Shares of Rocky Brands Soar On Earnings Beat
Shares of Rocky Brands jumped $6.00, or 23.2 percent, to $31.85 after the boot maker delivered earnings that ran past Wall Street’s targets. Georgia Boot, Durango and Rocky Boot all delivered robust growth in the quarter at healthy margins.
Champion To Exit Target
Hanesbrands said Champion sales grew 18 percent in the second quarter to drive a 4 percent sales increase. But the company announced that Champion and Target Corporation will not renew their contract for an exclusive line of C9 by Champion activewear apparel when the current contract expires at the end of January 2020.
Nomura Downgrades Acushnet On Valuation, Cautions On Under Armour And Canada Goose
Nomura Instinet analyst Simeon Siegel downgraded Acushnet Holdings, the parent of Titleist and Footjoy, to “Neutral” due to the stock’s recent run-up in price while also expressing valuation concerns on Under Armour and Canada Goose.
Big 5 Sporting Goods Misses On Income, Revenue
Big 5 Sporting Goods Corp. reported a net loss for the second quarter of fiscal 2018 of $0.2 million, or (1) cent per share, compared to net income for the second quarter of fiscal 2017 of $2.8 million, or 13 cents per diluted share. Analysts had expected a profit of 11 cents per share.
Rocky Brands’ Q2 Profits Soar
Rocky Brands Inc. reported profits in the second quarter jumped 73.3 percent, thanks to high-single-digit growth in wholesale sales and expanding gross margins.
The North Face Appoints New Heads Of Product And Merchandising
The North Face announced the appointment of Kelly Cortina as vice president of global product and Darren Cookson as global vice president of merchandising for The North Face, effective immediately. Cortina was most recently VP global merchandising, Center of Excellence at Under Armour while Cookson was VP of product & merchandising EMEA, The North Face.
Golf Rounds Decline In June
According to Golf Datatech, golf rounds played were down 1.2 percent in June compared to the same month a year ago. Gains were seen in the Mountain region, up 4.4 percent as well as South Central, 3.4 percent and Pacific, 2.0 percent.
Bass Pro’s Rogers Location To Become First U.S. Combo Store
Bass Pro’s Outdoor World in Rogers, AK, will undergo an extensive renovation to feature Bass Pro Shops, Cabela’s and Tracker Boats together under one roof for the first time. The location will add a new boat center and significantly expanded fishing and apparel departments.
Bass Pro To Open First Store Since Cabela’s Merger Close
Bass Pro Shops plans this fall to open the company’s first store since the closing of the merger with Cabela’s. The new Outpost in Halifax, Nova Scotia will feature dedicated sections for Bass Pro, Cabela’s and Tracker Boats.
Adrienne Lofton Exits Under Armour
Adrienne Lofton, who has served as Under Armour’s SVP for global brand management since 2015, has resigned from the company, according to reports from Adweek and Advertising Age.
Beyond Product: Industry Trends, Brand Stories Take Center Stage At OR
New product releases tend to garner most of the headlines at trade shows, but at Outdoor Retailer Summer Market, SGB’s editorial team also wanted to discover what’s happening with brands beyond the latest and greatest gear and apparel. Here are some of the stories and industry trends we found and hints of what’s to come.
Fila Extends Sponsorship Of Western & Southern
Fila has extended the company’s sponsorship agreement with the Western & Southern Open, an ATP World Tour and WTA combined tennis event to be held August 11-19, 2018 at the Lindner Family Tennis Center, just north of Cincinnati.
Puma Inks WNBA Deal
The Women’s National Basketball Association (WNBA) signed a league-wide footwear deal with Puma. The deal represents Puma’s first with a professional sports league.
361 Degrees Appoints Ike Alvear Head Of Sales
361 Degrees has added industry veteran, Isaac “Ike” Alvear to the team as head of sales.
Arc’teryx Sales, China Growth Boost Amer Sports In Q2
Double-digit improvement with the Arc’teryx brand and a 21 percent sales growth in China were the primary drivers behind Finland-based Amer Sports’ performance in the second quarter.
