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Quiksilver Slow Turnaround Continues
Once again, Quiksilver Inc. can’t seem to catch that wave.
The surf apparel giant reported that it narrowed its pro-forma loss from continuing operations in its first quarter ended Jan. 31, to $16 million, or 10 cents per share, compared with a loss of $26 million, or 16 cents, a year ago. The improvement, however, was largely the result of income tax benefits...(3/7/2014)
Skullcandy Completes Off-Price Purge, Readies Walmart Launch
Having largely completed its purge of off-price dealers, Skullcandy Inc. will turn its attention in 2014 to adding retailers who meet its turnaround criteria, including Wal-Mart Stores Inc., the company disclosed Thurday...(3/7/2014)
Dorel’s Cycling Sports Group Ends 2013 in the Dog House
Restructuring charges at Dorel Industries Inc.’s once, high-flying Cycling Sports Group (CSG) dragged down the Canadian company’s net income by nearly 43 percent in the fourth quarter. Dorel said currency-neutral organic sales at its Recreational/Leisure segment grew just 1 percent while gross margin dropped 380 basis points...(3/6/2014)
Adidas’ Outlook Dampened by Currency Woes
Excluding the impact of currency-fluctuations, Adidas Group reported a blowout fourth quarter, with currency-neutral (C-N) sales ahead 12 percent and operating profit up almost fourfold compared to the prior year. On a C-N basis, Adidas Brand sales grew 10.3 percent, Reebok advanced 8.9 percent, and TaylorMade Adidas Golf expanded 25.3 percent...(3/5/2014)
Groupe GO Sport Says 2013 Sales Decline Belies Success of Courir Footwear Chain
France’s Groupe GO Sport reported fourth quarter sales declined 1.6 percent to €159.6 million ($217mm), or 1.7 percent in currency-neutral (c-n) terms, as declines at its flagship GO Sport operation in France more than offset growth at Courir, the footwear chain that is having growing success outside the running space...(3/3/2014)
Deckers Outdoor Rides Ugg Turnaround in Q4
While its outlook disappointed Wall Street, Deckers Outdoor Corp. delivered a robust fourth-quarter, with earnings ahead 43.7 percent on higher gross margins and double-digit top-line growth. Among its larger brands, sales grew 18.1 percent at Ugg, 45.2 percent at Sanuk, and 13.6 percent at Teva...
Champion: $2 billion And Growing
Champion sales at retail exceeded $2 billion in 2013 and growth isn’t just coming at Target with its successful C9 collection, officials at its parent, HanesBrands, said last week at the company’s annual investor meeting...(2/28/2014)
Jos. A Bank Could Still Back Out of $825M Deal to Acquire Eddie Bauer
Jos. A Bank Clothiers Inc. gave its rival Men’s Wearhouse one more opportunity to sell it on a merger late last week, increasing the possibility JOSB will call off its proposed $825 million acquisition of Eddie Bauer...