The publicly traded chain, which is now forecasting FY same store sales growth of 6.5 percent and a total of 25 new or acquired doors before its Mar. 28, 2020 year-end, may make an aggressive expansion push into the heavily-populated Northeast U.S. as it eyes an eventual store count of 500 from its current 248 doors across 33 states. (Read More)
Momentum continues to grow for Crocs in the Americas where Q3 revenues rose more than 35 percent to $185.2 million and Classic Clog inventories were restored to “appropriate levels.” Now, the company is projecting its first Q4 profit in eight years as total revenues rise 13-18 percent. (Read More)
The O’Melveny attorney and Co-Chair of the Sports Industry Group address some of the crucial issues that still must be addressed in the wake of the NCAA’s recent decision to allow student-athletes to benefit from the name, image and likeness in 2021.
“I think the two businesses that are challenged are Outdoor and the Appliance business. Clearly, we’ve got some brands that were really very prominent in yesteryear and we need to update them. Coleman would be one definitely, and it’s a great brand with a great reputation. But I just think that with the competition that we have had both at the higher-end with Yeti and lower-end with Igloo, we just need to get on top. But the brand equity is great. Consumers love the brand.“
Fila is looking for a piece of the fast-growing pickleball category, introducing the Italian label’s first performance footwear and apparel collection tied to the sport. The brand is the Official Athletic Apparel and Footwear of the 2019 Margaritaville USA Pickleball National Championships taking place at the Indian Wells, CA Tennis Garden through Nov. 10. (Read More)
Google is paying a 31 percent premium on Fitbit’s market capitalization to acquire the 12-year old maker of fitness trackers and smartwatches. The transaction, suspected for days, is expected to close in 2020. “We see an opportunity to invest even more in Wear OS, as well as introduce Made by Google wearable devices into the market,” commented Rick Osterloh, SVP of devices and services for Google. (Read More)
Gert Boyle, the boisterous, longtime chairwoman of Columbia Sportswear and first woman inducted into the National Sporting Goods Hall of Fame, died yesterday in Portland, OR. She was 95. (Read More)
Citing weak sales in the imprintables channel in North America and internationally, Gildan Activewear reported a 2 percent decline in Q3 revenues to $740 million. A 1.1 percent increase in overall activewear sales to $619.2 million was driven by double-digit growth in sales to global lifestyle brand and higher fleece and fashion basic sales in North America. (Read More)
Headsweats, which continues to produce custom apparel for retailers and manufacturers, launches its own REPREVE fiber line of hats and apparel made from recycled plastic bottles. Boulder,CO-company partnering with Unifi on the performance shirts... (Read More)
Garmin annual Fitness revenues are now forecast to rise approximately 16 percent after increasing 28 percent to $243 million in Q3 on strength in wearables and contributions from Tacx. Separately, the company’s Outdoor segment annual revenues are now forecast to increase approximately 11 percent after... (Read More)