Unifi Lowers FY Guidance On Pricing Pressures

Unifi Inc. reported an operating loss in its second quarter ended December 30 and lowered its guidance for its fiscal year. The fibers specialist placed the blame on a spike in raw material costs, suppressed demand in the Americas and a weaker sales mix.

American Media Acquires The Adventure Sports Network From TEN: Publishing

American Media, LLC, the publisher of celebrity journalism, health and fitness, and lifestyle brands,  acquired the media assets comprising TEN: Publishing’s Adventure Sports Network (ASN). American Media Active Lifestyle Group will include the 14 adventure and sports brands including Bike, Powder, Surfer, the Transworld titles, and Snowboarder.

Unifi Posts Operating Loss In Q2

Unifi Inc. reported an operating loss in the second quarter ended December 30 due to higher product costs, lower regional yarn volumes and a weaker sales mix. Sales increased slightly.

Johnson Outdoors’ Sales Slump In Q1

Johnson Outdoors reported a slight decline in profits in the first quarter ended December 28 as sales slid 10.5 percent. Sales were impacted by a shift in pacing of new product releases in the Fishing category and weakness in Diving.

Tender Corp Secures Equity Funding

Tender Corp, which sells a variety of first aid, safety and survival products for the outdoor industry under multiple brands, announced the completion of a management-led transaction to recapitalize the business.

Ugg Powers Deckers Brands To Blowout Holiday Quarter

Tightened segmentation, success reaching men’s, and early cold weather in the U.S. helped drive robust sales for Ugg to help Deckers Brands handily exceed guidance in its holiday quarter. Hoka One One also remained on fire with sales now expected to reach $220 million in its fiscal year.

Wolverine Worldwide Makes Investment In Thrive Outside

Wolverine Worldwide is investing $300,000 in the Outdoor Foundation, the charitable arm of Outdoor Industry Association, to support the Thrive Outside Communities program, designed to help young people’s social, emotional and academic development through outdoor experiences.