On Friday October 19, Nike announced that the First Place winner of their Circular Innovation Challenge was San Francisco yoga product startup Yogo for their entry presenting a collection of yoga props using Nike Grind Materials.
Author: SGB Media
Rockport Closes Acquisition Of The Reef Brand
The Rockport Group announced that the company has completed the acquisition of the Reef brand from VF Corporation. Rockport is a portfolio company of certain affiliates of Charlesbank Capital Partners, LLC, a middle-market private equity firm.
Summersalt Lands $6.1 Million In Funding
St. Louis-based swimwear brand Summersalt has secured $6.1 million in Series A funding, led by Founders Fund, with plans to launch a new category targeted towards modern travelers.
Kathmandu To Launch In North America With Outdoor Retailer Debut
Kathmandu, the iconic New Zealand travel and adventure brand, will launch in North America with a collection debut at Outdoor Retailer Winter Market.
Oboz Plants Two Millionth Tree
In 2008, Oboz Footwear, the True to the Trail outdoor footwear company headquartered in Bozeman, MT, partnered with Trees for the Future to create the One More Tree program which plants a tree for every pair of Oboz Footwear sold. As of today, the program has planted 2 million trees.
Aisle Talk Week of October 22
Top headlines from the active lifestyle industry you may have missed this week, including Yeti’s lukewarm initial public offering debut.
Thule’s Currency-Neutral Sales Expand 3.8 Percent In Q3
Thule Group reported sales for the third quarter amounted to SEK 1.56 billion corresponding to a year-over-year increase of 12.7 percent. Adjusted for exchange rate fluctuations, sales rose 3.8 percent.
Yeti’s IPO Makes Lackluster Debut
Amid volatile stock market conditions, Yeti’s initial public offering were priced at $18, below the company’s projected range of $19 to $21. Yeti also sold 16 million shares in the offering, down from 20 million initially planned. On the company’s first day of trading on Thursday, shares fell $1.00, or 5.6 percent, to $17.
Boot Barn Rides Same Store Double-Digit Sales Growth To Q2 Beat
Boot Barn Holdings Inc. reported net income for the fiscal second quarter ended September 29 of $4.5 million, or 16 cents per diluted share, compared to net income of $1.1 million, or 4 per diluted share in the prior-year period. This beat Wall Street estimates by 3 cents.
Columbia Sportswear Raises 2018 Guidance On Earnings, Revenue Beat
Columbia Sportswear Co. on Thursday afternoon reported that net income for the third quarter ended September 30 increased 14 percent to $100.2 million, or $1.42 per diluted share, compared to third quarter 2017 net income of $87.7 million, or $1.25 per diluted share. The company’s earnings beat Wall Street estimates by 14 cents.
Deckers Lifts Guidance As Quarterly Earnings Surpass Predictions
Deckers Brands reported earnings in the third quarter jumped 50.1 percent to $74.4 million, or $2.48, from $49.6 million, or $1.54, a year ago. Revenues expanded 4.0 percent, led by a 28.4 percent gain for Hoka One One. Ugg’s sales dipped 1.0 percent.
Amer Sports Appoints Megan Porteous Digital Marketing Director
Amer Sports, the parent of Arc’teryx, Salomon and Wilson Sporting Goods, announced the promotion of Megan Porteous to the position of digital marketing director, Americas. In her new position, effective November 1, Porteous will oversee the company’s portfolio-wide transformation as an omnichannel marketing organization in the Americas region.
Callaway Golf Q3 Gains Lift From U.S. Momentum
With revenues in the U.S. running ahead 14.7 percent with the help of a good reception to the Rogue driver, Callaway Golf reported third-quarter earnings and sales exceeded guidance for the seventh straight quarter.
RECALL: Electric Skateboards
About 10,000 Electric Skateboards from Yvolve Sports are being recalled. The The tire on the skateboard can deflate posing a fall hazard to the user.
Varsity Spirit Partners With Fabletics
Varsity Spirit, the leader in cheer and dance educational camps and competitions, announced the company’s long-term partnership with Fabletics, the active lifestyle brand launched by Kate Hudson in 2013.
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