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January 26, 2012 Under Armour Sales, Net Up but Lowers Top Line Outlook
Citing the warm winter and heightened caution by retailers, Under Dog scaled back its revenue projections for 2012 to the lower end of its long-term 20-25% growth target while maintaining its operating income outlook at the higher end of that same range. Life Fitness Posts Strong Q4 Operating Income Growth
Operating income at the Brunswick Corp.-owned company rose 16% to $28.3 million from $24.4 million for the period ended Dec. 31. Nike Elevates Bert Hoyt to Top Europe Post
Nike names Bert Hoyt vice president and GM of Western Europe. Finish Line Hires VP of Digital Marketing
Jay Custard, most recently VP of global e-commerce for Crocs, joins the national athletic specialty retailer as VP of digital marketing. Delta Apparel Reports on Inventory Writedown, Lowers FY Guidance
Earnings were negatively impacted by a one-time, $16.2 million inventory markdown on basic T-shirts as previously announced by the company. Lack of Snow Hurts Winter Sport Sales Through Dec.
With only 23% of the 48 contiguous U.S. states covered in snow last month versus 48% in Dec. 2010, winter sport sales were off 2.2% for the Aug.-Dec. timeframe to $2.19 billion from $2.24 billion, according to data from the SnowSports Industries America (SIA) and Leisure Trends Group. Lafuma Group Posts 4.4% Increase in Q1 Sales
Total revenues were €54.7 million ($71.2 mm) for the period ended Dec. 31. Etcetera: Hibbett Sports, Sport Chalet, Pro Player, Rawlings, Reebok, Shock Doctor
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