Deckers Outdoor said it is no longer actively pursuing a sale of the entire company while reporting second-quarter results that came in well ahead of guidance.
Category: Apparel
Columbia Sees U.S. Wholesale Returning To Growth First Half Of 2018
Columbia Sportswear’s third-quarter results came in better than expected as growth overseas and in its U.S. DTC business offset another steep decline in U.S. wholesale revenues. But officials predicted U.S. wholesale growth would resume in the first half of 2018.
Moncler’s Revenues Climb 15 Percent In Nine Months
Moncler reported consolidated revenues in the first nine months reached €736.8 million, up 15 percent year over year. Sales advanced 16 percent at constant exchange rates.
Vetta Brands Appoints Glenn Silbert As CEO
Vetta LLC, a specialist in licensed and wholesale blank apparel and headwear, has named Glenn Silbert as chief executive officer.
OEKO-TEX Conducts Consumer Textile Sustainability Study
The study of more than 11,000 clothing and home textile consumers around the world examined topics ranging from concerns about climate change to harmful substances in textiles.
Grassroots Outdoor Alliance Connect Returns To Knoxville
Grassroots Outdoor Alliance will bring its four-day national buying show to the Knoxville Convention Center, November 7-10, 2017.
Goldwin Acquires Minority Stake In Woolrich International
Goldwin Inc. has acquired a minority stake in Woolrich International as part of a new industrial and financial partnership. The alliance includes the development of a new and premium outdoor collection designed with Goldwin’s state-of-the art technology.
Callaway Golf’s Momentum Accelerates
Callaway Golf reported third-quarter results that handily exceeded guidance with healthy gains across all regions. The upside was driven by strength in its woods business, continued growth in golf balls, and the successful integration of its new business ventures: Callaway Apparel Japan, OGIO and now, TravisMathew.
Amer Sport Sees Sales Picking Up
Driven by apparel, direct-to-consumer and China, Amer Sports reported sales on a currency-neutral basis rose 3 percent in the third quarter, accelerating from a 1 percent gain seen in the second quarter. Strong growth in apparel, Fitness, and Winter Sports offset declines in cycling, sports equipment and ball sports.
Amer Sports Returns To Growth In Q3
Amer Sports returned to growth on a currency-neutral basis in the third quarter as a 7 percent gain in the Asia Pacific region and a 4 percent climb in the EMEA region offset a 1 percent slide in the Americas. The gains were driven again by apparel, own retail, e-commerce and China.
Nike Accelerating Consumer-Led Transformation
Nike Inc. hosted its 2017 Investor Day today, which provided an overview on how the company is accelerating its next phase of long-term, sustainable and profitable growth. Fueled by the Consumer Direct Offense, the company stated during the investor meeting that it expects to drive high-single-digit revenue growth, expanding margins and mid-teens earnings per share growth on average over the next five years.
Nike Investor Day: Still Bullish On Growth
At its Investor Day, Mark Parker, Nike’s CEO, said he expects digital revenues to expand from 15 percent of revenues to 30 percent over the next five years. Over half of its sales growth over that period will come from “new innovation concepts that will scale across multiple categories.” About 75 percent growth will come from outside the U.S.
Nike Sees Mid-Teens EPS Growth Over Next Five Years
At its Investor Day held at Tiger Woods Center at its Portland headquarters, Nike officials said they expected earnings per share to grow in the mid-teens on high-single-digit revenue growth over the next five years.
Squaw Valley/Alpine Meadows Eyes 2019/20 Winter Season For Opening Of California Express Gondola
Squaw Valley Alpine Meadows formally announced its plan to install a base-to-base gondola connecting The Village at Squaw Valley and the base area at Alpine Meadows. The freshly branded “California Express” gondola is targeted to open ahead of the 2019-20 winter season.
Tennis Industry Gears Up for ‘Innovation Challenge’
The Tennis Industry Association (TIA) is now accepting applications for its Tennis Industry Innovation Challenge to be held at its Fifth Annual TOM (Tennis Owners & Managers) Conference next April.
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