Reebok appointed Deutsch as its new global creative agency of record.
Author: SGB Media
Vista Outdoor Cuts Guidance Amid Continued Headwinds
Shares of Vista Outdoor fell $1.58, or 15 percent, to $8.99 on Thursday after the company earlier in the day cut guidance on its third-quarter report of a 20 percent revenue decrease and a $514.6 million loss on a goodwill write-down. The company reported sales of $468 million, shy of Wall Street’s consensus target of $505 million.
New Wave Group’s Q4 Sales Expand 19 Percent
New Wave Group AB, the Swedish-based owner of Craft, Cutter & Buck and a number of other sports brands, reported sales amounted to SEK 1,94 billion in the fourth quarter against SEK 1.63 billion, a gain of 19 percent year over year.
Sears Sale To Chairman Eddie Lampert Earns Court Approval
Sears Chairman Eddie Lampert’s $5.2 billion bid to buy the retailer’s assets and keep the chain alive was approved Thursday afternoon by U.S. Bankruptcy Judge Robert Drain in White Plains, N.Y., according to reports.
The Buckle Sees Dip In January Comps
The Buckle Inc. announced that comparable store net sales, for stores open at least one year, for the 4-week period ended February 2, 2019 decreased 2.2 percent in January.
Skechers Tops Q4 Targets On Robust International Growth
Skechers USA, Inc. reported earnings on an adjusted basis grew 42.3 percent, easily topping Wall Street’s targets, as sales advanced 11.4 percent. The gains were fueled by double-digit sales increases in each of its international businesses with single digit sales increases achieved in both its domestic wholesale and retail businesses.
The Evans Group Launches Outdoor Sporting Goods Online Resource
The Evans Group – an award-winning sales force team of top outdoor sporting, shooting and hunting goods – announced the launch of theevansgroup.net that will serve as an innovative resource to better connect the top manufacturers and quality dealers in the hunting, outdoor, shooting and law enforcement industries throughout North America. “For more than 28 years, The Evans […]
Columbia Sportswear Beats Estimates On Record Q4, Full Year 2018
Columbia Sportswear Co. on Thursday announced net sales of $917.6 million for the fourth quarter of 2018, an increase of 18 percent (19 percent constant-currency), compared with net sales of $776 million for fourth quarter 2017 and ahead of Wall Street estimates by $69.6 million.
Callaway Golf Teeing Up Jack Wolfskin Strategy
Solid performance across Callaway Golf Co.’s core golf business led to impressive revenue growth in 2018, and now the company is banking on a new division—Jack Wolfskin, which Callaway just acquired—to become an integral asset. For the full year of 2018, Callaway’s net sales increased $194 million, or 19 percent, to $1.2 billion, reflecting increases in each of the company’s operating segments and in each reporting region.
Ikon Pass Renews Partnership With Protect Our Winters
Ikon Pass is renewing its partnership with Protect Our Winters (POW) through a Summit Level donation. The 25,000 donation aims to support industry-led programs that unite and mobilize the global snow sports community against climate change and enhance education, advocacy and community-based activism.
Foot Locker Announces $100M Strategic Investment In GOAT Group
Foot Locker Inc. announced that it is making a $100 million strategic minority investment through its subsidiary in 1661, Inc., d/b/a GOAT, a managed marketplace for authentic sneakers operating the GOAT and Flight Club brands.
Amer Sports Delivers 5 Percent Organic Growth In Q4
Amer Sports reported a slight decline in earnings in the fourth quarter. Sales grew 10 percent overall on a currency-neutral basis and 5 percent on an organic basis. Growth was strongest in Apparel, up 41 percent and D2C, ahead 23 percent. Regionally, revenues increased 16 percent in China and 10 percent in the U.S.
Shopko To Close 251 Locations
Shopko, which filed for bankruptcy last month, said it will close 251 stores, or 70 percent of its overall store base.
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.
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