Although earnings just missed Wall Street’s quarterly profit targets, officials assured investors that its guidance for the full year remained in line with plans.
Category: Apparel
Big 5 Fights Off Liquidation Pressures in Q2
Big 5 Sporting Goods reported earnings fell 19.2 percent in the second quarter due to the impact of liquidation sales by Sports Authority and Sport Chalet but they still came in ahead of internal expectations.
Lenzing to Spend €100M Expanding Capacity
The Lenzing Group said it will invest more than €100 million over the next 20 months to expand production capacities for its wood-based specialty fibers, which are used by many outdoor and athletic apparel brands.
HanesBrands Q2 Revenues Slip
HanesBrands, the parent of Champion, reported that consistent with the company’s expectations, net sales in the second quarter decreased 3 percent to $1.47 billion.
Big 5’s Q2 Earnings Drop
Big 5 Sporting Goods Corp. reported earnings slid 19.2 percent in the second quarter as same-store sales declined 1.7 percent.
Bogs Sales Plummet in Second Quarter
Weyco Group Inc. (Nasdaq:WEYS) reported that net sales of its once high-flying Bogs footwear brand plummeted 47 percent in the second quarter and it expects the brand’s sales to be down 25 percent this year.
Cocona Partners with Point6 on Sock Line
Point6 and Cocona announced an exclusive partnership for wool socks utilizing Cocona’s 37.5 technology.
Academy Sports Donates 5,000 Backpacks to Boys & Girls Clubs of Greater Houston
Academy Sports + Outdoors donated 5,000 total backpacks stuffed with essential school supplies to all 13 Boys & Girls Clubs across the Greater Houston area.
Nearsourcing Hits Black Diamond’s Margins Again
Black Diamond’s decision to repatriate manufacturing of carabiners, cams and other climbing hardgoods from China to Salt Lake City is costing it dearly.
Nike and Under Armour Release Dueling Apps
Nike has released its Nike+ app, which gives athletes access to Nike’s signature services.
Sustainable Down Source Gives Back
SDS works with three initiatives to make a difference.
Nathan Signs Elite Ultrarunners
Nathan, a leader in running essentials, expanded its athlete team with four elite ultrarunners.
Amer Sports Bolsters Americas Marketing Team
Amer Sports, which owns the Salomon, Atomic and Suunto outdoor brands, bolstered its marketing team in the Americas with two hires and new assignment for four others.
Patagonia Implementing New Wool Standard
Patagonia released details of a proprietary standard for sourcing wool that it said exceeds some aspects of the Responsible Wool Standard released at the Outdoor Show in Germany last month.
Black Diamond Adjusted Loss Up Slightly in Q2
Black Diamond Inc. reported adjusted net loss from continuing operations rose 13.6 percent in the second quarter on flattish currency-neutral (c-n) growth.
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