Canada Goose Posts Loss As Expansion Into China Progresses
Canada Goose Inc.’s smallest quarter might have yielded a loss for the apparel maker but revenue soared 58.5 percent in Q1, providing tailwinds ahead of one of the company’s most ambitious 2018 initiatives—expansion into China.
Sport Chek Looks To Broaden Reach In Reset
Sport Chek, Canada’s largest sporting goods chain owned by Canadian Tire Inc., will be undergoing a repositioning to appeal to a broader range of consumers beyond millennials and “achievers,” Canadian Tire officials said on the company’s second-quarter conference call.
Aisle Talk Week Of August 6
Top headlines from the active lifestyle industry you may have missed this week, including Nike Inc. facing a class-action lawsuit for discrimination.
Firearms Unit Next Divestiture For Vista Outdoor
One month after Vista Outdoor Inc. announced an agreement to sell Bollé, Cébé and Serengeti, the company said firearms should be the next business unit to go—likely before divesting the company’s sports protection brands.
Adidas U.S. Momentum Continues
Adidas AG’s earnings more than doubled in the second quarter, thanks to a boost from the World Cup and continued over-sized growth in North America and China. Adidas Brand’s 15.6 percent currency-neutral gain in North America eased concerns that the brand was losing ground in the U.S. to Nike’s resurgence.
Merrell Shines For Wolverine World Wide In Q2
High-teen sales growth from footwear brand Merrell was the clear standout found in Wolverine World Wide Inc.’s solid second quarter ended June 30. Merrell, which Wolverine has owned since 1997, was the first beneficiary of the parent company’s “global growth agenda.”
Camping World Hit By Softness And Ramped-Up Investments At Gander
Shares of Camping World fell $3.17, or 14.3 percent, to $19.04 on Wednesday after the retailer reported both earnings and sales missed Wall Street targets and lowered the company’s profit outlook for the year. The RV retailer was impacted by losses at Gander Outdoors during the quarter as well as ramped-up investments to roll out Gander RV sections at Gander’s locations.
Gaiam, And1 & Avia Boost Sequential Brands Group’s Q2
Sequential Brands Group Inc.’s active brands of Gaiam, And1 and Avia again drove growth for the parent company in the second quarter, and their performance in brick-and-mortar stores highlighted not only growing market share but resiliency in the channel.
Starter And Umbro Bright Spots In Ugly Iconix Q2
Iconix Brand Group Inc. cited successful initiatives supporting the relaunches of Starter and Umbro as highlights in what was otherwise another tough quarter for the company.
Crocs Shares Slide Amid CFO Departure
Crocs Inc.’s otherwise solid second-quarter earnings report was dampened by the announcement that CFO Carrie Teffner will resign next April. The news broke before the market opened Tuesday, and while trading was up early in the day, shares of the Niwot, CO-based footwear maker had dipped nearly 3 percent at market close.
Johnson Outdoors Benefits From Healthy Re-Orders
Benefitting from season replenishment orders for the company’s warm-weather outdoor recreation products, Johnson Outdoors delivered record earnings and sales in the third quarter ended June 29. The gains were again led by the company’s Fishing segment but Jetboil delivered double-digit gains and Eureka! returned to growth.
Black Diamond’s Global Brand Momentum Fuels Clarus In Q2
The growing strength of the Black Diamond Equipment brand around the world was a primary driver behind the solid second quarter that Salt Lake City, UT-based parent company Clarus Corp. reported on Monday.
Delta Apparel Seeing Benefits From Vertical Manufacturing Model
Delta Apparel said the company’s vertical manufacturing model helped support robust revenue gains at FunTees, the company’s private label apparel business, to drove yet another quarter of earnings and revenue growth. Soffe was stung by declining military sales while Salt Life was down modestly due to poor early-spring weather in the company’s core Southeast market but its sales are re-accelerating in summer months.
SGB Executive Q&A: Velocity Outdoor CEO Bob Beckwith
A new chapter is underway at Crosman Corp.—now known as Velocity Outdoor—the holding company of such well-known sportsman’s brands as Crosman, Benjamin, CenterPoint Archery, CenterPoint Optics, LaserMax and Game Face Airsoft. CEO Bob Beckwith spoke with SGB about the rebrand.
Newell’s Outdoor Brands Impacted By Late Spring
Newell Brands said sales in the company’s outdoor & recreation division, which includes Coleman and Marmot, were impacted by the late spring. The sales process for Pure Fishing remains on track.
