Top headlines from the active lifestyle industry you may have missed this week.
Category: Apparel
Acushnet Lowers Revenue Outlook For Year
Acushnet Holdings Corp. reduced its sales guidance for the year after seeing a drop in sales of Titleist golf balls in the second quarter and a steeper quarter-over-quarter decline in Titleist clubs.
FGL Sports To Miss Revenue Goals For 2017
FGL Sports, which includes Sport Chek, is now expected to miss its ambitious growth goals for 2017 due to its sluggish sales through the second quarter, according to its parent, Canadian Tire Corp.
Acushnet’s Q2 Earnings Climb 21 Percent
Acushnet Holdings Corp. reported earnings climbed 21.2 percent in the second quarter despite a 7.6 percent revenue decline. The parent of Titleist and FootJoy maintained its earnings guidance for the year but slightly lowered its sales outlook.
Black Diamond Inc. To Change Name To Clarus Corporation
Black Diamond Inc. plans to change its name to Clarus Corporation effective August 14, 2017.
Hibbett Sports Names James Hilt To Board
James Hilt has been executive vice president, chief marketing officer and e-commerce at Express Inc. since March 2016.
Camping World’s Q2 Revenues Climb 20 Percent
Camping World Holdings, which acquired Gander Mountain earlier this year, reported pro-forma earnings rose 41.6 percent on a 20.1 percent revenue gains.
Antigua To Provide Team USA Uniforms At 2017 Solheim Cup
The designer and marketer of lifestyle and golf apparel under the Antigua brand was named provider for Team USA’s uniforms at the 2017 Solheim Cup.
Starter And Ocean Pacific Exiting Wal-Mart
Iconix Brand Group Inc. confirmed on its second-quarter conference call that Starter and OP (Ocean Pacific) are being phased out at Wal-Mart. Both had been exclusive brands in the entry-level category at the discount chain for years.
Canada Goose Q1 Benefits From Pull-Forward Orders
Said Dani Reiss, president and CEO, on a conference call with analysts, “Many retailers are specifically asking us to accelerate shipments so they can get our product on the floor earlier. We see this as a testament to our belief that Canada Goose is a bright spot for our retail partners.”
FGL Sports’ Q2 Comps Rise
Canadian Tire reported same-store sales at FGL Sports, which includes Sport Chek, rose 2.6 percent in the second quarter.
Canada Goose’s Revenues Vault In Q1
Canada Goose Holdings Inc. reported sales jumped 79.6 percent in its fiscal first quarter, boosted by its direct-to-consumer segment and earlier-than-expected wholesale shipments.
Inov-8 Adds Brendan Murray As Sales And Marketing Manager
In his new role, Murray will lead Inov-8’s U.S. sales and marketing teams
Wolverine Worldwide’s Transformation Plan Paying Dividends
Most of Wolverine Worldwide’s brands exceeded revenue expectations for the quarter while also over-delivering on operating profit goals.Among key brands, Merrell’s grew just over mid-single digits, Chaco ahead mid-teens, Saucy up slightly, Wolverine ahead double digits. Sperry was down mid-single digits.
Columbia’s ReThreads Recycling Program Expands U.S. Stores
Columbia Sportswear is rolling out its ReThreads program in more than 100 Columbia stores across the United States to help people recycle used clothing and footwear.
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