Caleres Inc., the parent of Famous Footwear, reported fourth-quarter earnings came in below plan and said it expects headwinds between 15 cents to 20 cents in the first quarter tied to the coronavirus outbreak. Famous Footwear's comps were up 5.1 percent in the fourth quarter. (Read More)
The NYC Half Marathon and New Balance Indoor Nationals, both scheduled for this weekend, have been canceled while the Spartan Race in San Luis Obispo, CA, also set to take place this weekend, has been postponed. (Read More)
Montreal, Quebec-based Dorel Industries Inc.—whose bike brands include Cannondale, Schwinn, GT, Mongoose, Caloi, and IronHorse—this week reported revenue for the fourth quarter of $653.4 million, down 4.4 percent from $683.5 million a year ago. Cannondale stood out for the company in Q4. Dorel also announced plans to bolster its European Cycling Sports Group operations to support Cannondale's growth there. (Read More)
Genesco Inc., the parent of Journeys, reported earnings on an adjusted basis grew 42 percent in the fourth quarter as comp sales rose 1 percent. (Read More)
Safoli Group S.P.A., the parent of the Smith Optics brand, reported sales in 2019 grew 3.1 percent on a reported basis and gained 0.9 percent at constant exchange rates. (Read More)
John Walbrecht, president of Clarus Corp. and its flagship brand Black Diamond (BD), said the Salt Lake City, UT-based company could be adding another asset to its portfolio that also includes Sierra Bullets, Pieps and SKINourishment. His comments came after a strong Q4 led by double-digit growth at Black Diamond. (Read More)
Adidas said it expects first-quarter sales to fall more than 10 percent as revenues in Greater China tumble between €0.8 billion and €1.0 billion below the prior-year level due to the coronavirus outbreak. The guidance assumes a decline of about €100 million in Japan and South Korea while the rest of the world grows at a currency-neutral 6 percent to 8 percent. (Read More)
In the wake of the coronavirus, TransAsia TanTec, ISA TanTec, issued a release that its second tannery in Vietnam—and fifth in the world—started trial production last week with a projected monthly capacity of 1.5 million square feet after the trial production is completed. (Read More)
Dick’s Sporting Goods reported earnings in the fourth-quarter that again topped Wall Street’s targets as same-store sales jumped 5.3 percent. Plans for 2020 included big investments in golf and soccer categories as well as women's overall. But all the attention went to the retailer’s decision to remove the hunt category from another 440 stores. (Read More)
Dick's Sporting Goods reported fourth-quarter earnings topped Wall Street's expectations as same-store sales rose 5.3 percent. The retailer also announced it was removing the hunt category from another 440 stores. (Read More)
The Sports & Fitness Industry Association cancels the National Health Through Fitness Day, scheduled to take place on March 10-11 in Washington, DC. (Read More)
The Sea Otter Classic, the outdoor cycling festival held in Monterey County, CA, has postponed its April event. (Read More)
The Boston Pro Show and Fitness Expo have offered to help displaced vendors and sponsors who were prevented from attending this past weekend's Arnold Sports Festival Expo in Columbus, OH, due to global coronavirus concerns. (Read More)
Freemotion Fitness said that due to the recent announcement of a state of emergency in California, the ongoing global concerns, and uncertainty over the spread of the Coronavirus, it has made the "difficult decision" to withdraw from IHRSA 2020 in San Diego. (Read More)
Precor said it won't attend the IHRSA 2020 trade show in San Diego "due to the recent increase in coronavirus related health risks" and staff concerns. (Read More)
Hyperice’s merger with NormaTec is expected to help both companies accelerate their growth. But NormaTec’s CEO Gilad Jacobs tells SGB Executive that the bigger impact will be helping drive both companies’ shared goal of bringing recovery solutions to everyday people. (Read More)
The fiscal third quarter brought significant change to American Outdoor Brands Corp. (AOBC), whose portfolio includes the iconic firearms maker Smith & Wesson plus several brands in the sportsman’s and outdoor gear categories. Despite some stumbles in Q3, look for AOBC’s post-spinoff companies to prosper. (Read More)
Top headlines from across the active lifestyle industry featured in SGB during the week of March 2, 2020. (Read More)
Keiser Corporation has decided to withdraw from the IHRSA 2020 Convention and Trade Show in San Diego, CA due to the continuing global spread of the coronavirus. Keiser is one of a very few companies that has exhibited at every IHRSA Conference since its inception.Dennis Keiser, President of Keiser, issued a statement. (Read More)
American Outdoor Brands Corp., parent company of Smith & Wesson, on Thursday reported earnings per share for the fiscal third quarter ended January 31 of 13 cents, which missed Wall Streets’ targets by 10 cents. Q3 revenue of $166.7 million was short $20.6 million. The company’s quarterly earnings release comes as a big transition looms. (Read More)