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.
Author: SGB Media
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.
Stack Sports Extends Its Partnership With New Jersey Youth Soccer
Stack Sports, a leading provider of sports technology, announced that it has extended its partnership with New Jersey Youth Soccer (NJYS), which will leverage the new U.S. Soccer Connect platform for its member club management.
DTLR Promotes Five To Key Leadership Roles
DTLR, a nationwide lifestyle retailer with more than 240 stores in 19 states, on Thursday announced multiple promotions.
Remington Products Acquires Foot Petals
Remington Products Company announced it has recently acquired the Foot Petals brand from RG Barry Corporation. Foot Petals is a designer brand of foot cushions and inserts including ball-of-foot, back of heel and arch cushions.
Active Ride Shop Announces New Ownership
Active Ride Shop, the skate chain based in Ontario, CA, announced that Bedford Ventures Inc. has acquired its assets from GemCap Lending following an auction process. The new owners plan to re-open three stores this spring.
2019 Was Watershed Year For 5.11 Tactical
5.11 Tactical, the apparel and gear brand owned by Compass Diversified Holdings LLC (CODI), truly found its stride in 2019 and Q4, in particular. The brand posted its second consecutive quarter of double-digit revenue growth and fourth consecutive quarter of double-digit EBITDA growth. Here’s how 5.11 did it and what’s in store for 2020 and beyond.
How TJX Bucked Retail Trends In 2019
The TJX Cos. Inc. clearly doesn’t subscribe to the “retail apocalypse.” The parent of T.J. Maxx, Marshalls, Sierra and other retailers added 223 net stores in 2019 even as competitors shuttered doors. On TJX’s earnings call this week, CEO Ernie Herrman shared some of the reasoning behind the company’s ability to buck the wider industry trend.
VF Corp. Closes Inaugural €500 Million Green Bond
VF Corp. announced the closing of its €500 million green bond offering, representing the first green bond issued in the apparel and footwear industry. The amount equivalent to the net proceeds from the offering will be used to advance programs within the company’s Made for Change Sustainability & Responsibility strategy.
Acushnet’s Earnings Soar In Q4
Acushnet Holdings Corp., the parent of Titleist, reported net income rose 57.0 percent in the fourth quarter on a 7.3 percent sales gain. Net earnings rose 21.2 percent in the year on a 2.9 percent sales increase.
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