$40 Million Miss
On sales guidance at sportswear maker G-III due almost entirely to a drop in wholesale outerwear orders, reflecting retailers’ hesitancy to stock up after last year’s warm winter throughout much of the country.
$74 Million
Total purchase price Vista Outdoor Inc. will pay to acquire outdoor-cooking solutions brand Camp Chef, including $60 million in cash, and the potential for $14 million more in compensation bonuses if key management members remain.
1.1 Percent Slip
In same-store sales at Famous Footwear for its latest quarter, as more consumers delayed their back-to-school purchases closer to school-starting dates. Despite the the drop, officials said the retailer saw continued growth in lifestyle athletic and sport-influence product.
20 Percent Increase
In gross margins for Lululemon, highlighting its second-quarter results and demonstrating the brand’s ability to deliver on supply chain savings and hold prices in an increasingly competitive athleisure market.
30 Percent Drop
In Genesco’s stock price September 1, after officials lowered the company’s earnings-per-share guidance to a range of $3.80 to $4.00, versus a prior forecast between $4.80 to $4.90. Officials blamed the decline on fast-changing consumer fashion demands.
111.9 Percent Jump
In stand-up paddling participation, making it the fastest growing sport in America, according to the 2016 SFIA State of the Industry Report. Adventure racing (up 77 percent) and mixed martial arts (up 72.3 percent), rounded out the top-three big gainers. Others winners included triathlon (non-traditional/off road), rugby, bicycling (BMX), boxing for competition, trail running, triathlon (traditional/road) and roller hockey.
25 New Stores Per Year
Planned for Salomon and Arc’teryx in North America and China as parent company Amer Sports accelerates its expansion plans. Softgoods are expected to represent 75 percent of Salomon sales in 2016 compared with 50 percent in 2009, and Arc’teryx sales are on track to grow to five-times that of 2009.
60 Days
Extension granted by creditors to Performance Sports Group to file its annual 10K financial report, avoiding a potential default for the parent company to Bauer, Mission and Easton. The new deadline to file is October 28, 2016.
