September 06, 2017
Declaring that it is now in activation mode rather than acquisition mode, Under Dog told the Goldman Sachs conference that it still sees itself as the Number Three Brand in the athletic space reaching $10 billion in sales, but the timetable to reach that goal isn’t specified and the pathway to get there will be based on improving its performance in its largely existing distribution and activating the assets that it already has put in place.
The new Nike by You Experience Studio essentially allows consumers to put their own graphics on a Presto X or a slip-on version of the Presto X. It appears to be similar in its capabilities to what Vans is already doing in that consumers can put virtually any graphic design that has been digitized onto a limited number of SKUs set up to accept the transfer.
Seeking to leverage its market position in climbing hardgoods, CLAR plans to extend Black Diamond into footwear and expand apparel and wants to become the identity brand for climbing enthusiasts.
Net loss expanded to $8,568,000 in the second quarter ended Jul. 31 against a loss of $1,293,000 last year but sales jumped 22% to $538,006,000 from $442,267,000 including $45 million of incremental revenues from Donna Karan International.
The parent of Coleman, Jostens, Marmot, Rawlings and other brands cut its 2017 earnings guidance to $2.95 to $3.05 from a previous range of $3.00 to $3.20 because many of its resin suppliers in Texas and Louisiana have shut down their facilities.