Analyst Q&A: VF Corp. Q416
In the Q&A portion of VF Corp.’s fourth-quarter conference call on Friday, analysts questioned management about the distribution challenges facing The North Face in the U.S., whether the profitability in its Outdoor & Action Sports Coalition was sustainable, and open-to-buy rates by retailers.
Patagonia Launches ‘Defend Utah’s Public Lands’ Campaign
Patagonia launched a campaign urging residents of Utah to call Utah Governor Gary Herbert to “keep public lands in public hands” and retract his call for the Trump administration to rescind the Bears Ears National Monument.
Sportsman’s Warehouse To Hold Grand Opening in Moses Lake, WA
The store will be the ninth Sportsman’s Warehouse location in the state of Washington and 77th overall.
L.L. Bean To Sponsor PBA Bowling Tournament
L.L. Bean reached an agreement to become the title sponsor of this year’s PBA League Elias Cup Portland, ME.
Under Armour Signs Southampton Goalkeeper
Under Armour signed Fraser Forster, the English international and Southampton goalkeeper, as a brand ambassador.
Project Las Vegas Adds Educational Content To Show
Moderators include CFDA member and creative director, Luis Fernandez, who will lead The P1V0T Sessions: Maker Movement discussion focused on tech experts weighing in on the current impact advances in technology have on fashion design and production.
Oregon, Montana Looking To Host Outdoor Retailer Show
Joining Colorado, Montana and Oregon have expressed interest in hosting the Outdoor Retailer show.
Nike Facing Student Protests Over Alleged Sweatshop Violations
Following similar calls at Penn State and Georgetown, students from Cornell are calling on university officials to cancel the school’s contract with Nike over alleged sweatshop violations at a Vietnam factory.
Point 3 Appoints COO
Point 3 Basketball promoted Mikko Simon, formerly VP of marketing, to a newly created chief operating officer position.
VF Eyes Bounce Back Year In 2017
On his first conference call since becoming VF’s new CEO, Steve Rendle delivered a bullish assessment of VF’s prospects, predicting the company’s primary brands – Vans, The North Face and Timberland – would collectively grow at a high-single-digit rate in 2017, with a “special focus on reigniting growth in our North Face and Timberland brands in the Americas.”
Outdoor Retailer Says Goodbye To Utah
The show will leave Salt Lake City after Summer 2018. In addition, Utah will be excluded from submitting a proposal during the relocation process.
Aisle Talk, Week Of February 13
Top headlines from the active lifestyle industry you may have missed this week.
MC Sports Appoints Liquidators
A joint venture between Tiger Capital Group and Great American Group will conduct the going-out-of-business sale, which is now underway.
FGL Sports Delivers Another Banner Year
Duncan Fulton, president, FGL Sports, said on a conference call with analysts, “There is a lot of optimism and opportunity right now to get more out of the assets that we already have.”
Puma Appoints New North America President
Puma appointed Bob Philion, formerly head of Cobra Puma Golf, as president of Puma North America. Last November, Puma announced that the region’s long-time CEO, Jay Piccola, would retire, mid-2017.
