VF Corp. reported earnings 62 percent on an adjusted basis in the first quarter ended June 30, to 43 cents a share, well above Wall Street’s consensus estimate of 33 cents. Sales grew 23 percent on a reported basis and were up 21 percent in constant dollars Currency-neutral sales jumped 32 percent at Vans and 5 percent at The North Face.
Author: sportsoneauthor
Study: Air Pollution Impacting U.S. National Park Visitation
More than 300 million visitors travel to U.S. national parks every year to experience America’s iconic landscapes. But poor air quality in parks may negatively affect visitation, according to a study published in Science Advances by researchers from Iowa State University and Cornell University.
L.L.Bean Celebrates Grand Opening In New Haven
L.L.Bean announced the grand opening of the company’s newest retail store at The Shops at Yale in the Broadway District of New Haven.
Skechers Q2 Earnings Slump 24 Percent
Skechers USA Inc. reported earnings sunk 23.9 percent in the second quarter ended June 30, to $45.3 million, or 29 cents a share, falling short of the company’s guidance. Sales rose 10.6 percent to $1.13 billion.
CamelBak Appoints Greg Williamson As President
CamelBak has appointed Greg Williamson as president of the company, effective July 16. Williamson has experience in consumer products and large global brands, specifically in strategy and product development, channel marketing and brand building and international markets.
Sports Direct Burned By Outside Investments
While underlying earnings are benefiting from its “Elevation” efforts to upgrade its stores, Sports Direct reported that its U.S. business, consisting of Bob’s Stores and Eastern Mountain Sports, showed loss in its fiscal year ended April 29 and a number of other investments aren’t paying off.
Adidas Downgraded On Heightened Competition
Wells Fargo Securities downgraded shares of Adidas due to renewed growth in North America at Nike, continuing explosive growth at Vans and some lackluster results from the launch of new Adidas platforms.
La Sportiva Appoints Director Of Sales
La Sportiva announced the hiring of Wes Green as director of sales. Replacing long time sales leader Mark Day, who has retired, Green joins the brand from Big Agnes.
Hoka, Sanuk And Teva Announce Partnership With Camber Outdoors
Hoka One One, Sanuk and Teva , divisions of Deckers Brands, announced they recently joined Camber Outdoors as corporate partners.
Speedo USA Signs Caeleb Dressel
Speedo USA, a division of PVH Corp., announced that two-time Olympic gold medalist, seven-time FINA World Championships gold medalist and competitive swimming phenom Caeleb Dressel has joined Team Speedo USA, marking his first endorsement since becoming a professional swimmer earlier this year.
Allbirds Appoints Erick Haskell President Of International
Allbirds, the San Francisco-based shoe brand focused on sustainable materials, announced that Erick Haskell has joined as president of international. He was managing director of Asia Pacific at Under Armour.
Alterra Appoints Kat Jobanputra To SVP Of Retail & Rental
Alterra Mountain Co. has appointed Kat Jobanputra to the position of senior vice president of retail/rental. Jobanputra has more than 30 years of experience in the resort retail/rental industry.
Yaktrax Opens Application for 2018-19 Ambassador Team
Yaktrax, the snow and ice traction brand, has opened the application portal for the company’s 2018-19 influencer team, #YakPak. Team members will represent Yaktrax as brand ambassadors to help grow awareness and create meaningful content for the brand from October 2018 through March 2019.
Thule Posts Double-Digit Increase In Q2 Earnings, Revenue
Thule Group AB reported first-quarter earnings improved 10.7 percent to SEK 385 million as revenue increased 10.2 percent to SEK 2.2 billion.
EMS/Bob’s Logs Loss For Sports Direct In Fiscal 2018
Sports Direct Inc. said Bob’s Stores and Eastern Mountain Sports, acquired in bankruptcy proceedings in May 2017, showed £9.2 million ($11.9 mm) in trading losses in the company’s fiscal year ended April 29.
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal