About 2,840 Trek Super Commuter+ 8S bikes are being recalled, according to a statement from the U.S. Consumer Product Safety Commission.
Author: SGB Media
Aisle Talk Week Of December 2
Top headlines from across the active lifestyle industry featured in SGB during the week of December 2, 2019.
AOBC: 2020 Election Not Impacting Firearms Demand – Yet
James Debney, the CEO of Smith & Wesson parent company American Outdoor Brands Corp., told analysts on this week’s earnings call that while the 2020 presidential election has not yet had an impact on firearms demand, that could change in the run-up to next November.
Genesco Lifts Full-Year Guidance On Journeys’ Q3 Momentum
Genesco Inc. raised its outlook for the year after reporting third-quarter profit and same-store sales rose above expectations.
Among its segments, same-store sales grew 4 percent at Journeys and improved 3 percent for Schuh while falling 6 percent at Johnston & Murphy.
Report: Kering In Talks To Acquire Moncler
Kering, the parent of Gucci and Balenciaga, is in exploratory talks to acquire the Italian skiwear brand Moncler, according to a report from Bloomberg.
Johnson Outdoors’ Q4 Revenues Leap 14 Percent
Johnson Outdoors reported a 14 percent jump in sales for the fourth quarter ended and 3 percent in the fiscal year ended September 27.
Former Iconix Brand CEO Charged With Accounting Fraud
Neil Cole, Iconix Brand Group’s founder and former CEO, has been charged with accounting fraud while Seth Horowitz, Iconix’s former COO, pled guilty to related charges.
Adidas Partners With Fresno State Athletics
Fresno State Athletics announced that Adidas will replace Nike as its official athletic footwear, apparel and accessory brand in a 6-year partnership through the 2026 season. The agreement is effective June 1, 2020.
True Sports Acquires Aerotech Golf Shafts
True Sports, the parent of True Temper, Project X and ACCRA, has acquired Aerotech Golf, a designer and distributor of high-end composite golf shafts.
Brick-And-Mortar Still Driving Duluth Trading’s Omnichannel Success
While the notion of physical stores might seem antithetical in today’s click-and-buy e-commerce landscape, Duluth Holdings Inc. (dba Duluth Trading Co.) continues to see them as a critical point of entry for consumers, even as the company’s store buildout has moderated in recent quarters.
Sportsman’s Warehouse Looking Past Near-Term Ammo Pressure
Sportsman’s Warehouse Holdings Inc. said this week it projects some near-term pressure on ammunition sales in light of competitors like Walmart offering deep discounts as they sell off their inventory and exit the category. But Midvale, UT-based Sportsman’s has its eyes on a bigger prize—taking market share once those other players have gotten out of the ammo game altogether.
Zumiez Notches Another Quarter Of Positive Comps
Zumiez Inc. on Thursday reported comparable sales for the third quarter ended November 2 increased 5.5 percent, up from a 4.8 increase in the year-ago quarter and the 13th straight quarter of positive comps.
AOBC Beats EPS Estimates in Fiscal Q2 As Spinoff Looms
American Outdoor Brands Corp. on Thursday reported non-GAAP net income for the fiscal second quarter ended October 31 of $5.2 million, or 9 cents per diluted share, down from $11 million, or 20 cents per diluted share, in the year-ago period. EPS topped Wall Street’s estimates by 2 cents.
Vail Resorts Appoints Nadia Rawlinson To Board of Directors
Vail Resorts Inc. on Thursday announced that Nadia Rawlinson has been appointed to the company’s board of directors.
Picture Organic Clothing Certified As B Corp
Picture Organic Clothing, makers of recycled, organic, and bio-sourced products for board sports, announced Thursday it has earned B Corp certification, a distinction for companies committed to making environmental and social responsibility a core part of their business operations.
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