Cocona’s Patent Infringement Lawsuit Moving Forward
After various procedural delays related to motions filed by Columbia Sportswear, the United States District Court for the District of Colorado issued a series of orders that will allow the lawsuit filed by Cocona Inc. against Columbia Sportswear and The North Face for violating U.S. Patent No. 8,945,287 B2 to proceed in Colorado, according to a statement from Cocona.
Adidas’ Q3 Earnings Jump 35 percent
Adidas AG reported net earnings rose 35 percent in the third quarter as sales improved 12 percent on a currency-neutral basis. The gains were driven by Greater China, up 28 percent, and North America, ahead 23 percent, driven by the Adidas brand.
Sport Chek Sees Modest Comp Gain In Q3
Canadian Tire reported sales its FGL Sports segment were up 0.5 percent in the third quarter with same-store sales were up 0.4 percent. Same-store sales at Sport Chek were up 0.4 percent.
Vista Outdoor Accelerates Restructuring Efforts
While reporting a second-quarter loss, Vista Outdoor took combined charges of $152 million for write downs in its Sports Protection and Hunting and Shooting Accessories businesses. The company also announced plans to sell Bollé, Serengeti and Cébé and the elimination of the Shooting Sports segment president position.
Safilo Group’s Earnings Slide In Q3
Safilo Group, the parent of Smith, reported adjusted EBITDA declined 19.6 percent in the third quarter.
Dick’s Sets 2017 Holiday Game Plan
Dick’s Sporting Goods’ holiday plans include extended store hours on Thanksgiving; Black Friday savings beginning on Sunday, November 19; exclusive styles from Adidas and the Bowflex M5; and free shipping on online orders.
Wolverine’s Revenues Continue To Recover
Boosted by an uptick in sales at Merrell and Saucony, Wolverine World Wide reported its second consecutive quarter of underlying growth. Merrill and Saucony grew mid-single digits, Chaco jumped strong double-digits and Wolverine brand gained low-single digits. Sperry was down mid-single digits.
Crocs Profits Recover, Revenues Stagnate
While Crocs’ third quarter showed that its bottom-line to benefit from cost-cutting initiatives and focus on higher-margin sales, top-line growth remains a struggle and management inferred that sales would be flat in 2018.
Burton Unveils U.S. Snowboard Team Uniforms
With less than 100 days until the opening ceremony of the upcoming Olympic Winter Games, Burton Snowboards officially unveiled the 2018 Olympic uniforms to be worn by the U.S. Snowboard Team.
Outside’s Best Places to Work 2017 Arrives
Peak Design, SportRx, Nuun, Powder7, Eagle Creek, SlideBelts, Toad and Co. and DryCase each earned a spot on Outside magazine’s Best Places to Work 2017.
OIA Responds to Formation Of Outdoor Recreation Advisory Committee
OIA wrote, “We believe the best way to invest in, expand access to and improve infrastructure on our nation’s public lands is through the protection of those public lands, including keeping our national monuments intact.”
Wolverine’s Q3 Profits Slump On Charges
Wolverine Worldwide Inc. reported earnings fell 51.9 percent on restructuring activities around its Wolverine Way Forward program, but adjusted earnings declined slightly and exceeded Wall Street’s target. Wolverine also raised its operating margin goal for 2018.
Ibex Undergoes Layoffs
Ibex said it has laid off 12 of its employees at its headquarters in Vermont but, contrary to reports, has no plans to cease operations.
Secretary Zinke Announces Creation Of “Made in America” Recreation Advisory Committee
U.S. Secretary of the Interior Ryan Zinke announced the establishment of the “Made in America” Recreation Advisory Committee. The Committee will advise the Secretary of the Interior on public-private partnerships across all public lands, with the goal of expanding access to and improving infrastructure on public lands and waterways.
REI And POWDR Partner Around Adventure Programs
During the winter, REI Outdoor School guides will lead experiences such as snowshoeing, fat biking, and winter hikes, and social outings like mountain mixology. In summer, participants will be able to mountain bike, learn wilderness medicine, camp, and hike.
