Modell’s Sporting Goods will be joining forces with the Prostate Cancer Foundation (PCF) to raise money to advance prostate cancer research in recognition of Men’s Health Month in June.
Category: Apparel
Under Armour Partners With Bradley University
Under Armour has reached an agreement to outfit Bradley University in Peoria, IL.
BSN Sport Partners With Gustavus Athletics
The Gustavus Adolphus College Athletics Department in St. Peter, MN, has entered into a five-year partnership with BSN Sports and Nike.
Adidas Signs NFL First-Round Draft Pick Josh Rosen
Adidas announced multi-year partnerships with the Arizona Cardinals’ first-round draft pick, quarterback Josh Rosen.
G-III Apparel Sees Double-Digit Growth In Q1
G-III Apparel Group, Ltd. reported sales for the first quarter ended April 30 increased 16 percent to a first quarter record of $611.7 million compared to $529.0 million in the year-ago period. Profits came well ahead of Wall Street’s targets and guidance was raised for the year.
Genesco Posts Q1 Loss As Lids Struggles
Genesco Inc. reported a loss in the first quarter, but results were a penny better than analyst’s consensus estimates and the company reiterated guidance for the year. Journeys saw “significantly” improved profitability as comps rose 6 percent. Lids’ comps dropped 7 percent but showed improvement over versus the fourth quarter.
Active Lifestyle Vendors Deliver Robust Q1
A wide majority of vendors in the actve lifestyle space reported first-quarter results that topped Wall Street’s expectations with many raising guidance for the year. Among brands, Vans, Champion, Puma and Callaway Golf stood out with healthy double-digit top-line growth but earnings from Nike, Deckers Outdoor, Columbia Sportswear and Wolverine Worldwide all easily topped Wall Street’s targets.
May M&A Roundup: Shakeup In Firearms, Outdoor Sectors
Although May was a relatively slow month for mergers and acquisitions activity in the outdoor and active lifestyle space, a few eye-opening transactions dominated headlines because they fell outside the scope of traditional deals.
Feller Appoints Ted Irwin As National Sales Director
Apparel maker Feller has appointed Ted Irwin as national sales director. Irwin has a range of experience growing and servicing retail account bases, boosting brand equity and helping retailers earn healthy margins. He formerly worked for K2, Victorinox, Bed:Stu, Keen and Arc’teryx over several decades in key territories, primarily sales.
L.L.Bean Partners With Hike It Baby
L.L.Bean entered into a three-year partnership with the nationally recognized non-profit organization Hike it Baby. L.L.Bean will be the Presenting and Founding Partner of the Trail Network.
Sports Direct Launches Proxy Battle For Iconix Board
Sports Direct, which owns 9 percent of the shares of Iconix Brand Group, nominated four candidates for the licensing company’s board of directors while asserting that Iconix’s current leadership is mismanaging the company.
RILA Warns Of Downstream Impact Of Steel And Aluminum Tariffs
RILA (Retail Industry Industry Leaders Association) said the Trump Administration’s announcement that it will impose new steel and aluminum tariffs has “created a three-front trade war, targeting NAFTA, China, and now the European Union, with no resolution to any of these disputes in sight.”
Lululemon Accelerates Growth In Q1
Lululemon Athletica reported first-quarter earnings more than doubled, well above aggressive guidance. Highlights include 62 percent online growth, a 28 percent increase in new customer acquisition and 380 basis point improvement in product margin.
Aisle Talk Week of May 28
Top headlines from the active lifestyle industry you may have missed this week, including the potential for an Eddie Bauer and Pacific Sunwear merger.
May Retail Jobs See Huge Year-Over-Year Increase
The retail industry employment increased by 28,800 jobs seasonally adjusted in May over April and 100,200 jobs unadjusted year-over-year, the National Retail Federation said Friday.
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