SGB Update Outdoor
Footwear and International Boosts UA’s Q1
With ongoing robust growth is apparel and “meaningful acceleration” in both footwear and its overseas businesses, Under Armour, Inc. reported net revenues vaulted 36.0 percent in the first quarter, to $642 million. Net income surged 73.3 perce
New Wave Group Says Higher Marketing Costs Trimmed Q1 Earnings
New Wave Group reported lower income on higher sales at its Sports & Leisure segment in the first quarter as higher sales and marketing costs ate into margins. The Swedish company is ramping up hiring in a bid to make its Craft, Seger and Cutter & Buck br
Amer Sports Reports Decline of Ruble Undermined First Quarter Earnings
Amer Sports said earnings declined in the first quarter as solid sales gains and steady gross margin were more than offset by the negative impacts of currency exchange rates, particularly in Russia, where the ruble dropped in the wake of the Ukrainian cri
Drop Off in Firearms Sales, Long Winter Drag Down Cabela’s Comps 22 Percent
Cabela's Incorporated saw its comp store sales fall nearly 22 percent in the first quarter as it comped against last year’s unprecedented surge in gun and ammo sales and contended with harsh winter weather in many of its markets…
Hoka One One to Sponsor U.S. Bank OC Marathon
Hoka One One, a division of Deckers Outdoor Corporation, has become the official footwear sponsor of the upcoming U.S. Bank OC Marathon in Newport Beach, CA, scheduled to be held on Sunday, May 4, 2014…
REI Report Shows Growing Scrutiny of Factories in Wake of Rana Plaza
REI saw instances of non-compliance with its Factory Code of Conduct quadruple in 2013 as auditors increased their scrutiny of building safety in the wake of fires and the Rana Plaza factory collapse…
USCCA Selects LAKE Strategic Marketing as Agency of Record
The United States Conceal Carry Association (USCCA) has appointed LAKE Strategic Marketing, a brand-marketing agency for the outdoors, as their agency of record…
Hanesbrand’s Champion Fleece Sales Propel Activewear Segment to Record Profits in the First Quarter
HanesBrands Inc. said cold weather helped Champion pick up more shelf space in the first quarter as existing and new retailers sought to bring in more fleece…
Facebook Buys Moves Fitness Tracking App
Facebook has acquired Moves, a fitness tracker app on iOS and Android. Launched in Jan 2013, and called by Apple as ‘surprise hit’, Moves has been downloaded 4 million times to date for iPhone and Android phones…
Sports Authority Celebrates Reopening of all South Florida Locations
Sports Authority hosted grand reopening events for 14 stores in South Florida on Saturday, Apr. 26…
Investor Group led by Bernard Mariette Purchases Lolë Parent
A group of strategic and financial investors led by Bernard Mariette, CEO & President of Coalision Inc., have purchased a majority interest in Coalision from Kilmer Capital Partners. This investment will enable Coalision's growing activewear brand Lo
West Marine Widens Q1 Loss
West Marine Inc. reported net revenues were $113.3 million in its first quarter ended Mar. 29, a decrease of 0.8 percent compared to last year. Comparable store sales decreased by 1.7 percent. The net loss in the period widened slightly to $11.0 million,
Unifi’s Q1 Profits More Than Double
Unifi Inc. reported net income for the March 2014 quarter was $4.7 million, or 25 cents per basic share, compared to net income of $1.4 million, or 7 cents per basic share, for the prior year quarter, reflecting improved operating results in the company&#
Adidas Shifts Production From Strike-Disrupted China Factory
Adidas is shifting some production away from Yue Yuen's factory in Dongguan, China, where a strike has lasted 9 days. Adidas said in a statement released to media outlets, “In order to minimize the impact on our operations, we are currently rea
Lost Surfboards Taps Quiksilver Veteran as First GM
Lost Surfboards has named surf industry veteran Dave Lester as its first general manager to oversee day-to-day operations. He joins the company from Quiksilver, where…
