Shopko, which filed for bankruptcy last month, said it will close 251 stores, or 70 percent of its overall store base.
Author: SGB Media
Firearms Background Checks Turn Positive In January
FBI background checks, as adjusted by the NSSF, improved 3.4 percent in January to 988,160 from 955,466 in January 2018. The gain marked the first year-over-year improvement since March 2018.
Vista Outdoor Reduces Sales Guidance After Quarterly Miss
Vista Outdoor lowered its revenue guidance for its fiscal year ended March 31 after reporting sales dropped 20 percent in the third quarter. The company posted a loss of $514.6 million, or $8.94 a share, on a massive goodwill write-down but said earnings before charges exceeded Wall Street’s consensus estimates.
HanesBrands Q4 Powered By Huge Growth For Champion
HanesBrands announced fourth-quarter 2018 results, including net sales growth of 7 percent and double-digit operating profit growth. Both earnings and sales exceeded Wall Street’s targets. Champion sales increased more than 50 percent outside the U.S. mass channel.
January M&A Roundup: Media Companies Make News As Landscape Shifts
Consumer and trade publications are accustomed to reporting news, but in January companies in the active lifestyle and action sports media made news through a host of acquisitions that could drastically affect industry coverage moving forward.
Winchester’s Profits Dragged Down By Lower Sales
Winchester’s profits sunk in the fourth quarter and year due to lower revenues and rising commodity and other material costs.
Inov-8 Returns As Official Footwear Brand Of OCR World Championships
Inov-8 for the second straight year will be the official footwear brand for the he Obstacle Course Racing World Championships in the U.K.
Newton Running To Sponsor USA Triathlon
USA Triathlon and the USA Triathlon Foundation announced a partnership with Newton Running to serve as the exclusive running shoe of both organizations through 2021.
The North Face Partners With American Alpine Club
The American Alpine Club, the country’s oldest and largest climbing advocacy organization, in partnership with The North Face will give away $50,000 in grant money to climbers as part of the 2019 Live Your Dream Grants.
LivBar Hires New CEO And Gains New Funding
Liv Foods, Inc., maker of LivBar, organic superfood energy bars, has hired Wade Brooks as its new CEO.
Rip Curl Extends Contract With Mick Fanning
Rip Curl, celebrating its 50th anniversary, announced a lifetime contract 3x World Champion Mick Fanning.
OwnWay Apparel Appoints Matt Russell As Brand Ambassador
OwnWay Apparel announced a new partnership with multiple Ironman champion athlete, Matt Russell.
Former Oakley Design Leader Hans Moritz Joins Axon
Axon, a maker of connected public safety technologies, announced the appointment of Hans Moritz as Axon’s new vice president of Hardware Research and Development.
GoPro Posts First Profit In Five Quarters
GoPro Inc. reported a profit against a loss in the fourth quarter as sales climbed 13 percent. Results benefited from expense controls and strong demand for the HERO 7 action camera.
Callaway Golf Misses On EPS, Beats On Revenue in Q4
Callaway Golf Co. on Wednesday announced its full year 2018 financial results and provided financial guidance for 2019, including contributions from Jack Wolfskin, which the company acquired in January 2019.
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