Wolverine World Wide Inc. reported second-quarter sales increased 1.1 percent. Earnings dipped slightly but exceeded Wall Street’s consensus targets by two cents. Merrell grew mid-single digits and Sperry improved to flattish growth in the quarter.
Author: SGB Media
Unifi’s Q4 Profits Drop
Unifi Inc. reported sales and pre-tax profitability declined in the fourth quarter ended June 30 that were in-line with expectations. The fabric supplier showed sequential quarter improvement on profitability and cash flows, and forecast volume and revenue growth and significant improvement in profitability for fiscal 2020.
Acushnet Sees Slight Q2 Earnings Decline
Acushnet Holdings Corp., the parent of Titleist and Footjoy, reported earnings slid 3.5 percent in the second quarter ended June 30 as sales slumped 3.3 percent due to a decline in golf club sales.
Sierra Bullets’ Softness Offsets Black Diamond’s Momentum
Shares of Clarus Corp. closed the day down $1.87, or 14 percent, to $11.50 after the company on Monday said a sales decline at Sierra Bullets offset continued momentum at Black Diamond Equipment, resulting in a second-quarter revenue beat but an earnings miss. President John Walbrecht explains the countervailing winds that inversely affected the company’s portfolio.
Hylete Files For $18 Million IPO
Hylete, an online seller of fitness apparel and gear, on Tuesday filed with the Securities & Exchange Commission to raise up to $18 million in an initial public offering.
Bogs Wholesale Strength Bright Spot In Weyco’s Q2
Weyco Group Inc. on Tuesday announced net sales for the second quarter were $60.5 million, down 1 percent compared to second quarter 2018 net sales of $60.9 million. Bogs wholesale sales grew 48 percent in the period due to sales volume increases across most major distribution channels
Planet Fitness Revenue Jumps In Q2
Planet Fitness Inc. on Tuesday reported revenue for the second quarter of $181.7 million, up 29.3 percent from the year-ago quarter. System-wide same store sales increased 8.8 percent.
Nike Inc. Acquires Data Science And Demand Sensing Firm Celect
Nike Inc. has acquired Celect, a leading retail predictive analytics and demand sensing firm based in Boston. Celect is Nike’s latest acquisition fueling its Consumer Direct Offense strategy, serving consumers personally at a global scale. Financial terms of the deal weren’t disclosed.
Conservation Alliance Hosts Backyard Collective Event In Portland, OR
The Conservation Alliance held its Backyard Collective event in Portland, OR, on Thursday, August 1, drawing 290 volunteers from 13 member companies, three conservation partners and one local nonprofit.
LeeMarc Industries Announces Sales Team Restructuring
LeeMarc Industries, parent company of Canari and Shebeest brands, on Tuesday announced a restructuring of its sales team.
Nike Signs Deal With The University Of Alaska Fairbanks
Nike signed a five-year deal to outfit the athletic teams of the University of Alaska Fairbanks. BSN Sports will supply the merchandise as part of the initiative.
QBP To Purchase Barnett Bicycle Institute
Quality Bicycle Products (QBP) announced it has signed a purchase agreement to acquire Barnett Bicycle Institute (BBI) from the National Bicycle Dealers Association (NBDA).
Skechers And Adidas Settle Lawsuit Over Striped Shoes
Skechers has asked the U.S. District Court for the Central District of California to dismiss a trademark infringement suit without prejudice. The lawsuit involved one of its styles which Adidas claimed infringes its three-stripe trademark.
Pro-Tec Athletics Appoints VP Of Sales
Pro-Tec Athletics welcomed Carlos Serrano as its new director of sales. Serrano joins Pro-Tec with over 13 years of experience in sales, including more than eight years with Merrell in the sporting goods/outdoor industry.
Super Heroic To Develop Nerf Apparel And Footwear Line
Hasbro Inc. and Super Heroic Inc., the kids sneaker brand, announced a licensing agreement to bring Nerf-branded kids’ apparel and footwear to market this August. The line will be available at select Foot Locker and Kids Foot Locker stores.
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