REI Co-op will open its first store in Alabama in Birmingham on October 4. Located at The Summit, REI’s new, will measure 20,000 square foot.
Author: SGB Media
The Ongoing Evolution Of VF Corp.
VF Corp. hosted its 2019 Investor Day Wednesday in Beaver Creek, CO, a couple of hours up I-70 from the company’s new hometown of Denver. There, VF’s chairman, president and CEO, Steve Rendle, outlined for analysts and investors the changes completed and the changes yet to come in VF’s ongoing evolution.
Vail Resorts Widens Q4 Loss But Beats EPS Estimates
Vail Resorts Inc. on Thursday reported a net loss of $89.5 million, or an earnings per share loss of $2.22, for the fourth quarter ended July 31, as compared to a loss of $83.7 million, or $2.07 per share, from the year-ago period. The EPS loss did beat Wall Street’s target by 32 cents.
Lululemon To Close Remaining Ivivva Kids Stores
Lululemon is planning on closing its seven remaining stand-alone Ivivva stores — three in Canada and four in the U.S. — by the middle of next year.
Levi Strauss Announces More Than $380,000 To Fund Future Apparel Leaders
Levi Strauss & Co. (LS&Co.) announced it is granting more than $380,000 to the second class of LS&Co. Collaboratory fellows who are working to create a more sustainable apparel industry.
Duluth Holdings To Open Store In Hoover, AL
Duluth Holdings Inc. (dba, Duluth Trading Co.) on Thursday announced the grand opening of its 57th store in Hoover, AL.
Peloton Prices At Top Of Range For $8.2 Billion Valuation
Peloton priced its initial public offering at $29 a share, at the top of its projected price range released earlier this month. The pricing gave the provider of at-home fitness equipment and accompanying streaming fitness services, a valuation of $8.2 billion.
Everlast Introduces Next Class Of Inspiring Athletes in Global ‘Be First’ Campaign
Everlast has unveiled the new class of elite athletes celebrated in Be First, a global campaign challenging consumers to carve their own path to success.
Skechers Announces Significant Progress In Plastic Reduction
Skechers USA Inc. announced that since 2016, the company has reduced its use of plastic in its footwear packaging by 85 percent to 10 percent of its foot forms, all of which is recyclable.
Hibbett And City Gear Now Available Online With A Single Click
Hibbett and City Gear announced that they have teamed up to provide a new digital experience for customers. Shoppers can now browse and shop both brands online through a single website and app.
Phoenix Sports Partners Acquires Majority Stake In Atavus Football
Phoenix Sports Partners, a sports technology and data investment fund based in Chicago, announced that it will add Atavus to its growing portfolio. The acquisition of Atavus, a football tackling analytics and certification platform, was finalized earlier this month.
Miro Wins SFIA Start-Up Challenge
Miro, a company rooted in computer vision and artificial intelligence, won the 2019 SFIA Start-Up Challenge.
Snowsports Industries America Announces On-Snow Demo Location And Dates
Snowsports Industries America (SIA) and Winter Park announced Thursday that the SIA/WWSRA On-Snow Demo will take place at Winter Park Resort on February 3-4, 2020. The event returns to the resort after a six-year hiatus.
Kering Reduces Puma stake
Kering is moving to reduce its stake in Puma by issuing bonds that can be exchanged for shares in the brand, according to Reuters.
EBay CEO Leaves Amid Activist Fight
EBay chief executive officer Devin Wenig stepped down Wednesday, citing differences with the company’s recently revamped board, which is looking to sell some of its businesses amid pressure from activist investors.
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