Skechers USA Inc. reported net earnings rose 25.5 percent in the fourth quarter on a 23.1 percent revenue gain. Sales topped guidance and earnings arrived at the high end of guidance.
Author: SGB Media
OIA Names Lise Aangeenbrug Executive Director
Outdoor Industry Association (OIA) on Thursday announced Lise Aangeenbrug as its new executive director. She replaces Amy Roberts, who left OIA last fall to join The North Face.
Firearms Background Checks Expand 19 Percent In January
Firearms background checks, as adjusted by the NSSF, reached 1.17 million in January against 988,160 in January 2019, a gain of 18.6 percent.
Coros Wearables Adds Des Linden As Amassador
Coros Wearables Inc., makers of GPS watches, introduced six new road runners to its pro athlete team. led by two-time Olympian and 2018 Boston Marathon Champion Des Linden.
The Buckle’s January Comps Expand 7.4 percent
The Buckle Inc. announced that comparable store net sales, for stores open at least one year, for the 4-week period ended February 1, 2020 increased 7.4 percent.
Peloton Still Targeting 2023 For Profitability
Peloton Interactive Inc. continues to measure success a little differently than most companies beholden to shareholders. Although the company widened its loss in Q2, profitability is a journey for Peloton, which estimates that the company will hit the coveted aspiration of being “adjusted-EBITDA profitable by 2023,” said CFO Jill Woodworth.
Topgolf Plans To Open Second Location In Charlotte
Topgolf Entertainment Group announced plans to open a second Topgolf venue in Charlotte, NC. The new location will open near UNC Charlotte, Charlotte Motor Speedway and Northlake Mall.
Shimano Acquires Pioneer Cycle Sports Assets
Pioneer, the cycling power meter specialist, has signed an agreement to transfer its cycle sports business to Shimano.
Vista Outdoor’s Q3 Exceeds Wall Street’s Estimates
Vista Outdoor Inc. reported its first quarter of positive organic revenue growth since its transformation efforts began in the third quarter ended December 29. Earnings and sales both topped Wall Street’s targets.
Nike Announces Strategic Distributor Partnerships In Brazil, Argentina, Chile And Uruguay
Nike Inc. announced it is transitioning its Nike Brand business in Brazil, Argentina, Chile and Uruguay to strategic distributor partnerships, enabling a more profitable, capital-efficient and value-accretive business model. A one-time, non-recurring charge related to foreign exchange of approximately $425 million will be taken.
GoPro’s Revenues Jump 40 Percent In Q4
GoPro Inc. reported sales rose 40 percent in the fourth quarter along with strong earnings gains although both were short of Wall Street’s targets.
Under Armour Appoints Two C-Suite Positions
Under Armour Inc. on Wednesday announced that Colin Browne has been appointed COO and Paul Fipps has been named chief experience officer (CXO), a newly created position.
Topgolf Launches New Concept
Topgolf Entertainment Group on Wednesday announced a new venue concept featuring an open, single-floor design.
Women’s Sports Foundation, Partners Herald National Girls And Women In Sports Day
Led by the Women’s Sports Foundation (WSF), a coalition of champion WSF Athlete Ambassadors, advocates and girls from WSF’s community programs, united Wednesday on Capitol Hill to celebrate the 34th Annual National Girls & Women in Sports Day (NGWSD).
Rad Power Bikes Closes $25 Million In Funding To Grow DTC Business
Rad Power Bikes, a Seattle-based ebike brand, closed $25 million in funding led by Vulcan Capital and Durable Capital Partners LP. The funding will support new brick & mortar retail locations around the world, along with expansion of the company’s mobile service and white glove delivery offerings.
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