SGB Update

SIA Responds To New Outdoor Retailer Schedule

In a letter to the industry, SnowSports Industries Americas President Nick Sargent responded to Outdoor Retailer’s recently announced changes to its trade-show calendar, expressing concerns that the schedule still stretches retailers thin.

Zalando Raises 2016 Forecast After Q3 Profit

The German fashion e-tail giant increased its full-year adjusted EBIT margin guidance to 5 to 6 percent after seeing revenues rise 17.1 percent in the third quarter.

Under Armour To Sponsor College Basketball Doubleheader

The inaugural Under Armour Reunion features four members of the Under Armour collegiate roster – Auburn vs. Boston College and Seton Hall vs. South Carolina – and will take place on Monday, December 12, on FS1.

Skechers Transitions South Korean Business

Skechers, a global leader in lifestyle and performance footwear, is transitioning its business in South Korea from a third-party distributor to a new joint venture with Luen Thai Enterprises.

Vista Outdoor’s Q3 Earnings Surge

Vista Outdoor Inc. reported earnings vaulted 121 percent to $73.2 million, or $1.22 a share, topping Wall Street estimates. Revenues advanced 24 percent.

Sport Chek’s Q3 Comps Grow 7.7 Percent

Canadian Tire Corp. reported same-store sales at its FGL Sports segment were up 6.2 percent in the third quarter. Same-store sales at Sport Chek increased 7.7 percent.

Puma Lifts Guidance After Robust Q3

Net earnings nearly doubled in the third quarter. Sales grew 10.7 percent on a currency-neutral basis, led by gains of 12.2 percent in the Americas region and 11.9 percent in the EMEA.

NRF: Retailers Ready To Work With New President

National Retail Federation President and CEO Matthew Shay congratulated the winners of Tuesday’s federal elections and pledged to work with President-elect Donald Trump and the new Congress on a pro-growth, pro-jobs agenda.

Nike To Open Mega-Store In Lower Manhattan

The five-story 55,000-square-foot location in New York City’s Soho neighborhood is designed to “deliver the best of Nike’s personalized services,” including exclusive trial spaces, product customization and access to digital platforms.