Columbia Sportswear Builds On Momentum With Strong Q2

Columbia Sportswear Co. on Thursday reported record revenue of $526.2 million for the second quarter ended June 30, a 9 percent increase (11 percent in constant currency) from the same period a year ago and beating Wall Street’s estimates by $19 million. Earnings per diluted share increased 143 percent to a record 34 cents, compared to second quarter 2018 earnings per diluted share of 14 cents and crushing estimates by 33 cents.

Deckers Brands Q1 Powered By Big Gains At Hoka One One

Deckers Brands raised its outlook for the year after reporting a slightly lower year-over-year loss in the first quarter ended June 30 on a 10.5 percent revenue gain. Hoka led the way, with a 67 percent sales hike. Ugg’s sales grew 1.5 percent. 

U.S. Trade Groups Urge Congress To Approve USMCA

The American Apparel & Footwear Association, Outdoor Industry Association and National Retail Federation joined with more than 600 other trade organizations in a letter to Congress supporting approval of the U.S. Mexico Canada Agreement (USMCA).

Kitsbow Appoints VP Of Product And Design

Kitsbow, maker of premium cycling clothing and accessories, announced the addition of Jim Gingrich to the Kitsbow board of directors as well as the promotion of Tim Clark to vice president of product and design.

Feiyue Sneakers … Flying Forward

For more than 70 years the Shalin Monks of Shanghai have worn Feiyue sneakers while demonstrating their skills outside their training temple, shown below. The sneakers are lightweight, supportive and cheap and have become popular in Beijing with both the Gen Z consumer for their street cred as well and the older consumer who remembers […]

Military Sales A Mixed Bag For Rocky Brands In 2019

Military sales boosted Rocky Brands Inc.’s second-quarter revenue thanks to a timely purchase agreement from the Defense Logistics Agency and some accelerated shipments that were pulled forward because of a Department of Defense contract ending early. But while both of those events helped the company post a revenue beat for Q2, the military segment could be a drag on third-quarter performance before picking up again, executives said.

NGA Launches Outdoor Recreation Learning Network

The National Governors Association (NGA) on Wednesday announced the launch of the Outdoor Recreation Learning Network to help governors and their staffs leverage their unique natural, cultural and historical resources to advance economic, workforce, health and environmental benefits.

Report: Nike Exploring Sale Of Hurley

Nike Inc. is exploring the sale of Hurley International, the surf brand acquired in 2002, according to a report from Reuters. The move follows prolonged weakness in the overall action sports market.

Chattanooga’s Echelon Fitness Secures Investment

Echelon Fitness, a specialist in indoor cycling technology, received an investment from North Castle Partners. The growth capital infusion from North Castle Partners will bring Echelon’s total valuation to over $100 million.