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  Oct 23, 2014
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Today's Top Story:

Smith Optics Leaving Idaho Birthplace in Search of Growth

After 18 years of letting Smith Optics operate autonomously, Safilo Group of Italy announced Tuesday plans to disperse its headquarters staff of 85 to Portland, OR., Salt Lake City and Parsippany, NJ in a quest to double the fast-growing brand's sales over the next five years... Click for Full Story >>>

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Under Armour, Inc. reported revenues increased 30 percent in the third quarter to $938 million. Sales grew 26 percent in apparel, 50 percent in footwear, and 32 percent in accessories. Net income increased 22 percent to $89 million, or 41 cents a share, million, slightly above Wall Street's consensus estimates and the company again raised its guidance for the full year...(10/23/2014)

 

Amer Sports reported net sales of €645.8 million ($856 mm) for the quarter ended Sept. 30, up 8 percent compared with €608.9 million a year earlier. Net sales increased by 6 percent in local currencies. Double-digit growth in sales of Arc'teryx and Salomon apparel and footwear, Precor fitness gear and Suunto instruments more than offset declines at bicycle components maker Mavic and the Ball Sports segment, where Wilson continues to pare SKUs in a bid to gain profitability...(10/23/2014)

 

Cabela's Inc. reported net income excluding certain items increased 18.8 percent to $58.3 million on $886.0 million in revenue. Revenue increased 4.1 percent as store expansion offset an 11.2 percent decline in comparable store sales... (10/23/2014)

 

Jarden Corp. reported slow growth and flat earnings at its Outdoor Solutions segment, which owns Coleman, K2, Marmot and 24 other sporting goods brands in the third quarter ended Sept. 30 from a the year earlier quarter...(10/23/2014)

 

Brunswick Corporation reported adjusted operating earnings increased 45 percent in the third quarter on a 13 percent revenue gain. Fitness segment sales, including Life Fitness, and Marine Engine segment revenues, each grew 11 percent. Boat segment sales jumped 22 percent...(10/23/2014)

 

The Foot Locker Foundation joined together with members of the athletic industry, as well as its business partners, on Tuesday, Oct. 21, at New York City's Gotham Hall for the 14th annual "On Our Feet" fundraising gala. Celebrities attending the event included JR Smith (NY Knicks Guard), Derek Fisher (NY Knicks Head Coach), Darryl Strawberry (Baseball Legend), and Kyra Sedgwick (Actress)... (10/23/2014)

 

Cabela’s Inc. plans to open stores in League City, TX; and Lexington, KY... (10/23/2014)

 

Lululemon Athletica Inc., synonymous in some quarters with the "corporatization of yoga," got a powerful, albeit implicit endorsement Wednesday from none other than the Dalai Lama. In a presentation following an address by His Holiness at a heart and mind summit, Lululemon CEO Laurent Potdevin announced the apparel company will contribute CAD$250,000 annually over the next three years to support the Dalai Lama Center for Peace + Education. Both the center and Lululemon are based in Vancouver, BC...(10/22/2014)

 

The Outdoor Industry Association board of directors appointed Steve Barker, founder and former owner of Eagle Creek, as interim executive director for the organization, effective immediately. As interim executive director, Steve will provide a stable and consistent leadership presence for OIA staff while the board conducts a national search for a permanent OIA executive director...(10/22/2014)

 

Skechers USA, Inc. reported third-quarter earnings jumped 90.4 percent to $51.1 million, or $1.00 a share. Revenues grew 30.7 percent to $674.3 million compared to $515.8 million for the third quarter of 2013. Revenues increased 18.5 percent in its domestic wholesale business, 60.6 percent in its international wholesale business, and 25.0 percent in its company-owned global retail business... (10/22/2014)

 

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