According to a report published by The NPD Group, five outdoor activities – Cycling, Paddle Sports, Golf, Camping, Bird-watching and Nature Sightings – continued their momentum with robust growth in June.
Month: August 2020
Asics Sales Drop 21.5 Percent In Half
Asics Corp. reported a loss in the six months ended June 30 as sales dropped 21.5 percent. In North America, sales were down 27.1 percent but online sales grew 151 percent in the region. In the second quarter, sales were down 30.4 percent globally and 26.5 percent in North America.
PSEB Names New Interim CEO
PSEB, the parent company of PacSun and Eddie Bauer, has appointed Mike Relich as interim CEO role, replacing Jim Gulmi.
Hurley Family Launching Apparel Line With John John Florence
Kandui Holdings LLC, founded by the Hurley family, announced plans to launch Florence Marine X, an apparel collection in collaboration with two-time world champion surfer John John Florence. The partnership comes after Kandui in early August acquired the outstanding assets and intellectual property of the Simple footwear brand.
Iconix’s Q2 Revenues Slump 35 Percent
Iconix Brand Group, Inc., the parent of Starter, Pony, Umbro, Danskin, and a number of other lifestyle brands, reported sales in the second quarter fell 35.1 percent to $22.3 million compared to $34.4 million in the prior-year quarter.
Camping World’s Debt Ratings Upgraded
Moody’s Investors Service upgraded ratings of CWGS Enterprises, LLC, doing business as Camping World, as RV demand has taken off during the coronavirus pandemic.
PVH Hires Nike Exec To Head HR
PVH Corp. announced Julie Fuller, Nike’s vice president of global talent and organizational effectiveness, will join the company next month and assume the role of chief human resources officer on January 1, 2021.
Stein Mart To Liquidate All Stores In Bankruptcy
Stein Mart, the off-price retailer based in Jacksonville, FL, filed for bankruptcy protection amid the coronavirus pandemic. The retailer plans to close “a significant portion, if not all, of its brick & mortar stores.”
REI Co-Op To Pursue Sale Of Headquarters, Embrace Distributed Work Model
REI Co-op announced it is pursuing a sale of its newly completed corporate campus in the Spring District neighborhood of Bellevue, WA with the intention of shifting to a less centralized approach to its headquarters presence in the Seattle area.
Stack Sports Partners To Accelerate Growth Of Recreational Esports
Stack Sports has partnered with Mission Control to accelerate the growth of recreational esports in communities in the U.S. Mission Control just announced a $1.75 million seed round to further grow its platform.
Eagles Nest Outfitters Announces New Canadian Distribution Partner
Eagles Nest Outfitters (ENO), the manufacturer of parachute hammocks, announced a new Canadian distribution partner, Katadyn Canada.
REI To Pursue Headquarters Sale, Looks To Scale Remote Working
REI Co-op announced it is pursuing a sale of its newly completed corporate campus in the Spring District neighborhood of Bellevue, while shifting to a mix of multiple satellite campuses in the Seattle area and remote working to support its corporate staff. Ben Steele, REI’s EVP and chief customer officer, told SGB Executive, “To take advantage of all the flexibility that remote working allows, we think that’s going to have an impact that will benefit every employee.”
Columbia Sportswear To Sponsor Bubba Wallace And Richard Petty Motorsports Race Team
Columbia Sportswear announced a multiyear sponsorship with NASCAR Cup Series driver Bubba Wallace. The agreement enlists Wallace as Columbia’s newest brand ambassador, and includes a primary sponsorship of the No. 43 Richard Petty Motorsports Chevrolet.
Inside The Call: Canada Goose To Accelerate DTC Shift Amid Pandemic
Canada Goose Inc. reported sales collapsed 63.3 percent in its seasonally-slow first quarter while predicting a significant decline in the second quarter and lower wholesale revenues for the full fiscal year. Continued investments in digital and retail are expected to support DTC growth. Said Dani Reiss, CEO, “We made the call early in the pandemic to temporarily put our wholesale business on pause. This helped us maintain whole price integrity in what became a promotional environment for many other brands.”
Grassroots Outdoor Alliance Cancels November 2020 Connect Buying Show
Grassroots Outdoor Alliance, the national organization for the specialty outdoor retail, this week announced the cancellation of its fall Connect buying show originally scheduled for November 9-12, 2020.
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