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Softgoods, Suunto and Precor Propel Amer Sports to Solid Q3 Growth
Amer Sports revenues grew 6.0 percent currency-neutral in the third quarter as strong sales of Arc'teryx apparel and Salomon footwear and growing momentum at Precor/Fitness and Suunto/Instruments more than offset flat sales of ski and snowboard gear and low, single-digit declines at its Wilson/Ball Sports and Mavic/Cycle businesses. Profits still declined, however, due to one-time charges at Wilson...(10/23/2014)
Hunt Drives Rocky Brands Q3 Top-Line Gains
Rocky Brands, Inc. reported third-quarter sales increased 3.6 percent to $72.7 million. Earnings advanced 6.9 percent to $3.1 million, or 42 cents per share. On a conference call with analysts, David Sharp, president and CEO, said that following a strong first half of the year, sales growth moderated during the third quarter. He said, "We believe consumer interest in our innovative product lines remains high; however"...(10/23/2014)
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...(10/21/2014)
Timberland Paces VF’s Robust Q3
Led by accelerating momentum seen at Timberland, VF Corp. reported third-quarter earnings rose 8.5 percent in the third quarter, to $470.5 million, or $1.08 a share. Revenues grew 6.7 percent, to $3.49 billion. Results came in just short of Wall Street's consensus estimates of $1.09 a share on revenue of $3.57 billion but the company still slightly lifted its EPS guidance for the year...
Bankrupt GoLite Seeks DIP Financing to Avoid Liquidation Sale
GoLite, which filed for Chapter 11 bankruptcy last week, filed an emergency motion for debtor in possession (DIP) financing Monday it said was critical to avoiding an outright liquidation of the company t..(10/20/2014)
Evo Poised to Open Portland Store
Seattle-based Evo, considered one of the most influential retail brands in actions sports, was on the brink last week of opening its highly anticipated store in Portland, OR...
Gibbon USA Inc. Opens in Miami
Eleven weeks after being dropped by its U.S. distributor on the eve of Outdoor Retailer Summer Market, Gibbon Slacklines has established a U.S. subsidiary in Miami, FL that will open for business Monday, The B.O.S.S. Report has learned...(10/18/2014)
Compass Diversified Adds SternoCandleLamp to Portfolio
Compass Diversified Holdings acquired Candle Lamp Company, LLC. Oct. 10 for eight times trailing 12 months EBITA in its first acquisition of a consumer brand since divesting control of Fox Holding Corp. earlier this year...(10/18/2014)