Vail Resorts Inc. on Friday today announced that the company plans to invest approximately $175 million to $180 million in the guest experience in time for the 2019-20 winter ski and snowboard season across its network of 18 resorts.
Month: December 2018
Chinese Investor Consortium Reaches Agreement To Acquire Amer Sports
A consortium led by China’s Anta Sports made an offer to acquire Finland’s Amer Sports in a deal that values the company at €4.6 billion (US$5.23 billion) and Amer’s board is recommending shareholders approve the offer. The consortium plans to operate Amer Sports independently from Anta, with a separate board of directors.
Aisle Talk Week Of December 3
Top headlines from the active lifestyle industry you may have missed this week, including big news from trade show owner Emerald Expositions, which canceled Interbike (pictured) for 2019 and also shortened Outdoor Retailer Summer Market and Winter Market from four days to three days.
Retail Disappoints In Duluth Trading’s Q3
Shares of Duluth Holdings Inc. tumbled $6.03, or 19.9 percent, to $24.33 Friday following the company’s mixed third-quarter results. Although the company’s revenue was up 27.4 percent to $106.7 million—which beat Wall Street’s target by $2 million—there is concern on the retail side.
Zumiez Boosted By Healthy Streetwear Trends
With a number of its streetwear labels riding strong popularity with teens, Zumiez Inc. reported earnings rose 16.0 percent in the third quarter ended November 3 to $13.8 million, or 55 cents per share, exceeding guidance calling for earnings in the range of 45 to 51 cents.
Dakota Grizzly … A Midwest Brand Born Of A Heritage Of Family Tradition … Conversation With CEO, Ellen Brin
Dakota Grizzly … A Midwest Brand Born Of A Heritage Of Family Tradition
Johnson Outdoors Sees Record Annual Results
Johnson Outdoors announced all-time high revenue and earnings for the second consecutive fiscal year. Strong marketplace demand for new products in the company’s core Fishing and Diving brands propelled an 11 percent increase in sales as operating profit grew 38 percent and net income rose 16 percent over the prior fiscal year. The seasonally slow fourth quarter net sales nearly equaled prior year results.
Vail Resorts Season Pass Sales Ahead Double-Digits
Vail Resorts widened its loss in the first quarter but noted that season pass sales through December 2, 2018 for the upcoming 2018/2019 North American ski season increased approximately 21 percent in units and 13 percent in sales dollars.
FFANY Appoints Executive Director
The Fashion Footwear Association of New York (FFANY) appointed John Heron as its new executive director, effective January 1.
Emerald Expositions Cancels Interbike For 2019, Terminates Show Staff
Emerald Expositions, the owner of the annual Interbike show, announced Thursday evening that the Interbike trade show will not take place in September 2019 in Reno, NV, as previously scheduled.
Sears Gets $4.6 Billion Bid From Chairman
ESL Investments Inc., run by Sears Holdings Corp’s Chairman Eddie Lampert, has offered $4.6 billion to buy the bankrupt retailer.
Nike Appoints VP Of Diversity And Inclusion
Nike has appointed Tamika Curry Smith as its new VP of diversity and inclusion, according to a report from Black Enterprise.
U.S. Soccer Foundation Files Lawsuit Against U.S. Soccer Federation
The lawsuit was filed in the wake of a recent demand by the USSF that the Foundation cease using its widely-recognized name and logos, which have defined the Foundation’s brand and charitable work since its inception in 1994.
Polartec Announces 2018 Apex Design Award Winners
Polartec announced the winners of its 2018 Polartec Apex Awards, an annual design award program celebrating the finest products made from Polartec fabrics.
The Thru-Hike-Syndicate Opens Application Period For Sixth Season
Vasque announced the kick-off of the sixth season of the Thru-Hike Syndicate, a brand partner-powered program supporting a select group of thru-hikers attempting to complete the longest trails throughout North America.
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