Top headlines from the active lifestyle industry you may have missed this week, including Deanne Buck (pictured) resigning as executive director of Camber Outdoors.
Author: SGB Media
Yue Yuen’s January Sales Surge
Yue Yuen reported revenues of $924.0 million against $737.1 million a year ago, a gain of 25.4 percent.
Newell Brands’ Q4 Earnings Hit By Impairment Charge
Newell Brands reported a sharp decline in operating earnings in the fourth quarter as it absorbed a $157 million impairment charge. The Home & Outdoor Living segment saw a core sales decline of 3.0 percent, largely driven by lost distribution for Coleman at a key U.S. retailer.
2018 Holiday Sales Grew 2.9 Percent
Holiday retail sales during 2018 grew a lower-than-expected 2.9 percent over the same period in 2017 to $707.5 billion, the National Retail Federation said today after the Commerce Department released data that had been delayed by nearly a month because of the recent government shutdown.
Report: Payless To Shutter All Doors
Payless ShoeSource plans to close all of its 2,300 stores in bankruptcy proceedings, sources told Reuters.
Emerald CEO: 2019 Snow Show Revenue Down In Mid-Single Digits
Revenue for the recent Outdoor Retailer Snow Show is expected to be down in the mid-single digits even as the show’s mood and energy were “excellent,” according to Phil Evans, interim president and CEO of Outdoor Retailer parent company Emerald Expositions Events Inc. That was the assessment Evans provided during Thursday morning’s earnings conference call with analysts to discuss Emerald’s fourth-quarter results.
Future Plc Acquires Cycling News And Procycling Magazine From Immediate Media
Future Plc announced the acquisition of two specialist consumer brands from Immediate Media Co. – CyclingNews.com and Procycling Magazine.
RYU Launches New Website
RYU Apparel Inc., creators of urban athletic apparel, has officially launched its new RYU.com website.
Canada Goose Opens New Manufacturing Facility In Montreal
Canada Goose on Thursday announced that it will open its second factory in Québec and eighth wholly owned manufacturing facility in Canada, a testament to its continued commitment to keep production of its core down-filled jackets in Canada.
SportChek’s Comps Climb 2.5 Percent In Q4
Canadian Tire Corp. reported SportChek’s comps were up 2.5 percent in the fourth quarter and 2.0 percent for the full year
Yeti Closes 2018 With ‘Significant Momentum’
One month ago at the ICR Conference in Orlando, FL, the top executives at Yeti Holdings Inc. laid out some ambitious financial goals for 2019 and beyond. And Yeti’s Q4 performance proved it is on the right path. The Austin, TX-based company’s net sales grew 19 percent to $241.2 million and adjusted net income skyrocketed 379 percent to $32 million, or 38 cents per diluted share, both of which beat analysts’ estimates.
Asics Appoints Koichiro Kodama To Head Asics America
Asics announced that Koichiro Kodama will replace Gene McCarthy as president and CEO of the Asics America Group segment.
Asics’ Operating Earnings Tumble On Americas Weakness
Asics reported operating income slumped 46.3 percent in 2018 on a 3.4 percent decline in sales. Results were impacted by a sharp decline in sales in the Americas region.
Yeti Holdings Q4 Profits Jump
Yeti Holdings Inc. reported a sharp jump in net earnings in the fourth quarter as revenues climbed 19 percent. The company expects sales to climb between 11.5 percent and 13 percent in 2019.
Emerald Expositions Posts Q4 Loss On Impairment Charges
Emerald Expositions, the parent of the Outdoor Retailer trade show, reported a net loss of $90 million in the fourth quarter as it took $104.3 in impairment charge related to certain trade names and customer-related intangible assets.
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