Under Armour Beats Q3 Targets, Reduces Full-Year Revenue Guidance
Under Armour reported quarterly earnings and sales that topped Wall Street’ estimates, but the company trimmed its revenue outlook for the full year, citing “traffic challenges” at the DTC channel and lower than planned excess inventory to service the off-price channel. The company expects earnings to reach the high end of its previous range.
Under Armour Faces Federal Accounting Probe
Under Armour is the subject of federal investigations by the Justice Department and Securities and Exchange Commission over its accounting practices, the company confirmed Sunday.
Winchester’s Q3 Sales Advance 8.4 Percent
Olin Corp. reported Winchester sales for the third quarter 2019 were $188.7 million compared to $174.0 million in the third quarter 2018, a gain of 8.4 percent.
Asics North America Sees Third Consecutive Quarter Of Growth
The third quarter of 2019 for Asics North America (ANA), which includes the United States, Canada and Mexico, showed positive quarterly and year-to-date growth driven by increased traffic to both online e-commerce, retail channels, according to a statement from Asics North America.
Genesco Promotes Mimi Vaughn To CEO
Genesco Inc. announced that Mimi Eckel Vaughn, 53, currently the company’s senior vice president and chief operating officer, has been named Genesco’s next president and chief executive officer, effective February 2, 2020, the start of the company’s new fiscal year.
California Wildfires Will Cost Tens Of Billions, AccuWeather Estimates
AccuWeather now estimates the total damage and economic loss caused by the California wildfires in 2019 will be $80 billion.
Academy Sports Opens 25th Location In DFW
Academy, Ltd. d/b/a Academy Sports + Outdoors), has opened a new store in Frisco, Tx., located at 1725 US Hwy 80.
Norrøna Expands Rep Teams In Pacific Northwest, Northeast
Norrøna, the Norwegian outerwear brand with U.S. headquarters in Boulder, CO, continues to grow its presence in the U.S. market with the addition of regional sales representatives, Kyle Hadersberger and Derek Humphrey.
Mystery Ranch Hires Sales Agency For Midwest Region
Mystery Ranch Backpacks, based in Bozeman, MT, retained a new sales agency, Dunkin-Lewis, Inc. based in Vestavia Hills, AL.
Columbia Sportswear Chairwoman Gert Boyle Dies
Columbia Sportswear Company reported the passing of Gert Boyle, the chairman of the board of directors of Columbia Sportswear and its matriarch since 1970.
Fitbit To Be Acquired By Google
Fitbit, Inc. announced that it has entered into a definitive agreement to be acquired by Google LLC for $7.35 per share in cash, valuing the company at a fully diluted equity value of approximately $2.1 billion.
Nike Live Opens In Tokyo And Long Beach
Nike announced the global expansion of the Nike Live concept with the launch of two new stores in Tokyo and Long Beach. The stores officially opened to NikePlus members yesterday, November 1.
Adidas Outdoor Opens First Pop-Up In NYC
Adidas Outdoor will open its first pop up in NYC Saturday, November 2, at 273 Lafayette between 12:00 and 7:00 p.m. celebrating the MyShelter commuter jacket.
Asics’ North America Sales Flat In Q3
Asics showed a loss of ¥1.74 billion ($16.1 mm) in the North America region in the third quarter against a loss of ¥534 million a year ago. Sales in the quarter dipped 0.1 percent to ¥21.17 billion ($196 mm) from ¥21.19 billion.
Newell Brands Raises Guidance On Improving Q3
Newell Brands reported a third-quarter profit. excluding charges, and sales that beat expectations while raising its full-year outlook. Core sales growth in the Home & Outdoor Living segment grew 1.3 percent.
