Executives at public industry firms discussed the impact of any higher duties on their businesses with Wall Street analysts last week as tariff talk continues to intensify. Firms are strategizing on how to combat looming 10 percent tariffs that will be levied on virtually all Chinese imports Sept. 1. (Read More)
Supply chain shortages, which impacted North America in H1 and will continue into Q3 before “being sorted out” in Q4, will have no impact on Adi’s business across the geography in 2020. On a broader scale, Adidas continues to guide to 5-8 percent topline growth in H2 on an expected acceleration in its overall business. (Read More)
Mike Cosentino, founder and CEO of Big Peach Running Co., a seven-door run specialty retail chain based in Atlanta, made a bold move in August 2018, purchasing a 33-foot vehicle from a company in Marietta, GA that specializes in food trucks. He architected and fabricated his six-figure purchase himself before getting “Big Peach On Wheels” on the road to serve as a mobile, on-site store at schools, races and corporations across Georgia.
“No one would deny, getting closer to someone is a way to become more convenient,” Cosentino says. “I think all [specialty store owners] should be thinking about convenience.”
We caught up with Cosentino to learn about the venture and whether he would advise others in the sports specialty business to give a similar mobile store on wheels a spin.
HYLETE, a Solana Beach, CA company founded in 2012, filed for an initial public offering on Aug. 6. In the 148-page prospectus, the firm, headed by President and CEO Ronald L. Wilson, II, says it want to raise 417.25 million by offering shares at $8-10 apiece that would be listed on the New York Stock Exchange under the ticker, “HYLT.” (Read More)
Major brands within WWW’s portfolio each achieved 25 percent or more ecommerce growth in Q2 despite an essentially flat overall topline of $568.6 million that missed corporate’s longer-term sales growth objective and the period’s target by more than $6.6 million. (Read More)
The construction of a 700,000-sq. ft. distribution center near Dallas that will house multiple brands owned by Callaway, including TravisMathew, Ogio and Jack Wolfskin North America, is underway and will continue through 2020 as the company aims to consolidate operations for its brand portfolio. (Read More)
Columbia Sportswear introduces its SH/FT Collection of footwear, which focuses on urban style and delivers trail-worthy performance, available in four styles and colorways for men and women. Besides limited-edition styles at select Atmos, Shoe Gallery and UBIQ locations, styles will be sold in Foot Locker, Champs and Dick’s Sporting Goods starting Aug. 16. (Read More)
Escalade operating profit rose 22 percent to $3.0 million in Q2 ended July 13. Sporting goods revenues rose 14 percent to $55.6 million, fueled by 91 percent ecommerce growth to $24.8 million. Sales into the mass channel declined 3 percent to $18.8 million; fell 15 percent into the specialty channel to $16.2 million. (Read More)
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