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.
Deckers Brands Q3 Falls Well Short Of Guidance
Deckers Brands’ earnings were impacted by a charge of $118 million for write-downs at Sanuk, as well as other restructuring charges and a slow start to the holiday season.
Are EMS And Bob’s Stores Back On The Selling Block?
Seven months after emerging from bankruptcy proceedings, Bob’s Stores and Eastern Mountain Sports (EMS) are reportedly heading back to Chapter 11 proceedings and may have already found another buyer, Sports Direct International.
Under Armour’s Debt Ratings Cut To Junk Status
Said S&P analyst Mariola Borysiak, “We now believe the company will generate about 10 percent sales growth annually and margins will be in the 12 percent range, which results in leverage slightly below 3x.”
Salomon Launches Trail Running Video Series
The 10-part series follows three runners — two of them Salomon employees — as they prepare to take on their first trail running race.
