Wolverine World Wide reported earnings on an adjusted basis grew 27 percent in the fourth quarter, helped by improving margins and a sharp reduction in operating expenses. Revenues inched up 0.2 percent and benefited from accelerated revenue growth from Merrell and Sperry.
Author: SGB Media
Garmin Q4 Earnings Top Wall Street’s Targets
Garmin Ltd. reported fourth-quarter earnings that came in well above Wall Street’s targets with a boost from higher demand for its outdoor and aviation gadgets. Revenues improved 4 percent, led by a 25 percent gain in its outdoor segment and 22 percent in aviation.
Payless ShoeSource Files For Bankruptcy Protection
Payless ShoeSource Inc. filed for voluntary Chapter 11 bankruptcy protection for the second time as it prepares to close all its North American stores by the end of May.
Varsity Brands Names Finalists In 2019 School Spirit Awards
Varsity Brands announced that its school pride event, the Varsity Brands School Spirit Awards, has named finalists for its 2019 School Spirit Awards.
USA Swimming, Phillips 66 Extend Partnership
USA Swimming, the national governing body for the sport of swimming in the U.S., and Phillips 66, an energy manufacturing and logistics company, on Tuesday announced a multi-year partnership renewal.
Sports Innovation Conference Returns February 27
The sixth annual Stanford Graduate School of Business (GSB) Sports Innovation Conference returns to the Knight Management Center on Wednesday, February 27.
FlexIt Announces Availability In South Florida
FlexIt—the mobile-app that allows users to only pay for the gym time they use—on Tuesday announced the introduction of its app across nine cities in South Florida: Miami, Davie, Pembroke Pines, Ft. Lauderdale, Dania Beach, Coconut Grove, Hollywood, Hialeah and Kendall.
Vail Resorts Announces Mountain Division Leadership Changes
Vail Resorts Inc. on Tuesday announced a number of leadership changes to take place in its mountain division this spring, including Doug Lovell, vice president and COO of Vail Mountain, retiring from his position effective May 1, 2019.
Elan Sports USA Names Jeff Mechura As New President/CEO
Elan Skis, the Slovenian-based ski manufacturer, on Tuesday announced the appointment of Jeff Mechura as the new president/CEO of Elan Sports USA, an independent subsidiary of Elan d.o.o., effective immediately.
Pony Reaches New Licensing Agreement With One Step Up
Iconix Brand Group Inc. has signed a new agreement with One Step Up to be the exclusive apparel and footwear licensee for the Pony brand in North America.
361 Degrees Forecasts Profit Decline For 2018
361 Degrees International Limited said it expects a “notable” decline in earnings before taxes in 2018 due to an expected loss for the second half due in part to the U.S./China trade dispute.
Colorado Store To Close After Nike/Kaepernick Boycott
A Colorado sports apparel and memorabilia store is closing following its move to stop selling Nike product as a protest against the brand’s embrace of Colin Kaepernick.
JD Sports Acquires Stake In Footasylum
JD Sports has purchased an 8 percent stake in Footasylum, which has 70 stores in the United Kingdom.
SFIA: Sports Industry Facing Too Many Casual Participants
The annual SFIA Topline Participation Report found more Americans embracing healthy lifestyles in 2018, including notable gains in participation in a number of outdoor and fitness activities. But the study found tackle football participation taking another hit and overall gains being driven by casual rather than core participants.
Alterra CMO Erik Forsell Talks Ikon Pass Success, Industry Consolidation And More
Erik Forsell, Alterra Mountain Co.’s chief marketing officer, spoke with SGB Media at Outdoor Retailer Snow Show about a range of topics, including Ikon Pass usage trends, if Alterra measures itself against Vail Resorts, ongoing resort consolidation and how industry stakeholders can help drive ski/snowboard participation.
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