Author: Eric Smith

Coleman Distribution Loss Drives Down Newell’s Q1 Performance

Coleman Distribution Loss Drives Down Newell’s Q1 Performance

Outdoor equipment brand Coleman lost distribution at a key U.S. retailer, for coolers in particular, which was a key driver in parent company Newell Brands’ poor first-quarter performance that saw a 6.4 percent revenue decline in its Home & Outdoor Living segment. However, the company is “about to lap that distribution loss” by the end of Q2. (Read More)

April M&A Roundup: BSN Grows Again, Volcom Gets Liberated

April M&A Roundup: BSN Grows Again, Volcom Gets Liberated

BSN Sports has become a fixture in SGB Executive’s monthly roundup of M&A activity, and April saw the nation’s largest direct marketer and distributor of sporting goods to the school and league markets grow yet again with the addition of two more assets. In a busy month for deals in the active lifestyle market, surf, skate and snow brand Volcom found a new owner. (Read More)

Garmin CEO Talks Tacx Acquisition, Strong Q1

Garmin CEO Talks Tacx Acquisition, Strong Q1

Garmin Ltd. President and CEO Cliff Pemble spent only a little time on Wednesday’s Q1 earnings call with analysts discussing the company’s acquisition of Tacx, but he did shed some more light on how Garmin would go to market with its newly acquired Dutch business, which designs and manufactures indoor bike trainers, tools and accessories, as well as indoor training software and applications. (Read More)

Sneakerheads Fueling Potential $6 Billion Resale Market

Sneakerheads Fueling Potential $6 Billion Resale Market

Sneakerheads—consumers who covet and purchase many different sneakers and are constantly searching for the latest, limited-edition pair of kicks—should help the already lucrative sneaker resale market hit $6 billion by 2025, according to a recent study from Cowen. “Sneakers As An Alternative Asset Class” estimates that the sneaker resale market in North America is about $2 billion and rapidly growing. (Read More)

Rocky Brands Inc. Ramps Up Reinvestment After Strong Q1

Rocky Brands Inc. Ramps Up Reinvestment After Strong Q1

Marketing efforts clearly paid off for Rocky Brands Inc. in the first quarter, with the company reporting a 9.1 percent earnings increase on a 7.4 percent revenue gain, both of which beat Wall Street’s estimates. Now the company plans to double down on that strategy by reinvesting some of the profits from last quarter into a revamped and rejuvenated marketing strategy aimed at taking more share across end markets. (Read More)

REI Co-Op Leveraging Record Sales Year In Pledge To ‘Do More’

REI Co-Op Leveraging Record Sales Year In Pledge To ‘Do More’

For all the tumult REI Co-op faced earlier in 2019 due to the sudden resignation of CEO Jerry Stritzke, the company is clearly on solid ground after reporting that 2018 was its strongest sales year ever. Bolstered by record revenue and a firm understanding of changing customer demands, REI has big plans in 2019 as it recommits to the outdoors, reinforces its omnichannel strategy, and ramps up its rental and used gear programs. (Read More)

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