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  Jul 31, 2014
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Today's Top Story:

Puma Q2 Profit Falls Less Than Anticipated

Puma reported earnings declined sharply in the second quarter, but earnings were slightly better than analyst's forecasts Sales dipped 0.6 percent on a currency-neutral basis as a 7.1 percent decline in footwear was only partly offset by a 3 percent gain in apparel, aided by the World Cup. Puma reiterated a 2014 forecast for flat currency-adjusted sales and for EBIT and net earnings to rise by 5 percent and 3 percent respectively... Click for Full Story >>>

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Garmin’s reported sales by its Fitness segment soared 79 percent in the second quarter ended June 28 as consumers snapped up its Vivofit fitness trackers, lower priced Forerunner smartwatches and a new cycling computer. The company lowered its full-year revenue forecast for its Outdoor segment, however, citing lower than expected sales of its Virb action camera...(7/30/2014)

 

Authentic Brands Group, LLC, the parent of Prince, Spyder and TapOut, has agreed to acquire certain assets of Collective Licensing International, LLC, including Airwalk, Hind, Vision Street Wear, and Above The Rim. Terms were not disclosed. Each brand will continue to work with its existing licensees on expanding its US presence and product offering. ABG will move forward with a strategic plan to grow each brand's business internationally...(7/30/2014)

 

SnowSports Industries America (SIA) has opened the 2015 SIA Snow Show official hotel blocks. SIA Snow Show hotel reservations can be made online at...(7/30/2014)

 

Sturm, Ruger & Company, Inc. reported second-quarter sales decreased 14 percent due to a reduction in demand for firearms and accessories. Earnings decreased 31 percent...(7/30/2014)

 

Timberland announced the "call for entries" for its inaugural Timberland Serv-a-palooza Challenge a sponsored volunteerism competition the brand is hosting in partnership with CrowdRise. The six-week Challenge will encourage consumers to volunteer for a cause of their choice for chances to win prizes for themselves, as well as big donations...(7/30/2014)

 

According to Golf Datatech, golf rounds played in the U.S. during June were down 2.8 percent compared to June 2013. The biggest regional decline came in South Central, down 8.0 percent...(7/30/2014)

 

The Kids Foot Locker Foundation and Boys & Girls Clubs of America (BGCA) announced a national partnership encouraging kids to engage in an active lifestyle...(7/30/2014)

 

Luxfer Holdings PLC has completed the acquisition of Truetech Inc. and Innotech Products Ltd. for an estimated payment of $64 million. The companies produce magnesium-based heating pads for self-heating meals and beverages used by the military and outdoor enthusiasts...(7/30/2014)

 

Outdoor Industry Association (OIA) will offer more than 40 educational sessions as part of Outdoor University at Outdoor Retailer Summer Market in Salt Lake City. Sessions begin at noon on Wednesday, August 6 and continue through Friday, August 8. All sessions are included with an Outdoor Retailer registration...(7/30/2014)

 

Kering, the French conglomerate that owns Puma and several luxury brands, reported that Volcom and Electric recorded combined revenue of €113 million in first-half 2014, down 0.4 percent in euro terms but up 0.4 percent on a currency-neutral basis... (7/30/2014)

 

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