Puma Talks Rihanna Brand Benefits, Promotional Fears
On a media call following the report of above-plan third-quarter results, Bjørn Gulden, Puma’s CEO, detailed how Rihanna was boosting the brand’s women’s business while also indicating a promotional climate in both the U.S. and Europe may crimp fourth-quoter sales gains.
Volcom’s Sales Disappoint
Kering reported revenues in its Sport & Lifestyle segment grew 15.9 percent on a currency-neutral basis as a 17.3 percent jump at Puma offset a decline at Volcom.
Sole Donates $518,000 Through Footbed Collection
Sole has donated over $518,000 to Protect Our Winters, Big City Mountaineers and Karno Kids to date through its Performance collection of footbeds.
Rocky Brands’ Q3 Profits Vault On Meatier Margins
Rocky Brands Inc. reported sales dipped 11.6 percent in the third quarter due to factory disruptions from Hurricanes Maria and Irma as well as “modest shortfalls” for all its brands, but earnings improved significantly on higher margins.
Brooks Announces 2017 Inspiring Coaches Of The Year
Brooks Running Company recognized cross country coaches Neville Anderson of Athens Academy in Georgia and Denise Benson of Lexington High School in Ohio as 2017 Inspiring Coaches of the Year.
Camping World Plans Secondary Offering
Camping World Holdings Inc. announced a proposed secondary offering of 6.7 million shares of its Class A common stock by certain selling stockholders of Camping World, which includes 6 million shares offered by certain affiliates of Crestview Advisors LLC and 700,000 shares by CWGS Holding LLC, a wholly owned subsidiary of ML Acquisition Company LLC.
Puma Lifts Outlook For Third Time This Year
Puma reported sales on a currency-neutral basis rose 17.4 percent in the third quarter, led by a 22.7 percent gain the EMEA region and a 15.6 percent jump in the Americas region.
Activist Investor Sues Deckers Over Board Election
“The Deckers board is employing a scorched-earth defense of its position by delaying its annual meeting and refusing without basis to designate Marcato’s nominees as continuing directors before the vote,” Marcato said in a statement.
Vans, DTC Power VF Corp.’s Brawny Q3
On a currency-neutral basis, Vans jumped 26 in the third quarter as the Americas grew 22 percent, Europe increased 39 percent and Asia Pacific advanced 23 percent. On the same basis, global sales declined 3 percent at North Face and 2 percent at Timberland, in part due to some fall shipments shifting to the fourth quarter.
Threadless Acquires Bucketfeet
Threadless, best known for their graphic apparel and accessories, has acquired direct to consumer shoe brand, Bucketfeet.
Report: Under Armour Mulling Category Exits, Kip Fulks Takes Sabbatical
Kip Fulks, a co-founder of Under Armour, will take a sabbatical from the company, according to a report from The Wall Street Journal. The company is also exploring exiting tennis and other smaller outdoor categories, including outdoor gear and fishing, sources told the Journal.
VF Corp.’s Tops Q3 Targets, Lifts Outlook
VF Corp. again raised its outlook for the year after reporting third-quarter earnings that came in well above Wall Street’s targets. In Outdoor & Action Sports, its largest coalition, revenue increased 8 percent, led by a 28 percent gain by Vans.
Supreme Sells Equity Stake To Carlyle Group
Supreme, the skateboard apparel manufacturer, sold an approximately 50 percent stake in the company to private-equity firm Carlyle Group LP for about $500 million.
NRF: Imports Set A Second Record High
Imports set a second all-time monthly record high this summer as retailers brought in merchandise for the busy holiday season, and are continuing at unusually high levels this month, according to the monthly Global Port Tracker report released this month by the National Retail Federation and Hackett Associates.
Hudson’s Bay’s CEO To Step Down
HBC announced that Gerald L. (Jerry) Storch has stepped down as chief executive officer, effective November 1, 2017, to return to his advisory firm, Storch Advisors.
