Under Armour Inc. announced that it has entered into a definitive agreement to sell the MyFitnessPal platform to Francisco Partners. Under Armour also said it will discontinue its Endomondo platform’s operations at the end of 2020.
Author: SGB Media
Under Armour’s Q3 Tops Wall Street’s Targets
Under Armour Inc.’s third-quarter results topped analyst targets due to improving performance in North America and a 19 percent sales gain in footwear. The company also provided a full-year outlook that was better than expected.
True Sports Acquires Lefevre
True Sports announced the acquisition of a QC-based goalie equipment manufacturer, Lefevre Inc.
Deckers Brands Q2 Blows Past Wall Street’s Targets
Deckers Brands reported earnings rose 30.5 percent in the second quarter ended September 30 on a 15 percent revenue gain. Results came in well above Wall Street’s targets. Ugg’s sales grew 2.5 percent while Hoka One One’s catapulted 83.2 percent.
Columbia Sportswear’s Q3 Profits Slump 47 Percent
Columbia Sportswear reported earnings fell 47 percent in the third quarter as revenues were down 23 percent. Both sales and EPS came in below Wall Street’s consensus targets. Looking forward, the company predicted fourth-quarter earnings would decline between 20 and 35 percent as sales slump in the range of 8 to 11 percent.
The Big Gear Show 2021 Drives Hardgood’s Innovation
The Big Gear Show announced a new location, invitation-only format and growth-driving resources for 2021. The show will feature 500 hand-selected retailers and 250 brands across the outdoor and cycling industries. Its inaugural event was canceled due to COVID-19. The Show will take place on August 3-5, 2021, in Park City, UT at The Deer […]
Skechers’ Q3 Sales Dip 4 Percent
Skechers USA Inc. reported sales of $1.30 billion in the third quarter ended September 30, a 3.9 percent decrease year-over-year, but a 78.3 percent increase from the second quarter 2020. On an adjusted basis, earnings per share were down 20.9 percent to 53 cents, easily topping Wall Street’s consensus target of 34 cents. Other highlights […]
Columbia Sportswear Announces Senior Leadership Changes
Columbia Sportswear announced that Thomas Cusick, EVP and COO, plans to retire. In accordance with pre-established transition plans, Lisa Kulok, SVP, global supply chain operations and manufacturing, and Jim Swanson, SVP AND CFO, are promoted to EVPs.
RYU Apparel Closes $4.2M Private Placement
RYU Apparel Inc. announced that it has closed a non-brokered private placement financing. Said Cesare Fazari, RYU’s CEO, “This capital infusion shows the confidence shareholders have in our plan of profitable renewal for the RYU brand.”
Sportsman’s Warehouse Opens In Southern California
Sportsman’s Warehouse Holdings Inc. opened its first location in Southern Californians. The grand opening celebration of their new store in Corona takes place from November 12-14.
Inside The Call: Boot Barn CEO Details Gains In Fiscal Q2 Store, Category Performance
Boot Barn Inc. made considerable sequential progress in its fiscal second quarter from its fiscal first quarter results as the trend in comps, net sales and earnings all saw improvement. Consolidated same-store sales results improved throughout the quarter, turning positive in September and continuing into October.
U.S. Footwear Sales Expected To Stabilize; Bounce Back In 2021, According to NPD
Lifestyle changes and consumer behavior shifts in 2020 due to COVID-19 have driven year-over-year sales declines for the U.S. footwear industry, but trends are expected to stabilize and recover through 2021, according to The NPD Group’s outlined in its Future of Footwear Report. Improved fashion footwear and performance sales are forecasted to lead to increased dollar sales […]
Dermatone Named Official Sunscreen, Lip Balm And Frostbite Protection Of U.S. Ski & Snowboard Team
Dermatone, which offers skin protection products for extreme conditions, announced today that it has been named the official sunscreen, lip balm and frostbite protection supplier of the U.S. Ski & Snowboard Team. The multi-year partnership extends through 2023 and includes providing U.S. Ski & Snowboard Team athletes with Dermatone skin protection products to use in […]
JCPenney To Emerge From Chapter 11 Under New Owners
JCPenney has inked an asset purchase agreement (APA) with Brookfield Asset Management, Simon Property Group and a majority of its lenders in a move that’s expected to enable the department store chain to emerge from bankruptcy proceedings before the holiday selling season.
Escalade’s Q3 Revenues Soar 71 Percent
Escalade Inc. posted quarterly revenue of $78.1 million, an increase of 70.6 percent over prior year, and a record for its third fiscal quarter. The gains were led by archery, outdoor and fitness categories, including basketball, Lifeline Fitness and Victory Tailgate.
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