You are invited to the Vans International Longboarding Series May 18-20, 2018.
Author: SGB Media
Canadian Tire Sees Earnings Dip In Q1 But Sales Improve
Canadian Tire Corporation, Limited reported earnings dipped in the first quarter due to accelerated depreciation expense but consolidated same-store sales grew 5.2 percent in the quarter and retail gross margins improved. FGL’s same store sales increased 3.9 percent.
Canadian Tire Agrees To Acquire Helly Hansen
Canadian Tire Corporation Ltd (CTC). entered into an agreement to purchase Helly Hansen, the maker of sportswear and workwear based in Oslo, Norway. The purchase price was Canadian $985 million (U.S. $771 mm).
Mizuno Sees Strong Profit Turnaround In Fiscal Year
Mizuno Corp reported a strong rebound in earnings for the company’s fiscal year ended March 31 despite a revenue decline.
Bass Pro Cancels Plan For Palm Beach County Location
Bass Pro Shops has canceled plans for a store in Palm Beach County, Florida, according to the Palm Beach Post.
Mossberg Terminates Relationship With Dick’s Sporting Goods
O.F. Mossberg & Sons, Inc., the firearms manufacturer, announced the company’s decision to discontinue selling products to Dick’s Sporting Goods, and the company’s subsidiary, Field & Stream, in response to their hiring of gun control lobbyists in April.
Helinox Hires Marketing And Sales Chiefs
Helinox, the maker of lightweight collapsible furniture, announced the hiring of a VP of marketing, Azul Couzens and a VP of sales, Trudy Hutton.
Adidas Becomes Kit Sponsor For Wolverhampton
Adidas will replace Puma as the kit sponsor for the Premier League-bound Wolverhampton Wanderer team.
Recall: Specialized Bicycles With Stout Cranks
About 1,800 Specialized bicycles with Stout cranks are being recalled.
Sturm Ruger’s Shareholders Vote For Gun-Risks Report
Shareholders on Wednesday voted to require Sturm Ruger to complete a report on the reputational and financial risks posed to the company by gun violence.
Adidas Partners With Grambling State
Grambling State University Athletics and Adidas announced a multi-year partnership. Adidas will become the official athletic footwear, apparel and accessory brand of the Tigers through the 2022-2023 season.
Zumiez Sees Modest April Comp Gain
Zumiez Inc. announced that total net sales for the four-week period ended May 5, 2018 increased 3.7 percent to $58.6 million, compared to $56.5 million for the four-week period ended April 29, 2017.
Gaiam, And1 And Avia Gaining Traction For Sequential Brands In Q1
Sequential Brands reported a loss on flattish sales in the first quarter, but results were slightly above expectations and the company’s three key active brands, Gaiam, And1 and Avia, are all seeing momentum at retail. Revo, the sunglass brand, was divested during the quarter.
Europe Boosts Safilo Group’s Q1 Revenue
Safilo Group S.p.A. reported first-quarter gross profit reached €127.5 million, up 9.1 percent compared to €116.8 million in the first quarter of 2017.
Sequential Brands Shows Q1 Loss
Sequential Brands Group, the parent of Gaiam, And1 and Avia, reported a net loss of $2.3 million, or 4 cents, in the first quarter.
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