SGB Update Outdoor
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.
Arc’teryx’s Sales Grew 11 percent In 2018
Amer Sports issued its annual report review for 2018 that showed Arc’teryx’s sales grew 11 percent last year to drive growth across Softgoods, a strategic growth priority for the company.
Report: U.S. And China Trade Talks Making Significant Progress
The U.S. and China have made the most significant progress to date in their trade talks, outlining commitments in areas such as intellectual property rights, services, currency and agriculture barriers to trade, Reuters reported.
RECALL: Turkey Fryers Sold By Academy
About 3,000 Outdoor Gourmet Turkey Keg turkey fryers sold by Academy Sports + Outdoors store are being recalled.
Wolverine’s Q4 Boosted By Momentum At Merrell And Sperry
Wolverine World Wide reported earnings on an adjusted basis grew 27 percent in the fourth quarter, helped by improving margins and a sharp reduction in operating expenses. Revenues inched up 0.2 percent and benefited from accelerated revenue growth from Merrell and Sperry.
Newell Brands’ Q4 Earnings Hit By Impairment Charge
Newell Brands reported a sharp decline in operating earnings in the fourth quarter as it absorbed a $157 million impairment charge. The Home & Outdoor Living segment saw a core sales decline of 3.0 percent, largely driven by lost distribution for Coleman at a key U.S. retailer.
Future Plc Acquires Cycling News And Procycling Magazine From Immediate Media
Future Plc announced the acquisition of two specialist consumer brands from Immediate Media Co. – CyclingNews.com and Procycling Magazine.
SportChek’s Comps Climb 2.5 Percent In Q4
Canadian Tire Corp. reported SportChek’s comps were up 2.5 percent in the fourth quarter and 2.0 percent for the full year
