Lululemon, Under Armour and Adidas led a number of major players in the sporting goods sector generating robust stock gains in the first half of 2019. Declining issues included Nautilus, Canada Goose and Foot Locker.
Author: SGB Media
Trump and Xi Agree To Restart Trade Talks
The U.S. and China agreed to resume trade talks after a seven-week breakdown and the Trump administration has decided to hold off for now adding new 25 percent tariffs on some $300 billion in Chinese imports, which would have included apparel and footwear classifications and other popular consumer products.
Seattle’s Ascent Outdoors To Re-Open Under New Ownership
Ascent Outdoors, which closed suddenly in late April, will re-open at least one store in July after being acquired by Sandeep Nain, the founder of retail and mountain climbing group Miyar Adventures, according to the Seattle Times.
USA Triathlon Partners With USA Swimming
USA Triathlon announced a three-way partnership with USA Swimming and U.S. Masters Swimming to host open water swim races as part of two USA Triathlon-owned events this year, the inaugural Legacy Triathlon and the Toyota USA Triathlon Age Group National Championships.
CBD For Life Acquired By IAnthus Capital
IAnthus Capital Holdings Inc., which owns, operates, and partners with regulated cannabis operations across the United States, announced that its U.S. subsidiary has closed the previously announced acquisition of CBD For Life, a top-ranked, national CBD brand in the U.S.
Winmark Corporation Announces Resignation
Winmark Corporation, the parent of Play It Again Sports, announced the submission by Steven C. Zola of his resignation from the position of president of Winmark Capital, as well as his resignation as vice chairman of the board of directors of Winmark Corporation.
Retailers Hope For End Of Trade War After Trump-Xi G-20 Meeting
The National Retail Federation expressed hope that progress made during talks between President Trump and China’s President Xi Jinping at the G-20 summit in Japan will lead to the end of the two countries’ trade war.
Vantage Apparel Partners With 1% for the Planet
Vantage Apparel has partnered with 1% for the Planet, an organization that encourages companies to give back a portion of their sales to benefit the environment.
BSN Sports Acquires Missouri’s Key Sport
BSN Sports announced that it has acquired Key Sport Shop, Inc., based in Rolla, MO.
Nike CEO Mark Parker On Importance Of Connection
Nike Inc.’s ability to connect in multiple ways—with existing consumers and with new marketplaces, across supply chains and across sports—is helping the company continue to grow and remain on pace to hit $50 billion in annual revenue by 2022. On Thursday afternoon’s earnings call, CEO Mark Parker stressed the importance of connectivity in all company pursuits.
Aisle Talk Week Of June 24
Top headlines from the active lifestyle industry you may have missed this week, including the Running Industry Association (RIA) announcing the Best in Show Awards from the inaugural KICK Show hosted in Denver, CO, June 3-6.
Navico Appoints Knut Frostad President And CEO
Navico, parent company to the Lowrance, Simrad, B&G and C-MAP brands announced Friday that its board of directors has appointed Knut Frostad as president and CEO, assuming the role of outgoing chief executive, Leif Ottosson.
Evo Partners With Bouldering Project at Campus SLC
Seattle-based outdoor and action sports retailer Evo has announced it will partner with Bouldering Project to bring a world-class bouldering gym to its new Campus SLC, a collection of complementary businesses designed to drive community around a shared passion for outdoor culture in Salt Lake City.
Nike And Paris Saint-Germain Extend Partnership
Nike has agreed to a long-term extension to remain the official football kit supplier for Paris Saint-Germain (PSG) until 2032.
Duluth Holdings Opening Store in Kennesaw, GA
Duluth Holdings Inc. (dba, Duluth Trading Co.) on Friday announced the grand opening of a store in Kennesaw, GA, the 55th in its retail footprint.