NRF President and CEO Matthew Shay said, “Tariffs are an unacceptable gamble with the U.S. economy and the stakes continue to rise with no end in sight.”
Author: SGB Media
Charlesbank Capital Acquires Rockport; Gregg Ribatt Becomes CEO
Charlesbank Capital Partners announced that the group has acquired the assets of The Rockport Group in bankruptcy proceedings.
Audax Private Equity Acquires Revolution Dancewear
Audax Private Equity partnered with management to acquire Revolution Dancewear, a leading global supplier of dance recital costumes, competition costumes, footwear and dancewear.
Wahoo Fitness Finds investor
Norwest Equity Partners (NEP) has made a significant investment in Wahoo Fitness, a technology-focused fitness company that specializes in smart training products such as indoor bike trainers, GPS bike computers, apps and sensors for cyclists, runners and fitness enthusiasts.
SFIA Announces 2018 Future Industry Leaders Scholars
Winners include Jordan Buchsbaum (sports marketing manager, Under Armour), Doug Buser (senior director of marketing & business development, Volt Athletics), Ben Connery (director of specialty sports, BSN Sports), Michael Lysaught (strategic account manager, SKLZ), Karen Menez (director of communications, Asics America) and Gabe Nagelkirk (senior product manager, Xenith).
Mitre Replaces Nike As FA Cup Ball Supplier
The English Football Association has entered into a partnership with British football equipment manufacturer Mitre. Mitre replaces Nike.
Acushnet’s Raises Revenue Outlook As Growth Accelerates In Q2
Acushnet Holdings Corp., the parent of Titleist and Footjoy, lifted revenue guidance for the year after reporting a return to double-digit growth in the second quarter.
Callaway Golf Hikes Outlook On Above-Plan Q2
Callaway Golf Company lifted guidance for the year after reporting second-quarter results came in well above expectations.
GoPro Sells 30 Millionth Camera, Tops Estimates In Q2
GoPro Inc. reported a loss of $20.8 million, or 15 cents per share, for the second quarter ended June 30, compared to a loss of $12.9 million, or 9 cents per share, in the same period a year ago. The net loss beat Wall Street estimates by 7 cents.
Leonardo DiCaprio Invests In Sustainable Footwear Brand Allbirds
Allbirds announced that that Academy Award-winning actor and environmental activist Leonardo DiCaprio has become the company’s latest investor.
Respect Your Universe Opens First U.S. Store
RYU Apparel Inc., creator of urban athletic apparel, announced the opening of the company’s first U.S. retail store and the debut of ‘Your Universe’ campaign.
Unifi Seeing Some Benefits From Pricing Adjustments
Unifi Inc.’s adjusted earnings declined in the fourth quarter ended June 24 due to spiking crude oil prices. But the recycled fiber specialist saw healthy top-line growth and gross profit and operating income for the fourth quarter improved compared to the third quarter with the help of pricing adjustments.
Unifi Elects Board Member
Unifi Inc. announced the election of Eva Zlotnicka to the Board of Directors.
Fox Factory Raises Fiscal Guidance After Solid Q2
Fox Factory Holding Corp. on Thursday reported adjusted net income of $21.9 million, or earnings of 56 cents per diluted share, compared to $15 million, or 39 cents earnings per diluted share in the same period last fiscal year. The company reported that sales increased 29.8 percent to $156.8 million from $120.8 million in the same period last fiscal year
Olin Corp Posts Profit Against Loss
Olin Corp, the parent of Winchester, reported second quarter 2018 reported net income was $58.6 million, or 35 cents per share, which compares to the second quarter 2017 net loss of $5.9 million, or 4 cents, a year ago.
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