Vasque Urges Discussion Around Outdoor Retailer Venue Exploration
Vasque announced its commitment to work in partnership with other outdoor brands, to support the Outdoor Industry Association’s goal to find a venue and city that reflects the values of the outdoor industry.
Performance Sports Group Reaches Settlement With Q30 Sports
Performance Sports Group Ltd. reached a settlement with Q30 Sports LLC to obtain the latter’s consent to the assignment of a license and related agreements to support its sale in bankruptcy proceedings.
Adidas Signs Lionel Messi To Lifetime Contract
Adidas signed Lionel Messi to a lifetime contract, according to Cope. The signing was confirmed by Messi via a Facebook post.
Reebok Releases ‘Nevertheless She Persisted’ T-Shirt
Reebok released a t-shirt in honor of Sen. Elizabeth Warren, who last week was silenced on the Senate floor when she read from a letter Coretta Scott King wrote in 1986.
Peloton Appoints Former Barnes & Noble CEO As President
Peloton, a specialist in home cycling, appointed William Lynch, former CEO at Barnes & Noble, as president.
Aisle Talk, Week Of February 6
Top headlines from the active lifestyle industry you may have missed this week.
Amer Sports Q4 Impacted By Postponements, Delays And Market Softness
On a conference call with analysts, Heikki Takala, president and CEO, noted that overall market “softened further” in the period. Amer Sports chose to “avoid promotions in a quite promotional environment,” boosting gross margins in the period.
Columbia Sportswear Delivers Upbeat Forecast For 2017
Again boosted by expanding gross margins and solid growth in its flagship brand, Columbia Sportswear reported fourth-quarter earnings that easily topped Wall Street’s targets. In its initial forecast, Columbia said it expects 4 percent earnings growth on 4 percent sales growth for 2017.
Under Armour Issues Second Statement On Trump Comments
In response to the growing controversy over CEO Kevin Plank’s positive comments on President Donald Trump on Tuesday on CNBC, Under Armour issued a second statement asserting the company’s culture “has always been about optimism, teamwork, and unity,” while going a further step by stating the company is against the travel ban.
Skechers Finds International Strength Can’t Offset Domestic Weakness
Encouragingly, Skechers ended the year with positive domestic and international backlogs and the highest incoming order rate for fourth quarter and full year in the company history.
Misty Copeland And Dwayne “The Rock” Johnson Address Under Armour Trump Controversy
World-class ballerina Misty Copeland and actor Dwayne “The Rock” Johnson took to social media to oppose flattering comments made by the company’s founder and CEO about President Donald Trump.
Amer Sports’s Q4 Earnings Slide
Results were impacted by sports instruments product launches that were postponed to 2017 due to technical issues, as well as a delayed impact from some fitness product launches.
Skechers Q4 Profits Tumble
Skechers USA reported net earnings plunged 77.4 percent to $6.7 million, or 4 cents a share, although sales came in ahead of guidance.
Puma Predicts Sharp Earnings Gains For 2017
Closing out 2016 with double-digit growth in all regions and fatter gross margins in the fourth quarter, Puma SE offered a bullish outlook for 2017, expecting operating earnings to climb between 33 and 49 percent.
Mizuno Cuts Outlook On Americas Weakness
The Americas region showed an operating loss of ¥1.74 billion in the nine months ended December 31 as sales dropped 24.7 percent.
