Top headlines from the active lifestyle industry you may have missed this week, including footwear brands and retailers joining together to write a collective letter to President Trump asking him to rethink his latest tariff increase and relax the escalating trade war with China.
Author: SGB Media
Chaos Headwear Names Two New Rep Agencies
Chaos Headwear has added new members their U.S. national sales team—the Rose Agency for the Rockies and the Lake Effect Group for the upper Midwest.
Hibbett Sports Announces Appointment of New Independent Chairman
Hibbett Sports Inc. on Friday announced the appointment of Anthony F. Crudele as its independent chairman of the board of directors.
Safilo Agrees To Sell Solstice Retail Business
Safilo Group announced Friday that it has reached an agreement to sell the U.S. retail chain Solstice to Fairway LLC, a U.S. limited liability company formed by a group of investors active in the U.S. and in the European eyewear retail business. The transaction is expected to be completed within the third quarter of 2019. Financial terms of the deal weren’t disclosed.
Moody’s Affirms Tom’s Rating, Lowers Outlook
Moody’s Investors Service affirmed Toms Shoes, LLC’s Caa3 Corporate Family Rating (“CFR”) and Caa3 senior secured first lien term loan rating. Concurrently, Moody’s downgraded the company’s Probability of Default Rating (“PDR”) to Caa3-PD from Caa2-PD. The outlook was changed to stable from negative.
Foot Locker’s Q1 Falls Short Of Targets
Foot Locker Inc. reported earnings on an adjusted basis eased slightly in the first quarter as increased operating costs to fund strategic initiatives offset improving gross margins and a 4.6 percent comp gain. Earnings came in below Wall Street’s consensus target.
Nike Signs Likely No. 2 NBA Draft Pick
Nike signed Ja Morant, the former Murray State guard who’s expected to be taken second in the upcoming NBA Draft.
Hibbett Sports Q1 Profits Flies Past Estimates
Hibbett Sports Inc. sharply raised its outlook for the year after reporting first-quarter earnings that blew past Wall Street’s consensus target. Comparable store sales increased 5.1 percent.
Rocky Brands Wins $27 Million Footwear Order From Defense Logistics Agency
Rocky Brands Inc. on Thursday announced that it has received a purchase agreement from the Defense Logistics Agency to produce general purpose safety boots for the United States Navy.
Dakota Grizzly Expands Sales Team In The Midwest
Men’s apparel brand Dakota Grizzly announced that sales agency Zahalka Sports Marketing group will represent the company in the Upper Midwest region.
Hoka Shines As Deckers Brands Crushes Q4 EPS Expectations
Deckers Brands on Thursday reported diluted earnings per share for the fiscal fourth quarter ended March 31 of 82 cents, up from 66 cents a year ago, and non-GAAP diluted earnings per share of 85 cents, up from 50 cents last year and ahead of Wall Street’s estimates by 79 cents. Hoka One One was the only brand to report a sales gain for the company in Q4, as Ugg, Teva and Sanuk all saw revenues decline.
RECALL: Ethos Pull-Up Assist At Dick’s Sporting Goods
Dick’s Sporting Goods Inc. is recalling about 10,000 Ethos Pull-Up Assist equipment used for assistance while doing pull ups. According to a statement from the U.S. Consumer Product Safety Commission, the plastic clip on the nylon web band that is attached to the resistance band with a carabiner can break, posing a laceration hazard.
Smith Joins TeamWorthy In Support Of HIV/AIDS Awareness
Smith Supports Kenworthy And Members Of #TeamWorthy In AIDS/LifeCycle Ride
Smith Joins TeamWorthy In Support Of HIV/AIDS Awareness
PORTLAND, OR (May 22, 2019) —Smith is proud and honored to support Gus Kenworthy—Olympic freeskier, actor and HIV/AIDS advocate—as he and members of #TeamWorthy ride in the AIDS/LifeCycle from June 2-8, 2019 to bring awareness to the ongoing HIV/AIDS epidemic and fundraise for services supporting testing, prevention, care, and more. AIDS/LifeCycle is a fully supported, 7 […]
Outdoor Business Climate Partnership Takes Climate Concerns To Capitol Hill
This week, the Outdoor Business Climate Partnership (OBCP) joined more than 76 companies on Capitol Hill to advocate for immediate and bipartisan climate action, specifically, putting a price on carbon. OBCP members are Snowsports Industries America (SIA), National Ski Areas Association (NSAA) and Outdoor Industry Association (OIA). Pictured is Rossignol CEO Francois Goulet, left, with SIA President Nick Sargent.
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