Luxottica Group S.p.A. reported net sales accelerated in the second quarter, growing by 1.4 percent at a currency-neutral basis. The results were driven by the strong performance of the Retail division and e-commerce platforms as well as solid growth in North America and Asia-Pacific.
Author: SGB Media
Varsity Brands’ Debt Ratings Lowered
Moody’s lowered the debt ratings of Varsity Brands largely due to the company’s planned upsizing of existing debt outstandings and the associated increase in financial risk in connection with a pending LBO by Bain Capital.
Nike Overhauls Compensation Structure After Internal Review
Nike Inc., according to an internal memo, plans to increase salaries for more than 7,000 employees after an internal pay review. The annual bonus awards process is also being changed.
Brooks Running Releases New FastTrack Mobile Application
The Brooks FastTrack mobile application acts as a one-stop-shop for retailers to manage orders, check inventory and drop-ship directly to customers both inside and outside the physical retail store directly from a smartphone.
Flip Flop Shops Announces Exclusive Events For Prospective Franchisees
Flip Flop Shops, recently acquired by Bearpaw, is hosting three special Shop Days for prospective owners. In order to meet demand, the company has selected Los Angeles, Las Vegas and Orlando as host cities.
Ben Sherman Returns To Soho With NYC Concept Store
The Soho pop up location at 130 Greene Street will be open from September 1, 2018 through the holidays and will carry the entire Ben Sherman collection.
Orangetheory Opens 1,000 Location
Orangetheory announced the grand opening of Portland’s third Orangetheory Fitness studio, the 1,000th globally.
RECAP … Outdoor Retailer Summer Market Demo Day 2018
Hundreds gathered at Confluence Park in Denver on Sunday, July 22 to experience Demo Day, the kickoff to Outdoor Retailer’s Summer Show 2018. Retailers, media and interested buyers converged to check out some of the latest products in action, including car-top tents from Tepui, pictured above, paddle boards and water gear from Hala and electric mountain bikes […]
Accell Group Sees Modest Growth In First Half
Accell Group N.V. reported sales rose 2.7 percent on a currency-neutral basis in the first half on the back of strong demand for e-(performance) bikes. Lower sales were seen in the Benelux and North America.
Eagles Nick Foles Leads NFL Licensing Sales In 1Q
Nick Foles, the Eagles quarterback and Super Bowl LII MVP, was the NFL’s top selling player for all league-licensed product sold from March 1 to May 31 this year, according to the NFLPA.
HatsanUSA Names Mike Maanum National Sales Manager
HatsanUSA, the maker of air guns, appointed Mike Maanum as the company’s new national sales manager.
World T.E.A.M.’S Inclusive Adventure Team Challenge Returns In September
The national non-profit World T.E.A.M.’s annual Adventure Team Challenge will be held September 6 to 9 featuring athletes competing together in Colorado’s high Gore Mountain Range.
Newly Launched Shār Joins The Conservation Alliance
The Conservation Alliance welcomed its newest member, Shār, makers of organic trail mix.
Rocky Mountain Underground Hires Outdoors Veterans, Green River Sales
Rocky Mountain Underground (RMU), the maker of handcrafted skis and packs, hired Green River Sales to help support sales and brand awareness in the Rockies and Mid West regions.
Equinox And SoulCycle To Launch Full-Service Talent Management Agency
Equinox, along with SoulCycle, announced the development of a talent management agency exclusively representing their leading, market-defining fitness talent.
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