Can Fitbit Keep Up The Pace?
Officials cited challenges in the Asia-Pacific region, some softening of demand and production issues with the new Flex 2 wristband for a weak year-end outlook.
The North Face Donates $10K To Big City Mountaineers
The gift will help introduce underprivileged urban youth to the outdoors through wilderness mentoring experiences.
Gaiam And Heelys Drive Sequential Brands’ Q3
Although the company beat and met Wall Street’s top- and bottom-line expectations for the quarter, investors pounced on weaker full-year earnings projections.
Gildan Activewear Lowers 2016 Guidance, But ‘Very Bullish’ For 2017
Despite missing Wall Street’s revenue and profit estimates, plus lowering full-year guidance, investors were encouraged by Gildan’s 2017 outlook to send the stock up.
Anta Signs Manny Pacquiao
The Chinese sportswear brand hopes signing the boxer will improve its brand influence across the globe, as well as help strengthen its presence in the training and boxing market.
Sequential Brands’ Q3 Boosted By Acquisitions
Earnings grew 50 percent on an adjusted basis with the the help of healthy contributions from core brands Jessica Simpson, William Rast and Heelys as well as a number of recent acquisitions.
Adidas Q3 Earnings Climb 15.3 Percent
Adidas AG reported strong third-quarter results, helped by double-digit sales increases in its performance business and at its urban wear units Adidas Originals and Neo. The company also announced plans to restructure its Reebok brand.
Gildan Activewear Lowers Guidance On Q3 Shortfall
Gildan Activewear Inc. slightly lowered its guidance for the year due to lower than anticipated results in the third quarter and tempered branded apparel sales expectations in the fourth quarter.
Fitbit Outlook Falls Short, Stock Tumbles
With its growth and profits slowing and an outlook below expectations, Wall Street pummeled the fitness tracking company’s stock in afterhours trading.
Report: JackRabbit Hits Selling Block
Sources told Bloomberg Finish Line’s run specialty segment could draw interest from private equity firms and other sporting goods chains.
Under Armour Opens Boston Brand House
The new location will offer localized Boston apparel, including Boston Red Sox gear and the New England Patriots NFL Combine Authentic Team collection.
Can Finish Line Find A Buyer For JackRabbit?
The report of a potential sale comes as the segment is improving its business, yet still underperforming its parent company’s expectations.
Big 5 Sees Big Benefits From Competitor Closures
With Sports Authority and Sport Chalet out of business, Big 5 took advantage in the Western U.S. of being one of few remaining sporting goods outlets. But new competition is coming.
Herbalife Nutrition Shares CEO Transition Plan
Effective June 1, 2017, Richard P. Goudis, currently chief operating officer, will succeed Michael Johnson as CEO of the nutrition company.
Suunto Promotes Tillinghast To Lead Americas Omni-Channel Strategy
The manufacturer of sports watches, dive computers and precision instruments promoted Jason Tillinghast to regional commercial director – Americas.
