Columbia Sportswear Co.’s net sales grew 2 percent and set a record for the historically slow second quarter, despite double-digit declines at two brands.
Author: Charlie Lunan
U.S. Expansion Fueling Moncler’s Growth
Revenues grew 23 percent in the Americas in the first half, as the luxury outdoor brand added its 13th U.S. store as well as shops inside finer department stores.
Lafuma Group Sees Tough Sledding Ahead After Strong 1H
Sales of Lafuma Group’s Millet, Eider and Lafuma mountain sports products grew 11.0 percent in the first half despite Europe’s warm winter, which will make for tough sledding in the back half.
Sequential Brands Q2 Revenues up 70 Percent
Sequential Brands Group Inc. reported total revenue grew 70 percent in the second quarter and they expect to earn a minimum of $100 million in royalties this year.
Amer Sports Grows Q2 Sales 6 Percent
Amer Sports grew net sales 6 percent in currency-neutral terms in the second quarter despite taking a big hit at Wilson due to U.S. retail bankruptcies.
EPA OKs Thermacell’s Zika Claims
Thermacell Repellents Inc. said the EPA has certified its products as effective repellents of the mosquito that transmits Zika virus and other diseases.
Moncler’s Americas Sales Up 20 Percent in 1H
Moncler S.P.A. reported its revenues grew 23 percent to €52.5 million in the Americas in the first half, thanks in part to the opening of two new stores.
Millet Mountain Group Sales Up in First Half
The Millet Mountain Group of outdoor apparel brands increased sales by 11.0 percent in the first half of the year, but expect a decline in preseason orders to drag down year results.
Garmin Ups Outlook on Robust Wearables Sales
Garmin Ltd. said double-digit growth at its Fitness and Outdoor segments enabled it to blow past Wall Street estimates in the second quarter and raise its guidance for the full year.
Wolverine World Wide’s Q2 Encourages Investors
Wolverine World Wide Inc.’s stock surged Tuesday after it reported second quarter results and said it is nearly ready to sell underperforming brands.
Garmin Fitness and Outdoor Accelerate in Q2
Garmin Ltd. reported double-digit growth at its Fitness and Outdoor segments in the second quarter that enabled it to blow past Wall Street estimates and raise guidance
NRF Raises Retail Sales Forecast for 2016
The National Retail Federation revised its forecast for U.S. retail sales growth to 3.4 percent in anticipation consumer spending will remain steady.
Shimano Corp. Slashes 2015 Guidance
Shimano Corp. expects sales to fall twice as fast this year than it did three months ago due to a global oversupply of bicycles.
Bankruptcies, MAP Hurt Oakley, Ray-Ban in U.S.
Luxottica Group lowered its guidance to reflect the impact retail bankruptcies and a new MAP policy are having on U.S. sales of its Oakley and Ray-Ban brands.
Wolverine Worldwide Exceeds Q2 Guidance
Wolverine World Wide, Inc. (NYSE: WWW) beat guidance for the second quarter ended June 18 by reporting revenue declined 7.4 percent to $583.7 million.
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