Moody’s said the combination of Boardriders and Billabong “combines the two premier companies in the global action sports apparel industry with complementary business philosophies, product offerings and geographic footprints, which could potentially drive material cost savings over time.”
Category: Apparel
Lululemon Still Bullish On North American Expansion
While hiking its guidance for the fourth quarter, Lululemon officials at the ICR Conference Monday laid out some core catalysts expected to drive its North America segment in the years ahead.
Maurice Sporting Goods Completes Sale To Middleton Partners
Maurice Sporting Goods, LLC, one of North America’s largest distributors of outdoor sporting goods, said it’s again set to pursue growth now that it completed its fully capitalized following its acquisition by Middleton Partners.
Big 5 Cuts Q4 Guidance On Weather Woes
Big 5 Sporting Goods Corp. slashed its fourth-quarter earnings guidance as “extraordinarily dry and warm weather conditions” led to a double-digit comp decline in December.
Canaccord Genuity Upgrades Hibbett Sports
Canaccord Genuity hiked its rating on Hibbett Sports to “Buy” from “Hold,” lifted its price target to $30 from $17, and increased its fiscal 2019 EPS target to $2.00 from $1.59 previously.
Kohl’s Lifts Guidance On Strong Holiday Comps
Kohl’s Corp. reported that its total and comparable sales for November and December 2017 combined increased 6.9 percent over the same period last year.
Houlihan Lokey Hires Nathan Pund
Houlihan Lokey, the investment bank, announced that Nathan Pund has joined the firm as a managing director in the Consumer, Food, & Retail (CFR) Group. He is based in Dallas, TX, and will continue his focus on the active lifestyle, outdoor, and tactical sectors.
Kinsey’s Acquires Pape’s
The Kentucky and Pennsylvania warehouses will operate independently until there is integration to one computer system.
Golf Datatech Releases Study On Amazon’s Impact On Golf Equipment and Apparel
Golf Datatech LLC released a first-of-its-kind Amazon Impact Report; a study that highlights the effect the United States’ largest online retailer is having on the golf equipment and apparel market.
Hoka One One Elite Team Adds Seven Athletes
Hoka One One, a division of Deckers Brands, continues to strengthen its elite athlete team with the addition of Olympian Cam Levins and ultrarunners Ellie Greenwood, Andrea Huser and Kris Brown. In addition, the Hoka One One New Jersey*New York Track Club has added Megan Mansy, Danielle Aragon, and Rob Napolitano to the track-focused team.
Adidas Resigns John Wall
Adidas has resigned John Wall to a five-year endorsement contract.
Genesco Sees Q4 EPS At Low End Of Guidance
Genesco Inc. reported same store sales decreased 2 percent and earnings are now expected to come in at the lower end of its recent guidance.
Delta Apparel Sees Double-Digit Gains In Q1
Delta Apparel said it expects pre-tax profitability in the fiscal 2018 first quarter, which is typically its most challenging quarter, compared to a net loss of 8 cents per diluted share in the prior year period.
Lululemon Lifts Guidance On Sales Uptick
Lululemon now expects same-store sales to climb in the high-single digits in the quarter versus mid-single digits previously. Earnings are expected in the range of $1.24 to $1.26, up from $1.18 to $1.21 under its former guidance.
Grassroots Fall Connect Show Moving To Denver
The Grassroots Outdoor Alliance will be moving its Fall 2018 buying show, Grassroots Outdoor Alliance, to Colorado Convention Center in Denver, starting in November. The first expo will take place November 4 to 7.
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