Lululemon Again Hikes Outlook On Q3 Beat
Lululemon Athletica Inc. reported net income rose 30.7 percent in the third quarter on a 30 percent revenue gain. Results topped guidance and the retailer raised its outlook for the year.
Delta Apparel Expects Strong December Quarter Revenue Growth
Delta Apparel Inc. announced today that sees strong, broad-based revenue growth for its 2022 fiscal first quarter ending January 1, 2022.
Nike Seeks To Ban Adidas Shoes Allegedly Copying Flyknit Designs
Nike Inc. is asking a U.S. trade agency to block imports of a wide range of Adidas AG Primeknit shoes, shown lead image, saying the shoes infringe on Nike patents covering its lightweight Flyknit design technology.
TRX Partners With Zara
TRX, the maker of functional training products, announced a partnership with fashion brand Zara.
Camping World Announces Deal To Acquire Lloyd Bridges Traveland
Camping World Holdings Inc. announced an agreement to acquire the Lloyd Bridges Traveland RV dealerships in Chelsea, MI.
USTA CEO To Step Down In March
USTA CEO and Executive Director Michael Dowse will step down from his position effective March 2022. Dowse was named USTA CEO and Executive Director in October 2019 after six years as president of Wilson Sporting Goods Co.
Kohl’s Debt Ratings Upgraded
Moody’s Investors Service changed Kohl’s Corporation’s outlook to stable from negative due to its improved credit metrics and improved profitability.
Sportsman’s Warehouse’s Third-Quarter Profits Slump 28 Percent
Sportsman’s Warehouse Holdings Inc., which recently ended its merger efforts with Bass Pro, reported profits, on an adjusted basis, declined 27.9 percent in the third quarter ended October 30 as same-store sales dipped 1.5 percent.
Vail Resorts To Acquire Seven Springs Mountain Resort
Vail Resorts, Inc. announced it had agreed to purchase Seven Springs Mountain Resort in Pennsylvania from Seven Springs Mountain Resort, Inc. As a part of the acquisition, Vail Resorts will also acquire Hidden Valley Resort and the operations of Laurel Mountain Ski Area.
NPD: U.S. Cycling Market Year-Over-Year Gains Moderate
In the 12 months ending October 2021, the U.S cycling market grew its revenue by only 3 percent compared to the prior year, to just over $8.4 billion, according to NPD Retail Tracking data. In the year-ago period, sales grew 45 percent.
NPD: Kids’ Activewear Sales Increased 34 percent In 2021
Overlapping with the return of in-person learning and sports activities this year, revenue from kids’ activewear increased by 34 percent in the U.S., from January through October versus last year, according to The NPD Group.
Ports Keep ‘Container Dwell Fee’ On Hold Until December 13
The ports of Los Angeles and Long Beach, CA announced that consideration of the “Container Dwell Fee” would be held off another week until December 13.
SIMA Appoints Executive Director
The Board of Directors of the Surf Industry Manufacturers Association (SIMA) announced the appointment of industry marketing veteran Vipe Desai as executive director effective immediately.
Cotopaxi Partners To Support Australia Distribution
Cotopaxi said Sport Factory Pacific Limited, based out of Auckland, New Zealand and Sydney, Australia, will be Cotopaxi’s appointed Australasian distributor.
Camping World Proposes Add-On To Its Senior Secured Term Loan
Camping World Holdings Inc. announced plans to issue a $300 million add-on to its senior secured term loan to fund the acquisition and development of RV dealerships and service centers.
