Wolverine Worldwide Inc. announced a significant update on its ongoing PFAS/environmental exposures in the state of Michigan. The agreement, which will be finalized for approval, calls for Wolverine to pay $69.5 million over five years to cover the cost of extending new municipal water to affected areas.
Author: SGB Media
Nautilus Appoints CFO
Nautilus Inc. announced that Aina Konold has been appointed chief financial officer. Most recently, she was the founding CFO for Gap Inc. in China.
Lululemon Crushes Comp Sales In Q3
Lululemon Athletica Inc. on Wednesday reported total comparable sales for the third quarter ended November 3 increased 16 percent, or 17 percent on a constant dollar basis. Comparable store sales increased 10 percent, or 11 percent on a constant dollar basis, while direct-to-consumer net revenue increased 29 percent, or 30 percent on a constant dollar basis.
Conversation With Sportsman’s Warehouse CEO Jon Barker
From market-shifting acquisitions to doubling down on the sales of firearms and ammunition, a lot has been happening at Sportsman’s Warehouse Holdings Inc., the Midvale, UT-based sporting goods retailer. We recently spoke with CEO Jon Barker about these topics and more in our latest executive conversation. Here’s what he shared about the state of the company.
Goldman Sachs Upgrades Nike On China Prospects, Youth Popularity
Goldman Sachs boosted its rating on shares of Nike Inc. to “buy” because a “deep dive” analysis shows that the brand is poised for continued sizeable growth in China and should benefit from its resilient popularity among young consumers in North America.
Topgolf To Open Location In Cleveland
Topgolf Entertainment Group announced plans to open its newest Ohio location in Cleveland at 9 a.m. Friday. The three-level, 65,000-square-foot venue will feature popular Topgolf games and technology, private event spaces and more.
Americans Resolve To Prioritize Health And Wellness in 2020
When asked about their top focus areas for the New Year, more than half (51 percent) of Americans said health and wellness while only 27 percent chose financial stability, according to the annual New Year’s Resolution Study conducted by Allianz Life Insurance Company of North America.
Simms Names Strick Walker Chief Marketing Officer
Simms Fishing Products, a manufacturer of waders, outerwear, footwear and technical apparel in fishing, on Wednesday announced the hiring of Strick Walker as its chief marketing officer.
Outdoor Retailer Names Finalists For Innovation Awards
Outdoor Retailer on Wednesday unveiled 30 finalists for the second annual Outdoor Retailer Innovation Awards, which recognize achievements in outdoor products, materials and services.
Justice Department To Review Google’s Pending Acquisition Of Fitbit
The U.S. Justice Department will review plans by Google to acquire Fitbit Inc for possible antitrust issues.
MP Brand Launches Phelps Test Team
MP Brand, Michael Phelp’s swim brand designed by Aqua Sphere, announced the launch of the Phelps Test Team, an all-new online platform designed for the global swimming community.
iFit Raises $200 Million To Accelerate Connected Fitness Category
iFit, the connected fitness streaming platform based in Logan, UT, announced the completion of a $200 million growth equity investment led by Pamplona Capital Management. iFit is owned by ICON Health & Fitness.
Yue Yuen Shows Modest Gain In November
Yue Yuen reported revenue reached $864.4 million in November against $852.2 million a year ago, representing a gain of 1.4 percent.
ISlide Secures Equity Funding
ISlide, the developer of custom slide sandals, closed its most recent investment round by adding three new prominent major investors. The investors include Milwaukee Bucks president Peter Feigin, Memphis Grizzles forward Jae Crowder, and former president of Adidas Sports Licensed division and Lids David Baxter.
Vail Resorts Tees Up $215M In Ski Area Improvements
As the 2019/20 ski season gets underway, Vail Resorts Inc. has already unveiled up to $215 million in capital improvements for next year. Here’s what’s on tap for North America’s largest ski resort operator, which this week reported a revenue beat in the fiscal first quarter behind strong pass sales.
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