Top headlines from the active lifestyle industry you may have missed this week, including the outlook for U.S. apparel and footwear manufacturers being changed to positive from stable, according to Moody’s Investors. The agency cited the progress of companies like VF Corp. (pictured) in the report.
Author: SGB Media
Moody’s Lifts Outlook For US Apparel And Footwear Industry
The outlook for US apparel and footwear manufacturers has been changed to positive from stable, Moody’s Investors said in a new report. After two challenging years, earnings growth is accelerating beyond the rating agency’s previous expectations and is expected to remain robust over the next 12 to 18 months. The agency cited the progress of Nike, Inc., PVH Corp. and VF Corp.
Newell Brands Lifts Outlook On Q3 Beat
Newell Brands raised its guidance after reporting third-quarter earnings that exceeded Wall Street’s targets excluding a goodwill impairment charge. Sales in the Home & Outdoor Living segment slid in part due to lost distribution for Coleman at a key U.S. retailer.
Cherokee Appoints Evan Hengel To Board
Cherokee Global Brands appointed Evan Hengel to the company’s board of directors. Hengel will serve as a director of the company effective immediately.
Surfrider Foundation Launches ‘United States And Oceans of America’
The Surfrider Foundation, a nonprofit organization dedicated to the protection of clean water and healthy beaches, launched its nationwide United States and Oceans of America (USOA) campaign to rally Americans to join the bipartisan fight to protect our oceans and coasts for the future.
L.L.Bean To Expand Presence In Canada
L.L.Bean announced its first-ever entrée into the Canadian wholesale and brick and mortar retail market this fall with an exclusive agreement with Jaytex Group to distribute a broad assortment of L.L.Bean products. Jaytex Group, a 40-year old company, is a Canadian distributor of high-quality brand name outerwear and apparel.
Oros Closes $5 Million Funding Round
Oros, a digitally native performance apparel brand based in Cincinnati, OH, has secured a $5 million financing round.
GoPro’s Sales Improve 1 Percent Sequentially
GoPro Inc. posted a net loss in the third quarter ended September 30 with sales declining 13 percent year-over-year. But sales were up 1 percent sequentially and both the loss and revenues were slightly better than Wall Street’s targets.
Canada Goose Steps Into Footwear With Acquisition of Baffin
Canada Goose Holdings Inc. on Thursday afternoon announced that it has acquired Baffin Inc., a Canadian designer and manufacturer of performance outdoor and industrial footwear, for C$32.5 million (US$24.8 million).
Granite Gear Grounds Keepers Removed Over 3,400 Pounds Of Trash From Trails and Parks
This year, with the collective goal in mind to leave our wild places better, the Granite Gear Grounds Keepers removed 3,400 pounds of trash from long trails, section hikes and parks around the country.
Emerald Expositions Grows Revenue & Income In Q3
Emerald Expositions Events Inc., which owns and operates the Outdoor Retailer shows, on Thursday reported financial results for the third quarter ended September 30, 2018.
Emerald Expositions Announces Resignation of President and CEO, David Loechner
Emerald Expositions Events Inc., which owns and operates the Outdoor Retailer shows, on Thursday announced that, with the agreement of the company’s board of directors, David Loechner has resigned his position as president and CEO and as a member of the board, effective as of the close of business on November 8.
Duluth Holdings Announces Opening of 44th Store in Oklahoma City
Duluth Holdings Inc. (dba, Duluth Trading Company), a lifestyle brand of men’s and women’s casual wear, workwear and accessories, on Thursday announced the grand opening of its 44th store in Oklahoma City, OK.
Vibram To Offer Resoling At Outdoor Retailer Winter Market
Vibram on Thursday announced that the Vibram Sole Factor Mobile Lab will be resoling shoes on the tradeshow floor during the Outdoor Retailer Winter Market in Denver, CO, November 8-11.
Gildan Activewear Impacted By Hurricane Florence In Q3
Gildan Activewear said sales grew 5.3 percent in the third quarter despite Hurricane Florence limiting shipments during September. Earnings were up 7.5 percent, in line with Wall Street’s targets.
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