Top headlines from the active lifestyle industry you may have missed this week, including Black Diamond Equipment Ltd. sending Walmart a cease and desist notice in response to the launch of a new outdoor website on Walmart.com curated by Moosejaw.
Author: SGB Media
Hybrid Apparel Appoints President
Hybrid Apparel promoted David Lederman, COO, to president.
Nike To Sponsor Jaren Jackson Jr.
Nike has signed Jaren Jackson Jr., the fourth pick in the the 2018 NBA draft, to a multi-year endorsement deal, according to ESPN. The forward from Michigan State joined the Memphis Grizzlies.
Adidas Realigns Western Europe Management
Adidas appointed Arthur Hoeld as managing director for Western Europe, according to a report on ISPO.com. Alain Pourcelot, who was previously responsible for the Western European business, has moved to the management of the training unit.
Spinning Launches International Ambassador Program
Spinning, the leading indoor cycling and education program, announced the launch of the International Spinning Ambassador program.
American Outdoor Brands Sees Profit Uptick In Q1
American Outdoor Brands, the parent of Smith & Wesson, M&P, Thompson/Center Arms and Gemtech, reported revenues rose 7.6 percent in the first quarter ended July 31. Earnings also came in well ahead of year-ago levels and topped company guidance.
GoPro Appoints Jim Lanzone To Board Of Directors
GoPro Inc. on Thursday announced that Jim Lanzone, chief digital officer of CBS Corp. and CEO of CBS Interactive, has joined GoPro’s board of directors.
Crocs Reaffirms Q3 And 2018 Guidance
Crocs, Inc. on Thursday reiterated the company’s guidance for the third quarter and full year ended December 31, 2018, in anticipation of the company’s presentation at the Goldman Sachs 25th annual Global Retailing Conference.
Lululemon Comps Soar 20 Percent In Q2
Lululemon Athletica Inc. on Thursday reported comparable sales increased 20 percent, or 19 percent on a constant dollar basis, in the second quarter ended July 29. The company reported diluted earnings per share of 71 cents, up from 36 cents (or adjusted EPS of 39 cents ) in the second quarter of fiscal 2017.
OIA Applauds California For Creating Office Of Outdoor Recreation
The Outdoor Industry Association (OIA) applauded California’s legislature in recognizing the power of the state’s growing $92 billion outdoor recreation economy by passing AB 1918, the bill to create the Office of Sustainable Outdoor Recreation.
Code Green Apparel Agrees To Acquire Zoombang Companies
Code Green Apparel Corp. announced that the company has entered into a binding letter of intent to acquire the Zoombang Companies, makers of protection gear for football and hockey players as well as for other industries, through a tax-free share exchange agreement.
Callaway And Jack Nicklaus Shine For Perry Ellis In Q2
Perry Ellis International Inc. saw strong growth in Callaway and Jack Nicklaus golf apparel in the second quarter. Nike Swim is seeing momentum in Europr. A calendar shift and the liquidation of Bon Ton Stores, however, caused a modest sales decline overall in the period. Profits were flat but topped Wall Street’s targets.
Tilly’s Delivers Strongest Comp In Seven Quarters
Share of Tlly’s were trading up around 13 percent in mid-day trading Thursday after the action-sports themed retailer posted the company’s best comp since the third quarter of 2016 while exceeding profit guidance.
Incipio Sells Braven To Zagg
Incipio Group has sold Braven Audio, the maker of waterproof Bluetooth speakers, to Zagg Inc.
Big Lots Appoints New CEO
Big Lots Inc. has appointed Bruce K. Thorn as chief executive officer and president. He replaces David Campisi, who retired in April.
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