Adidas said it expects first-quarter sales to fall more than 10 percent as revenues in Greater China tumble between €0.8 billion and €1.0 billion below the prior-year level due to the coronavirus outbreak. The guidance assumes a decline of about €100 million in Japan and South Korea while the rest of the world grows at a currency-neutral 6 percent to 8 percent.
Author: SGB Media
RYU Apparel Appoints New CEO
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Bogs Sales Dip In Fourth Quarter
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Mystery Ranch Hires Outdoors East Rep Agency
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Clif Bar Features Six Women Athletes On Packaging For First Time
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NRF, AAFA, FDRA, RILA, USFIA Issue Joint Statement On Reports Of Forced Labor
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ISA TanTec Opens Second Tannery, Resumes Normal Production In China
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HanesBrands Launches C9 Champion Brand On Amazon
HanesBrands has introduced its C9 Champion performance athleticwear exclusively with Amazon Fashion worldwide as part of a multiyear agreement.
Teton Gravity Research Hires Chief Growth Officer
Action and adventure lifestyle media company Teton Gravity Research (TGR) has hired Steven Gray as its chief growth officer.
Caddy For A Cure And Linksoul Sign New 2020 Partnership
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Alterra Announces $223M In Capital Improvements For 2020/21 Season
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Vail Resorts CEO Talks Coronavirus, Snowfall, Lift Lines, M&A
Vail Resorts on Monday withdrew its fiscal 2020 guidance because it’s not yet sure how badly the coronavirus outbreak will sag its financial performance. The company plans to provide an update next week, but right now Vail plans to keep all its resorts open as scheduled, according to CEO Rob Katz, who addressed this issue and others on the fiscal second-quarter earnings call.
Dick’s Q4 Earnings Beat Targets, To Remove Hunt From 440 Stores
Dick’s Sporting Goods reported fourth-quarter earnings topped Wall Street’s expectations as same-store sales rose 5.3 percent. The retailer also announced it was removing the hunt category from another 440 stores.
Kinsey’s Acquires Alpine Archery
Kinsey’s has purchased Alpine Archery and will reinvigorate the brand and its assortment of archery products.
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