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Columbia's Third Quarter Growth Nearly As Balanced as It Is Robust
Columbia Sportswear Company reported net sales grew 29 percent to a record $152.2 million in the third quarter with nearly equal contributions from existing and new businesses. Organic sales growth, led by Columbia and Sorel footwear, generated $73.3 million in incremental sales, while recently acquired Prana and a new joint venture in China accounted for another $78.9 million. The performance as well as strong orders for Spring 2015 prompted COLM to...
Crocs Turnaround Stalls in China
Crocs’ restructuring efforts started to show some pay offs in the Americas and Europe. Unfortunately, its business in China worsened. Operating earnings tumbled 93.8 percent in the third quarter to $1.1 million after $17.4 million in restructuring and reorganization charges...(10/31/2014)
Garmin Affirms Full-Year Margin Forecast Despite Lower Q3 Operating Margins
Garmin Ltd. reported operating margins declined at its fast growing Fitness and Outdoor segments as it cranked up spending on advertising and research to stay ahead of the game in the fast growing, but increasingly crowded wearables market...(10/31/2014)
Shimano Results Indicate US Bike Sales Rebounded Strongly in Third Quarter
Sales at Shimano's Bicycle Components segment grew by 33.2 percent during the third quarter, indicating U.S. bike dealers recovered many of the sales lost in the second quarter, when cold and wet winter weather lingered longer than usual across much of the country. The Japanese company said the weak yen continues to propel strong demand for its bicycle components and fishing gear and upped its forecast for 2014 sales and earnings for the second time this year...(10/31/2014)
Sequoia Capital Invests in Strava
Strava, the social fitness app that has become popular in the road cycling community, has raised $18.5 million in a Series D funding round with help from Sequoia Capital, a venture capital fund whose more recent successes include Instagram, WhatsApp and Square...(10/30/2014)
Trademark Issue Complicates GoLite's Chapter 11 Reorganization
Coupounas LLC is striving to find investors willing to buy it as a going concern by Nov. 10, despite losing rights to use the GoLite trademark it sold to Timberland in 2006, according to an Oct. 24 motion filed in the company's Chapter 11 bankruptcy case...(10/30/2014)
Big 5’s Q3 Net Down; Sales Trends Improving
Big 5 Sporting Goods reported a modest decline in third-quarter earnings due to continued softness in demand for firearms, ammunition and related products and the promotional retail climate. But sales turned positive in the second half of the quarter and earnings came in ahead of its guidance...(10/29/2014)
Timberland and VF Outdoor Americas President Frisk Departs for Aldo Group
Timberland President Patrik Frisk is leaving VF Corp. to take a position as CEO of the Canadian fashion footwear retailer Aldo Group, according to wire reports...(10/26/2014)