Exec Outdoor

GOA Extends Invitation To Participate In Grassroots ConnectHub

Oct 30, 2020SGB Updates

Grassroots Outdoor Alliance (GOA) is inviting specialty outdoor vendors and independent outdoor retailers to participate in ConnectHub, a free shared-resource platform. (Read More)

Lululemon Athletica Announces Leadership Appointments

Oct 30, 2020SGB Updates

Lululemon Athletica Inc. announced several leadership appointments, including company veteran Celeste Burgoyne becoming the first executive to serve at the president level in her role leading the Americas and Global Guest Innovation teams. The company also announced the hire of longtime Adidas executive André Maestrini to serve as EVP, International and lead the company’s international expansion. (Read More)

Newell’s Outdoor & Rec Segment Delivers Q3 Revenue Gain Of 8 Percent

Oct 30, 2020SGB Updates

Newell Brands' Outdoor & Recreation segment generated net sales of $383 million compared with $356 million in the prior-year period, reflecting a gain of 7.6 percent. The gain reflects a core sales increase of 8.1 percent and the impact of unfavorable foreign exchange. (Read More)

Under Armour Enters Agreement To Sell MyFitnessPal Platform

Oct 30, 2020SGB Updates

Under Armour Inc. announced that it has entered into a definitive agreement to sell the MyFitnessPal platform to Francisco Partners. Under Armour also said it will discontinue its Endomondo platform's operations at the end of 2020. (Read More)

Under Armour’s Q3 Tops Wall Street’s Targets

Oct 30, 2020SGB Updates

Under Armour Inc.'s third-quarter results topped analyst targets due to improving performance in North America and a 19 percent sales gain in footwear. The company also provided a full-year outlook that was better than expected. (Read More)

True Sports Acquires Lefevre

Oct 29, 2020SGB Updates

True Sports announced the acquisition of a QC-based goalie equipment manufacturer, Lefevre Inc. (Read More)

Deckers Brands Q2 Blows Past Wall Street’s Targets

Oct 29, 2020SGB Updates

Deckers Brands reported earnings rose 30.5 percent in the second quarter ended September 30 on a 15 percent revenue gain. Results came in well above Wall Street's targets. Ugg's sales grew 2.5 percent while Hoka One One's catapulted 83.2 percent. (Read More)

Columbia Sportswear’s Q3 Profits Slump 47 Percent

Oct 29, 2020SGB Updates

Columbia Sportswear reported earnings fell 47 percent in the third quarter as revenues were down 23 percent. Both sales and EPS came in below Wall Street's consensus targets. Looking forward, the company predicted fourth-quarter earnings would decline between 20 and 35 percent as sales slump in the range of 8 to 11 percent. (Read More)