Outdoor Industry Association (OIA) released a special report, “New Outdoor Participant (COVID And Beyond),” exploring Americans’ spike in engagement in outdoor activities amid the COVID-19 pandemic. The report reveals that these new participants are more likely to be female, younger, living in an urban area and slightly more ethnically diverse than existing participants.
Category: Apparel
Iconix’s Q4 Sales Slid 22 Percent
Iconix Brand Group Inc. reported sales for the fourth quarter of $33.9 million, a 22 percent decline compared to $43.2 million in the fourth quarter of 2019.
Lululemon Sees Q4 Sales Outpacing Expectations
Lululemon Athletica reported earnings in the fourth quarter ended January 31 improved 13 percent on an adjusted basis as same-store sales gained 21 percent. Both sales and earnings topped Wall Street targets.
US Lacrosse CEO To Exit After Nearly 40 Years
Steve Stenersen, the CEO of US Lacrosse since the organization’s inception in 1998, announced his intention to depart the organization by the end of 2021. The decision is the outcome of a multi-year series of strategic conversations between Stenersen and the US Lacrosse Board of Directors about succession planning and organizational evolution.
Report: Chinese Boycott Losing Momentum
A Chinese consumer boycott threat against international brands including Nike and Adidas appeared to be losing momentum over the weekend, according to a report from the South China Morning Post.
Innerwear Brand Tommy John Taps Nike Execs
Tommy John has appointed Melissa Ohm as chief product officer and Beth Brown as vice president of sales. Both formerly worked at Nike.
Sezzle Achieves B Corp Certification
Sezzle is the latest company serving the active lifestyle industry to have received the certification required to achieve B Corp status, joining innovative leaders worldwide to advance important environmental, social, and economic causes.
Academy Sports Posts Record Sales And Earnings In Fourth Quarter
Academy Sports and Outdoors Inc. reported fourth-quarter earnings quadrupled as same-store sales increased 16.1 percent. The sales gains were driven by strong consumer demand across all markets and merchandise divisions, particularly Sports & Recreation. E-commerce sales grew 60.7 percent.
The Carlyle Group Partners With END.
The Carlyle Group has acquired a majority stake in luxury, streetwear and sportswear retailer END. The stake is being acquired from founders Christiaan Ashworth and John Parker, who will retain a significant minority stake and remain co-CEOs.
USTA, ITA Enter Strategic Alliance To Elevate College Tennis
The United States Tennis Association (USTA) and the Intercollegiate Tennis Association (ITA) have entered into a new strategic alliance that formalizes the two organizations’ ongoing collaboration to strengthen and elevate collegiate tennis.
Nordstrom’s Debt Ratings Upgraded To Stable
S&P Global Ratings revised the debt ratings outlook on Nordstrom to stable from negative reflecting its belief that the retailer will demonstrate sequential recovery in operating performance this year, generating more than $1 billion in operating cash flow.
Fanatics, NFL To Launch Amazon Storefront
Fanatics, which operates the NFL Shop online store, in a partnership with the NFL is developing an NFL Shop “storefront” on the Amazon platform, marking the first time Fanatics will sell its products on Amazon. Currently, customers can shop all of the expanded selection at Amazon.com/nfl.
Walmart’s Former Sports & Fitness GM Joins Bed Bath & Beyond
Bed Bath & Beyond Inc. hired Jake Griffith, most recently general manager for Sports & Fitness at Walmart, as vice president, product management.
Omega Sports Files For Bankruptcy
Omega Sports Inc., based in Greensboro, NC, filed a bankruptcy petition in the U.S. Bankruptcy Court of the Western District Of North Carolina.
PGA Show Connects Set For Mid-April
PGA Golf Exhibitions announced its first seasonal event of the PGA Show Connects 365-digital platform; the “PGA Show Connects Spring Kick-Off,” which will be held online April 14 at Virtual.PGAShow.com.
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