Fleet Feet announced the planned opening of a new store in Peachtree City, GA later this year.
Author: SGB Media
Jack Wolfskin Delivers For Callaway In Q2
Callaway Golf Co.’s $476 million acquisition of Jack Wolfskin, which was announced last fall and completed in January, raised plenty of eyebrows across the business world. But this newest asset paid off for Callaway in Q2 by delivering $48 million in sales, helping the company not only post a revenue beat in the period but also raise guidance for 2019.
Vista Outdoor Charts A New Course
Vista Outdoor Inc. CEO Chris Metz on Thursday cited a host of “challenging” headwinds that led to the company’s disappointing fiscal first-quarter performance. However, he also spent a lot of time on this week’s earnings call with analysts detailing how the executive team plans to revamp and revitalize the beleaguered Anoka, MN-based company and its brands, including CamelBak.
Iconix Slashes Q2 Losses
Iconix Brand Group’s operating losses were significantly reduced in the second quarter due to aggressive cost-cutting efforts. Sales, as expected, fell sharply but Iconix officials said they’re making progress lining up new licensing partners for many of its brands.
SportChek’s Q2 Boosted By Raptors’ Win And Helly Hansen
SportChek saw same-store sales climb 3.7 percent in the second quarter, marking its fourth consecutive quarter of growth and boosted by the Toronto Raptors being crowned NBA champions. Company-owned brands vaulted 47 percent at SportChek, led by Helly Hansen’s expansion.
Aisle Talk Week Of August 5
Top headlines from the active lifestyle industry you may have missed this week, including Fox International, Europe’s largest privately owned fishing tackle company, announcing that it has agreed to be acquired by Lew’s Holdings Corp., a leader in the U.S. fishing equipment market.
Sequential Brands Sees Q2 Revenues Slide
Sequential Brands Group reported a loss in the second quarter as sales declined 20.2 percent.
The North Face Unveils Global Retail Strategy With Opening Of New SoHo Location
The North Face announced a new global retail strategy, beginning with the opening of a new store in the historic SoHo neighborhood of Manhattan on Friday, August 9.
Through the refreshed retail strategy, the brand will transform its existing locations into basecamps for exploration, aiming to create a stronger connection with consumers and evolve The North Face retail environment to a space that feels more like the brand and less like a store.
The Vitamin Shoppe To Be Acquired By Liberty Tax
Liberty Tax, Inc., the parent company of Liberty Tax Service and Buddy’s Home Furnishings, reached an agreement to acquire Vitamin Shoppe Inc. in an all-cash transaction valued at approximately $208 million.
RECALL: Seattle Manufacturing Ice Axes
Seattle Manufacturing Corporation is recalling its Kobah Ice Axes. The spike and/or head of the ice axe can detach from the handle during use, posing serious injury and fall hazards to the climber.
Margin Pressures Send Camping World Shares Tumbling
Record revenue in the second quarter couldn’t keep Camping World Holdings Inc.’s stock from nosediving Thursday. As investors saw the impact of margin pressures on the company’s revised full-year guidance, CWH shares dipped 28 percent in early morning trading before closing the day down $1.67, or 16.1 percent, to $8.71.
Sears To Close 26 More Stores
Sears, which emerged from bankruptcy earlier this year, announced plans to close five Kmart and 21 Sears stores.
Callaway Raises Guidance On Strong Q2
Callaway Golf Co. on Thursday slightly raised guidance after announcing net sales growth of 13 percent in the second quarter of 2019 with record second quarter net sales of $447 million, which beat Wall Street estimates by $16.6 million.
Dick’s SG Partners With Lindsey Vonn Foundation
In conjunction with The Dick’s Sporting Goods Foundation, The Lindsey Vonn Foundation (LVF) has established The Dick’s Foundation Sports Matter Scholarship for underprivileged youth athletes across the country.
The Buckle’s July Comps Dip
The Buckle Inc. announced that comparable store net sales, for stores open at least one year, for the 4-week period ended August 3, 2019 decreased 0.5 percent.
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal