Lululemon Athletica Inc. beat its second quarter guidance by selling through a line of fall apparel faster than expected, but reported a sharp reversal in same-store sales. Margins suffered as the company boosted spending 21 percent to open stores, a new
Year: 2014
NSSF Opens New Washington, D.C. Office
The National Shooting Sports Foundation (NSSF), the trade association for the firearms and ammunition industry, formally opened its new office in The Hall of the States Building on Capitol Hill…
Vero Vellini Signs New Sales Rep Groups
Vero Vellini, manufacturer of handcrafted gun slings, has announced that it has signed with two new sales representative groups, Owens Outdoor Sales and Mike Barnes & Associates…
SIX:02 Introduces Inaugural “It’s Your Time” 6K Run In Dallas
Foot Locker, Inc. announced that SIX:02, its new women's fitness retail destination, has launched its inaugural It's Your Time 6K Run. The race will be held on Saturday, Nov. 15, 2014, at Klyde Warren Park in Dallas…
DSW to Open Stores in Texas, New York and Minnesota
DSW Inc. announced plans to open stores in Fort Worth, TX; Plattsburgh, NY; and Eden Prairie, MN. All the stores will open on Sept. 10…
World Industries Acquired By Golden Viking Sports
INA International and its wholly owned subsidiary, Golden Viking Sports, have together announced the acquisition of the assets and trademarks of the World Industries skateboard brand from CA-based Seven Wells LLC. World Industries’ brands include Wo
Pensole to Launch Community Ownership Fundraising Campaign
Pensole Footwear Design Academy plans to launch a global “community ownership” fundraising campaign, called Soleholder, for the purposes of continuing to offer free education while funding expansion for the school’s programs and faciliti
Sportsman’s Warehouse Reports 6.1 Percent Q2 Comps Decline
Sportsman's Warehouse Holdings, Inc. reported net sales increased by 2.3 percent to $159.5 million from $155.9 million in the second quarter as sales of non-hunting gear helped offset the expected decline in firearms and ammunition sales. Same store
La Sportiva Promotes Degenhardt to Director of Marketing
La Sportiva North America promoted Jonathan Degenhardt to the position of marketing director and announced several other recent staff changes to prepare for continued growth, including a sharp spike in the sale of…
Spy Optic Modifies Credit Agreement
Spy Optic Inc. has secured changes to a credit agreement increasing the maximum money it can draw against inventory to the lessor of $3.5 million or 100 percent of eligible accounts receivable…
Vail Resorts Acquires Park City Mountain Resort
Vail Resorts, Inc. has acquired Park City Mountain Resort (PCMR) from Powdr Corp. for $182.5 million in cash in a deal that ends litigation that had threatened to close the iconic luxury resort this season. Vail Resorts immediately folded PCMR into its Ep
VF Corp. Taps Nike Exec to Propel Innovation Across Brands
VF Corporation has hired Dan Cherian as Vice President, Global Innovation, Performance Apparel and Footwear to oversee VF’s Global Performance Apparel and Footwear Innovation Centers, where the company focuses on developing game-changing advancement
Lululemon Sees Second Quarter Profits Slide
Lululemon Athletica reported second-quarter earnings slid 13.7 percent to $48.8 million, or 33 cents a share, but results exceeded Wall Street's consensus estimate of 33 cents a share. Comps declined 5 percent in constant dollars and gross margins e
Brian Anderson Resigns as CEO of Madd Gear
Brian Anderson has resigned as CEO of scooter company Madd Gear North America to pursue other opportunities. Michael Horne, global CEO of Madd Gear Action Sports and the company's Australian founder, has assumed the role of CEO of the North American
Toms Partners on Exclusive Target Collection
Target and Toms, known for its One for One giving model, are teaming up on a limited-edition collection of apparel, footwear and home goods for the holidays. For each item a customer buys from the collection, a blanket, meals or shoes will be donated…
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