Wolverine World Wide Inc. reported earnings per share grew 9.7 percent in the third quarter ended September 28 and exceeded Wall Street’s targets as currency-neutral sales of Merrell, Sperry and Saucony expanded over 11 percent. The company slightly lowered its earnings outlook due to the impact of tariffs.
Author: SGB Media
SportChek’s Comps Climb 4.6 Percent In Q3
Canadian Tire Corp. reported SportChek retail sales were up 3.8 percent in the third quarter and comparable sales grew 4.6 percent. Helly Hansen revenue in the quarter was $211.7 million, up 16.5 percent.
Vista Outdoor’s Organic Sales Drop 7 Percent In Second Quarter
Vista Outdoor Inc. reported break-even results on an adjusted basis in the second quarter as sales slid 7 percent on an organic basis. The company again slightly lowered its sales guidance due to continuing ammunition weakness but retained its adjusted earnings outlook.
Backcountry.com Apologizes For Trademark Protection Push
Following social media uproar over news the online retailer has been suing small business owners over the use of the word “backcountry,” Backcountry.com CEO Jonathan Nielsen wrote in an open letter that the retailer’s attempts to protect its brand “were not consistent with our values.”
Nike, Fanatics Expand NFL Licensing Agreement
The NFL, Nike and Fanatics have reached a new partnership that extends Fanatics’ exclusive consumer product licensing rights to manufacture and distribute all Nike NFL adult products worldwide. The agreement is an enhancement to the US-only deal signed in 2018.
Backcountry.com Facing Potential Boycott Over Trademark Lawsuits
Backcountry.com is facing a social media uproar and boycott threats as word spreads about the online site’s move to sue dozens of smaller outdoor brands and retailers for using the term “backcountry” in their name or product catalog.
NSSF Promotes Gun Safety In Texas With $1 Million Grant From Governor’s Office
The National Shooting Sports Foundation (NSSF) is making available firearms safety education materials to Texas communities after being awarded a $1 million grant earlier this year from the Office of Governor Greg Abbott.
Leisure Pro To Merge With Scuba.com
Adorama Inc., parent company of Leisure Pro, the number one store for scuba diving and snorkeling equipment, announced the acquisition of Scuba.com, adding to its watersports equipment portfolio.
Fitbit Posts Steep Loss In Q3
Fitbit, which on November 1 said it agreed to be acquired by Google, reported a net loss of $51.9 million in the third quarter against a loss of $2.1 million a year ago. Sales were down 11.8 percent.
October M&A Roundup: Nike, Kathmandu, JackRabbit And More
October was another busy month for M&A in the active lifestyle space, with footwear and apparel giant Nike Inc., outdoor retailer and gear brand Kathmandu Holdings Ltd., and sporting goods chain JackRabbit all pulling the trigger on market-shifting deals.
Adidas AG Sees Currency-Neutral Growth Of 6 Percent In Q3
Adidas AG reported net income from continuing operations decreases 2 percent, as expected, in the third quarter as revenues grew 6 percent on a currency-neutral basis. The outlook for the full-year was confirmed with expectations for significant top-line acceleration expected in Q4.
HanesBrands Adds Distribution Partner In South Korea To Open Champion Brand Stores
HanesBrands expects to significantly increase the number of Champion points of distribution, including stores and online, in South Korea starting in 2020
Crocs Opens Distribution Center In Dayton, Ohio
Crocs Inc. announced the official opening of its new distribution center in Dayton, OH. The new 550,000 square foot facility will serve as the distribution center for the company’s operations in the United States and Canada.
Nike Signs Amanda Anisimova
Nike signed Amanda Anisimova, the American tennis player, to an endorsement contract that may be among the largest ever signed by a teenager, according to the New York Post.
Jackson Adventures Consolidates Multiple Outdoor Brands
Jackson Adventures is now the main corporate brand representing Jackson Kayak, Orion Coolers, Orion Kennels and Blue Sky Boatworks. The consolidation is aimed at simplifying 10 years of new product entries, four separate brand infrastructures and the beginning of new offerings from all divisions.
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