Intersport International Corp. signed a Franchise Agreement with Momentum Sports Co. Ltd., the biggest sports retailer in Taiwan operating over 220 sports stores including Multibrand and Monobrand stores.
Author: SGB Media
Retail Trade Groups Criticize Tariff War Escalation
A number of retail trade groups issued statements strongly criticizing the Trump administration’s threat to raise tariffs higher and order U.S. companies to exit China. The threats came Friday after Beijing unveiled retaliatory tariffs on $75 billion in U.S. goods.
Life Fitness Partners With PHIT America
Life Fitness has partnered with PHIT America and KIDS in the GAME to help schools in Chicago and Ramsey, Minnesota areas.
Puma Joins Fashion Pact To Protect Climate, Biodiversity And Oceans
Puma joined a coalition of 32 companies to launch the global Fashion Pact to protect the world’s climate, biodiversity and oceans, which was presented ahead of the G7 meeting in Biarritz.
US Youth Soccer Partners With TiPEVO
US Youth Soccer, the largest youth sport organization in America and the leader in youth soccer, announced an exclusive partnership with data-solutions company, TiPEVO.
Goat And Bergdorf Goodman Partner On Exclusive Shopping Experience
Goat, the resale site for sneakers, announced its partnership with iconic New York retailer, Bergdorf Goodman. The two brands will enter an exclusive partnership, which includes a curated shopping experience at Goodman’s Men’s Store on 5th Avenue.
P1440 Acquires Volleyballmag.com
P1440, the digital media company co-founded by 5x Olympian Kerri Walsh Jennings, announced the acquisition of Volleyballmag.com, the leading source for industry news for more than 40 years.
Nordstrom Launches Sustainable Style Online Category
Nordstrom launched Sustainable Style, an online shopping category for discovering products that are made from sustainably sourced materials, manufactured in factories that meet higher social or environmental standards or that give back.
Vail Resorts Announces Mountain Division Leadership Changes
Vail Resorts Inc. has announced that executive vice president Chris Jarnot will step down from his role, following a 34-year career with Vail Resorts, as well as the creation of three new regional leadership roles to support Vail Resorts’ growing global portfolio.
‘Growth Mode’ At Exxel Outdoors Drives HQ Relocation
Exxel Outdoors—whose portfolio includes Sierra Designs, Kelty, Ultimate Direction, Slumberjack, Wenzel, X2O and others—is moving its headquarters to Broomfield, CO, from nearby Gunbarrel in the first quarter of 2020. CEO Harry Kazazian spoke with SGB about how “growth mode” across all Exxel brands drove the decision to relocate.
Aisle Talk Week Of August 19
Top headlines from the active lifestyle industry you may have missed this week, including Hestra, the 83-year-old Swedish glove maker, relocating its U.S. headquarters to a newly constructed 32,000-square-foot space in Arvada, CO, and adding three key hires as it continues to scale its U.S. business.
The Buckle Posts EPS Growth In Q2
The Buckle Inc. on Friday announced net income for the fiscal second quarter ended August 3 of $16.4 million, or 34 cents per share, up from $15.7 million, or 32 cents per share a year ago, and ahead of Wall Street’s estimates by 4 cents.
Athleta’s Growth Accelerates In Q2
Athleta saw an “acceleration” in growth in the second quarter and remains committed to opening 25 stores this year, Art Peck, president and CEO of Gap Inc., said on his company’s conference call with analysts.
Hibbett Sports Posts Q2 Loss On Charges
Hibbett Sports Inc. reported a loss in the second quarter although it came in slightly better than Wall Street’s targets. Comps increased 0.3 percent.
Foot Locker’s Q2 Comps Reach Low End Of Expectations
Foot Locker, Inc. reported adjusted earnings fell 18.2 percent in the second quarter ended August 3, coming in just below Wall Street’s targets. Same-store sales inched up 0.8 percent, below the retailer’s guidance. The outlook for the year was maintained.
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