Daily News Feed
VF Q3 is Flat as Timby Weakness Offsets Vans, TNF Strength
Net income was $465,003,000 compared to $463,509,000 for the three months ended Dec. 31 on a 5% gain in revenue to $3,384,746,000 from $3,227,712,000 as 13% growth at the Vans brand and 8% growth in The North Face globally was pulled down by a disappointing 4% decline at Timberland that was mostly the result of softness for its core men’s classic and footwear business.
The value of the deal was undisclosed but said to be dependent on the team’s promotion to the Premier League.
The Eager Beavertons sued a bushel of counterfeiters and won a $1.8 billion default judgment, which they are now attempting to collect.
Under Armour Terminates the UA Record App
Under Dog will no longer support the software that made its high-end fitness devices communicate with each other, effectively turning off its wrist activity tracker band ($180), smart scale ($180) and chest strap heart monitor ($80) after March 31, according to website Ars Technica.
The Compass Diversified subsidiary appointed Grindle, most recently CEO of Hatteras/Cabo Yachts, as its new president and co-CEO, sharing the CEO title with Tom McGann, who is also executive chairman.
In 2020, for the first time, the Big a will source more than half the polyester used in its products from recycled plastic waste, and it is on track to meet its goal of using only recycled polyester by 2024.
Jose Manual Bustos is claiming he fell and was badly injured after a blade detached from the sole of his Adidas Spring Blade sneakers, in a lawsuit originally filed in FL state court, but since removed to federal court in Palm Beach.
National parks recreational visits were up 6.2% in Dec. to 14,749,749 from 13,893,577, and finished the year up 0.8% to 320,732,290 up from 318,211,833.
VF Corp. Seeks to Shed Commercial Workwear Brands
A year after spinning off its jeanswear business as Kontoor Brands, VF now plans to review nine of its workwear brands that sell to businesses for possible divestiture.
Australia’s Super Retail Group said that its BCF chain of outdoor stores saw comps decline 0.5% in the 26 weeks through Dec. 28, but overall sales are expected to be up just under 1% to about A$284 million ($202 mm), and provisional segment EBIT is seen coming in at A$12 million ($8.5 mm).
The Chiefs’ QB sits atop the NFLPA’s list of top sellers of officially licensed NFL player products and merchandise from Mar. 1 through Nov. 30, 2019, with the Patriots’ Tom Brady in second place.
The acquisitive, PE-backed outdoor company is acquiring TekMat, which makes gun cleaning and gunsmithing mats and cleaning kits.
Pendleton Woolen Mills has re-acquired its outerwear license and hired the team that worked on its outerwear line under Item House Inc., its outerwear licensee since 1999.