Grupo SBF SA, owner of Brazilian sporting goods chain Centauro, has requested authorization from securities industry regulator CVM for an initial public offering.
Category: Sports/Fitness
RYU Apparel’s Sales Double In Q3
RYU Apparel Inc., the urban athletic brand based in Vancouver, reported sales of $745,226 in the third quarter ended September 30, up from $331,700 during the same period in 2016.
The North Face Endurance Challenge Championships Hosts Thousands In San Francisco
Thousands of runners competed in The North Face Endurance Challenge Championships starting in Sausalito and ending in picturesque Crissy Field in the San Francisco Bay Area this past weekend. In its eleventh year, the race boasts a $30,000 prize purse for top finishers.
Hibbett Sports Hikes Outlook After Q3 Beat
Hibbett Sports lifted its outlook for the year after reporting that underlying sales trends significantly improved in the third quarter. Comps were down 1.3 percent versus an 11.7 percent tumble in the second quarter with notable improvement in footwear, apparel and team equipment.
Foot Locker’s Shares Skyrocket On Hopeful Forecast
Shares of Foot Locker Inc. vaulted $8.97, or 28.2 percent, to $40.82 on Friday after the sneaker powerhouse reported third-quarter earnings that topped Wall Street’s targets and indicated that results for the full year may exceed guidance. Foot Locker officials also outlined a number of steps it’s taking to revive top-line growth.
Aisle Talk, Week Of November 13
Top headlines from the active lifestyle industry you may have missed this week.
Athleta “On Fire” In Q3
“Simply put, Athleta is on fire,” said Art Peck, president and CEO, Gap Inc. “Top and bottom line momentum continues. We’re seeing exceptional growth outpacing the industry with operating margin expansion.”
Shoe Carnival Lifts Outlook On Robust Athletic Trends
Said Cliff Sifford, CEO, “We believe the positive athletic and athleisure trend happening in the family footwear channel will continue, and we have reallocated inventory dollars to those specific categories for the fall season to take advantage of this trend.”
Foot Locker Q3 Earnings Top Wall Street Targets
Richard Johnson, chairman and CEO, said in a statement, “Despite the highly promotional environment we still see in the marketplace, the availability of premium product is gradually improving compared to the first half of the year, and we believe we can achieve, and perhaps modestly exceed, the top- and bottom-line guidance we gave for the fourth quarter back in August.”
Hibbett Sports Lifts Outlook After Q3 Easily Tops Estimates
Hibbett Sports reported third-quarter earnings fell 47.9 percent but both earnings and sales easily topped Wall Street targets. Hibbett officials credited positive comps in footwear, significant improvement in branded apparel and strength online.
Wall Street Reacts: Dicks Q3
For the analyst community, Dick’s issuance of a poor outlook for 2018 indicates that the industry’s return to healthy, full-price selling will take longer than expected.
Accell Group Further Adjusts North American Organization
Accell Group said in a statement, “Senior management has been replaced and the activities in North America will be fully integrated. Inventories destined primarily for the MultiSport chains will be scaled down as quickly as possible.”
Nike Hikes Quarterly Dividend By 11 Percent
Said Mark Parker, chairman, president and CEO of Nike, Inc., “Today’s announcement, combined with the four-year $12 billion share repurchase program we announced in 2015, demonstrates our continued confidence in generating strong cash flow and returns for shareholders through our new Consumer Direct Offense.”
Amazon To Sponsor 2018 Special Olympics USA Games Closing Ceremony
The 2018 Special Olympics USA Games Organizing Committee announced that Amazon will be presenting sponsor of the 2018 USA Games Closing Ceremony in the company’s hometown of Seattle.
Jaybird Names Former Nike Exec As New President And CEO
Jamie Parker served in various leadership positions at Nike, bringing experience from global roles based in the U.S. and leadership roles in Europe and Latin America.
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