Bullish Report On Outdoor Apparel Sector
A new study from Stifel finds outdoor apparel consumers generally rate apparel and footwear brands in the outdoor category with high regard and place particular importance on versatility, comfort and style. The top four brands identified as primary outdoor apparel brands in an accompanying survey were Nike, Columbia, The North Face and Under Armour.
Kohl’s Earns Eighth Consecutive Energy Star Partner of the Year
Kohl’s announced that it has received the 2019 Energy Star Partner of the Year Sustained Excellence Award for continued leadership and superior contributions to Energy Star.
Canada Goose To Open Six Stores
Canada Goose announced plans to open six new stores with two in Europe, one in the United States and three in Canada.
REI Sees Record 2018 Financial Results
REI reported sales reached a record $2.78 billion in 2018, growing 6 percent year-over-year. More than 1 million new members were added during the year, bringing the co-op’s total membership to more than 18 million. REI also announced a major expansion of its rentals and used gear program and launched a new national campaign promoting the outdoors.
Under Armour Signs Mick Schumacher
Under Armour signed Mick Schumacher, Formula 2 driver and son of legendary F1 driver Michael Schumacher, to an endorsement deal.
Ten Active-Lifestyle Takeaways From Piper Jaffray’s Teen Survey
Vans and Lululemon are crushing it with teens. Nike and Adidas are plateauing while Under Armour and Supreme appear to be losing ground. But athletic apparel and footwear categories overall continue to grow in appeal with teens, according to Piper Jaffray’s 37th semi-annual Taking Stock With Teens survey.
Mammut Sees Healthy Growth In 2018
The Conzzeta Group, based in Switzerland, reported that its Outdoor segment (Mammut Sports Group) generated net revenue of CHF 253.4 million in 2018, up 10.9 percent, with double-digit growth in all three regions, Europe, America and Asia.
Fanatics Partners With University of Oklahoma
The Oklahoma Sooners and Fanatics have partnered to open The Sooner Shop, the flagship retail store for OU Athletics, located on the west side of Gaylord Family – Oklahoma Memorial Stadium.
Pearl Izumi And The Renewal Workshop To Offer CircleBack Program At Sea Otter Classic
Pearl Izumi and The Renewal Workshop are setting up shop at the Sea Otter Classic, April 11-14, 2019, to collect used Pearl Izumi gear to repair and refurbish through CircleBack, giving gently used products a second life instead of adding to landfills.
Duluth Trading Warns Of Sales Slowdown
Shares of Duluth Trading fell $5.94, or 25.2 percent, to $17.60 Friday after the company reported fourth-quarter earnings that came in well short of Wall Street’s targets because of delivery challenges and a poor response to newer offerings. Guidance for the current year was also significantly cut with a sales recovery not expected until the second half.
IMF Study Finds Tariffs Can’t Fix Trade Problems
New research from the International Monetary Fund (IMF) finds that if the U.S. and China raise tariffs to 25 percent on all goods traded between the two countries, the U.S. economy would lose between 0.3 and 0.6 percent in growth, the Chinese economy would lose between 0.5 and 1.5 percent, and global growth would slow by 0.1 and 0.2 percent.
Puma To Become Formula 1’s Exclusive Retail Partner At Race Weekends
Puma announced a long-term partnership with Formula 1 to become the exclusive merchandise retail partner from the start of the 2019 season.
Sports Participation Roundup
Extensive research from Women In Adventure touting the strong connection between women in the outdoors and their mental well-being highlighted the latest round of sports participation surveys and studies. Research also arrived on running-race sign-ups, tennis participation, gym memberships, tackle football and more.
Running Race Participation Sees Slight Decline In 2018
The number of runners registering for organized races in the U.S. was down slightly in 2018, continuing a five-year gradual drawback of mass participation in recreational road racing, according to Running USA.
Uli Becker And Bernd Wahler Join Hype Sports Innovation
Hype Sports Innovation said Uli Becker, ex-president of Reebok, and Bernd Wahler, former president of VfB Stuttgart who also served as Adidas CMO, have joined the firm. Hype Sport also said it is launching a $75 million sports tech fund.
