Patagonia To Donate $10 Million From Tax Cut To Environmental Causes
This holiday season, Patagonia said it is giving away the $10 million in unplanned cash the company saw as a result of last year’s “irresponsible” tax cut. According to the company, the tax cut was not only a windfall for the oil and gas industry but will also open up 19 million acres of Alaska’s wildlife refuge.
Nike Community Impact Fund Provides Grants To Detroit Youth Organizations
The Nike The Community Store in Detroit awarded $50,000 in grants to six local non-profits that focus on getting kids moving through play and sport so they can lead healthier, happier and more successful lives.
Triathlete’s Editor-in-Chief Erin Beresini Elevated To Editorial Director Of Pocket Outdoor Media
Erin Beresini, editor-in-chief of Triathlete, has been promoted to editorial director of Magazine & Digital Media for Women’s Running, Competitor Running, and VeloNews in addition to her current duties.
Newell Brands to Move Stock Exchange Listing To Nasdaq
Newell Brands on Wednesday announced it will voluntarily transfer its stock exchange listing from the New York Stock Exchange to the Nasdaq Global Select Market effective December 10 after market close.
Sportsman’s Warehouse to Open Lansing, MI, Store in 2019
Sportsman’s Warehouse is opening a new store in Lansing, MI, in the summer of 2019. The Lansing location will introduce the Sportsman’s Warehouse brand to Michigan and will be the 93rd store in 24 states.
Dick’s Sporting Goods Raises Guidance After EPS Beat
Dick’s Sporting Goods Inc. on Wednesday raised full-year 2018 earnings per diluted share guidance to $3.15 to $3.25 from the previous range of $3.02 to $3.20 earnings per share after reporting a strong third quarter ended November 3.
Sportsman’s Warehouse Holdings Q3 EPS In Line With Estimates
Sportsman’s Warehouse Holdings Inc. on Wednesday reported diluted earnings per share for the fiscal third quarter ended November 3 of 29 cents. Adjusted diluted earnings per share of 26 cents was up from diluted earnings per share of 23 cents in the third quarter of fiscal year 2017 and in line with Wall Street’s targets.
NRF Sees Positive Start To Holiday Spending
From Thanksgiving Day through Cyber Monday, more than 165 million Americans shopped either in stores or online, surpassing the 164 million who had said they would shop in a consumer sentiment survey conducted ahead of the holiday, according to findings from the National Retail Federation and Prosper Insights & Analytics.
Fun Socks Partners With Delivering Good
On November 27’s Giving Tuesday, Fun Socks, a division of United Legwear and Apparel Co. (ULAC), announced a formalized partnership with Delivering Good (formerly K.I.D.S and Fashion Delivers). The program, entitled Delivering Fun, will operate under the “1-for-1” model: one pair of socks for every pair purchased.
Zaful Activewear Launches College Campaign
At the beginning of November, Zaful launched a campaign destined for UCLA (University of California, Los Angeles), CSULB (California State University, Long Beach) and USC (University of Southern California) to bring their latest activewear to LA students.
Vuori Opens San Francisco Store
Southern California-inspired Vuori Clothing announced the opening of its latest store located at 2070 Union Street in San Francisco.
Hibbett Still Upbeat On Holiday Despite Q3 Miss
Hibbett Sports Inc. slightly lowered its full-year earnings guidance after reporting third-quarter earnings that just missed Wall Street’s targets. But e-commerce continues to outperform and Hibbett officials are hopeful footwear growth will accelerate in th fourth quarter promising offerings from Nike, Adidas and a number of smaller brands. Apparel, helped by the addition of Champion and Fila, is expected to continue to see robust growth.
Cyber Monday Breaks Online Sales Record
Cyber Monday is projected to hit $7.9 billion by the end of the day, making it the largest online shopping day of all time in the U.S., according to Adobe. This represents a 19.7 percent increase year-over-year year-over-year as of 7:00 p.m. ET.
Women’s Running Releases 2018 Audience Study
Women’s Running released its 2018 Audience Study based on interviews with 6,572 of its readers. The survey found Women’s Running audience on average spent $1,438 each year on running-related goods and services and an additional $1,155 on running-related travel. Respondents on average ran average of 198 days a year for 941 annual miles.
Pocket Outdoor Media To Host Media Hub At The Running Event
Competitor Running, Women’s Running, Triathlete, and VeloPress will host the Official Media Hub of The Running Event 2018 tradeshow from November 28 to 30 at the Austin Convention Center.
