July M&A Roundup: Where Will Perry Ellis Ownership Saga End?
July was quiet for M&A activity in the outdoor and active lifestyle space, but the ownership saga surrounding Perry Ellis International made plenty of noise as it took more twists and turns.
Nomura Downgrades Acushnet On Valuation, Cautions On Under Armour And Canada Goose
Nomura Instinet analyst Simeon Siegel downgraded Acushnet Holdings, the parent of Titleist and Footjoy, to “Neutral” due to the stock’s recent run-up in price while also expressing valuation concerns on Under Armour and Canada Goose.
Big 5 Sporting Goods Misses On Income, Revenue
Big 5 Sporting Goods Corp. reported a net loss for the second quarter of fiscal 2018 of $0.2 million, or (1) cent per share, compared to net income for the second quarter of fiscal 2017 of $2.8 million, or 13 cents per diluted share. Analysts had expected a profit of 11 cents per share.
PVH Corp. Partners With UFC For Van Heusen Flex Collection
PVH Corp. announced a new campaign for the company’s Van Heusen brand, which includes a partnership with UFC, the mixed martial arts organization. The partnership establishes Van Heusen as UFC’s first-ever “Official Men’s Dress Furnishings Provider.”
Aramark Launches Performance Work Line
Aramark, a leader in food, facilities management and uniforms, announced the launch of the Aramark FlexFit performance uniform line featuring light-weight fabrics and inspired by the athleisure trend.
The North Face Appoints New Heads Of Product And Merchandising
The North Face announced the appointment of Kelly Cortina as vice president of global product and Darren Cookson as global vice president of merchandising for The North Face, effective immediately. Cortina was most recently VP global merchandising, Center of Excellence at Under Armour while Cookson was VP of product & merchandising EMEA, The North Face.
Golf Rounds Decline In June
According to Golf Datatech, golf rounds played were down 1.2 percent in June compared to the same month a year ago. Gains were seen in the Mountain region, up 4.4 percent as well as South Central, 3.4 percent and Pacific, 2.0 percent.
Bass Pro’s Rogers Location To Become First U.S. Combo Store
Bass Pro’s Outdoor World in Rogers, AK, will undergo an extensive renovation to feature Bass Pro Shops, Cabela’s and Tracker Boats together under one roof for the first time. The location will add a new boat center and significantly expanded fishing and apparel departments.
Bass Pro To Open First Store Since Cabela’s Merger Close
Bass Pro Shops plans this fall to open the company’s first store since the closing of the merger with Cabela’s. The new Outpost in Halifax, Nova Scotia will feature dedicated sections for Bass Pro, Cabela’s and Tracker Boats.
Adrienne Lofton Exits Under Armour
Adrienne Lofton, who has served as Under Armour’s SVP for global brand management since 2015, has resigned from the company, according to reports from Adweek and Advertising Age.
Beyond Product: Industry Trends, Brand Stories Take Center Stage At OR
New product releases tend to garner most of the headlines at trade shows, but at Outdoor Retailer Summer Market, SGB’s editorial team also wanted to discover what’s happening with brands beyond the latest and greatest gear and apparel. Here are some of the stories and industry trends we found and hints of what’s to come.
VF Corp. CEO Steve Rendle Talks Company’s ‘Purpose-Led Journey’
VF Corp. CEO Steve Rendle spoke at last week’s Camber Outdoors keynote breakfast—held in conjunction with Outdoor Retailer Summer Market—where he shared his company’s vision for becoming more inclusive and diverse.
Arc’teryx Sales, China Growth Boost Amer Sports In Q2
Double-digit improvement with the Arc’teryx brand and a 21 percent sales growth in China were the primary drivers behind Finland-based Amer Sports’ performance in the second quarter.
Columbia Gaining Traction With ‘Project Connect’ Initiative
Columbia Sportswear Co. launched an ambitious transformation plan, Project Connect, one year ago, and so far the project has delivered the results the global apparel and footwear company sought, according to executive comments made during Thursday’s earnings call with analysts.
Aisle Talk Week of July 23
Top headlines from the active lifestyle industry you may have missed this week, including the U.S. House of Representatives approving the Personal Health Investment Today (PHIT) Act, which allows the use of pre-tax savings accounts for physical activity-related expenses.
