Columbia Sportswear reported earnings excluding a massive tax charge and restructuring costs rose 9.2 percent on an 8 percent revenue gain. U.S. net sales increased 8 percent to $492.6 million, reflecting growth in DTC and benefits from a shift in the timing of shipments of Fall 2017 advance wholesale orders from the third quarter to the fourth quarter.
Author: sportsoneauthor
Crosman Announces New Director Of Sales For LaserMax Products
Crosman Corporation announced that Kurt Worden has joined the company as director of sales for LaserMax Products.
KT Tape Signs Rising Soccer Star Rose Lavelle
KT Tape, category leader in kinesiology taping products, announced the signing of soccer player Rose Lavelle as an athlete ambassador.
NRF Forecasts Retail Sales Will Increase Between 3.8 and 4.4 Percent In 2018
The National Retail Federation released its 2018 economic forecast, projecting that retail industry sales will grow between 3.8 and 4.4 percent over 2017. Online and other non-store sales, which are included in the overall number, are expected to increase between 10 and 12 percent.
Vista Outdoor’s Q3 Hamstrung By Weak Hunt Business
On a conference call with analysts, Christopher Metz, Vista Outdoor’s CEO since October, said the company made progress in the third quarter generating cash, reducing inventories and driving down costs, but continued weakness in its Shooting Sports continues to erode earnings.
Mizuno’s America’s Q3 Sales Dip 9.3 Percent
Mizuno Corp. reported sales in Americas continued to decline in the third quarter and nine months ended December 31 as the focus remains on improving profitability in the region.
Canada Goose Blasts Past Street Targets In Q3
Driven by oversized growth in its direct-to-consumer (DTC) channel and its ability to drive premium pricing, Canada Goose Holdings Inc. reported third-quarter results that easily eclipsed Wall Street’s consensus estimates.
Canada Goose Names CFO And EVP
Canada Goose Holdings Inc. announced that Jonathan Sinclair will succeed John Black as chief financial officer and executive vice president. He is expected to join the company toward the middle of the year.
Messe Friedrichshafen Establishes A New Outdoor Platform
In an internal voting process, a majority of members of the European Outdoor Group (EOG) have voted to hold the OutDoor trade show in Munich from 2019. In full independence and with support from numerous major industry players, the show organizers will be holding a new version of the trade show in Friedrichshafen from 2019.
Surf9 Appoints Brad Gruber As Footwear Division President
The addition of Gruber coincides with the launch of the Body Glove Footwear Lifestyle Collection, an all-new line of high quality casual shoes for men and women.
L.L. Bean To Tap Blockchain Technology To Help Track Its Products
L.L. Bean says it will start sewing in sensors inside its products to track how customers use the items in a pilot test, according to the Wall Street Journal. This information would be fed into a blockchain and then anonymized for later use.
TRX Hires VP International
TRX, the developer of functional training equipment, education and technology, announced Olivier Ciaravino as vice president, international.
Peloton To Live-Stream From PyeongChang
NBC Olympics and Peloton, the in-home fitness and technology company, are live streaming indoor cycling classes from NBC Olympics’ broadcast studio in PyeongChang, South Korea, during the XXIII Olympic Winter Games.
Alterra Mountain Appoints CEO
Alterra Mountain Company, the owners of Steamboat, Deer Valley, Mammoth Mountain, Squaw Valley and several other resorts, announced the appointment of Rusty Gregory as chief executive officer.
The Buckle’s Comps Inch Up 0.2 Percent In January
The Buckle, Inc. announced that comparable store net sales, for stores open at least one year, for the 5-week period ended February 3, 2018 increased 0.2 percent from comparable store net sales for the 5-week period ended February 4, 2017.
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