According to the NPD Group, both athletic footwear and activewear sales declined in the low-teens in the first six months of the year. In footwear, Brand Jordan, Brooks, Hoka One One, and On were among the few athletic brands showing gains. Nike performed better in apparel among the big-three brands.
Month: August 2020
Smith & Wesson Brands Sets Spinoff Date
Smith & Wesson Brands Inc. announced that its board of directors has approved the previously announced separation from Smith & Wesson Brands, Inc. of its outdoor products and accessories business into an independent, publicly-traded company.
NICS Checks Surge 123 Percent In July
The FBI completed 1.85 million gun background checks on an NSSF-adjusted basis in June, a hike of 122.5 percent compared to the June 2019 NSSF-adjusted NICS figure of 830,579. The rate builds on gains of 135.7 percent in June, 75.2 percent in May, 69.1 percent in April and 41 percent in March.
DW Sports Enters Administration
DW Sports, which operates 73 gyms and 75 stores across the U.K., said it plans to enter into administration. All of its stores will close, but DW plans to work with administrators from BDO to save as many gyms as possible.
OR Parent’s Q2 Results Marred By Event Cancellations
Emerald Holding Inc., the parent of Outdoor Retailer, Surf Expo and other trade shows, reported a steep decline in revenues in the second quarter due to event cancellations tied to COVID-19 but saw a more modest decline in earnings due to the arrival of initial claims confirmed under its event cancellation insurance policy.
Topgolf Opens Second Open-Air Venue In Chattanooga
Topgolf Entertainment Group announced its newest venue located in Chattanooga, TN will open its doors to the public on August. 7. The new venue is the second completely open-air concept from Topgolf with a third set for Waco, TX.
Hurley Family Acquires Simple Footwear Brand
Kandui Holdings LLC, founded by the Hurley family, through its new operating entity Simple Shoes LLC, has acquired the outstanding assets and intellectual property of Simple from KTSimple LLC.
Emerald Holding Announces Election Of New Preferred Stock Directors
Emerald Holding Inc., the parent of Outdoor Retailer, Surf Expo and other trade shows, announced that OPV GEM Aggregator LP, the majority holder of the outstanding shares of Series A Convertible Participating Preferred Stock of Emerald Holding, Inc., elected Lynda Clarizio and David Levin as Preferred Stock Directors to the company’s Board of Directors, effective immediately.
Nike Partners With Naomi Osaka On Program To Change Girls’ Lives Through Sport
Nike has partnered with tennis star Naomi Osaka and Laureus Sport for Good to start a new grassroots sports program, Play Academy with Naomi Osaka, designed to train and inspire girls through sport.
Therabody Announces Settlement Of Patent Infringement Lawsuits Against HyperIce And AchedAway
Therabody, formerly known as Theragun, announced that after aggressively enforcing its patent rights, it has reached settlement agreements with manufacturers and sellers of vibration massage devices, Hyper Ice, Inc. and AchedAway (Shenzhen) Technology Co. Ltd.
Hydro Flask Announces ITC Filing To Combat Counterfeiting
Hydro Flask, a Helen of Troy Limited, announced its recent filing with the U.S. International Trade Commission (ITC) to combat widespread importation of counterfeit Hydro Flask products into the United States.
Icebreaker Appoints New GM and VP
Icebreaker appointed Cameron Walker as its new GM and VP at Icebreaker North America, Rachel Winkel as director of North American marketing and Sam Minassian as head of e-commerce & digital marketplaces.
VF Corp Appoints President, Greater China
VF Corporation announced the appointment of Winnie Ma to the new position of president, Greater China. Ma joins VF following a 10-year career at Unilever, North Asia, where she most recently led the Beauty & Personal Care category business.
Coleman Benefiting From Camping’s Surge, New Management
Newell Brands said sales at its Outdoor & Recreation segment, which includes Coleman and Marmot, fell 20.3 percent in the second quarter but Coleman’s sales are reviving since June as interest in camping has taken off. Two industry executives, Jim Pisani and Bill Kirchner, are helping guide the segment’s turnaround.
Johnson Outdoors Sees Orders Spike As People Head Outdoors
Johnson Outdoors Inc. reported steep declines in profits and revenues in its fiscal third quarter ended June 26 but indicated orders have increased significantly in May and June in its Fishing, Watercraft Recreation and Camping segments as quarantined-consumers head outdoors for recreation. Helen Johnson-Leipold, chairman and CEO, said on a conference call with analysts, “At this time, we are working overtime to keep pace with continuing demand in all three of these businesses.”
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