Quiksilver Waterman To Sponsor World’s Largest Paddle Festival
The Carolina Cup, the world’s largest festival combining paddle races, clinics, product displays, and entertainment has attracted the support of Quiksilver Waterman as title sponsor.
12 ReTech Acquires E-motion Apparel
12 ReTech Corporation has acquired E-motion Apparel, Inc. in a stock for stock transaction between 12 ReTech and Hubert (Hub) Blanchette, the owner and CEO of the company. E-motion Apparel owns several brands including E-motion Apparel, Lexi-Luu Dancewear, Punkz Gear and Skipjack.
Dick’s Q4 Earnings Arrive At Upper End Of Guidance
Dick’s Sporting Goods reported earnings fell 13.8 percent before non-recurring charges in the fourth quarter, to $127.3 million, or $1.22 a share, but came in at the top of guidance. Same-store sales slid 2.0 percent, in line with guidance. Earnings for 2018 were guided to be flat to down 7 percent.
Tilly’s Q4 Falls Short Of Guidance
Tilly’s Inc. reported earnings improved modestly in the fourth quarter and came in the lower end of its projections. Same-store sale were flat, also slightly below guidance.
Clarus’ Q4 Sales Climb 27 Percent
Clarus Corp., the parent of Black Diamond Equipment, Sierra Bulletts and PIEPS, reported sales in the fourth quarter rose 27 percent along with strong earnings improvement.
Former Newell Director Indicates Support For Starboard’s Efforts In Public Statement
Starboard Value LP, the hedge fund seeking to replace Newell Brands’ board, commented on the public support for Starboard’s efforts provided by Kevin Conroy – the 5th director to resign from Newell’s Board of Directors since late January.
Study: Inactivity Rates Among Low-Income Households Near Historic Levels
The 2018 Physical Activity Council Participation Report finds a moderate rise in participation for many sports and activities, including fitness sports, outdoor sports and winter sports. On the downside, the study identified a continuing trend toward the affluent getting more active while the less affluent are becoming more inactive.
Headsweats Celebrates 20th Anniversary With Hat Design Contest
Headsweats is inviting the public to join them in celebrating a major milestone by entering original artwork for the chance to be featured on a limited-edition 20th anniversary performance trucker hat.
Berkshire Hathaway’s Apparel Segment Sees Modest Gain In 2017
Berkshire Hathaway Inc. reported sales from apparel and footwear businesses – including Fruit of the Loom, Garan, H.H. Brown Shoe Group and Brooks Sports – increased 1.2 percent in 2017 compared to 2016, to $4.2 billion.
Clarus Promotes John Walbrecht To President
Clarus Corp., the parent of lack Diamond, Sierra and PIEPS, promoted John Walbrecht to president. Walbrecht has been with Clarus for nearly 18 months, serving as president of the company’s Outdoor Group.
Yue Yuen’s Revenues Climb 18 Percent in February
Yue Yuen reported revenues of $691.0 million against $584.9 million in the same period a year ago, representing a gain of 18.1 percent.
Art Gun Acquires DTG2Go Business
Delta Apparel Inc. announced that Art Gun, LLC, its wholly-owned subsidiary, has acquired substantially all of the assets of TeeShirt Ink Inc. d/b/a DTG2Go, a premium provider of digital, direct-to-garment printed products.
Nordstrom Announces Investments In Digital Technology
Nordstrom closed deals to acquire two retail technology companies: BevyUp, the innovators behind a digital selling tool, and MessageYes, a platform rooted in conversational commerce.
Fisher + Baker Bolsters National Retail Strategy With New Hire
Fisher + Baker, a boutique menswear brand, has hired Jessica Rush as senior account executive.
Retail Jobs Increased By Over 46,000 in February
Retail industry employment increased by 46,400 jobs in February over January, the National Retail Federation said. The number excludes automobile dealers, gasoline stations and restaurants. Overall, the economy added 313,000 jobs, the Labor Department said.
