Wolverine World Wide, Inc. announced the company has entered into a joint venture agreement with Xtep International Holdings Limited, a leading Chinese sportswear retailer, to develop, market and distribute Merrell and Saucony products in mainland China, Hong Kong and Macau.
Author: SGB Media
Report: Under Armour To Lay Off 50 At Headquarters
Under Armour is laying off 50 people at a headquarters in Baltimore as part of the cuts it announced last year.
Century 21 Stores Celebrates FUBU
Century 21 Stores announced an exclusive collaboration with FUBU, the sportswear brand of the ’90s. The capsule collection will introduce 10 styles, based on classic pieces that redefined streetwear over 25 years ago.
Nautilus’ CEO Resigns
Nautilus, Inc. announced that, effective March 1, 2019, Chief Executive Officer Bruce Cazenave has resigned from the company. M. Carl Johnson III, chairman of the board of Nautilus Inc., has assumed the role of interim CEO.
Iconix Appoints CFO
Iconix Brand Group Inc. announced that John T. McClain has been appointed chief financial officer.
REI Co-op Makes Major Investments In Cycling
REI Co-op is launching a major expansion of its cycling business in 2019. This year, the co-op will offer Bontrager premium accessories and apparel, and has expanded on its long-standing relationship with Cannondale to make the brand available at all REI locations.
Overall Health Of Golf Industry Keeps Acushnet On Course
Inclement weather around the globe in 2018 took a toll on golf rounds played, but Acushnet Holdings Corp., the parent of Titleist, was among the companies benefiting from an important industry theme that has trumped poor playing conditions: The sport’s health continues on the upswing.
Store Closures, Job Cuts Dominate Department Store Q4 Headlines
Department stores reported a mixture of earnings results in the fourth quarter, but the big news from the period included store closures (J.C. Penney Co.) and job cuts (Macy’s). Last quarter also saw the untimely passing of Blake Nordstrom, who died on January 2 at age 58.
Aisle Talk Week Of February 25
Top headlines from the active lifestyle industry you may have missed this week, including Congress passing a public lands bill that would permanently reauthorize the federal Land and Water Conservation Fund.
Nester Hosiery Promotes 2 To Foster Growth Of Farm To Feet Brand
Nester Hosiery, a U.S. manufacturer of merino wool socks, has promoted Travis Smith to customer service manager and Anna Draughn to wholesale merchandise manager.
Collaboration … Target x Vineyard Vine
The Bullseye and The Smiling Pink Whale are swimming together for SS19 in a limited-edition collection that includes over 300 items for home and outdoor, pets, apparel, accessories, and swim. Most items are priced under $35. “We worked closely with the vineyard vine team to create a collection of well-designed, affordable items that are meant […]
Burley Celebrates 40 Years With Child Bike Trailer Collection
Dropping today globally, retailers celebrate Burley’s 40th Anniversary with kid-specific Sport and Performance Trailers for Spring 2019 “From a technology, safety and design standard, our new collection of child performance and sport bike trailers are by far the most feature-rich that we have ever produced. For more than 40 years, we’ve been encouraging people to […]
5.11 And Velocity Outdoor Deliver Double-Digit Growth For CODI In 2018
Compass Diversified Holdings’ (CODI) reported 5.11’s 2018 revenues expanded 12.2 percent in 2018 while Velocity Outdoor’s revenue increased 10.3 percent. Liberty Safe saw a 10.1 percent decline last year.
Foot Locker Smashes Wall Street’s Targets In Q4
Foot Locker Inc.’s fourth-quarter earnings came in well above Wall Street’s consensus estimate as same-store sales surged 9.7 percent. Said Dick Johnson, CFO, “The fundamentals of our core business remain strong and led to meaningful improvement in our financial results, not only during the fourth quarter but throughout 2018.”
Adidas Signs NFL Draft Prospects
Adidas announced new multi-year partnerships with Marquise Brown, WR from Oklahoma and Hakeem Butler, WR from Iowa State.
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