Growth in all channels, all geographies and all brands but one lifted Columbia Sportswear Co. to record revenue for both the fourth quarter and 2018, and the company believes it is riding that momentum to another stellar year. “2018 was a tremendous year for Columbia Sportswear and I’m thrilled to see it end on a high note … ,” said Tim Boyle, Columbia Sportswear’s president and CEO.
Author: SGB Media
Skechers Sees Domestic Wholesale Channel Return To Growth
Shares of Skechers USA Inc. rallied on Friday after the footwear giant reported earnings that easily topped Wall Street’s targets due to tight expense and inventory controls as well as targeted pricing actions. Gangbuster international growth continued while domestic wholesale growth recovered.
Aisle Talk Week Of February 4
Top headlines from the active lifestyle industry you may have missed this week, including a number of former Cabela’s employees, led by Matt Highby, officially launching Highby Outdoors, an e-commerce site focusing on outdoor gear.
Minnesota Unveils ‘Find Your True North’ Marketing Campaign
At the state’s annual tourism conference in St. Paul, Explore Minnesota announced a new “Find Your True North” tourism marketing campaign.
Dow Renews Partnership With USA Luge Team
Dow and USA Luge have announced the renewal of Dow as the Official Technical Partner of the USA Luge team through 2022.
Tissot Opens Basketball Concept Store In New York City
Tissot, the Swiss watch brand, celebrated the official opening of its fourth New York City boutique, a concept store dedicated to the brand’s status as Official Watch and Official Timekeeper of the NBA.
Reebok Signs New Ad Agency
Reebok appointed Deutsch as its new global creative agency of record.
Vista Outdoor Cuts Guidance Amid Continued Headwinds
Shares of Vista Outdoor fell $1.58, or 15 percent, to $8.99 on Thursday after the company earlier in the day cut guidance on its third-quarter report of a 20 percent revenue decrease and a $514.6 million loss on a goodwill write-down. The company reported sales of $468 million, shy of Wall Street’s consensus target of $505 million.
New Wave Group’s Q4 Sales Expand 19 Percent
New Wave Group AB, the Swedish-based owner of Craft, Cutter & Buck and a number of other sports brands, reported sales amounted to SEK 1,94 billion in the fourth quarter against SEK 1.63 billion, a gain of 19 percent year over year.
Sears Sale To Chairman Eddie Lampert Earns Court Approval
Sears Chairman Eddie Lampert’s $5.2 billion bid to buy the retailer’s assets and keep the chain alive was approved Thursday afternoon by U.S. Bankruptcy Judge Robert Drain in White Plains, N.Y., according to reports.
The Buckle Sees Dip In January Comps
The Buckle Inc. announced that comparable store net sales, for stores open at least one year, for the 4-week period ended February 2, 2019 decreased 2.2 percent in January.
Skechers Tops Q4 Targets On Robust International Growth
Skechers USA, Inc. reported earnings on an adjusted basis grew 42.3 percent, easily topping Wall Street’s targets, as sales advanced 11.4 percent. The gains were fueled by double-digit sales increases in each of its international businesses with single digit sales increases achieved in both its domestic wholesale and retail businesses.
The Evans Group Launches Outdoor Sporting Goods Online Resource
The Evans Group – an award-winning sales force team of top outdoor sporting, shooting and hunting goods – announced the launch of theevansgroup.net that will serve as an innovative resource to better connect the top manufacturers and quality dealers in the hunting, outdoor, shooting and law enforcement industries throughout North America. “For more than 28 years, The Evans […]
Columbia Sportswear Beats Estimates On Record Q4, Full Year 2018
Columbia Sportswear Co. on Thursday announced net sales of $917.6 million for the fourth quarter of 2018, an increase of 18 percent (19 percent constant-currency), compared with net sales of $776 million for fourth quarter 2017 and ahead of Wall Street estimates by $69.6 million.
Callaway Golf Teeing Up Jack Wolfskin Strategy
Solid performance across Callaway Golf Co.’s core golf business led to impressive revenue growth in 2018, and now the company is banking on a new division—Jack Wolfskin, which Callaway just acquired—to become an integral asset. For the full year of 2018, Callaway’s net sales increased $194 million, or 19 percent, to $1.2 billion, reflecting increases in each of the company’s operating segments and in each reporting region.
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