Under Armour Appoints Chief Innovation Officer
Clay Dean joins Under Armour after more than 20 years of success at General Motors (GM), most recently leading GM’s Global Advanced Design organization.
Gander Mountain To Close 10 Texas Stores
Gander Mountain will close 10 stores in Texas as part of its announced closing of 32 stores in bankruptcy proceedings. Multiple stores will also close in Alabama, Georgia, Illinois and Minnesota.
Cocona Appoints EVP of Marketing And Sales
Cocona Inc., creator of patented 37.5 Technology and Eco-Dri Technology, announced the promotion of Christy Raedeke to executive vice president of global marketing and sales. Previously Raedeke was vice president of global brand at Cocona.
Differential Brands Group Sees Q4 Revenues Double
Differential Brands Group Inc., which includes Hudson Jeans, Robert Graham and Swims, reported fourth quarter net sales increased 108 percent to $42.0 million; full year net sales increased 104 percent to $149.3 million, driven by the inclusion of the Hudson Jeans and SWIMS brands in addition to sales growth in the Robert Graham brand.
Finish Line Brings Back College Hoops Bracket Challenge
The Finish Line Bracket Challenge will offer participants the chance to win up to $5,000 by selecting winning teams this March and encourage engagement on the company’s social accounts.
The Buckle’s Q4 Profits Slide
Dennis Nelson, president and chief executive officer, said, “While overall results for both the quarter and year were below expectations, we were able to maintain merchandise margins and finish the year with an operating margin of 15.7 percent.”
Vail Resorts Sees 21 Percent Q2 Sales Gain
Vail Resorts reported net earnings grew 27.5 percent in its second quarter ended January 31 on a 21 percent revenue gain.
Pacific Sunwear Appoints Interim CEO
Pacific Sunwear appointed James Gulmi, former long-time CFO for Genesco, as interim CEO.
Gander Mountain Lands In Bankruptcy Court
Said Gander Mountain in a statement. “Like many retailers, Gander Mountain experienced challenging traffic patterns and shifts in consumer demand resulting from increased direct-to-customer sales by key vendors and accelerated growth of e-commerce.”
Gander Mountain Files For Chapter 11
Gander Mountain Co., as expected, filed for bankruptcy in U.S. Bankruptcy Court for the District of Minnesota. The hunt & fish specialist plans to close 32 of its approximately 160 stores in coming weeks but is in active discussions with a number of parties interested in a going-concern sale.
Hibbett’s Q4 Dragged Down By Legacy Sports Categories
Said Jared Briskin, SVP and chief merchant, ”The continued declines of some of our legacy businesses such as performance apparel and footwear, licensed products and equipment continue to reinforce our direction, focusing on sports-inspired fashion products for our stores.”
Bigtruck Scores Mikaela Shiffrin Collab
The Lake Tahoe-based lifestyle brand unveiled a collaboration with multiple World Cup Slalom Champion and Olympic Gold Medalist Mikaela Shiffrin.
Genesco’s Q4 Boosted By Lids Profit Rebound
Lids Sports Group doubled its operating profit in the fourth quarter on an 8 percent same-store gain, offsetting weakness at Journeys due to a fashion shift.
Buff Diversifies Run And Outdoor Accessories
The performance headwear brand launched new UV Arm Sleeves and a lightweight UV Cap to bring its run and outdoor accessories to a broader market.
Aisle Talk, Week Of March 6
Top headlines from the active lifestyle industry you may have missed this week.
