Vail Resorts Inc. has agreed to acquire Triple Peaks LLC, the parent company of Okemo Mountain Resort in Vermont, Mount Sunapee Resort in New Hampshire and Crested Butte Mountain Resort in Colorado. In a separate transaction, Vail is acquiring Stevens Pass Resort in Washington.
Author: SGB Media
Sports Direct Launches Proxy Battle For Iconix Board
Sports Direct, which owns 9 percent of the shares of Iconix Brand Group, nominated four candidates for the licensing company’s board of directors while asserting that Iconix’s current leadership is mismanaging the company.
RILA Warns Of Downstream Impact Of Steel And Aluminum Tariffs
RILA (Retail Industry Industry Leaders Association) said the Trump Administration’s announcement that it will impose new steel and aluminum tariffs has “created a three-front trade war, targeting NAFTA, China, and now the European Union, with no resolution to any of these disputes in sight.”
OIA Concerned Over Steel And Aluminum Tariffs
In a statement, Rich Harper, manager of international trade at the Outdoor Industry Association (OIA), warned that tariffs could “significantly” raise costs for products like trekking and ski poles, tent frames, carabineers, crampons, stoves and other products made in the U.S. by outdoor companies that source steel or aluminum from the Canada,, Mexico and the European Union.
On Supports Comeback Documentary About Triathlete Tim Don
On, the Swiss running company, has partnered with Emmy award-winning director Andrew Hinton, on a short documentary that chronicles the comeback journey of three-time Olympian Tim Don.
Chinook Footwear Appoints U.S. Representation
Chinook Footwear announced the hiring of Kittredge & Associates as the brand’s sales representatives for the entire U.S.
Lululemon Accelerates Growth In Q1
Lululemon Athletica reported first-quarter earnings more than doubled, well above aggressive guidance. Highlights include 62 percent online growth, a 28 percent increase in new customer acquisition and 380 basis point improvement in product margin.
Aisle Talk Week of May 28
Top headlines from the active lifestyle industry you may have missed this week, including the potential for an Eddie Bauer and Pacific Sunwear merger.
May Retail Jobs See Huge Year-Over-Year Increase
The retail industry employment increased by 28,800 jobs seasonally adjusted in May over April and 100,200 jobs unadjusted year-over-year, the National Retail Federation said Friday.
Nordica Signs Trio Of European Skiers
Nordica on Friday announced the signing of three new FIS Alpine World Cup athletes: Swiss racers Marc Rochat and Justin Murisier, and Slovenian speed expert Boštjan Kline. They join the company’s Dobermann World Cup team, which includes German national team members Felix Neureuther and Fritz Dopfer, and Italy’s Dominik Paris.
Newell Brands’ CFO To Retire
Newell Brands Inc. announced that Ralph Nicoletti, executive vice president and chief financial officer, will retire at the close of 2018.
Columbia Sportswear Appoints Director Of Investor Relations
Columbia Sportswear Company announced that Andrew Burns has joined the company as director of investor relations and competitive intelligence.
Volcom Appoints Men’s Design Director
Volcom announced the promotion of Jeffrey James “JJ” Gonzales to the role of global men’s design director.
Under Armour Extends Partnership With Towson University
Towson University in Maryland and Under Armour Inc. announced a continued partnership agreement.
Big 5 Faces Disgruntled Shareholders Again
A group of investors reportedly sent a letter to Big Five Sporting Goods’ board of directors on May 7 asserting the sporting good chain’s shares are “undervalued and represent an attractive investment opportunity,” according to a press release from the law firm Johnson Fistel.
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