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.
Author: SGB Media
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.
Vista Outdoor Lifts EPS Guidance On Cost-Reduction Initiatives
Vista Outdoor Inc. slightly raised its earnings guidance on an adjusted basis for the year as expectations for sales and earnings exceeded plans in the second quarter ended September 30. Shooting Sports segment generated sequential sales growth, while Outdoor Products segment sales remained flat adjusted for the sale of its eyewear brands.
HanesBrands Takes Charge For Sears Bankruptcy
HanesBrands, the parent of Champion, took a bad-debt reserve charge of $14 million related to the bankruptcy filing of Sears Holdings Corporation. As a result, GAAP operating profit of $257 million declined 1 percent and GAAP diluted earnings per share were 47 cents per share. HanesBrands lowered its EPS guidance for the year.
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