Retail: 75
1.21%
Retail: 188
0.04%
Mon, Aug 28, 2017
Vol 1, Issue No. 33

The Buzz: Amer Sports, FILA, G-Form, Oakley

Amer Sports, the Wilson, Precor, Salomon and Arc’teryx parent, generated a 14 percent increase in Q2 revenues to the equivalent of $570.2 million. The net loss was $56.3 million for the period ended June 30.

Fila brand revenues in China rose 80 percent in local currency to the equivalent of $913.7 million for the six months ended June 30. Net profit was more than $264 million. Publicly traded Anta, which oversees the Fila business in the region, operates 1,788 FILA, FILA KIDS and FILA FUSION stores with plans to increase the total to 1,900-2,000 by year-end.

G-Form is honored with the U.S. Marine Corps Systems Command Knee and Elbow Pad Innovation award with its submission utilizing the brand’s SmartFlex technology and XRD materials. The Providence, RI company is donating its $4,000 prize to Team Semper Fi.

Globe Intl. has sold its Dwindle Distribution business and related skate brands (Almost, Blind, Dusters California and Enjoi) to Highline Industries Corp. Globe intends to go forward with its Globe, Salty Crew, FXD and Impala brands.

Oakley, owned by Luxottica, is the NFL’s official helmet visor provider this season. The company signed a four-year contract with the league last week following a reported two years of negotiations. NFL coaches and players will be encouraged, but not mandated, to wear Oakley sunglasses on the sidelines.

Peloton Interactive, which filed a S-1 for an Initial Public Offering (IPO) last week, generated $915.0 million in revenues for the 12 months ended June 30. The majority of sales, $719.2 million, were from Connected Fitness Products with the remaining $181.1 million generated by its $39 monthly subscription fees. The company’s annual net loss was $195.6 million.

TOMS strikes a three-year, strategic agreement with Hasbro to launch a series of products around the toy company’s brands. The collections will consist of men’s, women’s and kids’ footwear, key apparel and eyewear-related items tied to the Monopoly, Candy Land, My Little Pony, Transformers, Power Rangers and Tonka brands among others. The first wave of products will be available for the Fall 2020 season with Toms pledging to give a new pair of shoes to a child in need for every Hasbro x TOMS collection purchase.