Wolverine Worldwide reported adjusted earnings rose 35 percent in the first quarter to 50 cents a share, exceeding Wall Street’s consensus estimate of 37 cents a share. Underlying revenue inched up 0.3 percent on a currency-neutral basis as Merrell, Sperry and international exceeded expectations.
Author: SGB Media
Asics’ Q1 Earnings Drop On Weakness In The Americas And Japan
Asics reported net earnings fell 43.2 percent in the first quarter ended March 31. Sales were off 7.4 percent and down 9.4 percent on a currency-neutral basis.
Gander Outdoors Opens In Appleton And Fort Worth
Gander Outdoors, formerly known as Gander Mountain, set grand opening celebrations for re-opened stores in Appleton, WI and Fort Worth, TX.
Apex Outdoor Sales To Represent Oboz In South Central States
Oboz Footwear announced that Apex Outdoor Sales, led by Vanessa Downey, will represent Oboz in the south-central states of Texas, Arkansas, Louisiana, Oklahoma and Kansas.
Despite Delays, Gander Outdoors Openings Off To Solid Start
Camping World Inc. remains “very encouraged” with the initial performance of the company’s re-opened Gander Outdoors locations, although officials admitted that some stores are opening later than initially planned because of the complexities involved in re-opening so many stores.
Sturm, Ruger & Co. Beats On Q1 Income, Revenue
Sturm, Ruger & Co. Inc. reported first-quarter earnings of $14.3 million, or 81 cents per share, on revenue of $131.2 million, which topped analysts’ expectations by 1 cent per share and $3.7 million, respectively.
Adidas Signs Eastern Kentucky University
Eastern Kentucky University athletics and Adidas announced a new multi-year partnership. Adidas becomes the official athletic footwear, apparel and accessory brand of the Colonels.
TSC Apparel Acquires Thinc Actionwear
TSC Apparel has purchased Portland, OR-based Thinc Actionwear.
Balega Revamps Website
With new digital tools and resources, the new site helps tell the colorful Balega brand story, raises awareness about the work that Balega is doing in communities, and enhances the consumer’s shopping experience.
Five More Senior Managers Exit Nike
Five more senior managers at Nike Inc., Steve Lesnard, Helen Kim, Simon Pestridge, Tommy Kain and Ibrahem Hasan, have left the company, according to a report in the New York Times. The exits follow an internal investigation into workplace behavior that has led to several other executive departures.
NSAA Awards 7 Ski Resorts With Marketing Honors
The National Ski Areas Association (NSAA) awarded seven ski areas top honors for their 2017-18 marketing programs. NSAA announced the winners at the company’s national convention and trade show last week in Marco Island, FL.
Nautilus Bangs Out 14 Percent Gain In Retail Sales In Q1
Nautilus Inc. reported sales in the company’s Retail segment climbed 13.7 percent in the first quarter to $43 million, driven by a number of categories in both the mass retail and specialty fitness space. Retail sell-throughs were driven by the Bowflex Results line of cardio products, most notably the treadmill lineup.
Fanatics Opens Germany Office
The new office in Hamburg is designed to create a significantly enhanced merchandise offering for leagues, teams, fans and retailers throughout Central Europe.
Delta Apparel Q2 Boosted By Salt Life, DTG2Go
Fighting off higher raw material prices, Delta Apparel saw both sales and earnings increase year-over-year after adjusting for last year’s sale of Junkfood Clothing. Sales were boosted by the acquisition of DTG2Go and a 7 percent gain at Salt Life that offset a slight decline at Soffe.
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