Gaiam And Heelys Drive Sequential Brands’ Q3
Although the company beat and met Wall Street’s top- and bottom-line expectations for the quarter, investors pounced on weaker full-year earnings projections.
Gildan Activewear Lowers 2016 Guidance, But ‘Very Bullish’ For 2017
Despite missing Wall Street’s revenue and profit estimates, plus lowering full-year guidance, investors were encouraged by Gildan’s 2017 outlook to send the stock up.
Anta Signs Manny Pacquiao
The Chinese sportswear brand hopes signing the boxer will improve its brand influence across the globe, as well as help strengthen its presence in the training and boxing market.
Sequential Brands’ Q3 Boosted By Acquisitions
Earnings grew 50 percent on an adjusted basis with the the help of healthy contributions from core brands Jessica Simpson, William Rast and Heelys as well as a number of recent acquisitions.
Adidas Q3 Earnings Climb 15.3 Percent
Adidas AG reported strong third-quarter results, helped by double-digit sales increases in its performance business and at its urban wear units Adidas Originals and Neo. The company also announced plans to restructure its Reebok brand.
Gildan Activewear Lowers Guidance On Q3 Shortfall
Gildan Activewear Inc. slightly lowered its guidance for the year due to lower than anticipated results in the third quarter and tempered branded apparel sales expectations in the fourth quarter.
Wolverine Unveils Customizable Boot Program
Wolverine, the flagship brand of Wolverine Worldwide, introduced Wolverine Workshop, a new customization service allowing customers to design their own Wolverine 1000 Mile Boots online.
Zumiez’s October Sales Jump
The action sports retailer lifted its guidance following its report of a 10.2 percent October comp gain.
Report: JackRabbit Hits Selling Block
Sources told Bloomberg Finish Line’s run specialty segment could draw interest from private equity firms and other sporting goods chains.
Under Armour Opens Boston Brand House
The new location will offer localized Boston apparel, including Boston Red Sox gear and the New England Patriots NFL Combine Authentic Team collection.
Can Finish Line Find A Buyer For JackRabbit?
The report of a potential sale comes as the segment is improving its business, yet still underperforming its parent company’s expectations.
Big 5 Sees Big Benefits From Competitor Closures
With Sports Authority and Sport Chalet out of business, Big 5 took advantage in the Western U.S. of being one of few remaining sporting goods outlets. But new competition is coming.
Foot Locker Unveils ‘Five Borough Challenge’ Team
Comprised of five local runners who have each overcome significant personal challenges, the team will run the first 13 miles of the 2016 TCS New York City Marathon together.
Hoka Partners With New Jersey New York Track Club
Running shoe brand owned by Deckers Brands adds its second sponsorship of a world-class running club.
Hibbett Sports Adds Board Member
Karen S. Etzkorn, EVP at HSNi, joins the board, bringing its current membership to nine directors.
