Powered by healthy momentum for the Journeys chain, Genesco Inc.’s earnings before non-recurring items rose 18.8 percent in the fourth quarter. The company was also aided by a better-than-expected performance by the recently-sold Lids Sports Group in its last quarter with the company.
Author: SGB Media
Dorel Sports’ Q4 Sales Slip
Dorel Industries Inc. reported fourth quarter revenue in its Dorel Sports segment declined 1.7 percent, to $232.7 million from $236.8 million last year but grew by approximately 2.6 percent after excluding the negative impact of varying foreign exchange rates year-over-year and the divestments of the Sugoi and Sombrio brands in the second quarter of 2018.
Genesco Q4 Exceeds Guidance On Journeys Momentum
Genesco Inc. reported earnings excluding non-recurring items rose 18.8 percent in the fourth quarter. Comps grew 4 percent, led by a 7 percent climb at the Journeys chain.
Under Armour’s Social Compliance Program Accredited By The Fair Labor Association
The Fair Labor Association (FLA) announced that its board of directors has accredited the social compliance program of Under Armour Inc. The accreditation confirms the company has strong policies and practices in place to set goals, monitor, and remediate problems to improve conditions for the workers within its global supply chain.
Stars Come Out For National Health Through Fitness Day
Athletes in attendance at SFIA’s 20th annual National Health Through Fitness Day on Wednesday boasted one World Series, one Stanley Cup, 11 Olympic medals; one Heisman Trophy; seven Pro Bowls invites; one NBA Most Improved Player Award and 10 MLB All-Star Game appearances.
Adidas’ Supply Chain Problems Stunt North America’s Momentum
Adidas warned investors it will miss its 2019 growth target because supply chain bottlenecks in the first half of the year are making it difficult to meet demand. The growth is particularly expected to slow in North America, where it has doubled its business in the last three years to take market share from rival Nike
OC Sports Appoints New National Sales Manager
OC Sports, the headwear specialist and holder of the exclusive replica license with MLB and MiLB. promoted Brad Reagan to national sales manager following Joe Rubertino’s retirement.
Adidas, USA Volleyball Launch 2019 Adidas Volleyball Experience
Adidas, USA Volleyball and Next College Student Athlete (NCSA) announced the first-ever Adidas Volleyball Experience. The event is free and open to current high school women’s volleyball players.
Safilo’s Losses Narrow In 2018
Safilo Group S.p.A., the parent of the Smith eyewear brand, reported an improved loss on an adjusted basis in 2018 due to cost savings. Sales were down 4.0 percent on a currency-neutral basis.
The North Face To Sponsor Mountainfilm
Mountainfilm, the documentary film festival held every Memorial Day weekend in Telluride, CO, announced The North Face as its new presenting sponsor.
RECALL: Igloo Marine Elite Coolers
Igloo is voluntarily recalling some of its Marine Elite coolers. The company said it’s possible that the stainless-steel latch could, inadvertently close where a person could potentially become locked inside.
Calgary Secures Exclusive Canadian Rights To Host X Games
Calgary has secured the exclusive Canadian rights to host X Games for a minimum three-year run. Past host cities include Aspen, Shanghai, Oslo and Sydney.
CorePower Yoga To Be Sold To TSG Consumer Partners
L Catterton, the consumer-focused private equity firm, announced that it has entered into a definitive agreement to sell CorePower Yoga, the fastest growing and largest yoga fitness studio operator in the U.S., to TSG Consumer Partners.
Thru-Hike Syndicate Kicks Off Sixth Season
Vasque announced its roster of ambassadors for the Thru-Hike Syndicate’s 2019 season. The Thru-Hike Syndicate is supported by Vasque, Osprey Packs, NEMO Equipment, Leki Trekking Poles and Darn Tough Vermont.
Planet Fitness Sponsors New CBS Primetime Show, “Million Dollar Mile”
Planet Fitness Inc. announced its sponsorship of the new physical competition series, Million Dollar Mile, as The Official Workout Partner. Former NFL quarterback and Heisman Trophy winner Tim Tebow hosts with Matt “Money” Smith and ESPN reporter Maria Taylor acting as show commentators.
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