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.
Author: SGB Media
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.
Nordstrom’s Q4 Impacted By Weakness At Full-Price Stores
Nordstrom reported earnings before interest and taxes (EBIT) slid 4.9 percent in the fourth quarter due to soft sales at its full-price stores that led to markdown pressures.
Gap To Spin Off Old Navy
Gap Inc. announced plans to create two independent publicly traded companies: Old Navy and a yet-to-be-named company which will consist of the iconic Gap brand, Athleta, Banana Republic, Intermix and Hill City.
Collaboration … L.L.Bean x Flowfold Bean Boots
First Co-branded L.L.Bean Boot In The Company’s 107-year History. L.L.Bean has carried Flowfold products online and in retail stores since 2016, and in 2018 the companies announced their first collaboration with a collection of backpacks, totes, and gear bags designed in partnership and sold exclusively at L.L.Bean. The new Bean Boots are still ultralight with […]
Rack Room Shoes Appoints New Director Of Merchandising
Rack Room Shoes announced Melanie Ortlieb has succeeded industry veteran Dan Crawford as director of merchandising.
Crocs’ Americas Sales Jump 15 Percent In Q4
Crocs Inc. reported revenues in the fourth quarter topped Wall Street’s expectations, boosted by healthy double-digit growth in the Americas region. The loss for the company in the period also came in better than expected due to cost-cutting initiatives.
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