Shopkick Survey: 44 Percent Of Consumers Plan To Cut Back On Shopping Due To Tariffs
In a survey of over 30,000 consumers from Shopkick, 60 percent said they will adjust the retailers at which they shop if the impending tariffs go into effect.
StockX Hit By Data Breach
StockX, the leading online marketplace for retro sneakers, has fallen victim to a data breach, allegedly exposing sensitive information of more than 6.8 million users worldwide.
Lew’s Holdings To Acquire Fox International
Fox International, Europe’s largest privately-owned fishing tackle company, announced that it has agreed to be acquired by Lew’s Holdings Corporation, a leader in the U.S. fishing equipment market.
Nike Extends Deal With National Women’s Soccer League
Nike and the National Women’s Soccer League (NWSL) have agreed to an extended partnership through 2022 in which Nike remains the league’s exclusive partner of uniforms, apparel and equipment.
Asics North America Sees Sales Increase In Q2
The second quarter of 2019 for Asics North America (ANA), which includes the United States, Canada and Mexico, showed positive regional growth year-over-year and increased traffic to both online e-commerce and retail channels. This marks the second consecutive quarter of growth for Asics North America.
Ikon Pass Adds Arapahoe Basin Ski Area In Colorado For Upcoming Winter
Another shot was fired in the ongoing ski area pass wars with the Friday announcement that Ikon Pass has added Arapahoe Basin Ski Area—which only a few months ago split from Vail Resorts’ Epic Pass—for the 2019/2020 season.
Dorel Sports’ Q2 Revenues Expand 7.4 Percent
Dorel Sports, which includes Cannondale, Schwinn, GT, Mongoose, Caloi and IronHorse, posted an operating profit against a loss in the second quarter as sales grew 7.4 percent.
Newell Brands’ Q2 Profits Top Wall Street Targets
Newell Brands reported earnings dropped in the second quarter but came in above Wall Street’s consensus estimates. Newell also indicated that it delivered significant improvements in operating margin and operating cash flow.
Johnson Outdoors Sees Slight Decline In Q3 Profits
Johnson Outdoors Inc. reported earnings slipped 7.1 percent in the third quarter ended June 28 due to higher operating expenses and lower margins tied to tariffs. Revenues grew 3 percent.
Columbia’s Tim Boyle Speaks Out Against Tariffs
In a statement, Tim Boyle, president and CEO of Columbia Sportswear Co., decried President Trump’s plans for a new 10 percent tariff on $300 billion of Chinese imports. He said in part, “We’ve been fortunate to have a strong economy for the past decade. Let’s not tank the economy with the misguided conception that trade wars are fun.”
Ventum Announces Series A Funding
Ventum, maker of performance racing bicycles and the Official Global Bike Partner of Ironman, announced that it has raised a round of funding and that it is moving to Heber City, UT.
Winchester’s Q2 Sales Dip In Q2
Olin Corp. reported Winchester sales for the second quarter 2019 were $164.9 million compared to $165.9 million in the second quarter 2018.
Augusta Sportswear Acquires Pacific Headwear
Augusta Sportswear, a leader in sports apparel, uniforms and accessories, announced that it has acquired Pacific Headwear, a privately held company based in Coburg, OR. The terms of the agreement were not announced.
GoPro Misses On Q2 Earnings & Revenue
GoPro Inc. on Thursday reported revenue for the second quarter of $292 million, up 3 percent from the year-ago quarter and ahead of analysts’ estimates by $9.9 million. The company reported non-GAAP net income of $4 million, or 3 cents per share, up $25 million year-over-year but shy of Wall Street estimates by 1 cent.
Trump Says U.S. Will Impose 10 Percent Tariffs On Another $300 Billion Of Chinese Goods
Industry and retail trade organizations reacted quickly to criticize President Trump’s plans for a new 10 percent tariff on $300 billion of Chinese imports, taking effect on Sept. 1, 2019. These tariffs will target “List 4” products – products including footwear and apparel that have not previously been subject to tariff increases.
