Newell Brands Core Sporting Goods Sales Bounce Back In Q3
Pro forma core sales, which exclude the K2 Sports and the Marker and Volkl winter sports businesses that are being held for sale, increased 2.9 percent compared with prior year primarily driven by strong growth in Fishing, Technical Apparel and Team Sports, partially offset by declines on Coleman related to early 2016 distribution losses.
The North Face Adds Three Snowboarders
The North Face announced the addition of Austin Smith, Jossi Wells, Cole Navin, and Jake Blauvelt to its snow team.
Puma’s Parent The Latest To Protest Travel Ban
François-Henri Pinault, chairman and CEO of Kering, the parent of Puma and Volcom as well as Gucci, Yves Saint Laurent and other luxury brands, has joined a number of executives protesting President Trump’s executive order blocking immigrants.
Dick’s True Runner Closes Two Locations
True Runner, the run specialty concept owned by Dick’s Sporting Goods, has closed its stores in St. Louis and the Shadyside section of Pittsburgh. One location continues to operate in Chestnut Hill, MA.
Trek Acquires Revolution Cycles
Trek Bicycle has purchased Revolution Cycles, a four-store chain with locations in Washington, D.C.; Stafford and Arlington, VA; and Rockville, MD,.
GoPro’s Revenues Again Fall Short
GoPro reported fourth-quarter sales that fell short of expectations and provided a weak revenue guidance for the first quarter, but management remained optimistic that it will return to profitability this year.
Deckers Profits Dragged Down By Sanuk Write-Down
Deckers Brands cut its guidance while reporting a sharply lower quarterly profit on lower sales during the holiday period and a write-down of its Sanuk sandals brand.
Calloway Golf Benefiting From Competitor Exits
On a conference call with analysts, Chip Brewer, president and CEO, described market conditions as “choppy with softness in both Asia and Americas.” But he said the overall golf market is becoming more rational, which bodes well for the long run.
International Basketball Federation To Allow Religious Headgear
The Council on American-Islamic Relations welcomed a move by Switzerland-based FIBA to allow athletes to wear religious headgear, including the Islamic head scarf (hijab).
HanesBrands Q4 Stung By Weak Replenishment
Blaming the disruption to brick & mortar stores caused by the shift to online selling, HanesBrands, the parent of Champion, reported fourth-quarter earnings that missed plan. The company also provided weak guidance for 2017.
Nike, Dick’s And Others Band Together To Fight Border Tax
Nike, Dick’s Sporting Goods and more than 100 other companies have joined together to launch Americans for Affordable Products, a campaign to defeat the border adjustable tax (BAT).
HanesBrands Sees Double-Digit Q4 Revenue Gains
The parent of Champion and Hanes reported earnings on an adjusted basis grew 20 percent in the fourth quarter on an 11.2 percent sales gain.
GoPro Offers Disappointing Outlook
GoPro reported sales for the fourth quarter that slightly missed Wall Street targets while its first-quarter guidance fell well short.
Callaway Golf Reports Profit Against Loss In Q4
Fourth quarter net sales grew by 7 percent, or 5 percent on a constant currency basis, resulting in full-year net sales growth of 3 percent, or 2 percent on a constant currency basis.
