Top headlines from across the active lifestyle industry featured in SGB for the Week of September 9, 2019.
Author: SGB Media
Trump Announces Delay On Next China Tariff Hike Until October 15
Donald Trump has delayed a 5 percent tariff hike on $250 billion worth of Chinese imports by two weeks in a gesture of goodwill, a move that could ease tensions between the two nations ahead of planned trade talks in Washington next month.
Why Some Brands Are Sacrificing Sales During Global Climate Strike
Two of the biggest names in the active lifestyle industry will close their doors and their cash registers on September 20 to participate in the Global Climate Strike. Burton and Patagonia in recent weeks announced they won’t open their retail stores, process online sales or otherwise engage in day-to-day business practices next Friday so company employees can join one of the events happening worldwide. Here’s why they’re putting purpose over profit.
Merrell Names Chris Hufnagel Global Brand President
Wolverine World Wide Inc. on Thursday announced the appointment of Chris Hufnagel as global brand president of Merrell, the largest brand within its portfolio.
Sportsman’s Warehouse Appoints New Director To Board
Sportsman’s Warehouse Holdings Inc. on Thursday announced that Philip C. Williamson has been appointed to the company’s board of directors, effective September 12. Following this announcement, the board will include eight members.
Four More Businesses Qualify For NSGA Verified Independent Dealer Program
The National Sporting Goods Association (NSGA) announced four more retailers and dealers in the sports industry who have achieved Verified Independent Dealer status. The four are: AMgC Sports (North Attleboro, MA), California Pro Sports (Palos Verdes, CA), Capitol Varsity Sports (Oxford, OH) and KoSports Hockey Source For Sports (Canonsburg, PA)
CEO Of 145 Companies Urge Senate To Pass Gun Control Laws
The leaders of 145 U.S. companies have sent a letter urging Congress to enact stricter gun laws as pressure builds on lawmakers to respond to gun violence.
StockX Appoints First Chief Marketing Officer
StockX, a leading online marketplace for retro sneakers, announced that Deena Bahri has been appointed its first chief marketing officer.
Outdoor Businesses Have Paid An Extra $1.8B In Tariffs Since Trade War Began
America’s outdoor recreation businesses have paid $1.8 billion more in tariffs over the last 11 months (Sept 2018 to July 2019) compared to the previous period a year ago on affected outdoor products, according to the latest figures from Outdoor Industry Association.
NFL Merchandise Sales Surge In Week 1
Week 1 NFL merchandise sales at NFLShop.com and across the entire Fanatics network of e-commerce sites (which also includes many of the NFL Clubs online stores) were up 30 percent year-over-year, according to the NFL.
Science in Sport Appoints CFO
Specialist performance nutrition firm Science in Sport (SiS) announced the appointment of James Simpson as chief financial officer. He joins Science in Sport from ASOS, the fashion e-tailer.
XFit Secures Funding
XFit Inc. announced an equity crowdfunding offering through MicroVenture Marketplace. Offering proceeds will be used to accelerate growth of XFit’s Nexersys line through its direct to consumer sales efforts and to enhance its interactive content.
CamelBak Bolsters North American Product Team With Key New Hire
CamelBak welcomed Mike Valvano as the brand’s new director of soft goods and sport. Valvano will oversee product management and overall business strategy for soft goods and sport bottles in domestic and international markets.
Blizzard Tecnica Adds Associate Reps In Mountain Territories
Alpine equipment and outdoor footwear brands Blizzard and Tecnica have added two experienced associate reps in key mountain regions. Jamie Urbana will support Jeff Sale and dealers in Colorado and New Mexico, while Luke Perin will assist Connor Brown and dealers in Utah, Wyoming, Idaho and Montana.
Wrist-Worn Wearables Maintain Strong Growth Trajectory in Q219
Shipments of wrist-worn wearables, inclusive of smartwatches, basic watches, and wrist bands, reached 34.2 million units, up 28.8 percent year over year during the second quarter of 2019 (2Q19), according to new data from the International Data Corporation (IDC) Worldwide Quarterly Wearable Device Tracker. The top 5 companies – Xiaomi, Apple, Huawei, Fitbit, and Samsung – collectively captured 65.7 percent of the market, an almost 12-point gain from last year.
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