Two Billabong shareholders are opposed to the $200 million, or $1 per share, acquisition offer from Boardriders, which has jeopardized the potential blockbuster deal and sparked sharp words from Boardriders CEO David Tanner.
Category: Apparel
Boardriders Reaffirms Billabong Acquisition Is Best Value for Shareholders
Boardriders, Inc., the parent of Quiksilver, Roxy, and DC Shoes brands, reaffirmed that its proposed acquisition of Billabong International Limited is in the best interest of all shareholders.
Li Ning 2017 Sales Climb 11 Percent
Li Ning reported earnings from continuing operations nearly doubled in 2017 on an 11 percent revenue gain.
Outdoor, Footwear, Fashion & Retail Industries Vocalize Opposition to Tariffs
It’s not China that will be punished for stealing American intellectual property but instead U.S. companies and consumers that will feel the effects of President Trump’s move to impose $50 billion in retaliatory tariffs on Chinese imports. That was the message Thursday from numerous trade associations that represent industries whose products might be affected by Thursday’s decision to move forward with the new tariffs.
Nike Seeing “Significant” North America Reversal
Nike Inc.’s earnings in its third quarter ended February 28 came in well-ahead of Wall Street guidance while sales were slightly ahead. North American sales were down 4 percent in the period but Mark Parker, president and CEO, said the company is seeing “a significant reversal of trend in North America, as momentum accelerates through the scaling of new innovation platforms and differentiated Nike Consumer Experiences expand across the marketplace.”
Gander Outdoors Opens Locations in In Chambersburg, PA And Forest Lake, MN
Gander Outdoors, formerly known as Gander Mountain, has opened locations in Chambersburg in Pennsylvania and Forest Lake in Minnesota.
LeftLane Sports Starts Film Series To Support Local Outdoor Non-Profits
LeftLane Sports, the online retailer based in San Luis Obispo, CA, recently hosted a local screening of a popular rock climbing film while contributing to a local nonprofit.
Easter Spending Expected To Be Second Highest In NRF Survey History
Easter spending is expected to total $18.2 billion this year, almost on par from a record $18.4 billion in 2017 but still the second-highest level on record, according to the annual survey released by the National Retail Federation and Prosper Insights & Analytics.
Dick’s CEO Pens Op-Ed Urging Congress To Act On Guns
In an op-ed in the Washington Post, Ed Stack, CEO of Dick’s Sporting Goods, urged Congress to pass stricter gun laws. He wrote in part, “The majority of Americans are demanding that members of Congress take a stand and be brave enough to do their jobs.”
G-III Apparel’s Q4 Sales Jump 18.5 Percent
G-III Apparel Group Ltd. reported sales for the fourth quarter ended January 31, 2018 jumped 18.5 percent to $715 million from $603 million in the fourth quarter last year.
Dick’s Touts Growth Opportunities In Footwear And Apparel
Speaking last week at the Bank of America Merrill Lynch Consumer and Retail Technology Conference, Dick’s Sporting Goods’ officials elaborated on its exit from the fitness tracker category and challenges in firearms. But much of its presentation was spent discussing growth opportunities on the footwear and apparel side with brands including Nike, Adidas, Brooks and Patagonia as well as its numerous private labels.
NSGA Sports Participation Study Shows Mixed Performance
Early figures from the 2018 edition of the NSGA’s Sports Participation showed continued participation gains in Open Water Sports and Outdoor Activities while declines were suffered in Team Sports, Fitness Activities, Shooting Sports and Indoor Games.
Ibex’s New Owner Talks Up Merino Wool Brand’s Revival
On March 9, news arrived that Ibex, which ceased operations last November, had been sold to Flour Fund, a New York-based group led by David Hazan, a marketing expert. SGB Executive talked to Hazan about what’s next for Ibex.
Omnichannel Focus Fueling Duluth’s 2018 Ambitions
Bolstered by double-digit revenue growth in both the fourth quarter and fiscal year, Duluth Holdings Inc., parent of Duluth Trading Co., is doubling down on its omnichannel strategy of building its brick-and-mortar presence while also beefing up e-commerce capabilities.
Teflon EcoElite Earns Bio-Based World News Innovations Award
The Chemours became the third-place winner of the Bio-Based Product of the Year at the 2018 Bio-Based World News Innovation Awards for Teflon EcoElite.
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal