Columbia Sportswear Delivers Upbeat Forecast For 2017
Again boosted by expanding gross margins and solid growth in its flagship brand, Columbia Sportswear reported fourth-quarter earnings that easily topped Wall Street’s targets. In its initial forecast, Columbia said it expects 4 percent earnings growth on 4 percent sales growth for 2017.
Ibex Outdoor Clothing Will Attend Outdoor Retailer
The Vermont-based designer of premium merino wool outdoor clothing and cycling apparel will attend Outdoor Retailer in 2017, but will limit the size of its presence.
Under Armour Issues Second Statement On Trump Comments
In response to the growing controversy over CEO Kevin Plank’s positive comments on President Donald Trump on Tuesday on CNBC, Under Armour issued a second statement asserting the company’s culture “has always been about optimism, teamwork, and unity,” while going a further step by stating the company is against the travel ban.
Skechers Finds International Strength Can’t Offset Domestic Weakness
Encouragingly, Skechers ended the year with positive domestic and international backlogs and the highest incoming order rate for fourth quarter and full year in the company history.
L.L.Bean To Offer Employee Buyouts
L.L.Bean shared Thursday that it will be offering voluntary buyouts to eligible employees in 2018. The company is also discontinuing contributions to its pension plan and may alter its generous return policy.
Misty Copeland And Dwayne “The Rock” Johnson Address Under Armour Trump Controversy
World-class ballerina Misty Copeland and actor Dwayne “The Rock” Johnson took to social media to oppose flattering comments made by the company’s founder and CEO about President Donald Trump.
Arc’teryx Joins Patagonia In Spurning Outdoor Retailer
Arc’teryx announced that it will pull out of Outdoor Retailer this summer and donate the money it would have spent on the show to the Conservation Alliance’s Public Lands Defense Fund.
VF Corp. Appoints New Reef Brand President
In addition to his new role, Roger Spatz will continue to serve as president of VF’s Eagle Creek brand, a position he has held since 2011.
Amer Sports’s Q4 Earnings Slide
Results were impacted by sports instruments product launches that were postponed to 2017 due to technical issues, as well as a delayed impact from some fitness product launches.
Kith Appoints Emily Oberg To Guide Kith Women
Kith hired Emily Oberg, former Complex video producer, as creative lead of Kith Women.
Columbia Sportswear’s Profit Climbs 34 Percent In Q4
Earnings were boosted by double-digit growth in Europe, modest gains in the U.S. and higher gross margins.
Rocky Brands Plans To Appoint Internal Candidate CFO
Rocky Brands Inc. stated that based on its evaluation of candidates for the position of chief financial officer it expects to make an internal hire by early March.
Skechers Q4 Profits Tumble
Skechers USA reported net earnings plunged 77.4 percent to $6.7 million, or 4 cents a share, although sales came in ahead of guidance.
Puma Predicts Sharp Earnings Gains For 2017
Closing out 2016 with double-digit growth in all regions and fatter gross margins in the fourth quarter, Puma SE offered a bullish outlook for 2017, expecting operating earnings to climb between 33 and 49 percent.
Mizuno Cuts Outlook On Americas Weakness
The Americas region showed an operating loss of ¥1.74 billion in the nine months ended December 31 as sales dropped 24.7 percent.
