With just a few weeks to go before the signature B2B event of the outdoor world, the industry’s trade organization on Thursday released some important facts and figures that show how much revenue it’s generating and how that money is helping member organizations flourish amid an ongoing trade war and evolving economy.
Author: SGB Media
Jenn Dice Promoted To Chief Operating Officer At PeopleForBikes
PeopleForBikes, the U.S. national bike advocacy, promotion and industry association, announced that Jenn Dice, vice president of the organization’s Business Network, has been promoted to chief operating officer, effective immediately.
Gap Misses Q1 Estimates
Gap Inc.’s first-quarter earnings and sales missed Wall Street’s expectations in what Art Peck, president and chief executive officer, described as an “extremely challenging” period.
U.S. Footwear Industry Unites in Opposition to China Tariffs
Five industry trade groups – American Apparel & Footwear Association (AAFA), Footwear Distributors and Retailers of America (FDRA), Outdoor Industry Association (OIA), Rubber and Plastic Footwear Manufacturers Association (RPFMA), and Sports and Fitness Industry Association (SFIA) – sent a letter to President Donald J. Trump on May 30 opposing the proposed use of punitive tariffs on footwear equipment, footwear inputs, and finished footwear imported to the U.S. from China
Moody’s Completes Periodic Review of Bass Pro’s Debt Ratings
Moody’s Investors Service said it completed a periodic review of the ratings of Bass Pro Group, L.L.C and essentially affirmed the company’s Ba3 corporate debt rating.
Grassroots Outdoor Alliance Members Report Sales Increase In April
Grassroots Outdoor Alliance top-line sales reports for member retailers show a 5.8 percent increase in April, extending a growth trend buoyed by increases in five out of the last six months. The group reports 3.6 percent overall growth since January 1 and a 2.5 percent increase nationally over the last 12 months.
Faction Skis, The Full Stack Supply Co. Relocate North American HQ To Denver
The Faction Collective and all brands owned and managed by The Full Stack Supply Co., including the new FW Apparel brand and Roxy Skis, announced they will move their North American headquarters to Denver, CO, from Breckenridge, CO.
Father’s Day Spending Expected To Reach All-Time High Of $16 Billion
Americans are expected to spend more than ever on gifts for Father’s Day this year, according to the National Retail Federation’s annual survey conducted by Prosper Insight & Analytics. Total spending for the holiday is estimated to reach $16 billion, up from last year’s $15.3 billion, and spending on sporting goods is expected to hit $822 million.
Yeti Opening Retail Location In Charleston, SC
Yeti Holdings Inc. on Thursday announced its anticipated Charleston, SC, retail location will open to the public on Friday, June 14. The new store will be situated in the historic district of downtown Charleston at 360 King Street.
Skechers To Sponsor European Solheim Cup Team
Skechers has been named the official footwear sponsor of the European Solheim Cup Team for the 2019 tournament in Gleneagles, Scotland. The Skechers GO GOLF Pro 2 Solheim Cup colorway will be exclusively worn by a selection of Team Europe women.
Cusa Tea Secures $2.5 Million Series A Financing Round
Cusa Tea, the instant tea company whose products can be found in outdoor specialty stores, has completed a $2.5 million Series A round of financing.
Designer Brands’ Q1 Profits Climb Double-Digits
Designer Brands Inc, formerly DSW Inc., raised its full-year guidance after reporting adjusted earnings in the first quarter rose 10.3 percent increase on a 23.4 percent revenue gain. Comparable sales increased 3.0 percent following a 2.2 percent increase in the first quarter of fiscal 2018.
Sportsman’s Warehouse’s Q1 Falls Short Of Guidance
Sportsman’s Warehouse Holdings Inc. slightly reduced its outlook for the year after results in the first quarter ended May 4 missed plan. Jon Barker, CEO, stated, “Our first quarter results were within our expectations on the top line and slightly below on the bottom line as we were up against difficult comparisons in the prior year period for our firearm and ammunition categories.”
KEEN’s Palo Alto Garage Honored With Tall Tree Award
40th Annual Tall Tree Award Given To KEEN For Exceptional Civic Contributions And Service To The Community
KEEN’s Palo Alto Garage Honored With Tall Tree Award
PORTLAND, Ore. – (May 28, 2019) – KEEN, Inc. (KEEN), a values-led, independently owned outdoor and lifestyle footwear brand, announces that its Palo Alto, Calif.-based KEEN Garage has received the 2019 Tall Tree Award in the business category. “Receiving this prestigious award affirms KEEN’s commitment to being good business stewards, giving back to the communities […]
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