Iconix Brand Group lowered its guidance for the year after taking a charge for the bankruptcy of Sears. Three of Iconix’s brands, Bongo, Joe Boxer and Cannon, had direct-to-consumer agreements with Sears Holdings, the parent of Sears and Kmart.
Author: SGB Media
Clarus Enters Skincare Category With Asset Acquisition Of SKINourishment
Clarus Corporation announced the acquisition of the assets of SKINourishment Inc., the parent of climbOn. The acquisition provides an entry into the skincare category which, along with other sport-enhancing products, is a strategic focus of the company and a newly targeted high-growth potential category.
Tough Mudder Spins Off Gym Business Into Separate Enterprise
Tough Mudder Inc. will spin off its fitness business, Tough Mudder Bootcamp, into a separate business enterprise from its traditional live event business in order to allow both businesses to more successfully navigate their respective categories.
Goat Launches Sneaker Industry’s First Black Friday Augmented Reality Experience
Goat, the sneaker exchange marketplace, for the first time introduced an augmented reality (AR) experience for its Black Friday drawing. Goat is encouraging users to explore 125 destinations and “Greatest Of All Time” moments around the world in a bid to win over 1,000 prizes.
BobbleBoss Signs Four Athletes To Launch Limited Edition Bobbleheads
BobbleBoss has announced that it has signed four athletes – Carmelita Jeter, Cappie Pondexter, Angel McCoughtry and Bill O’Brien – to launch Limited Edition bobbleheads.
Vineyard Vines Partners With The New England Patriots
Paying homage to their New England roots and love of football, Vineyard Vines will serve as the Official Style of the New England Patriots and their iconic home stadium, Gillette Stadium, with exclusive products available for purchase during the 2018 and 2019 seasons.
Escalade Sports Acquires Victory Tailgate
Escalade Sports, a wholly owned subsidiary of Escalade Inc., announced that it has acquired Victory Tailgate, a brand known for its premium licensed and custom tailgating games. The acquisition will significantly strengthen Escalade Sports’ leadership in the tailgating and lawn games’ categories.
Vapor Apparel Relocating Corporate Headquarters
Vapor Apparel, the maker of sublimation-friendly performance apparel , is moving into a new corporate facility in Hanahan, SC.
Sears To Close Another 40 Stores
Sears Holdings, which filed for bankruptcy last month, said Thursday that 11 Kmart locations and 29 Sears stores will close their doors in February 2019. The retailer is already in the process of closing about 188 stores.
Leatherman Tool Group To Sell Ledlenser
Leatherman Tool Group (LTG) announced it will sell Ledlenser GmbH & Co. KG of Solingen, Germany, the maker of Ledlenser LED lights to Afinum.
Cheerleading Injuries On The Decline
USA Cheer shared news of a recently published medical research study demonstrating how cheerleading rules can effectively maximize the safety of its participating athletes.
Gympass Expands Its Global Network With Youfit Partnership
The partnership, which kicks off in November, allows unrestricted access for the employees of Gympass’ client firms to all of Youfit’s locations nationwide, adding substantial volume to Gympass’ rapidly expanding global fitness network of almost 40,000 gyms and studios.
Active Brands Making Progress In Sequential’s Q3
While posting a steep loss on impairment charges in the third quarter, Sequential Brands reported that its three active brands – Avia, Gaiam and AND1 – are all gaining traction in the marketplace
Dick’s To Kick Off The Holiday Season With ‘Biggest Black Friday Week Ever’
Dick’s Sporting Goods said it will be holding its “Biggest Black Friday Week Ever” with stores opening on Thanksgiving at 6:00 p.m. The retailer will also be offering Cyber Week deals online and “Hot Holiday Deals” at dicks.com and in-store throughout the holiday season.
Direct Alpine Seeking Brand Ambassadors
Direct Alpine, the technical outdoor brand based in the Czech Republic, is currently enlisting athlete ambassadors to represent the brand in the United States, in return for free gear and commissions for each sale made.
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