Gildan Activewear Lowers 2016 Guidance, But ‘Very Bullish’ For 2017
Despite missing Wall Street’s revenue and profit estimates, plus lowering full-year guidance, investors were encouraged by Gildan’s 2017 outlook to send the stock up.
Can Finish Line Find A Buyer For JackRabbit?
The report of a potential sale comes as the segment is improving its business, yet still underperforming its parent company’s expectations.
Sturm Ruger Shipments Accelerate Ahead of Election
Sales and earnings surged in the third quarter as the company’s distributors stocked up in anticipation of a quadrennial spike in gun sales that has accompanied recent presidential elections.
Big 5 Sees Big Benefits From Competitor Closures
With Sports Authority and Sport Chalet out of business, Big 5 took advantage in the Western U.S. of being one of few remaining sporting goods outlets. But new competition is coming.
Black Diamond Aims To Diversify With Acquisitions
Even as the company’s stock emerges as a way for investors to profit from the proliferation of climbing gyms, the company has scratched other outdoor equipment brands from its acquisition shopping list.
Nautilus Leans On Strong Retail Sales Amid DTC Weakness
Strength in its retail supported by its Octane Fitness acquisition as well as double-digit organic growth offset weakness in its direct segment that was blamed on distractions from the U.S. elections.
Performance Sports Seeks Bankruptcy Sale By February
A deal in place would sell nearly all of its assets for $575 million to an investor group led by Sagard Capital, its biggest shareholder, and Fairfax Financial Holdings Ltd., but other bids may emerge in the bankruptcy auction.
Tough Sledding At Coleman And Marmot
Organic sales at Newell Brands Inc.’s Outdoor Solutions segment, excluding brands marked for sale, declined in the third quarter despite growth at Pure Fishing.
Champion’s Sales Hurt By Bankruptcies
While acknowledging declines at specialty sports channels, sales gains for activewear within mass channels gave officials confidence that the dip will be temporary.
Cautious Retailers Dampen Columbia Sportswear’s Growth Spurt
A bad (warm) winter, such as that of 2015, tends to hit vendors the following year. And that time is now.
Deckers Brands Trims Guidance
Seasonal woes at its Ugg brand, following last year’s warm winter, are denting orders from retailers, but with a healthy inventory, officials are optimistic for the holiday season to come.
Aisle Talk, Week Of October 24
Top headlines from the active lifestyle industry you may have missed this week.
By The Numbers, Week Of October 24
The leading figures from this week’s news in the active lifestyle space.
Brunswick Corp. Stung By Cybex Underperformance
While companywide sales grew 10.2 percent to $1.09 billion in the third quarter, they were lower than internal expectations due to weakness in its fitness segment.
Wilson Doubles Down On Baseball
Wilson President Mike Dowse said the brand sees opportunity to “further address the baseball category at every level of the game.”
