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Jarden Outdoor on Pace to Flatline in 2014 After Tepid Third Quarter Growth
Jarden Corp. reported revenues at its Outdoor Solutions (JOS) segment, which owns Coleman, K2, Marmot and 24 other sporting goods brands, grew just 1.3 percent in the third quarter ended Sept. 30, putting it on pace for flat sales this year...(10/24/2014)
Ugg Rediscovers its Groove for Deckers Brands
Deckers Brands reported fiscal second-quarter results that beat analysts expectations with sales and earnings growth of more than 20 percent, prompting the parent of Uggs, Teva, Sanuk and Hoka One One to raise its estimates for its fiscal year...
Unifi Inc. to Invest $40MM to Boost Capacity in CAFTA/NAFTA Region
Unifi Inc. said it will increase its yarn texturing capacity in the U.S. and Central America to serve growing demand for its Repreve and other premium synthetic yarns from Hanesbrands, Patagonia, The North Face, DC, Quiksilver and other brands and retailers determined to maintain a supply chain for synthetic apparel in the region...(10/24/2014)
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...(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)