Retail Imports Remain At Near-Record Levels Despite Tariffs
Imports at the nation’s major retail container ports are expected to continue at near-record levels this month and the remainder of the year despite a new round of tariffs on goods from China, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
Adidas’ Q2 Currency-Neutral Sales Rose 4 Percent
Adidas AG reported earnings rose 10 percent in the second quarter as sales expanded 4 percent on a currency-neutral basis. Currency-neutral sales increased 12 percent in Emerging Markets and 8 percent in Asia-Pacific, led by 14 percent growth in China. Revenues in North America increased 6 percent Adidas’ outlook was confirmed for the year.
Vista Outdoor Logs Q1 Loss
Vista Outdoor Inc. reported first-quarter sales were down 7 percent on an organic basis, excluding results from the sale of its Eyewear brands. Adjusted EPS was a loss of 8 cents a share compared to break-even results in the prior-year quarter.
SportChek’s Q2 Comps Climb 3.7 Percent
Canadian Tire Corp reported SportChek’s retail sales increased 3.0 percent in the second quarter as comparable sales grew 3.7 percent. On a consolidated basis, Canadian Tire’s comparable sales up 2.2 percent in the second quarter.
Barneys Has Until October 24 To Find Buyer And Avoid Liquidation
Barneys New York, which filed for bankruptcy Tuesday, secured new financing from Brigade Capital Management, LP and B. Riley Financial Inc. and has been given a deadline of October 24 to find a buyer to avoid liquidating.
Bear & Son Cutlery Hires Mathews As National Sales Manager
Bear & Son Cutlery, manufacturer of premium made-in-the-USA knives, announced that Michael Mathews has been appointed national sales manager.
Firearms Background Checks Climb For Second Straight Month In July
FBI background checks for firearms, as adjusted by the NSSF, were up 1.1 percent in July to 830,579 compared to the July 2018 NSSF-adjusted NICS figure of 821,260.
Descente’s Q1 Revenues Slide 4.2 Percent
Descente Ltd. reported a sharp decline in profits in the first quarter ended June 30 as sales dipped 4.2 percent.
BSN Sports Signs Mike Procopio As Brand Ambassador
BSN Sports, a division of Varsity Brands, announced that Mike Procopio, director of player development for the Dallas Mavericks and renowned coach in the professional basketball community – has joined the company as a brand ambassador for the Basketball division.
Pocket Outdoor Media Appoints Robin Thurston As CEO
Pocket Outdoor Media, the holding company that owns VeloNews, Triathlete, Women’s Running, PodiumRunner, Bicycle Retailer, VeloPress, and VeloSwap, has appointed Robin Thurston, co-founder of MapMyFitness, as CEO.
Equinox Group To Launch New Digital Venture
Equinox Group announced the development of a multi-brand digital platform offering premium fitness content from leading brands, including Equinox, SoulCycle, Precision Run and more, with personalized programming from top instructors. The initiative is being led by Jason LaRose, former president, North America at Under Armour.
Camping World Bucks RV Headwinds To Post Record Revenue
Camping World Holdings Inc. on Wednesday reported revenue for the second quarter of $1.5 billion, a 2.3 percent increase from the year-ago period. The figured marked a record revenue for the company and also defied some current headwinds facing the RV industry.
Escalade’s Q2 Sales Expand 14 Percent
Escalade Inc. reported a strong increase in profits in the second quarter on revenue growth of 14.3 percent. Outdoor categories fueled the sales gains.
G-Form Appoints Glen Giovanucci As CEO
G-Form LLC, a leading sports protective gear brand, announced that Glen “Gava” Giovanucci will become chief executive officer of the company at the end of August. Giovanucci will be taking on this leadership role following a highly successful track record of driving significant growth across a diverse set of sporting goods brands. “I look forward […]
Mystery Ranch Expands Global Reach With New Distributors
Bozeman, MT-based pack company Mystery Ranch on Wednesday announced its further expansion into international markets. With new partnerships across Europe, Asia and the Middle East, the company seeking to grow across the globe.
