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.
Author: SGB Media
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.
Arc’teryx Opens Brand Store In Sapporo, Japan
Arc’teryx continued to expand in Japan with the recent opening of a brand store in Sapporo, the capital of Japan’s northern island, Hokkaido.
Retail Imports Remain At Near-Record Levels Despite Tariffs
Imports at the nation’s major retail container ports are expected to continue at near-record levels this month and the remainder of the year despite a new round of tariffs on goods from China, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
Adidas’ Q2 Currency-Neutral Sales Rose 4 Percent
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.
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.
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