Top headlines from the active lifestyle industry you may have missed this week, including the National Ski Areas Association (NSAA) reporting that skier visits to U.S. areas totaled over 59 million for the 2018/19 season.
Author: SGB Media
Champion’s Growth Accelerates Again In Q1
HanesBrands Inc. said its Champion business, excluding the C9 line being phased out at Target, catapulted 75 percent globally on a currency-neutral basis in the first quarter, accelerating from gains of 50 percent in the fourth quarter and 40 percent in the third quarter.
Johnson Outdoors’ Q2 Sales Expand 7 Percent
Johnson Outdoors reported earnings rose slightly in the second quarter as sales rose 7 percent.
Adidas’ Q1 Earnings Climb 17 Percent
Adidas reported a 17 percent rise in first-quarter net profit as double-digit growth in China compensated for weakness in Europe and North America. E-commerce revenue gained 40 percent
Newell Brands’ Home & Outdoor Living Sees Q1 Sales Slump
Newell Brands reported its Home & Outdoor Living segment generated net sales of $627 million compared with $670 million in the prior year period, a decline of 6.4 percent. Core sales declined 2.9 percent, largely driven by lost distribution for Coleman at a key U.S. retailer and declines in the remaining home fragrance retail stores.
Genesco Announces New Stock Repurchase Authorization
Genesco Inc. announced its board of directors has authorized it to repurchase up to $100 million of the company’s common stock.
NSAA Honors Best In Ski Industry
The National Ski Areas Association (NSAA) presented awards in sustainability, safety, growth and marketing to members with the most innovative and successful programs in each category. The awards were presented May 1 at the association’s National Convention and Tradeshow in San Diego, CA.
5.11 Tactical, Velocity Outdoor Shine For CODI In Mixed Q1
The two consumer brands in Compass Diversified Holdings’ portfolio that focus on the sportsmans categories—5.11 Tactical and Velocity Outdoor—were the only assets to show substantial pro forma net sales gains in the first quarter compared to the year-ago period.
How Yeti Is Executing On Strategic Goals
Yeti Holdings Inc. executives laid out aggressive growth strategies and ambitious benchmarks earlier this year at the ICR Conference in Orlando, FL, and the company’s first-quarter earnings report, released Thursday morning, shows it is on the right path to achieving them.
Duluth Holdings Expands Into Florida
Duluth Holdings Inc. (dba, Duluth Trading Company) on Thursday announced the grand opening of its 51st store in Jacksonville, FL, its first retail location in Florida.
REI Co-op To Invest Up To $1 Million In National Forest Foundation
REI will donate up to $1 million to the National Forest Foundation in 2019 in continuation of a commitment that began in 2017 and bringing the co-op’s total investment in the NFF to nearly $3.5 million.
Jen Harned Exits Bell/Giro
Vista Outdoor has confirmed that Jen Harned, president and general manager of the Bell and Giro, has left the company, according to Bicycle Retailer.
Dick’s Appoints New Chief Marketing Officer and SVP Strategy
Dick’s Sporting Goods appointed Ed Plummer as the company’s chief marketing officer and Steve Miller as the senior vice president of strategy and analytics.
K-Swiss Sold To Xtep International
China-based sports brand Xtep International Holdings Ltd announced plans to acquire E-Land Footwear USA Holdings Inc., the parent of K-Swiss, for $260 million in an all-cash deal, according to Reuters.
Under Armour Swings to Profit, Boosts 2019 Outlook
Under Armour Inc reported stronger-than-expected first quarter earnings while boosting its full-year earnings guidance, as solid overseas demand offset a fall in North American sales.
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