Chinese Investor Consortium Reaches Agreement To Acquire Amer Sports

A consortium led by China’s Anta Sports made an offer to acquire Finland’s Amer Sports in a deal that values the company at €4.6 billion (US$5.23 billion) and Amer’s board is recommending shareholders approve the offer. The consortium plans to operate Amer Sports independently from Anta, with a separate board of directors.

Aisle Talk Week Of December 3

Top headlines from the active lifestyle industry you may have missed this week, including big news from trade show owner Emerald Expositions, which canceled Interbike (pictured) for 2019 and also shortened Outdoor Retailer Summer Market and Winter Market from four days to three days.

Johnson Outdoors Sees Record Annual Results

Johnson Outdoors announced all-time high revenue and earnings for the second consecutive fiscal year. Strong marketplace demand for new products in the company’s core Fishing and Diving brands propelled an 11 percent increase in sales as operating profit grew 38 percent and net income rose 16 percent over the prior fiscal year. The seasonally slow fourth quarter net sales nearly equaled prior year results.

Vail Resorts Season Pass Sales Ahead Double-Digits

Vail Resorts widened its loss in the first quarter but noted that season pass sales through December 2, 2018 for the upcoming 2018/2019 North American ski season increased approximately 21 percent in units and 13 percent in sales dollars.

Strong Back-To-School Period Drives Zumiez Comps In Q3

Zumiez Inc. on Thursday reported total net sales for the third quarter ended November 3 (13 weeks) increased 1.2 percent to $248.8 million from $245.8 million in the quarter ended October 28, 2017 (13 weeks). Comparable sales for the 13 weeks ended November 3 increased 4.8 percent compared to a comparable sales increase of 7.9 percent for the 13 weeks ended October 28, 2017.