Perry Ellis Q1 Boosted by Golf and Nike Swim
Perry Ellis International Inc. first-quarter results were boosted by stronger margins in its men’s sportswear, golf lifestyle and Nike Swim businesses, and cost savings realized through the ongoing infrastructure review.
Lenzing Sales Rise on Firm Prices for its Wood-based Fibers
Lenzing, a leading supplier of wood-based fibers used in athletic and outdoor apparel, expects profits to improve substantially this year despite low prices for competing cotton and petroleum-based synthetic fibers.
Marmot Cuts Six Positions, Including Two VPs
Marmot Mountain LLC confirmed it eliminated six positions, including two vice presidents, last week as part of a restructuring following the April 15 acquisition of its former parent company Jarden Corp. by Newell Brands Inc.
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Remington Outdoor Q1 Profits Bounce Back
Remington Outdoor Co. earned $22.2 million in the first quarter ended March 27, rebounding from a loss of $13.2 million a year ago.
TJX CEO Wants to Tone Down Promotions at Sierra Trading Post
TJX Companies Inc., which continues to outperform its full-price rivals, wants Sierra Trading Post to become less promotional, President and CEO Ernie Herrman said May 17.
Intersport International Inc. Names Amer Sports Exec as Next CEO
Intersport International Inc. (IIC) named Amer Sports’ top marketing and retailing executive and West Point graduate Victor Duran as its first new CEO in 16 years.
Giant Reports U.S. IBD Glut Contributed to Lower Q1 Sales
Giant Inc. said a glut of some high-end bicycles in the United States and weak demand in China resulted in lower first quarter sales and profits and are likely to result in flat sales in 2016.
Sports Authority Sets Timeline for Going-Out-Of-Business and Lease Sales
Unable to find a PE firm or rival willing to tackle another attempt to resuscitate the chain, Sports Authority appears headed for a full-scale liquidation and the shuttering of all its doors.
Descente Surpasses $1 Billion in Annual Sales
Descente Ltd. reported better-than-expected profits for its fiscal year, ended March 31, despite missing its top-line guidance. The Japanese company said consolidated net sales reached ¥135.8 billion ($1.13 billion), up 10.3 percent from the prior fiscal year, but below the 12 percent the company forecasted in November. Operating income increased 13.6 percent to ¥11.1 billion […]
Moncler Bucked U.S. Retail Trends in First Quarter
Moncler S.p.A. reported its sales in the Americas grew 28 percent, or 21 percent currency-neutral in the first quarter thanks to the opening of five new stores and growing penetration of high-end U.S. department stores. The Italian maker of luxury ski wear and outerwear that is now moving into footwear and knitwear, reported growing penetration […]
Whistler Blackcomb Retail Sales Rebound Faster Than Visits
Whistler Blackcomb Holdings Inc.’s retail and rental sales surged 39.1 percent in the fiscal second quarter ended March 31, as normal snowfalls drew regional skiers and snowboarders back to North America’s largest mountain resort. The company reported revenues from its rental and retail operations at the Whistler-Blackcomb Resort in British Columbia grew by CAD$8.9 million […]
Sequential Brands Targets Yoga in Latest Acquisition
Gaiam Inc. (NASDAQ:GAIA) agreed to sell its money-losing yoga, fitness and wellness products business to Sequential Brands Group Inc. in a deal that saves the Boulder, CO-based company the expense of spinning it off as a separate public company to shareholders. Sequential Brands (NASDAQ:SQGB) agreed to pay $146 million, or slightly less than 1-times trailing […]
Vestis Unsecured Creditors Appoint Lead Counsel Ahead of Monday’s Hearing
Vestis Retail Group LLC’s unsecured creditors committee filed a motion Thursday to appoint Cooley L.P. as its lead counsel retroactive to April 26. The motion came just days ahead of a hearing May 16 where the federal judge overseeing the case could rule on objections to the restructuring plan Vestis proposed in its April 18 […]
Nautilus Inc. First Quarter Boosted by Octane Fitness Acquisition
Nautilus Inc. (NYSE:NLS) said its acquisition of Octane Fitness as well as a pickup in its retail business led to significantly improved revenues and earnings in the first quarter. The company makes fitness equipment under the Bowflex, Nautilus, Octane Fitness, Schwinn and Universal brands. Excluding an inventory step-up charge tied to Octane Fitness, adjusted earnings […]
