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  Sep 16, 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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In a regulatory filing with the Securities & Exchange Commission, Dick's Sporting Goods Inc. announced that Joseph H. Schmidt, its president and COO, plans to retire at the close of the year. The filing also noted that John G. Duken, EVP, global merchandising, plans to retire at the end of November... (9/16/2014)

 

361, the second largest athletic brand in China, announced its expansion into the United States with 361 USA. To launch the brand, 361 has hired Jim Monahan, former vice president of footwear for Asics America, as president of 361 USA. Rich Bourne, past president and COO of Asics America, is serving as a strategic business advisor...(9/16/2014)

 

Alite Designs, an outdoor gear company based in San Francisco, opened its new retail and art gallery space in San Francisco’s Mission District...(9/16/2014)

 

Boardworks Surf has partnered with System X Distribution of the United Kingdom as to distribute Boardworks Inflatable SUP’s and Badfish SUP products to Germany, Switzerland, Austria, Sweden, Norway and Finland, marking the first time Badfish SUP will be available in Europe...(9/16/2014)

 

BSN Sports has completed the acquisition of Westside Team Sports,LLC. based in Santa Monica, CA. Westside Team Sports, privately owned and operated since 2010, is a leading distributor of team apparel and equipment in southern California...(9/16/2014)

 

Centerbridge Capital Partners of New York and its affiliates increased their stake in Billabong International to 36.23 percent from 33.25 percent during the first 10 days of September, according to a regulatory filings posted by the Australian action sports company.(9/16/2014)

 

Gear Co-op, the climbing shop located in Costa Mesa, CA that operates gearcoop.com, hired Todd Klasky as its vice president of merchandising. Klasky oversaw the outdoors division at Sport Chalet as senior buyer/divisional merchandising manager...(9/16/2014)

 

Salt Lake City boosters unveiled a campaign Tuesday promoting the state's capital as Ski City USA...(9/16/2014)

 

Sanuk appointed Holysport Ltd. as its distributor in Benelux, France and the UK. Based in Cornwall, UK, Holysport will exclusively distribute the brand in these key European markets starting in Spring 2015...(9/16/2014)

 

Icebreaker is partnering with DDB New Zealand to expand the merino wool brand’s presence worldwide, beginning with two campaigns timed for release during 2015...(9/16/2014)

 

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