Goat, the sneaker reseller marketplace, has launched an official partnership with the Brooklyn Nets for the 2019-20 season that will include Goat-branded arrival paths for home and away teams, content, signage and more. (Read More)
Momentous, the performance nutrition company based in Jackson Hole, WY, closed $5 million in Series A funding led by Los Angeles based firm FitLab, an investment fund focused on advancing human performance. Momentous joins a select group of performance brands in the FitLab portfolio, such as Laird Hamilton and Gabrielle Reece’s XPT and leading digital fitness platform Freeletics. (Read More)
Toms released its 2019 impact report. The report provides a comprehensive overview of their giving, including 96.5 million lives impacted, since the brand was thirteen years ago (Read More)
Ross Stores, Inc. reported earnings per share for the third quarter ended November 2, 2019 of $1.03, up from $.91 last year and ahead of Wall Street's consensus estimates of 97 cents a share. Net earnings grew 9.8 percent. (Read More)
Scarpa North America has recalled its Maestrale RS and Maestrale Men’s Ski Boots because the ski boot shell can crack, posing a fall hazard and risk of injury to the consumer. (Read More)
Shoe Carnival Inc. on Thursday raised its full-year earnings and revenue guidance after reporting a solid third quarter and nine months ended November 2. (Read More)
Nordstrom Inc. on Thursday reported earnings per diluted share of 81 cents for the third quarter ended November 2, beating Wall Street’s estimates by 16 cents. Total company net sales decreased 2.2 percent to $3.7 billion in Q3, improving by more than 200 basis points from the first half of 2019 and ahead of targets by $10 million. (Read More)
Callaway Golf Co. on Thursday announced that it has increased the size of the company's board of directors from 10 to 11 members, and that Scott H. Baxter has been appointed to the board. (Read More)
The recreational fishing and boating community Thursday praised the Senate introduction of the DESCEND Act of 2019 by U.S. Senators Bill Cassidy (R-La.) and Doug Jones (D-Ala.). (Read More)
REI Co-op will open a new store in Pigeon Forge, TN, in spring 2020. The new 21,500 square-foot store will be located in The Tower Shops at The Mountain Mile shopping center. (Read More)
Delta Apparel Inc. on Thursday reported growth across its portfolio resulted in fiscal 2019 fourth-quarter earnings of 50 cents per share, beating Wall Street’s targets by 2 cents. (Read More)
Jake Burton Carpenter, owner of Burton Snowboards and a snowboarding pioneer, passed away at the age of 65. (Read More)
Stage Stores Inc., which is converting many of its banners to the Gordmans off-price concept, cut its losses in the third quarter as same-store expanded 17.4 percent. (Read More)
“XTERRA has evolved from the days of being a race-focused company. Over the past few years, we’ve... (Read More)
Marburger’s Sporting Goods in Seabrook, TX has closed its location to make way for the expansion of Hwy. 146. (Read More)
Macy’s Inc. reduced its annual profit forecast for the second time this year after reporting its first drop in same-store sales in two years. CEO Jeff Gennette said in a statement.“The sales deceleration was steeper than we expected.” (Read More)
Lululemon has opened a 19,700-square-foot “experiential” store at Mall of America. Modeled after its store in Chicago’s Lincoln Park neighborhood, the location includes studios for yoga and HIIT activities, a Fuel Bar and a gear trial program. (Read More)
Planet Fitness Inc. on Wednesday announced that it has priced $550 million of Series 2019-1 Class A-2 Fixed Rate Senior Secured Notes (the "Class A-2 Notes"), with an anticipated repayment term of 10 years and a fixed interest rate of 3.858 percent per annum, payable quarterly. (Read More)
Nike Inc. on Wednesday announced a strategic investment in and exclusive intellectual property licensing partnership with Handsfree Labs Inc., a pioneer in hands-free footwear technology. Terms of the investment were not disclosed. (Read More)
On a media call Tuesday arranged by the Outdoor Industry Association (OIA), executives at Keen, Krimson Klover and Vista Outdoors as well as trade experts discussed the impacts of new tariffs on List 4 products as well as the ongoing tariffs on List 1-3. Beyond any direct costs, the panel lamented how the ongoing uncertainty is wrecking havoc with business planning. Some surprising repercussions are also occurring. (Read More)