Kering, the parent of Gucci and Balenciaga, is in exploratory talks to acquire the Italian skiwear brand Moncler, according to a report from Bloomberg.
Author: SGB Media
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.
The Buckle’s November Comps Dip
The Buckle Inc. announced Thursday that comparable store net sales, for stores open at least one year, for the 4-week period ended November 30, 2019 decreased 1.6 percent from comparable store net sales for the 4-week period ended December 1, 2018.
Yakima Acquires Road Shower
Yakima, a maker of recreational cargo management solutions and outdoor specialty products, announced Thursday that it has completed an asset acquisition of Road Shower, the on-vehicle outdoor recreation water transport system. Financial terms of the deal weren’t disclosed.
Duluth Trading Turns Profit Amid Sales Momentum
Duluth Holdings Inc. (dba, Duluth Trading Co.) on Thursday reaffirmed its guidance for fiscal 2019 after reporting net income for the third quarter ended November 3 of $0.2 million, or 1 cent per diluted share. That was up from a loss of $3.2 million, or (10) cents per diluted share in the year-ago period.
VF Corp. Publishes Sustainability & Responsibility Report
VF Corp. on Thursday published the latest iteration of its Made for Change Sustainability & Responsibility report, including the announcement of industry-leading science-based targets (SBTs) and its vision for sustainable materials.
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