Sequential Buys Gaiam’s Consumer Branded Products
Sequential Brands Group, Inc. has agreed to acquire the branded consumer product business from Gaiam Inc. for a total purchase price of approximately $146 million in cash. As part of the transaction, Sequential will acquire Gaiam’s yoga, fitness and wellness product business – which includes the Gaiam and SPRI brands – with expansive distribution through […]
GoPro Q1 Sales Cut in Half
GoPro Inc.’s first-quarter 2016 sales were cut in half, but exceeded guidance as the wearable action camera brand looks for a rebound with new products. Quarterly sales, ended March 31, 2016, came in at $185.5 million, versus $363.1 million during the same period a year ago. Gross margins fell 1,260 basis points to 32.5 percent, […]
Big 5’s Q1 Stung by Retail Bankruptcies
Big 5 Sporting Goods reported going-out-of-business sales at Sports Authority and Sport Chalet caused its first quarter earnings to come in on the low side.
Sports Direct Pledges to Pay Minimum Wage in 2016
Sports Direct International plc pledged to pay its directly employed UK employees and directly engaged casual workers above the National Minimum Wage starting Jan. 1, 2016. The U.K.’s largest sporting goods retailer estimated the cost in relation to these direct employees and casual workers and other related costs and knock on costs are likely to […]
DSW’s Q3 Profits Slide
DSW Inc. reported third-quarter earnings slumped 20.7 percent to $39.3 million, or 44 cents a share, in line with recently updated guidance. Same-store sales sank 3.9 percent…
Asics to Sponsor International Volleyball Association
Asics reached a five-year global sponsorship agreement with the Federal International Volleyball Association. The new partnership, which will commence on Jan. 1, 2016 and end Dec. 31, 2020, will involve Asics supplying…
Keen Announces Keen Effect Grants
Keen unveiled the final seven fall 2015 grant recipients as part of its Keen Effect fan-activated grants program. Each receive $10,000 to inspire people to get outside…
Colorado Promotes ‘Fresh Air Friday’
Colorado is waiving fees to all 42 state parks on Black ‘Fresh Air Friday,’ to promote a day of outdoor recreation as an option to the state's “world-class shopping”…
Sierra Designs Seeks New Brand Manager After Glavin Departs
Sierra Designs and its brand manager Mike Glavin have parted ways. The specialty outdoor brand, now owned by Exxel Outdoors, is seeking a new leader…
Foot Locker’s Q3 Tops Street Estimates
Foot Locker Inc. reported that excluding a special charge related to litigation, earnings climbed 17 percent in the third quarter to $141 million, or 20 cents a share. Results exceeded Wall Street's consensus estimate of 94 cents a share. Comparable-
Duluth Trading Co. IPO Prices Below Expectations
Duluth Holdings Inc. priced its IPO at $12 a share Friday morning, below the $14 to $16 range the company was targeting two weeks ago. Unlike many tech companies, however, the workwear and casual lifestyle brand got 'er done…
Hibbett Sports Holds Margins on Modest Comp Growth
Hibbett Sports Inc. net sales increased 4.6 percent to $228.3 million in the third quarter ended Oct. 31 on a 0.6 percent increase in comparable store sales compared with the third quarter a year ago…
New Study Catalogs Bike Initiatives in 70 Gobal Cities
The European Cyclists Federation and World Council on Cycling published a study showcasing the ambitions of 70 cities from around the world to increase their mode share of cycling…
Skechers Claims Partial Victory in Converse Patent Ruling
Skechers USA Inc. claimed a partial victory Thursday in its patent infringement dispute with Nike Inc. subsidiary Converse Inc. relating to the Converse Chuck Taylor shoe…
New Balance Launches 3D Printed Running Shoe
New Balance said it will be launching the first running shoe with a 3D printed midsole. Through an exclusive collaboration with 3D Systems and their newly developed elastomeric powder, DuraForm Flex TPU, New Balance has made significant advancements…
