SGB Update Outdoor
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Newell Brands Sees Q4 Decline In Home & Outdoor Living Segment
Newell Brands reported its Home & Outdoor Living segment generated net sales of $768 million in the fourth quarter compared with $809 million in the prior year period, reflecting a core sales decline of 2.8 percent, the impact of unfavorable foreign exchange and the exit of 75 underperforming Yankee Candle retail stores during 2019.
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Unifi Announces Recipients Of Third Annual Repreve Champions Of Sustainability Awards
Unifi Inc. announced recipients of the third annual Champions of Sustainability awards, recognizing companies driving sustainability.
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SportChek Sees Modest Growth In Q4
Canadian Tire Corp. reported sales of its SportChek segment were up 1.3 percent in the fourth quarter with comparable sales gaining 2.0 percent.
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Yeti’s Q4 Sales Expand 23 Percent
Yeti Holdings Inc. reported adjusted net income rose 31 percent in the fourth quarter on a 23 percent revenue gain. Both earnings and sales exceeded Wall Street estimates.
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Fox Factory To Acquire SCA Performance Holdings
Fox Factory Inc., has signed a definitive agreement to acquire SCA Performance Holdings Inc., a leading OEM authorized specialty vehicle manufacturer (SVM) for light-duty trucks and SUVs with headquarters in Trussville, AL. The company also said its fourth quarter and full fiscal year 2019 outlook is expected to be slightly above its previous range.
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OBIT: Timberland’s Cassie Heppner
Catherine “Cassie” Heppner, a marketing executive at Timberland, has been identified as the woman fatally stabbed Sunday at Timberland’s headquarters in Stratham, NH. Timberland said in a statement, “Cassie was truly one-of-a-kind, and her passing leaves a void that will never be filled.” We extend our deepest condolences to her family and loved ones.”
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Thule’s Revenues Slide In Americas Region In Q4
Thule Group reported underlying EBIT rose 10.6 percent in the fourth quarter on a 4.7 percent revenue gain. On a currency-neutral basis, sales were up 0.6 percent and were down 5.7 percent in the Americas region.
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Kombi Sports Appoints Head Of Marketing And Digital
Kombi Sports Inc. announced that it has appointed Nathalie Binda as global vice president of marketing and digital. She joins the company’s senior leadership team. Binda joins Kombi from DavidsTea.
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Implus Corp. Announces Leadership Transition
Implus Corp., a leader provider of athletic, fitness and outdoor accessories, appointed Michael B. Polk as interim chief executive officer. Seth Richards, Implus CEO, and Todd Vore, president, are transitioning their leadership roles and will be leaving the company to pursue other opportunities.
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VF Corp Provides Update On Coronavirus Impact
VF Corp. said that at this time, about 60 percent of VF’s owned and partner stores in China have been temporarily closed due to coronavirus mitigation efforts. Stores currently open have experienced significant declines in retail traffic.
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Canada Goose Slashes Outlook On Coronavirus Fallout
Canada Goose cut its full-year forecast for sales and profit after reporting that the coronavirus is “having a material negative impact” on results. Sales are now expected to expand in the range of 13.8 percent to 15.0 percent in its year ended March 31, compared to at least 20 percent growth previously.
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Columbia Sportswear’s Q4 Impacted By Promotional Climate
Columbia Sportswear reported net earnings dipped 2 percent in the fourth quarter against adjusted year-ago results but still exceeded Wall Street’s consensus target. Revenues expanded 4 percent. Tim Boyle, CEO, said in a statement, “A challenging retail environment, particularly in outerwear, impacted sell-through performance and led to higher levels of promotional activity.”
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Mammoth Coolers Secures Nationwide Sales Representation
Mammoth Coolers announced that they now have nationwide sales representation coverage.
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L.L.Bean Announces Layoffs, Plans To Close Lewiston Call Center
L.L.Bean said it plans to layoff 200 employees companywide at the end of February and close its call center in Lewiston, ME in 2021.
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Oros Opens Pop-Up In Chicago
Oros, the outerwear start-up based in Portland, OR, has opened a pop-up in Chicago.