Kora, the performance apparel manufacturer using yak wool and known for creating fabrics, introduces the evolution of its apparel range with Kora Bamboo, a collection of everyday pieces designed for comfort, stretch, and unrestricted movement. The result of rigorous research and product development, the eco-friendly fabric uses Forest Stewardship Council (FCS)-certified bamboo (90 percent) as […]
Author: SGB Media
VF Corp.’s Debt Ratings Downgraded By S&P
S&P Global Ratings lowered its debt ratings on VF Corp. due to its below-plan results for the fiscal year ended April 1. The rating agency said it believes elevated inventory from realignment in the wholesale channel and weakened consumer demand will continue to pressure its credit metrics in fiscal 2024 and delay the recovery of its largest brand, Vans.
Recco Rescue Introduces Lightweight Reflector 742LT
Recco continues expanding its year-round rescue ecosystem to increase searchability. “In partnership with Recco and with the runner in mind, Arc’teryx has created two new products for summer, the Norvan running jacket and Norvan 14 Vest, both equipped with Recco rescue technology, a tool to locate people lost in the outdoors more quickly,” said Mitch Eckensweiler, design director, […]
Lululemon Renews Partnership With Xponential Fitness
Lululemon and Xponential Fitness renewed and expanded their partnership for Lululemon Studio with digital workouts from Pure Barre, Rumble, AKT, and YogaSix. The extension builds on the Studio’s launch last October.
The Dyrt Hires First Head Of Sales
The Dyrt, an app for camping information and booking, hired Rob Hudson as head of sales. Hudson has spent two decades in advertising media and technology, most recently as senior sales director at Outside Interactive for the past three years.
RVIA 2023 Shipment Forecast For RVs Lowest In More Than 20 Years
RV wholesale shipments are projected to climb into the mid-300,000 unit range in 2024 after finishing 2023 in the 300,000-unit range, according to the Summer 2023 Issue of RV RoadSigns, the quarterly forecast prepared by ITR Economics for the RV Industry Association.
PGA Tour, DP World Tour And LIV Golf Ink Merger Deal; Saudis To Chair Board
The PGA Tour, DP World Tour and the Public Investment Fund (PIF) have signed an agreement that combines PIF’s golf-related commercial businesses and rights (including LIV Golf) with the commercial businesses and rights of the PGA Tour and DP World Tour into a new, collectively owned, for-profit entity.
G-Form Awarded $1.2 Million R&D Agreement With U.S. Army
G-Form has secured its first Other Transaction Authority Agreement for Prototype (OTAp) with the U.S. Army Development Command – Soldier Center (DEVCOM SC), which ensures the dominance of Army capabilities by creating, integrating, and delivering technology-enabled solutions for soldiers.
Oboz Footwear Names Independent Sales Reps For Two Key Territories
Oboz Footwear named Stoner//Andrews and Evergreen Outdoor Group to represent the brand in New England and the Northwest, respectively.
Helinox Names New Independent Sales Reps For New England
Helinox partnered with Mindful Outdoor Sales to support the brand’s continued growth in the Northeastern U.S. region.
Rossignol Group Appoints New GM Of Global Softgoods Division
The Rossignol Group has tapped Liz Wilson as general manager of the Group’s global Softgoods division. After earlier stints at Nike and TNF, Wilson most recently acted as SVP of global product creation for Outdoor Research where she helped to double the brand’s business over four years.
BRC: May U.K. Retail Growth Moderates Despite Trio Of Bank Holidays
U.K. total retail sales increased 3.9 percent in May, against a decline of 1.1 percent in May 2022; this is below the 3-month average growth of 4.7 percent and above the 12-month average growth of 3.4 percent.
Academy Sports Trims Full-Year Outlook On Q1 Shortfall
Academy Sports and Outdoors, Inc. slightly reduced its guidance for the year after reporting results for the first quarter ended April 29 missed plan although the sporting goods chains predicted sales would improve in the back half of the year.
Bala Footwear Brand Founded By Former Nike, UA Execs Acquired By Careismatic
Careismatic Brands, Inc. reported it acquired Bala footwear, a nursing footwear company. Bala was founded in 2020 in Portland, OR, by former Nike executives Brian Lockard and John Eberle and former Under Armor executive Caprice Neely.
Thor Industries’ Revenues Drop 37 Percent In Fiscal Third Quarter
Thor Industries, Inc. reported earnings fell 65.3 percent in the fiscal third quarter ended April 30 on a 37.1 percent revenue decline against pandemic-boosted results in the year-ago quarter. The maker of RVs slightly raised its outlook for the year on a better-than-expected performance.
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