SGB Update Outdoor
Rocky Brands Announces New Share Repurchase Program
Rocky Brands Inc. announced that its board of directors has approved a new share repurchase program of up to $7.5 million of the company’s outstanding common stock.
U.S. And China Near Deal
The U.S. and China are close to a trade deal that could lift most or all U.S. tariffs, according to multiple reports.
Wolverine Worldwide Partners With Xtep International To Support China Growth
Wolverine World Wide, Inc. announced the company has entered into a joint venture agreement with Xtep International Holdings Limited, a leading Chinese sportswear retailer, to develop, market and distribute Merrell and Saucony products in mainland China, Hong Kong and Macau.
Camping World Delays 10K Filing
Camping World Holdings Inc. announced that has filed a Form 12b-25 with the U.S. Securities and Exchange Commission providing the company a 15-day extension to file its Annual Report on Form 10-K for the year ended December 31, 2018
VF Corp. Signs On As Title Sponsor Of Colorado Classic
Organizers of the 2019 Colorado Classic (August 22-25) announced that VF Corporation will be the first title sponsor in the race’s history. The exclusive title sponsorship by VF is a two-year commitment that provides financial and marketing support for the stand-alone women’s pro cycling race.
Equip Outdoor Technologies Promotes Jonathan Frederick To U.S. Country Manager
Equip Outdoor Technologies promoted Jonathan Frederick to USA Country Manager for the Rab and Lowe Alpine Brands.
Anta Sports Delivers Another Year Of Double-Digit Growth
Anta Sports, which has reached an agreement to acquire Amer Sports, reported another year of significant sales and earnings gains in 2018. Sales jumped 44.4 percent and earnings climbed 42.9 percent.
Foot Locker Announces Strategic Partnership Children’s Apparel Start-Up
Foot Locker Inc. has made a $12.5 million minority investment in Launch Kids, Inc., d/b/a Rockets of Awesome, a New York City-based children’s apparel company. Foot Locker’s investment is part of Rockets of Awesome’s $19.5 million Series C capital raise.
Rocky Brands Q4 Profitability Shows Further Improvement
Rocky Brands Inc. reported earnings rose 28.6 percent in the fourth quarter on an adjusted basis. The gains reflect improved gross margins due to segment mix, increased manufacturing efficiencies and improved full priced selling. Wholesale sales increased 3.4 percent.
Kathmandu Announces North American Sales Teams
Kathmandu, the New Zealand travel and adventure brand, announced new sales representation in the Pacific Northwest, Rockies, and Southwest by The Alta Group, Urban Outdoors, and Pacific Crest Trading accordingly.
Tariff Hike Postponed
On Sunday, President Donald Trump delayed the March 1 deadline to increase tariffs on Chinese goods, citing “substantial progress” during a week of trade talks in Washington, D.C. between U.S. and Chinese officials.
RECALL: SRAM Bicycle Gear Hubs
About 7,000 bicycle gear hubs from SRAM are being recalled. SRAM has received five reports of brake failure, resulting in one minor injury to a rider.
RECALL: Shearwater Diving Transmitters
About 900 yellow diving pressure transmitters from Shearwater are being recalled.
Stio Names Noah Waterhouse President And Chief Marketing Officer
Stio, the mountain lifestyle brand based in Jackson Hole, WY, announced the promotion of Noah Waterhouse as its president and chief marketing officer.
Fitch Downgrades Newell Brands To Junk Status
Fitch Ratings downgraded Newell Brands Inc.’s long-term issuer default rating to BB-plus from BBB-minus, lowering it to speculative-grade, or “junk” status, from investment grade.
