Columbia Sportswear Trims Sales Guidance On Retail’s Closures
“The slight reduction in top-line expectations primarily reflects the incremental bankruptcies, liquidations and store closures that we’ve become aware of, as well as a more cautious posture adopted by our U.S. wholesale customers since February,” said CEO Tim Boyle on a conference call with analysts.
Kit And Ace To Close All U.S. Stores
Kit and Ace, founded in 2105 for Lululemon founder Chip Wilson is closing all 32 stores located outside Canada and laying off staff at its Vancouver head office.
Nike Partners With Penn Relays
Nike becomes the exclusive athletic footwear and apparel supplier and sponsor of the Penn Relays through the 2020 Olympiad.
VF Corp. Q1 Earnings Dip
VF Corp. reported first-quarter earnings were down slightly due to a sales dip and currency headwinds but VF said results were in line with expectations and its growth platforms performed well. On currency-neutral basis, The North Face’s sales grew 8 percent in the quarter while Vans rose 6 percent.
Altra Partners With Utah State University
Utah State University’s Outdoor Product Design and Development (OPDD) program announces a partnership with Altra Footwear, the running footwear brand known for its unique FootShape toe box and Zero Drop running shoes.
Columbia Sportswear’s Q1 Earnings Climb 14 Percent
Columbia Sportswear Co. reported earnings rose 13.6 percent to $36 million, or 51 cents a share, from $31.8 million, or 45 cents, a year ago, but the company slightly scaled back its earnings and sales guidance for 2017.
Under Armour’s Shares Jump As Q1 Loss Less Than Feared
Shares of Under Armour rose $1.68, or 9.3 percent to $19.82 on Wednesday after the company posted a loss that was lower than Wall Street expected. Officials kept its guidance for the year but indicated that its category management initiatives are making progress.
Amer Sports Q1 Net Slides On Weakness In Outdoor And Ball Sports
Earnings were impacted by lower margins in its Outdoor segment and reduced sales in its Ball Sports segment.
Vivobarefoot Teams Up With Betabrand
The London-based barefoot shoe company launched its new shoe collection in partnership with Betabrand, a San Francisco-based crowdfunding clothing platform for independent designers and major brands.
Champs Launches ‘The Moment’ Starring Julio Jones And MIGOS
Following two earlier collaborations between athletes and artists, the third episode spotlights Jones as he lives in his “moment” standing at the top of his sport.
Amer Sports’ Q1 Earnings Slip
Said Heikki Takala, president and CEO, “In the first quarter, we delivered solid growth despite the soft retail landscape especially in the US.”
Under Armour Posts First Quarterly Loss
Under Armour Inc. reported its first quarterly loss as a public company with North American revenue declining slightly due to stores closed due to bankruptcies. Results still came ahead of Wall Street’s expectations and the company retained its guidance for the year.
West Marine Logs Q1 Loss
West Marine Inc. reported first quarter 2017 net revenues were $129.1 million, a decrease of 1.0 percent compared to the same period last year. Comparable store sales were flat.
Nike Signs 13 NFL Draft Prospects
Nike Football officially welcomed their 2017 rookie class to its roster.
Jordan Brand Signs NFL Draft Prospects
Ahead of the 2017 draft in Philadelphia, Jordan Brand announced the signing of Ohio State safety Malik Hooker and Notre Dame quarterback DeShone Kizer.
