United By Blue, the outdoor brand known for sustainable products that support ocean and waterway conservation, has raised a Series A financing round. The round was led by Emil Capital Partners with participation from CircleUp, Golda Darty, Connected VC, Patient Capital Collaborative, amongst others.
Category: Apparel
REI To Invest $1 Million In Thrive Outside Program
REI Co-op is investing $1 million in the Outdoor Foundation, the charitable arm of Outdoor Industry Association, to support the Thrive Outside program, designed to help young people’s social, emotional and academic development through the outdoors. REI joins VF Corp., Patagonia and Thule, which all made significant multi-year pledges during Outdoor Retailer Summer Market in July.
Duluth Trading Opens Store In South Portland, Maine
Duluth Trading announced the grand opening of its 45th store in South Portland, Maine.
Canadian Tire’s FGL Segment Resumes Growth In Q3
Canadian Tire Corporation reported retail sales at its FGL segment, including Sport Chek, were up 1.6 percent in the third quarter with comparable sales up 2.2 percent. The company said it also saw a “strong start” to newly-acquired Helly Hansen.
The Buckle’s Comps Dip in October
The Buckle Inc.announced today that comparable store net sales, for stores open at least one year, for the 4-week period ended November 3, 2018 decreased 1.0 percent.
Adidas Finds Yeezy Boost Can’t Offset Europe Slowdown
Adidas lifted its profitability guidance for the year after reporting robust third-quarter earnings due to better-than-expected margins and strong double-digit growth in North America, China and across e-commerce channels. Yeezy delivered Adidas’ largest digital-release. But the year’s sales outlook was lowered as softness arriving in Europe earlier in the year worsened in the third quarter.
Zumiez October Comps Increase 1.6 Percent
Zumiez Inc. reported that the company’s comparable sales increased 1.6 percent for the four-week period ended November 3 compared to a comparable sales increase of 6.6 percent for the four-week period ended October 28, 2017.
PlumRiver Agrees To Acquire CenterStone Technologies
PlumRiver Technologies on Wednesday announced that the company has signed an agreement to acquire CenterStone Technologies as part of a strategic move to create a standardized B2B e-commerce interface between manufacturers and retailers. Financial terms of the deal weren’t disclosed.
MEC CEO David Labistour To Step Down
After 11 years heading the organization, CEO David Labistour will be leaving his role at MEC ((Mountain Equipment Co-op) in June 2019, handing over to a new CEO who will continue the co-op’s journey to get people off the couch and active outside.
Sequential Brands Posts Loss On Impairment Charges
Sequential Brands Group Inc. reported a loss in the third quarter after absorbing an impairment charges related to the trademarks of two of the company’s non-core brands as well as expenses related to a strategic shift to a direct-to-retail license with Walmart for the Avia brand.
ISPO Munich Adding Two More Halls For 2019 Show
ISPO Munich will be boasting an extra two halls in ISPO Munich 2019. In January 2018, over 2,800 exhibitors showcased their products at the leading international trade fair spread across 16 halls.
Adidas Q3 Profits Leap, Sales Impacted By Softness In Europe
Adidas hiked its 2018 profit guidance, citing a strong earnings performance in the third quarter, but trimmed its revenue target due to weaker-than-expected growth in Western Europe. Revenues at the Adidas brand increased 10 percent in the quarter, driven by double-digit growth in Sport Inspired as well as high-single-digit growth in Sport Performance. Revenues at Reebok decreased 5 percent.
Black Diamond’s Strong Q3 Helps Clarus Reach New Heights
A stellar third quarter from Black Diamond propelled the brand’s parent Clarus Corp. to post record sales in the period and also prompted the company to lift revenue and EBITDA guidance for 2018. Black Diamond notched 12 percent growth, including 14 percent growth in climb and 40 percent growth in apparel.
Brooks Running Strengthens Position In Europe
Brooks Running recently organized its European business into three commercial territories (North, Central and South), each with its own business leader to better capitalize on growth. Brooks also recently appointed a new EMEA Sales Director and EMEA Marketing Director.
Nike Names New Leaders For Asia Pacific And Latin America And Global Sales
Nike Inc. announced that effective December 1, Carl Grebert, currently the VP, GM of the global Jordan Brand, will become the company’s new VP, GM of its Asia Pacific and Latin America (APLA) geography. Ann Hebert, currently VP, GM of the APLA geography, will become the new VP, Global Sales.
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