OutDoor In Friedrichshafen Focuses On Running
At this year’s OutDoor in Friedrichshafen the subject of running will be presented for the first time in a special Running Center, removing the boundaries between trail running and classic running.
Adidas Partners With World OutGames Miami
Making its U.S. debut, the event will welcome LGBTQI athletes from more than 40 countries, many where homosexuality remains illegal and hidden.
Vail Resorts Sees Healthy Spring Bookings
Season-to-date total lift ticket revenue at the company’s North American mountain resorts, including an allocated portion of season pass revenue for each applicable period, was up 7.4 percent compared to the prior-year season-to-date period.
Patagonia Blasts Trump’s National Monuments Executive Order
Following President Trump’s signing of an executive order Wednesday calling into question the future of more than two dozen national monuments, Patagonia CEO Rose Marcario in an open letter declared the Trump administration “has an obligation to protect these most special wild places. Unfortunately, it seems clear they intend to do the opposite.”
Deckers Shares Pop On Acquisition Talk
Shares of Deckers Outdoor Corp. rose $1.81, or 3.1 percent, on Wednesday to $60.55 after it reported it was exploring a sale. The move comes as activist investors had pushed for a sale.
Ping Acquires Nike Golf Patents
Nike has sold five golf equipment patents to Karsten Manufacturing Corp., the parent of the Ping golf brand, according to a report from the Portland Business Journal.
Hibbett Slashes Guidance On Weak First Quarter
Hibbett Sports slashed its full-year guidance by 30 cents a share as first-quarter same-store sales are expected to decline between 4 percent and 5 percent.
OIA Reacts To Trump’s Review Of National Monument Designations
The Outdoor Industry Association (OIA) issued a statement saying it the outdoor industry business community are “very concerned about and closely watching” President Trump’s Executive Order calling for a review of national monument designations under the Antiquities Act.
Western Kentucky Officially Announces Deal With Nike
Western Kentucky Athletics said it reached an agreement for Nike to replace Russell Athletic as the department’s official apparel provider beginning on July 1, 2017.
Lifted Research Group Acquired By Mad Engine
Mad Engine LLC has acquired urban streetwear brand Lifted Research Group Inc.
J.Crew To Cut 250 Jobs
J.Crew Group, Inc. announced several strategic changes across its organization to better position the company for sustainable and profitable growth.
Run Specialty’s Digital Disconnection
According to interviews with executives attending the industry’s premier race, the Boston Marathon, many local running shops are struggling to adapt to the shift toward digital retailing.
Academy Can’t Sidestep Industry Pressures
Unable to shrug off the many challenges facing the sporting goods channel, Academy Sports + Outdoors’ same-store sales slid in the low-single-digit range and management-adjusted EBITDA dropped 23 percent in 2016.
Americas Drives Puma’s Q1 Growth
“Retailers ordered more because they needed more which has not been the case for a long time at Puma,” Bjørn Gulden, CEO of Puma SE, said on a conference call with journalists.
Outdoor Industry Association Releases The Outdoor Recreation Economy Report
The report shows the outdoor recreation economy generates $887 billion in consumer spending annually, sustains 7.6 million American jobs and generates $65.3 billion in federal tax revenue and $59.2 billion in state and local tax revenue each year.
