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  Sep 15, 2014
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Today's Top Story:

Lululemon Sees Second Quarter Profits Slide

Lululemon Athletica reported second-quarter earnings slid 13.7 percent to $48.8 million, or 33 cents a share, but results exceeded Wall Street's consensus estimate of 33 cents a share. Comps declined 5 percent in constant dollars and gross margins eroded to 50.5 percent for the quarter from 54.0 percent. Lululemon raised its forecast for the year by a penny to $1.72 to $1.77 a share... Click for Full Story >>>

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Intrawest Resorts Holdings, Inc. has agreed to acquire the 50 percent interest in Blue Mountain Ski Resort that it does not already own from Blue Mountain Resorts Holdings Inc. for CAD $58.0 million...(9/12/2014)

 

Modell’s Sporting Goods has confirmed that Jeff Karten, its senior buyer for apparel, had retired...(9/12/2014)

 

Eastern Mountain Sports will celebrate the grand opening of its relocated store in Stamford, CT next week. The 8,144-square-foot store at the Ridgeway Shopping Center will carry kid's products and rent paddle sports gear for the first time...(9/12/2014)

 

Vail Resorts, Inc. has acquired Park City Mountain Resort (PCMR) from Powdr Corp. for $182.5 million in cash in a deal that ends litigation that had threatened to close the iconic luxury resort this season. Vail Resorts immediately folded PCMR into its Epic Pass, which allows skiers access to 22 resorts, including Canyons in Park City, Utah; Vail, Beaver Creek, Breckenridge and Keystone in Colorado; and Heavenly, Northstar and Kirkwood in Tahoe...(9/11/2014)

 

Sportsman's Warehouse Holdings, Inc. reported net sales increased by 2.3 percent to $159.5 million from $155.9 million in the second quarter as sales of non-hunting gear helped offset the expected decline in firearms and ammunition sales. Same store sales decreased by 6.1 percent and income from operations decreased 23.6 percent to $12.3 million...(9/11/2014)

 

VF Corporation has hired Dan Cherian as Vice President, Global Innovation, Performance Apparel and Footwear to oversee VF’s Global Performance Apparel and Footwear Innovation Centers, where the company focuses on developing game-changing advancements in apparel, footwear and accessories for its 30-plus brands...(9/11/2014)

 

Brian Anderson has resigned as CEO of scooter company Madd Gear North America to pursue other opportunities. Michael Horne, global CEO of Madd Gear Action Sports and the company's Australian founder, has assumed the role of CEO of the North American business... (9/11/2014)

 

Donations to Livestrong, closely associated with yellow rubber wristbands made by Nike, dropped to $15 million in 2013 from $22.7 million in 2012, according to an Internal Revenue Service filing that was posted on the Austin, Texas-based charity’s website. The 34 percent decline came after Lance Armstrong, who founded the cancer charity, confessed to doping throughout his cycling career...(9/11/2014)

 

Pensole Footwear Design Academy plans to launch a global “community ownership” fundraising campaign, called Soleholder, for the purposes of continuing to offer free education while funding expansion for the school’s programs and facilities, according to Pensole founder D’Wayne Edwards...(9/11/2014)

 

Foot Locker, Inc. announced that SIX:02, its new women's fitness retail destination, has launched its inaugural It's Your Time 6K Run. The race will be held on Saturday, Nov. 15, 2014, at Klyde Warren Park in Dallas...(9/11/2014)

 

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