Hibbett Sports Inc. said it expects earnings to slump between 28 to 30 percent in the fourth quarter, well below guidance, as same-store sales slid 2.2 percent.
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Category: Apparel
Mountain Khakis’ Jen Taylor Pens Letter Addressing OR Debate
Mountain Khakis Brand Manager Jen Taylor issued a personal open letter to Patagonia Founder Yvon Chouinard and Black Diamond Founder Peter Metcalf.
Gander Mountain Mulling Chapter 11
Gander Mountain Co. may soon become the latest retailer in the active lifestyle space to land in bankruptcy court, perhaps as soon as this month.
Nike Takes A Stand For Equality
This campaign is supported by a new film – featuring LeBron James, Serena Williams, Kevin Durant, Megan Rapinoe, Dalilah Muhammad, Gabby Douglas and Victor Cruz – that amplifies the voice of athletes, using the power of sport to create conversation, inspire people to act and press for lasting change in their communities.
Wolverine Worldwide Appoints New Sperry President
Tom Kennedy was formerly president of apparel and accessories, Wolverine Worldwide.
Report: Gander Mountain Exploring Restructuring
Gander Mountain Co. is reportedly preparing for a debt restructuring in bankruptcy proceedings, sources told Reuters.
NRF Forecasts Retail Sales Will Increase 3.7 To 4.2 Percent In 2017
Online and other non-store/online sales, which are included in the overall number, are expected to increase between 8 and 12 percent.
Adidas Signs Lionel Messi To Lifetime Contract
Adidas signed Lionel Messi to a lifetime contract, according to Cope. The signing was confirmed by Messi via a Facebook post.
Reebok Releases ‘Nevertheless She Persisted’ T-Shirt
Reebok released a t-shirt in honor of Sen. Elizabeth Warren, who last week was silenced on the Senate floor when she read from a letter Coretta Scott King wrote in 1986.
Aisle Talk, Week Of February 6
Top headlines from the active lifestyle industry you may have missed this week.
Amer Sports Q4 Impacted By Postponements, Delays And Market Softness
On a conference call with analysts, Heikki Takala, president and CEO, noted that overall market “softened further” in the period. Amer Sports chose to “avoid promotions in a quite promotional environment,” boosting gross margins in the period.
Polartec Withdraws From Outdoor Retailer
The decision was made in solidarity with Polartec customer Patagonia, which recently withdrew from Outdoor Retailer trade shows in Utah in response to the state government’s public land policy.
Columbia Sportswear Delivers Upbeat Forecast For 2017
Again boosted by expanding gross margins and solid growth in its flagship brand, Columbia Sportswear reported fourth-quarter earnings that easily topped Wall Street’s targets. In its initial forecast, Columbia said it expects 4 percent earnings growth on 4 percent sales growth for 2017.
Ibex Outdoor Clothing Will Attend Outdoor Retailer
The Vermont-based designer of premium merino wool outdoor clothing and cycling apparel will attend Outdoor Retailer in 2017, but will limit the size of its presence.
Under Armour Issues Second Statement On Trump Comments
In response to the growing controversy over CEO Kevin Plank’s positive comments on President Donald Trump on Tuesday on CNBC, Under Armour issued a second statement asserting the company’s culture “has always been about optimism, teamwork, and unity,” while going a further step by stating the company is against the travel ban.
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