Johnson Outdoors Delivers Record Results In 2017
Johnson Outdoors Inc. announced all-time high revenue and earnings for fiscal 2017. Strong on-going marketplace momentum of new products in the company’s core fishing, diving and camp cook brands drove a 13 percent increase in sales as operating profit grew 99 percent and net income rose 160 percent year-over-year.
Duluth Holdings Sees 25 Percent Q3 Growth
Duluth Holdings Inc., the parent of Duluth Trading Company, reported sales in the third quarter rose 25.0 percent. The company showed a loss in the period.
Cowen Cuts Adidas’ Estimates On North America Growth Concerns
Cowen lowered its estimates on Adidas for 2018 due to its belief that Nike’s product cycle is improving, heightened promotions are being seen in North America on the Adidas brand, and a possible moderation in Europe.
Lululemon Rebuts Athleisure Critics In Q3
Lululemon’s better-than-expected third quarter benefited from a 25 percent hike in e-commerce sales, growing momentum internationally, and growth of more than 20 percent in women’s pants, jackets and outerwear, and men’s.
Smith Appoints Andy McCabe As Creative Director
Smith also promoted Cara Shumate to art manager and appointed Cody Browning to the role of senior graphic designer.
Vail Resorts Sees Robust Early Season Pass Sales
Vail Resorts Inc. reported season pass sales for the North American ski season are up approximately 14 percent in units and approximately 20 percent in sales dollars through December 3, 2017.
GCI Outdoor Donates Wreaths To Wreaths Across America
With a mission to Remember, Honor and Teach, Wreaths Across America coordinates wreath laying ceremonies at over 1,200 cemeteries worldwide.
Cherokee Cuts Guidance, Eyes Growth In 2018
Henry Stupp, CEO, said the company’s acquisition of Hi-Tec has been “undoubtedly more costly and time-intensive than we originally forecasted.” The flagship Cherokee’s brand transition away from Target is taking longer than expected while Tony Hawk’s revenues are being impacted by weakness in Canada.
Access Fund Will Sue Federal Government To Defend Bears Ears
Access Fund named President Donald Trump, Interior Secretary Ryan Zinke and other administration officials in a lawsuit to defend Bears Ears National Monument on the grounds that Trump’s Presidential Proclamation #9558 violates both the Antiquities Act and the United States Constitution.
Canfield’s Sporting Goods In Omaha To Close
Canfield’s Sporting Goods in Omaha, NE will be closing after 71 years in business, according to a report from the Omaha World-Herald.
Black Crows Teams Up With White Cloud Communication
The French ski brand is also preparing to launch a comprehensive apparel line for the 2018/19 winter season.
Surf Expo To Launch Bluewater Category
Bluewater will cater to inshore and offshore apparel and accessory companies and will be anchored by legacy exhibiting companies Salt Life, Bimini Bay and Yeti.
The Conservation Alliance Funds Legal Challenges To Trump Assault On National Monuments
The Conservation Alliance made a $75,000 grant to Earthjustice, supporting the organization’s legal challenges to President Trump’s unprecedented changes to national monument boundaries. The grant is the largest contribution The Conservation Alliance has ever made.
Deckers Brands Sends Letter To Shareholders In Proxy Fight
Deckers Brands said its its Board of Directors is sending a letter to stockholders highlighting support from leading proxy advisory firm Glass Lewis, as well as Deckers’ sell-side analysts.
Cherokee Posts Q3 Loss And Reduces Full-Year Guidance
Cherokee Global Brands reported a loss of $2.5 million, or 18 cents a share, in the third quarter and reduced its guidance for the year.
