SGB Update Outdoor
Play It Again Sports Parent Expands Earnings In 2019
Winmark Corp., the parent of Play It Again Sports, reported earnings rose 10.4 percent in the fourth quarter to $8.46 million, or $2.08 per share, from $7.66 million, or $1.83, for the same period last year.
Wolverine World Wide Sees Five Percent Growth In Q4
Wolverine World Wide Inc. reported sales rose 4.8 percent in the fourth quarter, boosted by mid-teens revenue growth from Merrell and Sperry and saw earnings top Wall Street’s guidance. For the current year, however, the company provided a soft outlook, citing the negative impact of the coronavirus outbreak.
VF Corp. Again Recognized For Ethics
VF Corp. has been recognized by Ethisphere, a global leader in defining and advancing the standards of ethical business practices, as one of the 2020 World’s Most Ethical Companies for the fourth consecutive year.
Timberland Offering To Plant Trees In Exchange For Slower Delivery
Timberland is offering to plant a tree every time an online customer chooses to have their orders delivered in four to eight days versus the standard three days, according to a report from Reuters.
GymShark To Open First Pop-Up Store
GymShark, the U.K.-based fitness apparel start-up, announced the opening its first-ever pop-up store in Central London.
KORR Acquisitions Group Urges GoPro To Explore Sale
Korr Acquisitions sent a letter to GoPro’s Board of Directors, saying the stock could be worth $9.49-$14.97 per share to a buyer. The firm urged the company to explore strategic alternatives.
Wolverine Worldwide’s Expanded Efforts To Address PFAS Approved By Federal Judge
Wolverine World Wide Inc. announced that U.S. District Judge Janet T. Neff has approved a Consent Decree reached earlier this month among the company, the State of Michigan, Plainfield Charter Township, and Algoma Township. This Consent Decree resolves the litigation between the parties and includes significant next steps in Wolverine’s already extensive efforts to ensure long-term water quality and continued environmental remediation in and around its hometown.
REI Ranks As Top Employer
REI Co-op was again recognized as a top employer, ranking 60 on Fortune’s 100 Best Companies to Work For list.
Occupancy Keeps Softening At Mountain Destinations Despite Favorable Slope Conditions
Despite the widely-reported favorable skiing and riding, and robust economic indicators, aggregated data from 18 western mountain communities is showing that lodging occupancy is actually slipping in year-over-year comparisons, according to the most recent Market Briefing released by DestiMetrics from Inntopia.
Boy Scouts Of America Files Bankruptcy
The Boy Scouts of America (BSA) said on Tuesday that it had filed for Chapter 11 bankruptcy amid a flood of lawsuits over allegations of child sexual abuse stretching back decades.
Moody’s Assigns A3 Ratings To VF’s Proposed Euro Notes
Moody’s Investors Service assigned A3 ratings to V.F. Corporation’s proposed senior unsecured Euro notes. The stable outlook reflects Moody’s expectation that the company will maintain its strong position in the global apparel industry and sustain longer term positive trends in revenue growth while continuing to generate healthy operating margins.
Yeti To Conduct Secondary Stock Offering
Yeti Holdings Inc. announced the commencement of an underwritten public offering of 15 million shares of Yeti’s common stock by certain of its stockholders.
S&P Reduces Boardriders’ Outlook To Negative
S&P Global Ratings lowered its debt ratings outlook on Boardriders Inc. reflecting our revised expectations for negative free operating cash flows (FOCF) through fiscal 2020 and the potential for a covenant violation.
Moncler’s Revenues Expand Double-Digits In 2019
Moncler reported sales of €1.627 billion its year ended December 31, up 13 percent at constant exchange rates and 15 percent at current exchange rates.
Kering Not Pursuing Moncler Acquisition
Kering chairman and chief executive officer François-Henri Pinault refuted rumors that his firm is exploring the acquisition of Moncler, the Italian luxury outerwear label.
