Perry Ellis International Inc said the company had received a revised buyout offer of $28.90 per share from Randa Accessories Leather Goods.
Author: SGB Media
Peloton Raises $550M At A Valuation Of $4 billion
Peloton,, the in-home cycling and running studio specialist, announced a $550 million Series F financing round, capital that will enable the company to continue to innovate aggressively and to expand into more international markets. The round puts Peloton’s valuation at $4 billion in the company’s sixth year.
Clemson, Nike Announce New 10-Year Deal
Clemson Athletics and Nike reached an agreement for a 10-year, $58 million extension to their all-sport partnership.
Nike Declines To Renew Jameis Winston’s Contract
Nike has opted not to renew the company’s endorsement contract with Tampa Bay Buccaneers quarterback Jameis Winston, ESPN reported.
Denver Delivers Again At ORSM
In its second Outdoor Retailer show, Denver delivered steady traffic, busy booths and plenty of energy at Outdoor Retailer Summer Market, according to interviews with a number of exhibitors and a few retailers. A change of scenery after 20 years in Salt Lake City is also clearly being welcomed by many attendees, but the upbeat moods appear to underscore a healthier industry.
Aisle Talk Week of July 30
Top headlines from the active lifestyle industry you may have missed this week, including Shimano releasing the company’s earnings for the first half of 2018.
Shimano’s Sales Up 7.1 Percent In First Half
Shimano Inc. reported sales increased 7.1 percent in the first half ended June 30 to ¥174.7 billion. Operating earnings grew 11.9 percent to ¥34.5 billion while net income increased 48 percent to ¥27.7 billion.
July Retail Jobs Increase 66,000 Over 2017
Retail industry employment in July increased by 66,000 jobs unadjusted over the same time last year showing on-going industry growth, the National Retail Federation said Friday.
SIA, WWSRA Announce Dates For 2019 On-Snow Demo
Snowsports Industries America (SIA),the non-profit trade association for the winter sports industry, and Western Winter Sports Representatives Association (WWSRA) have announce the new dates of the 2019 SIA/WWSRA On-Snow demo. The event will take place February 4-5, 2019, at Copper Mountain, CO.
Dorel Sports’ Revenues Climb 7.4 Percent In Q2
Dorel Industries Inc. reported sales in the company’s Dorel Sports segment increased 7.4 percent, to U.S. $224.5 million and 6.5 percent on a currency-neutral basis. Results were better than internal expectations.
Filson To Open Store In Boston
Filson will open the company’s first store in Boston in the Seaport District. The new 3,177-square-foot store at 52 Seaport Blvd. will open on August 16.
OluKai Partners With Inaugural REI Outessafest
OluKai announced the company’s continued partnership of the REI Outessafest, two one-day immersive festivals designed to inspire women and connect them with the outdoors, adventure and music.
Baylor University To Wear Vicis ZERO1 Helmet
The Bears will be one of the first college programs to outfit the majority of the roster with the ZERO1.
Thorlo Reinforces Brand Guarantee
Thorlo will place “Guaranteed for Your Lifetime” on the company’s packaging, effective September 1.
Pro Surfer Conner Coffin Joins Skullcandy
Skullcandy said pro surfer and musician Conner Coffin has been inducted to their ambassador program.
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