Patagonia announced that it is “transitioning away” from adding corporate logos to its products due to environmental reasons.
Month: April 2021
Costco’s Same-Store Sales Climb 16 Percent In May
Costco Wholesale Corp. reported net sales of $18.21 billion for the retail month of March, the five weeks ended April 4, 2021, an increase of 17.6 percent from $15.49 billion last year.
Frasers Group Warns Of £200 Million Pandemic Charge
Frasers Group, the parent of Sports Direct in the U.K. as well as Bob’s Stores and EMS in the U.S., will book a non-cash charge that could exceed £200 million ($274 million) in its 2020-21 results to account for impairment of assets during the latest COVID-19 lockdown.
RV Retailer Partners With RV Technical Institute
RV Retailer LLC announced a partnership with the RV Technical Institute (RVTI) to provide all RVR techs with access to RVTI standardized training, curriculum and certification resources through RVTI’s Authorized Learning Program.
Race Roster Returns as Title Sponsor Of Running USA Conference
Race Roster will continue its support of the Running USA Industry Conference. The 2022 Running USA Industry Conference will be held in person in February 2022. Event details will be announced in the next few weeks.
G-Form Announces Acquisition By Eldridge
G-Form today announced that Eldridge had acquired the brand. The transaction provides capital to scale the rapid growth of its proprietary SmartFlex impact protection technology.
Academy Sports’ Chief Merchant Talks Tailwinds
In an extensive interview with SGB Executive, Steve Lawrence, EVP and chief merchandising officer, Academy Sports + Outdoors, discusses how the many drivers of the retailer’s 16.1 percent same-store gain in 2020 will support growth in 2021 and beyond.
Aisle Talk Week of April 5, 2021
The Top National stories and the Latest headlines across the Active Lifestyle Market for the week of April 5, 2021 covered in the SGB Updates and delivered to your inbox every business day.
Icon Health & Fitness Sues Peloton For Patent Infringement Over Bike+
Icon Health & Fitness Inc. filed a complaint in the U.S. District Court for the District of Delaware against Peloton Interactive Inc. for allegedly infringing the patent-in-suit for its automatic control Bike+ product.
Nike’s ‘Satan Shoes’ Lawsuit Ends In Recall
Nike Inc said MSCHF, the Brooklyn-based company that made “Satan Shoes” in collaboration with rapper Lil Nas X, has agreed to voluntarily recall the footwear as part of a legal settlement.
Sneaker Reseller StockX’s Valuation Reaches $3.8 Billion In New Funding Round
StockX LLC said it had notched a $3.8 billion valuation by selling $60 million of new stock and letting some employees sell $195 million of their shares to investors at that price point.
Aquasphere Introduces “A Lens For Every Condition”
Aquasphere introduces “A Lens For Every Condition,” a guide designed to educate swimmers on their ideal lens options. Sorted by swimming conditions—extreme sun, cloudy, overcast, rainy, or indoor, the online guide includes details about Aquasphere’s 12 lens options and how each can enhance specific swimming environments. The guide includes tips from its global athlete ambassadors, […]
Oboz To Plant Two Trees For Every Boot Tried On At Participating Retailers
Oboz has been planting a tree for each pair of boots it has sold since 2007. To date, the Bozeman, MT-based brand has planted over 3.5 million trees through its partnership with Trees for the Future. This month, Oboz will plant two trees for every pair of boots tried on and three trees total for […]
Vibram Announced Executive Leadership Changes
Eric Rosen, a 20-year veteran of Vibram, will retire in April, and in conjunction with his departure, Vibram announces changes to its senior management team.
IBM Consumer Study Points To Potential Recovery Of Retail And Travel Industries
According to the findings of a new global consumer study released by IBM’s Institute for Business Value (IBV), respondents surveyed are mostly confident in the safety, effectiveness, and distribution of the COVID-19 vaccines and indicate a desire to return to ‘normalcy’ after being vaccinated. But different rules, personal preferences, and social norms formed during the last year mean that key industries need to provide more personalized marketing and client experiences to remain competitive and engage successfully with consumers.
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