GoPro Inc. on Monday announced that it plans to move most of its U.S.-bound camera production out of China by the summer of 2019 to mitigate the potential impact of inclusion on any new tariff lists. International-bound camera production will remain in China.
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American Outdoor Brands Find Bundling Jumpstarts Firearms Growth
Despite ongoing weakness in firearms demand, American Outdoor Brands, the parent of Smith & Wesson, managed to post a 10.2 percent gain in revenues in its firearms segment in the second quarter ended October 31. The improvement stemmed from a successful ‘bundle’ promotions booked earlier in the year and shipped in the second quarter
Chinese Investor Consortium Reaches Agreement To Acquire Amer Sports
A consortium led by China’s Anta Sports made an offer to acquire Finland’s Amer Sports in a deal that values the company at €4.6 billion (US$5.23 billion) and Amer’s board is recommending shareholders approve the offer. The consortium plans to operate Amer Sports independently from Anta, with a separate board of directors.
American Outdoor Brands Lifts Annual Guidance On Robust Q2
American Outdoor Brands Corp., the parent of Smith & Wesson, reported earnings on an adjusted basis rose 74.6 percent in the second quarter ended October 31 as sales grew 8.9 percent.
Amer Close To Signing Anta Merger Deal
Amer Sports is in final negotiations regarding a merger with a consortium led by China’s Anta Sports, according to reports from Reuters and Bloomberg.
Fjallraven North America’s Nathan Dopp Shares Brand Outlook
Nathan Dopp, deputy CEO and president of the Americas for Fjallraven North America, spoke with SGB at last month’s Outdoor Retailer Winter Market in Denver, CO, where he shared what’s on tap for the brand in 2019 and beyond.
J.P. Morgan Turns Bullish On Nike’s North American Momentum
J.P. Morgan raised its price target on Nike Inc. to $85 from $81 as the investment firm has grown more convinced that Nike’s momentum in North America is accelerating. Based on its own recent fieldwork, J.P. Morgan raised its North America revenue estimate to 9 percent growth for Nike’s second quarter ended November 30.
Report: Lululemon Founder Close To Joining Anta’s Bid For Amer Sports
Chip Wilson, Lululemon’s founder, is in talks to join Anta’s investment consortium in its bid for Amer Sports, according to a report from Bloomberg. Wilson, whose net value is reportedly worth $3.5 billion, is exploring taking a 20 percent stake in the consortium.
AAFA’s 2019 American Image Awards Honorees Include Birkenstock, United Legwear
The American Apparel & Footwear Association’s 2019 AAFA American Image Awards honorees include United Legwear & Apparel, a joint venture partner of Puma and licensee of Skechers and Champion; as well as Birkenstock.
Asics America Appoints Sean Mannion As VP Of Sales
Asics America Corp. has appointed Sean Mannion, formerly at Under Armour, as VP of sales. His last position at Under Armour was general manager and senior director of sales, managing footwear, apparel and accessories in the sporting goods, mall and family retail channels.
Riddell Partners With The Alliance of American Football
Riddell and The Alliance of American Football announced a multi-year partnership bringing the latest in football helmet technology and protective equipment to the new league and its players. Riddell will serve as the official protective equipment partner of The Alliance through the 2021 season.
Asics America Partners With Right To Play
Asics America Corporation is teaming up with Right To Play (RTP) this holiday season to help get kids moving, powered by the contributions of consumers at Asics stores across the country this Giving Tuesday.
SGB Executive Q&A: Scarpa North America CEO Kim Miller
Scarpa North America CEO Kim Miller sat down with SGB recently to discuss a wide range of topics, from the changes he’s seen in the footwear business over a long career to Scarpa’s success as a family-owned boot and shoe maker for 80 years to how the industry can raise its voice on such issues as public lands.
Mizuno’s Americas Region Returns To Profitability In Six Months
Mizuno Corp. reported that sales in the Americas dropped 16 percent in the second quarter ended September 30 but the region returned to the black in the six months.
American Alpine Club Engages Veteran Community
The effort – led in large part by active-duty military members of the American Alpine Club – seeks to engage the veteran community by offering discounted club membership, hosting veteran-focused climbing events, and promoting wellness and camaraderie through the pursuit of climbing.
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