January 31, 2019 Ugg and Hoka Send Deckers Higher in FQ3
Net income more than doubled in its most important quarter to $194,027,000 from $90,887,000 last year that included a $63 million one-time deferred tax asset charge, as revenues surged 8% to $873,800,000 from $810,478,000. VF Confident in Hitting Targets as Major Brands Ramp up
With Vans continuing to show strong momentum, The North Face ready to accelerate and Timberland ready to turn the corner, VF Corp. told analysts that it was confident in its ability to hit its financial targets and gradually grow margins. Brunswick Fitness Results Slip Ahead of Spinoff
Brunswick’s fitness segment, which includes Life Fitness, Cybex, Indoor Cycling Group, SciFit and Hammer Strength, reported fourth quarter 2018 net sales of $287.7 million, a 6% decrease from $304.8 million in fourth quarter 2017. Columbia Files $20 Million RICO Suit against Seirus, Others
The ongoing dispute between the two outdoor apparel companies escalated with COLM accusing Seirus Innovative Accessories of funneling payments to Korean fabric supplier Ventex Co. and others to challenge its Omni-Heat patents.
In an unusual-for-Japan hostile takeover bid, Itochu made an unsolicited partial tender offer for another 9.56% of Descente stock, which would increase its holdings in the company from 30.44% to 40.00%. Hoopgate Update: Lamont Evans Pleads Guilty
As expected, the former Oklahoma State assistant basketball coach pleaded guilty in New York federal court to conspiring to commit bribery, in a deal reached with prosecutors. Puma Introduces Self Lacing Sneaker Tech
The Big Cat is offering its Fit Intelligence micromotor-powered lacing system as a rival to Nike’s HyperAdapt, with the first FI training shoe set to launch in 2020. Wolverine Worldwide Pledges $300,000 to The Outdoor Foundation
WWW is the latest outdoor brand to support the philanthropic arm of Outdoor Industry Association’s Thrive Outside program, designed to increase youth outdoor participation. Etcetera: Timberland, Vista Outdoor, The North Face, Snow Peak USA
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