Adidas AG reported revenue growth accelerated in the fourth quarter, led by China and North America, prompting the company to upgrade its profitability target for 2020.
Author: SGB Media
VF Corp. To Acquire Altra
VF Corp. signed a definitive purchase agreement to acquire the Altra footwear brand from Icon Health & Fitness, Inc.
GU Energy Labs Gels Are Now “Made by the Sun” At Berkeley Headquarters
GU Energy Labs will now offset over 95 percent of its energy needs at its headquarters
Dick’s Hopes Healthier Margin Outlook Offsets Top-Line Challenges
Dick’s Sporting Goods said on its fourth-quarter conference call that it’s facing top-line challenges in the hunt and fitness tracker categories as well as the Under Armour brand overall. But stronger product innovation from select key partners and the continued expansion of its private brands are expected to result in less margin pressure in 2018 than previously expected.
Adidas Initiates Multi-Year Stock Buyback Program
With the approval of the Supervisory Board, the Executive Board of Adidas AG has decided to launch a multi-year share buyback program of up to €3.0 billion ($3.7 bn) in total until May 11, 2021.
Camping World’ Updates Q4 Results
Camping World Holdings Inc. updated its fourth-quarter results to reflect the benefit of a deferred tax asset.
Caleres Sees Robust Q4 Earnings Gains
Caleres Inc. reported healthy gains in earnings in the fourth quarter as Famous Footwear’s comps grew 2.8 percent and sales in its Branded Portfolio gained 13.8 percent.
Clarus Sees Double-Digit Growth For Black Diamond Equipment
Sales for the Black Diamond Brand grew 11 percent, led by a 24 percent gain in the Ski category and 21 percent in the Climb Black category. Unseasonally dry weather in the Western U.S. restrained growth in apparel.
CamelBak Pursuit Series Announces New Partnerships
Partners include Igloo Coolers, Marmot , Leki, Northeast Off-Road Adventures, Mountain Travel Sobek, Küat Racksm, MPOWERD, Mountain House and Tito’s Handmade Vodka.
Tilly’s Q4 Derailed By E-Com Snafu
Tilly’s Inc. reported earnings that came in at the low end of projections and same-store sales that missed guidance as online sales were disrupted by a system upgrade. Management remained bullish on continued improvement in 2018.
Lifestraw Milestone
Lifestraw reached a milestone last week. ONE MILLION SCHOOLCHILDREN have safe drinking water through its safe
water retail program.
Outdoor Voices Secures More Funding
Outdoor Voices, the women’s fitness apparel startup, has raised $34 million in a series C round, according to a regulatory filing.
Powerade Relaunches Platform For March Madness
The new campaign, “That’s Some Kind of Power,” will debut during the First Four March Madness games.
2nd Chance Sports Appoints Anthony Sica As President
2nd Chance Sports, a non-profit organization that donates gently used and new sporting equipment to children in need throughout the New York City area, has appointed Anthony Sica as president.
Fitbit Launches Fitbit For Kids
Fitbit introduced Fitbit Ace, an activity tracker that makes fitness fun for kids while inspiring the entire family to build healthy habits together and help fight decreasing levels of activity in children.
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