Colt Manufacturing Co. said it is suspending production of military-style weapons for civilian use, including the popular AR-15. In a statement Thursday, Colt’s president and CEO Dennis Veilleux attributed the company’s shift to changes in consumer demand and a market already saturated with similar weapons.
Author: SGB Media
Nike Outlines Stance On Tackling Climate Change
Nike Inc. on Thursday announced details on “Move to Zero,” the company’s journey toward zero carbon and zero waste, which has a singular aim: Help protect the future of sport.
Shoe Carnival Announces Executive Appointments
Shoe Carnival Inc. on Wednesday announced several executive appointments to support its ongoing customer-centric business transformation and to create a management structure aligned with the company’s long-term strategic plan.
Ross Dress For Less To Open Store In Pottstown, PA
Ross Dress for Less will open a new store in Pottstown, PA, on October 12. With this new opening, Ross will operate 48 stores in Pennsylvania and a total of 1,537 locations.
SportsEngine Partners With National Fitness Foundation
SportsEngine Inc., an NBC Sports Group company and provider of sport relationship management software, announced Wednesday that it has formed a partnership with the National Fitness Foundation (NFF) in support of its mission to expand youth sports and fitness programs across America.
Nike Latest Brand To Drop Antonio Brown
Nike Inc. is the latest sporting goods brand to end its endorsement deal with Antonio Brown, according to a Thursday report in the Boston Globe.
Life Fitness, Armah Sports Co. Enter Multi-Year Agreement
Commercial fitness equipment maker Life Fitness and Saudi Arabia-based fitness company Armah Sports Co. on Thursday announced they have entered into an exclusive, multi-year agreement whereby Life Fitness will fulfill all the equipment needs of the company’s 50 new smart sports clubs planned for roll-out in Saudi Arabia over the next five years.
Stio Staff Adds Staff, Opens New Office In Wilson, WY
Jackson Hole, WY-based outdoor apparel brand Stio has added 27 new full-time and part-time staff this year, bringing the company’s total employee count to 80. Stio also opened a second office in nearby Wilson, WY.
Salt Life Continues To Expand Retail Footprint
Delta Apparel Inc. on Thursday announced the opening of its Salt Life brand’s newest brick-and-mortar retail location in Orlando, FL.
Boardriders Launches Multi-Year Growth Agenda And Repositioning Of Key Executives
Boardriders, Inc., the owner of action sports brands including Quiksilver, Billabong, ROXY, DC Shoes, RVCA and Element, announced that it is launching a multi-year growth agenda by investing in a range of strategic initiatives across seven major pillars, fueled by its substantial progress in integrating the Billabong acquisition onto the Boardriders platform. In parallel, the company is also repositioning a number of key executives.
Herb Philipson’s Undergoing Liquidation
Herb Philipson’s, failing to find a buyer in a bankruptcy auction, is liquidating its remaining three stores in Central New York.
L.L.Bean To Open Store In Hadley, MA
Outdoor retailer L.L.Bean on Wednesday announced the opening date of October 18 for its new retail store in Hadley, MA.
New Era Begins For Camber Outdoors
Camber Outdoors has a new executive director. Emily Newman was tapped to lead the nonprofit after the interim ED, Diana Seung, left to join Jack Wolfskin. With a tumultuous start to 2019 in the rear-view mirror yet still cognizant of past missteps, Camber believes it found the right person to lead the organization into this next chapter. Here’s what Camber shared about the news—including why a person of color wasn’t hired.
Apex Global Brands Cuts Outlook On Weakening Retail Conditions
Apex Global Brands, formerly Cherokee Global Brands, said it added a number of new licenses and product categories to support its brand portfolio that includes Tony Hawk, Hi-Tec and Everyday California in the second quarter while also reducing costs. Revenue guidance for the year, however, was lowered due to softness in U.S. retail and the impact of Brexit.
National Fitness Partners Acquires 12 Clubs From Planet Fitness Franchisee
Argonne Capital Group LLC on Wednesday announced that its portfolio company, National Fitness Partners, entered into a definitive agreement to acquire 12 Planet Fitness clubs operating in the Triad North Carolina area—Winston-Salem, Greensboro and High Point—from GNT Triad LLC.
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