Sequential Brands’ Q3 Boosted By Acquisitions
Earnings grew 50 percent on an adjusted basis with the the help of healthy contributions from core brands Jessica Simpson, William Rast and Heelys as well as a number of recent acquisitions.
Adidas Q3 Earnings Climb 15.3 Percent
Adidas AG reported strong third-quarter results, helped by double-digit sales increases in its performance business and at its urban wear units Adidas Originals and Neo. The company also announced plans to restructure its Reebok brand.
Gildan Activewear Lowers Guidance On Q3 Shortfall
Gildan Activewear Inc. slightly lowered its guidance for the year due to lower than anticipated results in the third quarter and tempered branded apparel sales expectations in the fourth quarter.
Fox Factory Raises Guidance On Above-Plan Q3
Adjusted earnings rose 14.5 percent on a 2.7 percent gain, with growth seen across its powered vehicle segment.
Wolverine Unveils Customizable Boot Program
Wolverine, the flagship brand of Wolverine Worldwide, introduced Wolverine Workshop, a new customization service allowing customers to design their own Wolverine 1000 Mile Boots online.
Fitbit Outlook Falls Short, Stock Tumbles
With its growth and profits slowing and an outlook below expectations, Wall Street pummeled the fitness tracking company’s stock in afterhours trading.
Lew’s Fishing Acquired By Peak Rock Capital Affiliate
Headquartered in Springfield, MO, Lew’s supplies branded fishing products for mass market retailers, sporting goods chains and specialty outdoor retailers.
Zumiez’s October Sales Jump
The action sports retailer lifted its guidance following its report of a 10.2 percent October comp gain.
Report: JackRabbit Hits Selling Block
Sources told Bloomberg Finish Line’s run specialty segment could draw interest from private equity firms and other sporting goods chains.
Under Armour Opens Boston Brand House
The new location will offer localized Boston apparel, including Boston Red Sox gear and the New England Patriots NFL Combine Authentic Team collection.
Stio Opens ‘Mountain Studio’ Retail Store In Teton Village
The Jackson Hole, WY-based mountain apparel brand will open a shop at the base of the ski resort for the holiday season.
Nominations Open For Outdoor Inspiration Awards
The event, set for January 11, 2017 during Outdoor Retailer Winter Market, celebrates passion, dedication and inspiration within the outdoor industry.
RECALL: 2,960 Trek Farley Bicycles And Framesets
The fork can separate from the steer tube, posing a fall hazard to the rider.
Herbalife Nutrition Shares CEO Transition Plan
Effective June 1, 2017, Richard P. Goudis, currently chief operating officer, will succeed Michael Johnson as CEO of the nutrition company.
Suunto Promotes Tillinghast To Lead Americas Omni-Channel Strategy
The manufacturer of sports watches, dive computers and precision instruments promoted Jason Tillinghast to regional commercial director – Americas.
