GoPro’s Q3 Sales Jump 37 Percent
GoPro’s results in the latest quarter exceeded Wall Street’s targets although its fourth-quarter guidance was below Wall Street estimates.
HanesBrands Shows Meager Activewear Gain In Q3
HanesBrands reported Activewear sales increased 1 percent in the third quarter due to a “muted back-to-school season at retail.” Online sales of Activewear increased by more than 30 percent and Champion sales in the midtier, sporting goods and college bookstore channels achieved double-digit growth.
Zumiez Comps Increase 6.6 Percent In October
The action sport’ chain’s comparable sales increased 6.6 percent for the four-week period compared to a comparable sales increase of 10.2 percent in the year ago period.
Under Armour Exiting Fitness Trackers
Under Armour will stop making fitness trackers and focus on software, according to a report in the Wall Street Journal.
Report: Kering Hires Rothschild To Spin Off Puma
Kering has appointed Rothschild & Co to handle the potential spinoff of Puma, according to a report in French business magazine Challenges.
Darby Communications Stand Up Initiative Accepting Applications
The initiative, launched in November 2016, provides pro-bono PR related services to awarded environmental non-profits with projects focusing on environmental and sustainable advocacy, or the preservation and protection of public lands.
Sturm, Ruger’s Q3 Revenues Drop 35 Percent
Sturm, Ruger & Company Inc. reported earnings fell 52.8 percent in the third quarter as sales slid 35.1 percent.
Garmin Raises Outlook After Q2 Tops Estimates
Garmin Ltd. raised its full-year guidance after reporting that double-digit revenue and operating profit growth in outdoor, aviation and marine led to an above-plan second quarter. Fitness segment sales declined 12 percent.
Wolverine Project Bootstrap Sheds Light On Skills Gap
Project Bootstrap is Wolverine’s way of saying thank you to the women and men who keep the country running through their expert skills and strong work ethic.
Lululemon Drops Suits Against Under Armour
Lululemon has dropped its lawsuit charging Under Armour with infringing on patents on its sports bras designs over its Energy Bra.
Adidas Signs Southern Miss
Adidas signed the University of Southern Mississippi (Southern Miss). The new eight-year apparel deal through the 2024-25 season replaces the university’s contract with Russell Athletic.
Big 5’s Earnings Drop On Firearms And Broader Retail Weakness
Big 5 Sporting Goods reported third-quarter earnings declined 26.8 percent but arrived at the high end of guidance. The retailer continues to be impacted by reduced demand for firearms and had already warned it would face challenges cycling some of the benefit from competitor store closures that occurred last year.
New Balance Unveils ‘All Roads Lead to NYC’ Campaign
New Balance unveiled its All Roads Lead to NYC campaign to mark its first year as the footwear/apparel sponsor of the TCS NYC Marathon. The campaign also includes the opening of a Run Club pop-up in the West Village, NYC VictoryPose locations installed throughout the city, and four Run Concierge spots offering runners opportunities for customization and gifts.
Adidas Reveals David Beckham Capsule Collection
The collection celebrates the over two-decades of partnership between Beckham and Adidas, including a remastered version of the Predator Accelerator, the ‘cleat of a generation’.
Adidas Golf Signs Nation’s Top Collegiate Golfer
Sam Burns was the 2017 Division I recipient of the Jack Nicklaus National Player of the Year award, which is given to the nation’s best collegiate golfer.
