On Aug. 4, Gordon Seabury, CEO of Toad & Co., became the next OIA board chairman, replacing Jennifer Mull, Backwoods CEO. On Aug. 5, he delivered his first speech in his new role at the Industry Breakfast at ORSM15, basically detailing why the industry ro
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Fitbit Crushes 2015 Q2 Earnings Expectations
Fitbit Inc., in its first report since going public, reported earnings and sales that blew past Wall Street expectations. Profits adjusted for expenses tied to the IPO rose 179.7 percent to $51.3 million, or 21 cents a share, from $18.3 million, or 9 cent
Iconix Brand CEO Steps Down
Iconix Brand Group, Inc. reported Neil Cole is stepping down from his positions as chief executive officer, chairman and president and as a member of the board of directors. Cole has agreed to serve as a special advisor…
Zumiez July Comps Slump 7.6 Percent
Zumiez Inc. said it now expects EPS during the second quarter to be slightly below our previous announced guidance of 12 cents a share while reporting a 7.6 percent drop in July's same-store sales…
Rockport Sold to New Balance Affiliate, PE Firm
Berkshire Partners LLC, a Boston-based investment firm, together with New Balance Holding Inc., the investment arm of New Balance, completed the acquisition of The Rockport Company from the Adidas Group. As reported, the business was sold for $280 million
Bogs Q2 Sales Jump 18 Percent
Weyco Group Inc. reported sales of its Bogs footwear brand increased 18 percent in the second quarter ended June 30, to $5.2 million. The gains reflected a broadening of the brand's product line beyond boots, including expanding in women’s and
Kids Foot Locker Campaign Stars Rob Gronkowski
Kids Foot Locker debuted “Grown-ups,” a new spot featuring star tight end Rob Gronkowski. The national television campaign supports…
Brooks and Competitor Group Extend Partnership
Competitor Group, Inc. (CGI) and Brooks Running Company announced a sponsorship extension through 2020. The continued partnership, which began in 2010, designates Brooks as the official running footwear, apparel and sports bra of the Rock ‘n’
Neiman Marcus Plans IPO
Neiman Marcus filed for an initial public offering with the Securities & Exchange Commission…
Escalade Sees 15 Percent Q2 Revenue Gain
Escalade Inc. reported revenues for the second quarter of 2015 were up 15 percent over the same quarter in the prior year. Year to date revenues have increased 18 percent…
Adidas Acquires Runtastic App
Adidas AG has acquired all outstanding shares of Runtastic GmbH in a transaction that assigns an enterprise value of €220 million to the Austrian fitness app company…
Fitbit’s Q2 Earnings More than Double
Fitbit Inc., in its first report since going public, reported second-quarter revenues more than tripled to $400.4 million from $113.6 million. On an adjusted basis, earnings soared 179.7 percent…
Delta Apparel Q3 Earnings Soar
Delta Apparel, Inc. reported earnings doubled in the third quarter ended June 27, boosted by meatier gross margins, reduced expenses and improving sales trends across its businesses…
Pearl Izumi Donates Coffee Sales to Kids Running America
Pearl Izumi, the maker of ride, run and triathlon apparel and footwear, will donate $8.00 from every bag sold of their Runner’s High coffee to Kids Running America…
Deuter Announces New Ambassador Team
Deuter, the backpack brand, finalized the roster of its 2015-16 Brand Ambassador Team. The ambassadors will be sharing their travels and outdoor adventures on “The Last Mile” – Deuter’s informative and easy reading blog…
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