Acushnet’s Revenue In First Half Boosted By Clubs And FootJoy
Adjusted earnings rose moderately in the first six months while sales expanded a healthy 4.6 percent, according to an updated regulatory filing to support its initial public offering.
Lululemon Athletica Inc. Gets Its Groove Back
Despite growing competition and lower traffic, the seminal athleisure brand grew same-store sales, average ticket and gross margins in the quarter ended July 31.
Smith & Wesson Hikes Outlook After Blowout Q1
Firearms segment sales grew 47.7 percent on strong orders for both handguns and long guns. Outdoor Products & Accessories sales drop on Thompson/Center price increases.
Shift Toward Direct Sales Saps Peak Performance
The Swedish ski, golf and outdoor apparel brand reported lower margins on higher sales in its latest quarter, as it focused on its direct business.
Aisle Talk, Week of August 29
Headlines from the active lifestyle industry this past week you may have missed.
By the Numbers, Week of August 29
The leading figures from this week’s news in the active lifestyle space.
Amer Sports Hits The Gas
The Finnish company will accelerate category expansion and store openings at Arc’teryx and Salomon in a bid to leverage better-than-expected organic growth.
Performance Sports Group Gets A Second Chance; Sale Possible
Parent to Bauer, Mission, Easton and Maverik brands gains extension from creditors to file its annual financial report, while confirming it’s hired a financial adviser to evaluate “strategic alternatives.”
Genesco’s Shares Crash On Disappointing Outlook
The company’s Journeys chain is being hurt by a fashion shift that’s “more pronounced than we have ever seen in the past.”
Vista Outdoor Is Cooking Now
Company continues spree of acquisitions, adding outdoor-cooking solutions brand Camp Chef for $74 million to further diversify from its mainstay in shooting sports.
Shoe Carnival Narrows Outlook on Weak Back-To-School Start
Delayed buying hits athletic footwear sales, too, but rebound seen in August. “For the first time I can remember, footwear sales accelerated a day or two prior to school starting.”
Australian Retailer Reports Accelerating Comps
Fiscal 2015 and year-to-date results reported by Super Retail Group show demand for athletic and outdoor gear strengthening down under.
Famous Footwear Foiled By Back-To-School Procrastinators
While the footwear retailer has seen delayed back-to-school buying for years, the trend is “much more pronounced this year” with consumers buying at need or even beyond the traditional in the season.
Non-Traditional Sports/Fitness Activities Expand Their Appeal
Americans are trying out more varied and new types of physical activities, but it’s coming at the expense of traditional sports and exercises, according to the 2016 edition of SFIA’s State of the Industry Report.
Samsonite Sees Strong Dollar Curbing Tourism
The company’s latest earnings report surfaces several headwinds curbing global retail sales, including a strong dollar that has cut into tourism spending.
