Garmin Ltd. on Thursday announced that a family trust, of which Min H. Kao, the company’s co-founder and executive chairman, is a co-trustee, has established a pre-arranged trading plan to sell a portion of the trust’s shares in the company over a designated period.
Author: SGB Media
SFIA Announces Six Start-Up Challenge Finalists For 2018 Competition
Six finalists have been selected by the Sports & Fitness Industry Association (SFIA) to present their start-up company at the 2018 SFIA Start-Up Challenge. Due to the interest and quality of this year’s applicant pool, SFIA has expanded the competition to recognize six, rather than five, finalists.
Duluth Holdings Launches New E-Commerce Platform
Duluth Holdings Inc., dba, Duluth Trading Co., a lifestyle brand of men’s and women’s casual wear, workwear and accessories, has implemented a new e-commerce platform aimed to enhance customers’ digital shopping experience.
5.11 Opens Retail Store In St. Louis, MO
Tactical apparel and gear maker 5.11 has opened a brick-and-mortar retail store in St. Louis, MO, the brand’s 39th U.S. retail store opening and 30th store opening in the past 18 months. St. Louis provides another building block to 5.11’s 2018 retail expansion goal of 50 company-owned retail stores.
Adidas Q2 Earnings Top Estimates On China And U.S. Growth
Powered by double-digit growth in China and the Americas, Adidas reported second-quarter earnings topped analyst expectations and confirmed the company’s outlook for the year. Reebok’s sales were again down and a charge was taken against the brand due to an accounting correction.
Vista Outdoor Lifts Earnings Guidance On Transformation Efforts
Vista Outdoor raised the company’s earnings outlook after reporting second-quarter earnings topped expectations as efforts to grow profitability start to pay off. The company’s sales guidance was lowered for the year due to continued tough conditions in shooting sports.
Canadian Tire’s Q2 Sales Miss Plan
Canadian Tire’s sales came in lower than expected in the second quarter due to a cold April. FGL Sports, the parent of Sport Chek, saw comps decline 3 percent.
Shoe Carnival Makes Donations To 350 Philadelphia Schools
In continuation of a partnership between Shoe Carnival and Philadelphia school districts, 10 percent of total purchases at select participating Shoe Carnival locations will go back to the shopper’s school of choice upon checkout.
Adidas To Sponsor Thomas University
Adidas has struck a deal to partner with Thomas University, based in Thomasville, GA, for the next three years.
Benchmade Hires Vice President Of Sales And Marketing
Benchmade Knife Company, manufacturer of premium sports cutlery for 31 years, announced the addition of Mike Ulwelling as the company’s new vice president of marketing & sales.
Canada Goose Sees Q1 Revenues Climb 59 Percent
Canada Goose Inc., as expected, reported a loss in the first quarter ended June 30, but sales grew 58.5 percent.
Camping World Agrees To Acquire Holiday Hour RV In Illinois
Camping World Holdings Inc. announced that the company has signed an agreement to acquire Holiday Hour RV located in the greater DeKalb, IL, area.
Outdoor Edge Appoints Three New Managers
David Bloch, president and founder of Outdoor Edge, announced today that the company has added three new employees to the company’s staff. Kirk Nichols has joined the company as export sales manager, Michael Egan has joined as the hardware sales manager and Jonathan Stahlman has come aboard as the key account sales manager.
Zumiez Raises Q2 Guidance On Strong July Sales
Zumiez Inc. announced that total net sales for the four-week period ended August 4 increased 23 percent to $83 million, compared to $67.5 million for the four-week period ended July 29, 2017.
Sequential Brands Group Hits Q2 Income Target, Beats On Revenue
Sequential Brands Group Inc. reported net income for the second quarter ended June 30 of $7.2 million, or 11 cents per diluted share. Under the company’s previous ASC 605 revenue reporting standard, however, non-GAAP net income for the second quarter 2018 would have been $7.8 million or 12 cents per diluted share, flat compared to second quarter 2017 but hitting the Wall Street target.
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