Acushnet Holdings Corp. is riding an impressive wave of momentum into 2020. But the Fairhaven, MA-based parent of Titleist and other brands is facing a sizeable hazard midway through the first quarter, one that should be a drag on the top and bottom lines for at least the first half of the year—the coronavirus.
Author: SGB Media
Camping World Turns The Page
Last year, Camping World Holdings Inc. closed or sold more than 60 locations that didn’t sell or service RVs, a move took a toll on 2019 results by causing some short-term revenue and earnings pressure. But as Camping World turns the page on its retail model and refocuses on its core RV business, the company appears better positioned for 2020 and beyond.
Aisle Talk Week Of February 24
Top headlines from across the active lifestyle industry featured in SGB during the week of February 24, 2020.
Ikon Pass Unlocks Winter 2020/21 On March 5, 2020
After debuting January 2018, the Ikon Pass enters its third season with 41 global mountain destinations, a new four-day product, and continued pass holder benefits. The Pass goes on sale March 5.
Foot Locker Q4 Comps Slide 1.6 Percent
Foot Locker Inc. saw fourth-quarter earnings that topped Wall Street’s consensus target but same-store sales were down 1.6 percent and were below expectations. Dick Johnson, CEO, said, “While we had leading positions in key on-trend footwear styles, this was not enough to offset softer than expected demand during the compressed holiday season, a very promotional marketplace for apparel, and tougher launch comparisons.”
Pure Archery Promotes DuMars To VP Of Sales
Pure Archery Group announced the promotion of Jon DuMars to the position of VP of sales.
New Balance And NBA Announce Multiyear Global Agreement
The National Basketball Association (NBA) and New Balance Athletics, Inc. announced a new multiyear agreement that will make the global athletic brand an official marketing partner of the NBA.
Winmark’s President Of Franchising Resigns
Winmark Corp., the parent of Play It Again Sports, said Steven A. Murphy, current president, franchising has resigned. Renae M. Gaudette, the company’s vice president, franchising has been named president, franchising;
Columbia Sportswear Warns Of Significant Impact From Coronavirus
In an update, Columbia Sportswear said it its 2020 results “to be significantly affected” by the coronavirus outbreak as the epidemic impacts both its business in the Asia region and its supply chain.
Camping World Losses Mount As ‘Strategic Shift’ Rolls On
Camping World Holdings Inc. reported a fourth-quarter loss of $80.9 million, or 89 cents per share, on a revenue decline of 1.8 percent to $964.9 million. EPS missed Wall Street’s targets by 59 cents and revenue was shy $45.1 million.
Nearly A Third Of U.S. Firms In China Facing Revenue Hits
A survey of nearly 170 firms by the American Chamber of Commerce in China, or AmCham China, found nearly one-third of U.S. firms with exposure to China are facing increased costs and significantly reduced revenue due to the coronavirus outbreak.
Nike Exec Josh Simon Joins Netflix
Josh Simon, most recently as VP and head of global strategy for product, design, merchandising and categories at Nike, has been appointed VP of consumer products for Netflix, according to a report from Variety.
Peloton, NMPA Announce Litigation Settlement, New Agreement
Peloton Interactive Inc. and the National Music Publishers’ Association (NMPA) on Thursday announced that they have fully settled the litigation brought last year by 14 NMPA members.
Modell’s Saves Two More Stores From Closure
Modell’s Sporting Goods said two more stores in Manhattan – located at 150 and 280 Broadway – will not be closing as planned due to negotiations with landlords, according to a Bloomberg report. The spared stores bring Modell’s planned closings to 17.
Report: Stage Stores Closing More Than 70 Locations
Stage Stores, Inc. has reportedly laid off more than 20 percent of its corporate staff and plans to close more than 70 of its approximately 700 stores, according to a report from Retail Dive.
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