SGB Executive

Canada Goose Shares Sink On Fears Over Hong Kong Disruption

Despite Canada Goose Holdings Inc.’s upbeat second quarter—which included revenues doubling in Asia—its shares tumbled $4.22, or 10.8 percent, to $34.82 at market close Wednesday on the news that political turmoil in Hong Kong is disrupting the company’s operations and sales.

Starter A Bright Spot For Iconix Brand Group

Iconix Brand Group said cost-control efforts led to improved operating profits in the first quarter. Sales fell sharply due to the loss of direct-to-retail (DTR) agreements – including Danskin at Wal-Mart – but Starter delivered healthy gains.

Camping World Sees Used RV Sales As Logical Path Forward

As Camping World Holdings Inc. pivots away from outdoor retail and as the recreational vehicle market continues to sputter, the Lincolnshire, IL-based company sees the sale of used RVs as a logical path forward for the business, according to Chairman and CEO Marcus Lemonis.

GoPro Predicts Blockbuster Holiday For Hero8 Black And Max

GoPro, as expected, reported dismal third-quarter results in part due to production delays but management forecast a robust fourth quarter due to strong early reads on the Hero8 Black and Max cameras. Said Nicholas Woodman, CEO, on a conference call with analysts, “Simply put all signs indicate Hero8 Black and Max are unquestionable hits”

SportChek’s Q3 Comps Advance 4.6 Percent

SportChek’s comparable sales grew 4.6 percent in the third quarter, boosted by robust online growth, according to the quarterly report of its parent, Canadian Tire. Helly Hansen’s sales jumped 16 percent, boosted by expansion in Canada.

Dorel Sports Q3 Boosted By Cannondale’s Momentum

Dorel Industries Inc. reported third-quarter revenue at Dorel Sports increased 14.2 percent, to $250.3 million. The gains were driven by revenue growth across all three divisions, driven by strong performances at the Cycling Sports Group (CSG).

Sequential Brands’ Continues To Explore Sales

Sequential Brands Group Inc., the parent of Avia, And1 and Gaiam, said it is in the “final stages” of selecting a new CEO and has drawn interest in its exploration of the sale of some of its brands.

Aisle Talk Week Of November 4

Top headlines from across the active lifestyle industry featured in SGB during the week of October 28, 2019.

New York Times Op-Ed Blasts Nike’s Oregon Project

In an op-ed in the New York Times gaining wide attention, former prodigy runner Mary Cain, now 23, said she was “emotionally and physically abused” until she quit Nike’s Oregon Project, Nike’s elite track and field training program.

Vista Outdoor’s Shares Pop On Further Signs Of Stabilization

Vista Outdoor Inc. reported sales slid 7 percent on an organic basis in the second quarter ended September 29 with continuing weakening sales in its ammunition business. Encouragingly, however, earnings marked break-even results on an adjusted basis in, ahead of Wall Street’s targets, and adjusted earnings guidance was maintained for the year.

Wolverine Sees Accelerating Growth In Q3

Led by combined growth of more than 11 percent on a currency-neutral basis at its biggest brands, Merrell, Sperry and Saucony, Wolverine World Wide Inc. reported adjusted earnings in the third quarter that topped Wall Street’s targets. Full-year guidance, however, was slightly lowered due to tariff headwinds.

Bogs Q3 Boosted By Diversification Efforts

Continuing to benefit from progress reducing its reliance on winter boots, Bogs’ sales were up 12 percent in North America on a wholesale basis in the third quarter, according to its parent, Weyco Group.