VF’s Q1 Boosted By Momentum Behind North Face And Vans
The North Face increased 4 percent in the Americas region, driven by low-teen growth in D2C that offset a low-single-digit decrease in wholesale due to doors lost to bankruptcies. Vans was up 6 percent in the Americas, while Timberland’s sales in the region were down 7 percent as the brand works to reduce its reliance on Classics.
Columbia Sportswear Trims Sales Guidance On Retail’s Closures
“The slight reduction in top-line expectations primarily reflects the incremental bankruptcies, liquidations and store closures that we’ve become aware of, as well as a more cautious posture adopted by our U.S. wholesale customers since February,” said CEO Tim Boyle on a conference call with analysts.
Brunswick’s Fitness Segment Profits Decline In Q1
Sales in the U.S. were down, excluding the impact of acquisitions, reflecting anticipated declines in Cybex revenues, while overall commercial fitness revenue trends were stable.
Hydro Flask’s Growth Momentum Continues In Q1
Julien Mininberg, CEO of Helen of Troy, on a conference call with analysts said Hydro Flask’s growth is being fueled by strong demand for the overall water bottle category, new products, more balanced distribution and strong online sales.
Hydro Flask’s Sales Expand 7.6 In The First Quarter
“We are very pleased with the performance of Hydro Flask, which has exceeded our expectations and further diversified our portfolio,” said Julien Mininberg, CEO of Helen of Troy on a conference call with analysts.
Nike Partners With Penn Relays
Nike becomes the exclusive athletic footwear and apparel supplier and sponsor of the Penn Relays through the 2020 Olympiad.
Brunswick Corp’s Profits Inch Up In Q1
Among its segments, sales grew 14 percent in Boat, 8 percent in Fitness and 6 percent in marine engine.
Altra Partners With Utah State University
Utah State University’s Outdoor Product Design and Development (OPDD) program announces a partnership with Altra Footwear, the running footwear brand known for its unique FootShape toe box and Zero Drop running shoes.
GoPro Reports 19.1 Percent Rise In Quarterly Revenue
Said Nicholas Woodman, GoPro’s Founder and CEO. “We had a great first quarter and feel good about our outlook for the second quarter. We remain on track toward our goal of returning to full-year non-GAAP profitability in 2017.”
Polartec To Auction Off Boston-Area Manufacturing Plant
The manufacturing of Polartec fleece at the nearly 600,000-square-foot plant ended last year, when Polartec LLC laid off more than 200 employees and moved operations to Tennessee.
G-Form Signs LA Galaxy’s Jermaine Jones
The impact protection company inked a two-year partnership with Los Angeles Galaxy central midfielder and United States Men’s National Team (USMNT) veteran Jermaine Jones.
Under Armour’s Shares Jump As Q1 Loss Less Than Feared
Shares of Under Armour rose $1.68, or 9.3 percent to $19.82 on Wednesday after the company posted a loss that was lower than Wall Street expected. Officials kept its guidance for the year but indicated that its category management initiatives are making progress.
Amer Sports Q1 Net Slides On Weakness In Outdoor And Ball Sports
Earnings were impacted by lower margins in its Outdoor segment and reduced sales in its Ball Sports segment.
Wahoo Fitness Partners With Rapha Cycling Club
A first for the RCC, the partnership with Wahoo Fitness will allow members to benefit from Wahoo’s product lineup.
Champs Launches ‘The Moment’ Starring Julio Jones And MIGOS
Following two earlier collaborations between athletes and artists, the third episode spotlights Jones as he lives in his “moment” standing at the top of his sport.
