Outdoor recreation leaders from Maine, Michigan, Nevada, New Mexico and Virginia committed to advance the principles contained in the Outdoor Recreation Industry Confluence Accords, on behalf of their governors, at a signing ceremony Thursday. That brings the total number of states to 13.
Author: SGB Media
Nike and Ocean Conservancy Announce New Arctic Shipping Pledge
Nike Inc. on Thursday announced it has teamed up with the Ocean Conservancy to launch the Arctic Shipping Corporate Pledge, inviting businesses and industry to join in a commitment against shipping through the Arctic Ocean.
Adidas Opens New Oxford Street Flagship Store In London
Adidas on Thursday opened the doors of its new Oxford Street flagship store in London. The retail shop combines digital innovation, unique shopper experiences and a focus on in-store experts to create a new benchmark in retail.
Vista Outdoor Names Pearl Izumi’s Chris Sword President Of Bell/Giro
Vista Outdoor Inc. on Thursday named Chris Sword, formerly president of Pearl Izumi, as president of Bell/Giro, effective October 30.
Dick’s Sues Former CTO Over Signing Bonus
Dick’s Sporting Goods has filed a lawsuit against Paul Gaffney, its former chief technology officer who joined Kohl’s in September. The lawsuit charges Gaffney owes the company half of the $1.5 million sign-on bonus he received due to his resigning less than two years after being hired.
Orangetheory Fitness Debuts New Documentary “Momentum Shift”
Orangetheory Fitness on October 21 debuted its new documentary, “Momentum Shift,” at the iconic DGA Theater in Los Angeles. The film spotlights Orangetheory Fitness Founder Ellen Latham, weaving her inspiring story with those of Coach Joe Oniwor and member Kristen Ritchotte to showcase how, with a shift in perspective and the power of believing in yourself, anyone can achieve More Life.
Foot Locker Foundation Holds 19th Annual On Our Feet Fundraising Gala
The Foot Locker Foundation joined together members of the footwear and athletic industries for its 19th annual “On Our Feet” fundraising gala. The event, which took place on Tuesday, October 22 at New York City’s Pier Sixty at Chelsea Piers, benefits educational and other youth initiatives supported by the Foot Locker Foundation.
Puma Lifts 2019 Outlook As Q3 Profit And Revenues Climb
Puma raised its earnings guidance for the year as strong third-quarter earnings and overall momentum is expected to offset the negative impact from new tariffs in the fourth quarter in the U.S. Q3 sales grew 17.0 percent on a currency-neutral basis, led by a 28.5 percent gain in the Asia/Pacific region and a 17.9 percent climb in the Americas region.
Marker Dalbello Volkl Appoint National Race Manager
Marker Dalbello Völkl (MDV) announced the promotion of Matt McKenna to the role of national race manager for the United States. In his expanded role, McKenna will continue to offer comprehensive service and support to all levels of alpine racing in New England.
Asics Takes Equity Stake In Dreamers Fund
Asics Corp. announced that its investment subsidiary Asics Ventures Corporation took an equity stake in Dreamers Fund, which invests primarily in early-stage startups in the U.S. Asics Ventures will be a limited partner in the fund.
International Sales Fueling Skechers’ Growth
An increased emphasis on international markets, especially Mexico and China, helped Skechers USA Inc. post record revenue in the third quarter, though a heightened global focus also took a toll on earnings. The company’s international sales increased 21.9 percent, or 25.7 percent on a constant currency basis, accounting for 58.8 percent of sales—the highest in the company’s 20 years of operation.
Retail Sales Boost Rocky Brands’ Gross Margins In Q3
Rocky Brands Inc. on Wednesday announced net sales for its third quarter ended September 30 increased 2 percent to $67.2 million but missed analysts’ estimates by $1 million. Retail sales increased 21.8 percent to $14.5 million, boosting gross margin 320 basis points.
Bauer Hockey Reaches Settlement In Skate Steel Lawsuit
Hockey equipment manufacturer Bauer Hockey announced Wednesday an agreement with STEP Skating to resolve the ongoing dispute regarding STEP Skating’s sale and manufacture of various models of replacement blades for the Bauer Tuuk Lightspeed Edge blade holder.
Sportfishing Industry Supports Introduction Of Sport Fish Restoration Program Reauthorization
The American Sportfishing Association (ASA) expressed its strong support for bipartisan legislation to reauthorize the Sport Fish Restoration and Boating Trust Fund (SFRBTF), which was introduced Wednesday in the U.S. House of Representatives.
OluKai Launches Two New Retail Stores
Footwear brand OluKai on Wednesday announced the opening of the first two company-owned retail locations in the Hawaiian Islands. OluKai opened at Whalers Village on the Island of Maui, as well as at Hilton Hawaiian Village on Oʻahu.
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