Adidas AG reported earnings rose 10 percent in the second quarter as sales expanded 4 percent on a currency-neutral basis. Currency-neutral sales increased 12 percent in Emerging Markets and 8 percent in Asia-Pacific, led by 14 percent growth in China. Revenues in North America increased 6 percent Adidas’ outlook was confirmed for the year.
Author: SGB Media
Vista Outdoor Logs Q1 Loss
Vista Outdoor Inc. reported first-quarter sales were down 7 percent on an organic basis, excluding results from the sale of its Eyewear brands. Adjusted EPS was a loss of 8 cents a share compared to break-even results in the prior-year quarter.
SportChek’s Q2 Comps Climb 3.7 Percent
Canadian Tire Corp reported SportChek’s retail sales increased 3.0 percent in the second quarter as comparable sales grew 3.7 percent. On a consolidated basis, Canadian Tire’s comparable sales up 2.2 percent in the second quarter.
Barneys Has Until October 24 To Find Buyer And Avoid Liquidation
Barneys New York, which filed for bankruptcy Tuesday, secured new financing from Brigade Capital Management, LP and B. Riley Financial Inc. and has been given a deadline of October 24 to find a buyer to avoid liquidating.
Bear & Son Cutlery Hires Mathews As National Sales Manager
Bear & Son Cutlery, manufacturer of premium made-in-the-USA knives, announced that Michael Mathews has been appointed national sales manager.
Firearms Background Checks Climb For Second Straight Month In July
FBI background checks for firearms, as adjusted by the NSSF, were up 1.1 percent in July to 830,579 compared to the July 2018 NSSF-adjusted NICS figure of 821,260.
Descente’s Q1 Revenues Slide 4.2 Percent
Descente Ltd. reported a sharp decline in profits in the first quarter ended June 30 as sales dipped 4.2 percent.
BSN Sports Signs Mike Procopio As Brand Ambassador
BSN Sports, a division of Varsity Brands, announced that Mike Procopio, director of player development for the Dallas Mavericks and renowned coach in the professional basketball community – has joined the company as a brand ambassador for the Basketball division.
Why Acushnet Considers Ski & Golf Apparel Brand Kjus A ‘Great Fit’
Although Acushnet Holdings Corp.’s $28.7 million acquisition of premium ski and golf apparel brand Kjus didn’t happen until the third quarter, CEO David Maher spent plenty of time on Wednesday’s Q2 earnings call discussing the company’s vision for its newest asset. He also explained why Acushnet views Kjus as a “great fit.”
Pocket Outdoor Media Appoints Robin Thurston As CEO
Pocket Outdoor Media, the holding company that owns VeloNews, Triathlete, Women’s Running, PodiumRunner, Bicycle Retailer, VeloPress, and VeloSwap, has appointed Robin Thurston, co-founder of MapMyFitness, as CEO.
Equinox Group To Launch New Digital Venture
Equinox Group announced the development of a multi-brand digital platform offering premium fitness content from leading brands, including Equinox, SoulCycle, Precision Run and more, with personalized programming from top instructors. The initiative is being led by Jason LaRose, former president, North America at Under Armour.
Camping World Bucks RV Headwinds To Post Record Revenue
Camping World Holdings Inc. on Wednesday reported revenue for the second quarter of $1.5 billion, a 2.3 percent increase from the year-ago period. The figured marked a record revenue for the company and also defied some current headwinds facing the RV industry.
Escalade’s Q2 Sales Expand 14 Percent
Escalade Inc. reported a strong increase in profits in the second quarter on revenue growth of 14.3 percent. Outdoor categories fueled the sales gains.
Mystery Ranch Expands Global Reach With New Distributors
Bozeman, MT-based pack company Mystery Ranch on Wednesday announced its further expansion into international markets. With new partnerships across Europe, Asia and the Middle East, the company seeking to grow across the globe.
Accell Group Sells Non-Core U.S. Business
Accell Group N.V. on Wednesday said it has reached an agreement with private equity firm Regent LP for the sale of its U.S. business, including the worldwide registrations of the brands Diamondback, Redline and IZIP. Accell and Regent also agreed on an exclusive two-year U.S. distribution partnership for Accell’s international brands—Raleigh, Haibike and Ghost.
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