2018 Year In Review: Movers And Shakers Give Industry New Look
The active lifestyle, outdoor and sporting goods industries saw plenty of executive appointments and promotions in 2018, with companies like Nike Inc. and VF Corp. among those that saw the most announcements throughout the year, including G. Scott Uzzell (pictured) being named president and CEO of Nike subsidiary Converse Inc.
2018 Bankruptcy Blotter
Performance Bicycle and Sears led a number of companies that landed in bankruptcy court in 2018 although the case load was lighter than recent years and a major liquidation was avoided for a change. Others major filings included Rockport, Bon-Ton, Walking Company, Remington Outdoor and AcuSport.
Twitter CEO And NBA Commissioner To Discuss Partnership At CES 2019
The Consumer Technology Association (CTA) announced that Twitter CEO Jack Dorsey and NBA Commissioner Adam Silver will sit down for a conversation with ESPN anchor Rachel Nichols at CES 2019. The session, #NBATwitter: A Conversation with Adam Silver and Jack Dorsey, will discuss their innovative partnership, the NBA’s approach to sports technology with a spotlight on #NBATwitter and the reasons the vibrant community continues to flourish.
Report: USA Cycling To Hire Rob DeMartini As CEO
USA Cycling plans to hire Rob DeMartini, who is stepping down as New Balance’s president and CEO at the close of the year, as its new CEO, according to Cycling News. He replaces outgoing CEO Derek Bouchard-Hall.
Amazon Sees Record Holiday Sales
Amazon announced a “record-breaking holiday season” with athleisure cited as a “top trend” and Nike, Adidas, Carhartt and Champion landing on its top-sellers list.
2018 Year In Review: Most-Read SGB Executive Stories
SGB Executive covered an array of sporting goods, outdoors and active lifestyle stories in 2018, but clearly some topics resonated with readers more than others. Our list of the 25 most popular SGB Executive stories during the past 12 months ranges from channel upheaval to companies taking a stance on social issues to new executive appointments to brands’ financial success or sluggishness.
Mastercard: U.S. Retail Sales Grew 5.1 Percent This Holiday Season
According to Mastercard SpendingPulse, which provides insights into overall retail spending trends across all payment types, including cash and check, holiday sales increased 5.1 percent to more than $850 billion this year – the strongest growth in the last six years. Online shopping also saw large gains of 19.1 percent compared to 2017. The apparel category saw its strongest growth since 2010.
2018 Year In Review: M&A Goes Outside The Box
A healthy dose of straightforward mergers and acquisitions occurred in the sporting goods, outdoor and active lifestyle industries in 2018, but a handful of unconventional deals stole the spotlight. Outside-the-box transactions—which garnered much more attention than traditional ones—included a consortium of Chinese investors and a well-known active lifestyle name purchasing Amer Sports (pictured).
Wall Street Reacts: Nike Q219
With better-than-anticipated revenue and gross margins driven by a healthy innovation cycle, an acceleration of growth in North America and continued digital momentum, Nike reported second-quarter earnings and revenues that handily topped Wall Street targets and wowed many analysts. Here’s what some had to say.
Mastercard: Online Shopping Shines Bright This Holiday Season
Consumers are on track to spend more online than ever before this holiday season, according to Mastercard SpendingPulse. U.S. e-commerce sales trotted off to a strong start just before Thanksgiving, and grew 18.3 percent year-over-year in the period from November 1 through December 19.
States Scramble To Keep National Parks Open
A number of parks are digging into their own treasuries to keep their federal properties, including national parks, open and maintained during the partial government shutdown, according to reports. The shutdown, which began on Saturday, affected national parks unevenly, some still accessible with bare-bones staffing levels, some operating with money from states or charitable groups and others locked off.
Cycling App Zwift Raises $120 Million In Funding
Zwift, a multiplayer online training and racing platform for cyclists and runners, announced $120 million in funding, reflecting its commitment both to growing its new running discipline and also to expanding into esports.
Nike North America Bounces Back To Near Double Digit Growth In Q2
Led by a continued resurgence in North America, accelerated growth in China and continued gangbuster digital growth, Nike reported Q2 earnings and sales easily topped Wall Street’s targets and lifted its guidance for the year. Said Andy Campion, CFO, “As we’re beginning to gain greater insight into fiscal year ’20, we’re seeing continued strong demand.”
Nike CEO Mark Parker: Company Focused On Digital Growth, Women’s Market
After Nike Inc. blew past earnings and revenue estimates in the second quarter, CEO Mark Parker had plenty to discuss on Thursday afternoon’s earnings conference call with analysts. Two distinct themes about Nike’s future path emerged in Parker’s comments: continued digital growth and a heightened focus on women’s footwear and apparel business.
Aisle Talk Week Of December 17
Top headlines from the active lifestyle industry you may have missed this week, including Thule Group’s announcement of the acquisition of rooftop tent maker Tepui Outdoors Inc. for $9.5 million.
