Asics’ 2016 Earnings Stung By U.S. Weakness
Asics Corp. reported operating earnings in the year were down modestly primarily due to foreign exchange losses. A double-digit drop in the U.S. and the strong yen led to a decline in revenues.
Hibbett’s Q4 Earnings Miss Guidance
Hibbett Sports Inc. said it expects earnings to slump between 28 to 30 percent in the fourth quarter, well below guidance, as same-store sales slid 2.2 percent.
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Lacrosse Unlimited Appoints VP Of Merchandising
Sue Breslin Davidson’s most recent position was at Ralph Lauren, where she was the senior director, divisional merchandise manager.
Gander Mountain Mulling Chapter 11
Gander Mountain Co. may soon become the latest retailer in the active lifestyle space to land in bankruptcy court, perhaps as soon as this month.
Nike Takes A Stand For Equality
This campaign is supported by a new film – featuring LeBron James, Serena Williams, Kevin Durant, Megan Rapinoe, Dalilah Muhammad, Gabby Douglas and Victor Cruz – that amplifies the voice of athletes, using the power of sport to create conversation, inspire people to act and press for lasting change in their communities.
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.
