Under Armour’s Share Climb On Sales Beat, Signs Of Stability
While reporting a fourth-quarter loss and a significant expansion of its restructuring program, shares of Under Armour climbed $2.49, or 17.5 percent, on Tuesday to $16.72 as sales came in above guidance with the help of momentum internationally and the overall business showed some signs of stabilizing.
Under Armour Q4 Beats Sales Targets
Under Armour Inc. said it plans to take additional restructuring charges in the range of $110 to $130 million in 2018 while announcing that its fourth-quarter sales exceeded estimates and earnings matched estimates. CEO Kevin Plank said the results “demonstrate that the tough decisions we’re making are generating the stability necessary to create a more consistent and predictable path to deliver long-term value.”
Bass Pro Announces 2018 Fitness Series Dates
Early registration is now open for the 2018 Bass Pro Shops Fitness Series, the twelfth annual lineup of races and runs celebrating health and wellness, outdoor adventures and wildlife conservation in the beauty of the Ozarks.
Reebok Classics Partners With Pyer Moss
On Saturday, February 10 at Spring Studios in New York City, Reebok and Pyer Moss and its founder, Kerby Jean-Raymond, unveiled its first collaboration of men’s, women’s and unisex sportswear and footwear styles, during the inaugural presentation for the new Reebok by Pyer Moss line for Fall 2018.
Adidas Originals Launches Collection At NY Fashion Week
Adidas Originals debuted a collaboration with Amsterdam-based designer Daniëlle Cathari with a presentation at New York Fashion Week on February 8. The capsule women’s ready-to-wear collection explores the idea of contrast while paying tribute to the authenticity of the Adidas Originals brand.
Nike Signs Top NFL Prospect Saquon Barkley
Nike signed Saquon Barkley, the Penn State running back expected to be the first running back selected in the upcoming NFL Draft, to an endorsement deal.
Rapha President North America Joins Walton Family Civic Organization
Brendan Quirk will be responsible for positioning Northwest Arkansas as a leading region nationwide for the incubation and recruitment of cycling-related brands, an innovator in cycling infrastructure, and a bucket-list destination for bike tourism.
Tennis Industry Rallies For ‘Play Tennis Month’ In May
Tennis industry partners are working together to promote May as “Play Tennis Month” to help showcase the sport of tennis and associated health benefits. Thousands of tennis programs and events will be held around the country.
Big Rock Sports Launches Mobile Ordering App
Big Rock Sports has introduced a new app that enables their customers to order products with their mobile devices.
Top Honors Awarded In New England
Based on a voting process that included all the New England winter sales reps, Rich Brachold, owner of Village Ski & Snowboard Shop in Franklin, Massachusetts, earned EORA/NESR’s Winter Retailer of the Year award.
NRF Statement On Administration’s Infrastructure Plan
National Retail Federation President and CEO Matthew Shay said, “We appreciate the President’s attention to the urgent need to rebuild America’s outdated infrastructure, which has long been a priority for NRF and our members.”
Bearpaw Makes Major Expansion Moves In Europe And China
Bearpaw, the maker of fashion footwear for men, women, and children, has taken another big step towards expanding their presence in Europe and China with the establishment of two new entities.
Puma Operating Profits More Than Double In Q4
Puma reported fourth-quarter earnings slightly more than doubled with the help of strong sales growth combined with an improved gross profit margin. Puma also said it expects currency-adjusted net sales will increase by approximately 10 percent in 2018.
Yue Yuen’s Sales Dip 1.8 Percent In January
Yue Yuen reported consolidated operating revenue reached $737.1 million in January, down from $750.5 million a year ago.
Iconix Brand Group Announces Private Exchange Of $110 Million Of Its Convertible Note
John Haugh, CEO of Iconix, commented, “These exchange transactions are part of the company’s strategy to satisfy near-term debt obligations and represent a positive step in improving our balance sheet. We are also announcing a cost savings initiative to improve our profitability and free cash flow.”
