Safilo Group Reports Big Q3 Declines at Solstice and in Brazil
Safilo Group S.p.A. reported total net sales grew 9.0 percent to €284.8 million in the third quarter ended Sept. 30, compared with the same quarter of 2014, due almost entirely to the weaker Euro…
Liberty Safe’s Q3 Sales Signal Normalizing Gun Sales
Liberty Safe turned a profit in the third quarter ended Sept. 30 after sales to gun dealers jumped 41.6 percent, signaling a turnaround in firearms sales following their latest boom and bust cycle…
Survey Shows Consumer Spending Plans up Dramatically
U.S. consumers are showing a dramatic increase in their spending expectations this holiday season, according to Accenture’s annual holiday shopping survey…
Adidas Group Lifts FY Guidance on Strong Q3
Adidas Group reported a 10 percent gain in third-quarter profit that beat analysts’ estimates, led by sales growth in Western Europe and China. In North America, sales rose 6 percent in the quarter, improving from a flat first half. The results prom
SFIA Elects Chris Clawson of Life Fitness as Chairman
The Sports & Fitness Industry Association (SFIA) announced the election of Life Fitness President Chris Clawson as Chairman of the Board, along with naming senior executives from Brooks, New Balance, Performance Sports Group, Rawlings, Sears, and Under Ar
Crocs Blames Q3 Loss on China Inventory Glut
Crocs Inc. swung to a net loss of $27.8 million in the third quarter ended Sept. 30 after holding back shipments to Chinese distributors. The Niwot, CO footwear company reported revenue of $274.1 million, down 9.4 percent, or -0.8 percent in currency-neut
Igloo Names Jam Collective as PR Agency of Record
Igloo Coolers named Jam Collective as its public relations agency of record…
City Sports to Close All Stores
City Sports Inc. is planning to liquidate all of its 26 stores after failing to find a buyer in bankruptcy proceedings…
Dorel Sports Says Currency Headwinds Wiped Out Q3 Growth
Dorel Sports's operating profits dropped by nearly half on flat sales in the third quarter, but sales increased approximately 9 percent excluding currency impacts thanks to demand for Cannondale and other bikes from overseas IBDs…
Merrell to Launch New Tough Mudder Event and Gear
Merrell signed on as the presenting partner for global Tough Mudder events as a part of a multi-year deal that calls for the brands to develop a co-branded line of gear and launch a shorter version of the obstacle course race to draw in more consumers…
Fitbit Q3 Revenues Soar
Fitbit Inc. reported revenues catapulted 168 percent in the third quarter while adjusted EBITDA nearly doubled. The fitness wearables leader sharply raised its guidance for the year and also announced plans for secondary offering. Said James Park, Fitbit
U.S. Trade Representative Releases Text of Trans Pacific Partnership
The Office of the U.S. Trade Representative released the full text of the Trans Pacific Partnership on Thursday, providing the sporting goods industry its first opportunity to vet the details of the potentially historic trade agreement…
Escalade’s Q3 Revenues Expand 9 Percent
Boosted by acquisitions, Escalade Inc. revenues for the third quarter advanced 9.4 percent, to $34.6 million. Net income from continuing operations, however, slumped 47.4 percent to $2.0 million, or 14 cents a share, from $3.8 million, or 27 cents, a year
Crocs Foresees Comeback After Q3 China Troubles
Despite the Q3 struggles in China, Crocs CEO Gregg Ribatt was optimistic with investors that many of the problems were being remedied, including new production and distribution plans, a 40 percent SKU reduction and fresher styles for 2016…
City Sports to be Shuttered
City Sports Inc. is moving to liquidate all 26 of its stores after failing to find a buyer in bankruptcy proceedings…
