Bogs Resumes Growth For Weyco
Weyco Group reported earnings rose 29 percent in the second quarter due to tax benefits. Sales grew 6 percent with Bogs gaining 4 percent.
Active Ride Shop Giving Away $100,000 To Local High Schools
Active Ride Shop announced a commitment of $100,000 cash to Southern California high schools to help support school athletics.
Camping World’s Q2 Revenues Expand 13 Percent
Camping World reported sales grew 13.0 percent in the second quarter, helped by the launch of Gander RV Sales. Net earning declined in the period due to pre-opening expenses related to the Gander Outdoors store openings but adjusted pro forma net income increased 10.6 percent.
Crocs Q2 Exceeds Expectations, CFO To Resign
Crocs Inc. reported earnings jumped 68.0 percent in the second quarter on a 4.7 percent revenue gain, exceeding Wall Street’s targets. The footwear maker also announced that its Chief Financial Officer Carrie Teffner will resign next year.
Asics Shows Steep Q2 Loss In Americas
Asics Corp. showed an operating loss of ¥1 billion ($8.98 mm) in the American region in the second quarter ended June 30 as sales tumbled 17.7 percent in period.
Under Armour Returns As Austin Marathon Sponsor
High Five Events announced Under Armour Inc. has returned as the presenting sponsor of the Austin Marathon.
Cherokee Global Brands Announces Debt Refinancing
Cherokee Global Brands announced that on August 3, 2018, the company replaced the company’s former credit facility with a new $40 million three-year financing agreement with Gordon Brothers Finance Company and Gordon Brothers and new subordinated promissory notes with existing subordinated lenders.
Under Armour Appoints Mohamed El-Erian To Board
Under Armour Inc. announced that Mohamed A. El-Erian has joined the company’s board of directors, effective Oct. 1, 2018. Dr. El-Erian is the former CEO and co-chief investment officer of PIMCO, a role he held from 2007 to 2014, and currently serves as the chief economic advisor at Allianz, the corporate parent of PIMCO.
Dick’s To Open in Raleigh
Dick’s Sporting Goods will open a new store in Raleigh, NC, in August.
Asics Profits Tumble In Six Months
Asics reported earnings fell 70.7 percent in the six months ended June 30 as sales slid 5.4 percent. In the American region, sales plunged 22.4 percent.
Clemson, Nike Announce New 10-Year Deal
Clemson Athletics and Nike reached an agreement for a 10-year, $58 million extension to their all-sport partnership.
Nike Declines To Renew Jameis Winston’s Contract
Nike has opted not to renew the company’s endorsement contract with Tampa Bay Buccaneers quarterback Jameis Winston, ESPN reported.
Denver Delivers Again At ORSM
In its second Outdoor Retailer show, Denver delivered steady traffic, busy booths and plenty of energy at Outdoor Retailer Summer Market, according to interviews with a number of exhibitors and a few retailers. A change of scenery after 20 years in Salt Lake City is also clearly being welcomed by many attendees, but the upbeat moods appear to underscore a healthier industry.
Aisle Talk Week of July 30
Top headlines from the active lifestyle industry you may have missed this week, including Shimano releasing the company’s earnings for the first half of 2018.
July Retail Jobs Increase 66,000 Over 2017
Retail industry employment in July increased by 66,000 jobs unadjusted over the same time last year showing on-going industry growth, the National Retail Federation said Friday.
