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Apparel Business Update


The Latest News...

Amer Sports Swings to Q2 Loss on Restructuring Charges at Wilson
Amer Sports, which owns the Salomon, Wilson, Arc'teryx, Mavix and Suunto brands, announced the next phase of its restructuring would focus on its Ball Sports segment after reporting charges at its Wilson brand caused it to swing to a loss on higher revenue in the second quarter. Amer Sports' Winter and Outdoor segment's revenues rose 3.6 percent to €174.8 million ($235.4 mm) and grew 7 percent on a currency-neutral basis...(7/24/2014)

Jarden Outdoor Profits Grow Six Times Faster Than Sales in Q2
Jarden Corp reported net profits at its Outdoor Solutions segment grew 12.8 percent in the second quarter or more than six times faster than sales, which were up 1.9 percent from a year earlier. The segment includes results from Coleman, K2, Marmot, Penn, Rawlings and 22 other camping, fishing, snowsports, outdoor and athletic brands...(7/24/2014)

Under Armour's Q2 Revenues Jump 34 Percent
Under Armour, Inc. reported revenues increased 34 percent in the second quarter of 2014 to $610 million led by a 35 percent gain in apparel and 34 percent hike in footwear revenues. Net income in the second quarter of 2014 of $18 million was unchanged compared with the prior year's period, largely reflecting the planned timing of marketing and innovation expenses. The company again raised its guidance for the year...(7/24/2014)

Cabela's Tops Q2 Estimates Despite Comp Drop
Cabela's Inc. reported second-quarter earnings slid 2.3 percent to $43.5 million, or 61 cents a share, but results came in well-ahead of Wall Street's consensus estimate of 51 cents a share. Comparable store sales decreased 14.2 percent... (7/24/2014)

Columbia Sportswear's Q2 Revenues Climb 16 Percent
Columbia Sportswear Co. reported sales grew 16 percent in the second quarter to $324.2 million compared with sales of $280.5 million for the same period in 2013. Columbia brand net sales increased $38.5 million, or 15 percent, to $291.0 million, and the newly-acquired prAna brand contributed $5.5 million of incremental net sales... (7/24/2014)

Callaway Golf's Q2 Revenues Sink
Callaway Golf Company reported second quarter sales decreased 7 percent to $232 million, compared to $250 million in 2013. Income from operations decreased 6 percent to $10.8 million...(7/24/2014)

NRF Projects Consumer Spending Increase
The National Retail Federation expects a surge in consumer spending during the next five months to compensate for a weak start to the year...(7/24/2014)

Sierra Design Hires Conradt to Drive International Sales
Sierra Designs, which has recently reinvented its line of backpacking gear, rebuilt its U.S. sales team, has hired outdoor industry veteran Bill Conradt to drive international sales...(7/24/2014)

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