SGB Update

Lululemon Launches Buy-back As Comps Decline Clouds Future

Lululemon Athletica Inc. announced a $475 million stock buyback last week to take the sting out of disappointing fiscal first quarter results, but some investors were not buying it. Pointing to a continuing decline in comparable store sales, analysts cont

Hillsound Equipment Adds to Fly Fishing Ambassador Team

Hillsound Equipment, a producer of winter and fishing footwear traction and gaiters for urban and outdoor enthusiasts has announced the addition of fishing guide and professional skier Shroder Baker to its ambassador team…

Adidas Outdoor Appoints Business Manager of Key Accounts

Adidas Outdoor appointed Peter Schuster as business manager of key accounts for the U.S. Schuster has more than 20 years of experience in sales, most recently director of sales for national accounts and national account channel sales manager for tradition

Report: Toms for Sale

According to the Financial Times, Toms has hired bankers to explore a sale. The L.A.-based ethical label could fetch as much as $600 million, sources told the newspaper…

Implus Adds FitDeck to Fitness Line-Up

Implus has acquired FitDeck, Inc., a company that creates custom decks of playing cards – delivered in both physical and digital formats – that make exercise more simple, convenient and fun. The acquisition comes as Implus continues to expand its current

Sportsman’s Warehouse Beats Plan Despite Q1 Loss

In its first report since going public in late April, Sportsman's Warehouse Holdings Inc. reported a loss due to an expected sharp decline in firearms and ammunition sales. On a conference call with analysts, John Schaefer, Sportsman's Warehouse

West Coast Strike Could Trigger Surcharges by Container Lines

At least three major container-shipping lines would be allowed to impose a surcharge to handle cargo if labor related unrest causes congestion at West Coast ports next month, according to a trade alert Outdoor Industry Association issued to its members la

GoPro IPO Focusing on $3 Billion Valuation

GoPro Inc expects to raise up to $427.2 million in its initial public offering, according to an updated filing with the Securities & Exchange Commission. The company said it plans to offer 17.8 million Class A shares priced between $21 and $24 each…

Lululemon CFO to Retire

Lululemon Athletica Inc. CFO John Currie has notified the company of his plans to retire by the end of the fiscal year. Lululemon will hire an executive search firm to find his replacement…

Lululemon Cuts 2014 Guidance as Sales Weaken

Lululemon Athletica Inc. reported a drop in profit for the fiscal first quarter amid a tax charge tied to a share-repurchase plan and lowered its outlook for the year. Comparable-store sales for the first quarter decreased 4 percent on a constant dollar b

Lands’ End’s Q1 Net Climbs

Lands' End, which was recently spunoff from Sears Holdings, reported net income increased 48.1 percent in the first quarter on a 3.6 percent revenue gain…

Confluence Outdoor Appoints CFO and VP, International

Confluence Outdoor appointed a new chief financial officer and vice president, International, the latter a new position on the company’s executive team. Brian Sudbrink joins the company as CFO, and Kevin Williams comes on as VP of International…