SGB Update Apparel
The Association Of Golf Merchandisers Appoints Marketing Manager
The Association of Golf Merchandisers (AGM) announced the appointment of Jennifer Morton to the newly created position of marketing manager.
Emerald Holding Sees Sales Collapse On Cancelled Shows
Emerald Holding Inc. reported revenues of $8.5 million in the third quarter ended September 30 compared to revenues of $75.6 million for the third quarter of 2019, a decrease of 88.8 percent. The decrease primarily reflected a $68.0 million reduction from the cancellation of substantially all third-quarter events due to COVID-19 most notably ASD August, NY NOW August, CEDIA Expo, and Modern Day Marine.
Callaway Golf’s Debt Rating Outlook Lowered Following Topgolf Acquisition
Moody’s affirmed Callaway’s B1 CFR following the announcement of its plan to acquire acquisition but changed its outlook to negative. S&P placed all its debt ratings on Callaway on CreditWatch with negative implications.
Surf Expo To Hold In-Person Show In January
Surf Expo announced its upcoming January 6-8, 2021 show will take place in the West Concourse of the Orange County Convention Center, a shift from the North/South Hall where the show has been held previously.
NPD Study Predicts Strong Sales Gains For “New Holiday Period”
NPD’s annual Holiday Purchase Intentions study predicts sales increasing in the range of 4.3 to 5.1 percent for the “new holiday period”, beginning in mid-October with early promotions, running through mid-January with gift card redemption. The estimate also spans a broader view of NPD’s discretionary categories.
VF Corp. Appoints VP, Global Inclusion & Diversity
VF Corp. announced the appointment of Lauren Guthrie to the position of vice president, global inclusion & diversity (I&D).
Nike Partners With Lazada, Southeast Asia’s E-Comm Platform
Nike has partnered with Lazada, Southeast Asia’s e-commerce platform, to reach consumers across Indonesia, Malaysia, the Philippines, Singapore and Thailand through the Nike LazMall Flagship Store.
Centric Brands Appoints Chairman
Centric Brands LLC said Marc Schneider has been appointed chairman of its Board of Directors.
Former Nike Digital VP Joins Postmates
Mike Buckley, a former VP at Nike Digital, has joined Postmates, the delivery platform, as SVP of Business.
Lululemon Athletica Announces Leadership Appointments
Lululemon Athletica Inc. announced several leadership appointments, including company veteran Celeste Burgoyne becoming the first executive to serve at the president level in her role leading the Americas and Global Guest Innovation teams. The company also announced the hire of longtime Adidas executive André Maestrini to serve as EVP, International and lead the company’s international expansion.
Newell’s Outdoor & Rec Segment Delivers Q3 Revenue Gain Of 8 Percent
Newell Brands’ Outdoor & Recreation segment generated net sales of $383 million compared with $356 million in the prior-year period, reflecting a gain of 7.6 percent. The gain reflects a core sales increase of 8.1 percent and the impact of unfavorable foreign exchange.
Under Armour Enters Agreement To Sell MyFitnessPal Platform
Under Armour Inc. announced that it has entered into a definitive agreement to sell the MyFitnessPal platform to Francisco Partners. Under Armour also said it will discontinue its Endomondo platform’s operations at the end of 2020.
Under Armour’s Q3 Tops Wall Street’s Targets
Under Armour Inc.’s third-quarter results topped analyst targets due to improving performance in North America and a 19 percent sales gain in footwear. The company also provided a full-year outlook that was better than expected.
Columbia Sportswear’s Q3 Profits Slump 47 Percent
Columbia Sportswear reported earnings fell 47 percent in the third quarter as revenues were down 23 percent. Both sales and EPS came in below Wall Street’s consensus targets. Looking forward, the company predicted fourth-quarter earnings would decline between 20 and 35 percent as sales slump in the range of 8 to 11 percent.
The Big Gear Show 2021 Drives Hardgood’s Innovation
The Big Gear Show announced a new location, invitation-only format and growth-driving resources for 2021. The show will feature 500 hand-selected retailers and 250 brands across the outdoor and cycling industries. Its inaugural event was canceled due to COVID-19. The Show will take place on August 3-5, 2021, in Park City, UT at The Deer […]
