Lululemon in a regulatory filing declared that founder Chip Wilson’s right to appoint a board director has been terminated.
Author: SGB Media
Eddie Bauer Reaches $9.8M Settlement Over Data Breach
Eddie Bauer agreed to a settlement with Iowa-based Veridian Credit Union over a class action lawsuit related to a 2016 data breach, according to documents filed in the U.S. District Court for the Western District of Washington. The retailer admitted no wrongdoing in the filing.
Dorel Sports’ Profits Bounce Back In Q1
Dorel Industries reported its Dorel Sports’ segment posted an operating profit of $4.5 million in the first quarter, rebounding from a loss of $774,000 a year ago. The prior year’s first quarter included a $6.6 million impairment loss recorded on Toys “R” Us trade accounts receivable and a $1.5 million operating profit related to Toys“R”Us shipments prior to the U.S. bankruptcy.
RYU Apparel Reports 67 Percent Revenue Hike In 2018
RYU Apparel Inc. reported revenue for the year ended December 31 reached $5.05 million, 67 percent higher than revenue of $3.0 billion in 2017.
Yue Yuen’s Revenues Advance 3 Percent In April
Yue Yuen Industrial (Holdings) Limited reported revenues expanded 2.9 percent in April, to $877.9 million from $853.3 million.
Academy Sports Opens Store In Gastonia, NC
Academy Sports + Outdoors opened its first store in Gastonia, NC, located at 3580 E Franklin Blvd. This marks Academy’s 6th Charlotte metropolitan area store.
Short-Term Issues Force Callaway To Lower Jack Wolfskin Expectations
Market softness in the key markets of Central Europe and China along with foreign exchange headwinds prompted Callaway Golf Co. to lower its 2019 EBITDA expectations for Jack Wolfskin, the German-based outdoor apparel and gear brand that Callaway recently acquired.
Why Vista Outdoor Is Recommitting To Its Bell/Giro Business
Almost one year to the day that Vista Outdoor Inc. announced plans to sell its Bell/Giro business, the company took the bike protection segment off the selling block and committed to “rebuilding those brands with a fresh perspective,” said CEO Chris Metz, who shared some of the reasons why the company had a change of heart.
Aisle Talk Week Of May 6
Top headlines from the active lifestyle industry you may have missed this week, including the announcement that Darrell Denny, EVP at Emerald Expositions who oversees Outdoor Retailer, is leaving the company, effective May 24.
Emerald Expositions’ Darrell Denny Exits
Darrell Denny, EVP at Emerald Expositions who oversees Outdoor Retailer, is leaving the company, effective May 24.
U.S. Hikes Tariffs On Chinese Imports
The U.S. increased tariffs on $200 billion of Chinese goods to 25 percent Friday hours after trade talks held in Washington failed to produce a breakthrough. President Trump has also threatened to impose additional levies on virtually everything China exports to the U.S. as punishment for what he said was Beijing’s attempt to “renegotiate” a trade deal.
Acushnet Remains Bullish As Golf Industry Perks Up
The golf industry has been uplifted in recent weeks thanks to the start of spring, Tiger Woods’ win at the Masters and some upbeat participation reports. Despite reporting a mixed first quarter, Acushnet Holdings Corp., the parent of Titleist and FootJoy, is also bullish on the sport’s fortunes for these reasons and more.
Under Armour Opens New Omni Distribution House
Under Armour officially opened the doors to its new state-of-the-art Omni Distribution House (ODH). ODH is a 1.3 million square foot distribution and warehouse facility, located in Sparrows Point in Baltimore County, MD.
Callaway Raises Full-Year EPS Guidance On Record Revenue
Callaway Golf Co. on Thursday increased its earnings per share guidance for the first half and full-year 2019 after posting record revenue in the first quarter. The company’s net sales increased $113 million (28 percent) to $516 million, and adjusted EBITDA increased $4 million (4 percent) to $93 million.
Kahunaverse Sports Group Acquires Soccer Express
Kahunaverse Sports Group, one of Canada’s largest providers of institutional and team sporting equipment, apparel and accessories, has acquired Soccer Express Trading Corp.
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