Deckers Profits Dragged Down By Sanuk Write-Down
Deckers Brands cut its guidance while reporting a sharply lower quarterly profit on lower sales during the holiday period and a write-down of its Sanuk sandals brand.
Calloway Golf Benefiting From Competitor Exits
On a conference call with analysts, Chip Brewer, president and CEO, described market conditions as “choppy with softness in both Asia and Americas.” But he said the overall golf market is becoming more rational, which bodes well for the long run.
HanesBrands Q4 Stung By Weak Replenishment
Blaming the disruption to brick & mortar stores caused by the shift to online selling, HanesBrands, the parent of Champion, reported fourth-quarter earnings that missed plan. The company also provided weak guidance for 2017.
Nike, Dick’s And Others Band Together To Fight Border Tax
Nike, Dick’s Sporting Goods and more than 100 other companies have joined together to launch Americans for Affordable Products, a campaign to defeat the border adjustable tax (BAT).
HanesBrands Sees Double-Digit Q4 Revenue Gains
The parent of Champion and Hanes reported earnings on an adjusted basis grew 20 percent in the fourth quarter on an 11.2 percent sales gain.
Callaway Golf Reports Profit Against Loss In Q4
Fourth quarter net sales grew by 7 percent, or 5 percent on a constant currency basis, resulting in full-year net sales growth of 3 percent, or 2 percent on a constant currency basis.
Are EMS And Bob’s Stores Back On The Selling Block?
Seven months after emerging from bankruptcy proceedings, Bob’s Stores and Eastern Mountain Sports (EMS) are reportedly heading back to Chapter 11 proceedings and may have already found another buyer, Sports Direct International.
Under Armour’s Debt Ratings Cut To Junk Status
Said S&P analyst Mariola Borysiak, “We now believe the company will generate about 10 percent sales growth annually and margins will be in the 12 percent range, which results in leverage slightly below 3x.”
Pearl Izumi Sponsors Old Man Winter Bike Rally
The third annual Old Man Winter Rally will collect funds for Can’d Aid Foundation, a nonprofit aimed at rebuilding flood-damaged hiking and biking trails.
Skechers Re-Signs Joe Montana
The Hall of Fame quarterback will appear in a worldwide, multi-tiered TV, print and digital campaigns for Skechers men’s footwear through 2018.
Sports Direct Exploring Bankruptcy Bid For Bob’s, Eastern Mountain Sports
Sports Direct International Plc, the U.K.’s largest sporting goods chain, is in discussions to become the stalking horse bidder in a bankruptcy auction of Eastern Outfitters LLC, the parent of Bob’s Stores and Eastern Mountain Sports, according to Reuters.
Zumiez Sees 9.4 Percent Comp Gain In January
Based on slightly higher than expected sales, the action-sports retailer now expects fourth quarter 2016 earnings per share to be at or slightly above the high-end of it previous guidance range.
S&P Strips Under Armour Of Investment-Grade Rating
S&P wrote, “We now believe the company will generate about 10 percent sales growth annually and margins will be in the 12% range, which results in leverage slightly below 3.0x.”
Allied Feather & Down Teams Up With POW
The producer of down and feather insulation will donate 1 percent of the total sales from its HyperDry water-resistant down to POW, starting immediately.
BSN Sports Acquires Team Division Of Erie Sport Store
ESS, serving team and retail customers since 1951, is a leading distributor of team apparel and equipment in the Lake Erie region.
