Michael La Guardia. formerly at Yahoo Sports, joins Under Armour as SVP, Digital Product; MyFitnessPal’s Co-Founders are exiting; and connected fitness digital product, digital engineering and digital media will now all report to Paul Fipps, chief technology officer.
Category: Apparel
New Nike Flagship Headed To New York City
The current Niketown New York store at 6 East 57th Street will close in Spring 2018.
RYU Apparel Closes First Tranche Of $5 Million Private Placement
RYU Apparel Inc. said it has closed the first tranche of its non-brokered private placement financing of up to 71,428,572 units at a price of 7 cents per unit for gross proceeds of up to $5 million.
Nike To Re-Up With Oregon
Oregon athletics is about to get a big, new deal with Nike, according to a report from the Oregonian.
Columbia Flagship Closes Temporarily Amid Protests
Columbia Sportswear’s store in downtown Portland closed on Saturday after it faced organized demonstrations. The protests came after CEO Tim Boyle said his company was exploring closing its nearby downtown office because of safety concerns.
OIA Strongly Opposes Expected Move To Shrink Bears Ears
Amy Roberts, executive director of the Outdoor Industry Association (OIA) in an open letter said the organization opposes the Trump administration’s expected move to “severely” reduce the overall size of Bears Ears National Monument in Utah and urged its members to “continue to make our voices heard.”
Sheikh Shoes Betting On Nike For Turnaround
Sheikh Shoes ultimately blamed its trip to bankruptcy court on its inability to secure shipments from Nike, by far its largest supplier that holds an unsecured creditor’s claim of $16 million in the case. But it’s also counting on Nike to revive its fortunes.
Genesco Sees NFL’s Challenges Challenging Lids
Bob Dennis, Genesco’s CEO, said “the well-publicized challenges facing the NFL have meaningfully dampened demand for NFL licensed merchandise during the heart of football season” to impact Lids’ sales during the third quarter. Also impacting lids has been a less-favorable MLB playoff lineup, a disappointing performance this year by some key college teams, and a lack of a strong headwear trend.
Ibex Will Cease Operations In February 2018
Ibex released a letter confirming that it’s “in the process of closing down its current business.” The merino apparel brand had indicated earlier in the summer that it was shutting down its wholesale operations to focus on retail.
Aisle Talk, Week Of November 27
Top headlines from the active lifestyle industry you may have missed this week.
Billabong Explores Quiksilver Merger
Shares of Billabong climbed 23 percent after the company disclosed that Boardriders Inc., formerly known as Quiksilver Inc., had made an offer to acquire the company. Billabong indicated that its board will evaluate the proposal.
Zumiez Delivers 5th Straight Quarter Of Comp Gains
Feeling its locked in on the young omnichannel shopper, Zumiez Inc. reported third-quarter earnings that hit the high-end of its guidance and offered an optimistic outlook for the fourth quarter.
Perry Ellis Sees Nike Swim And Golf Climb Double Digits
Perry Ellis International Inc. reported sales in its Golf segment grew low double-digits in the third quarter while Nike Swim leapt 40 percent.
Billabong Gets Takeover Bid From Quiksilver
Billabong International Limited confirmed that it has received a confidential, indicative and non-binding proposal from Boardriders Inc., formerly known as Quiksilver Inc., to acquire the company in a bid that values the company Australian $198 million (U.S. $150 million).
Genesco Posts Steep Q3 Loss On Impairment Charge
The charge reflects the sustained decline of the company’s market value to a level below book value and underperformance relative to projected operating results, particularly in the Lids Sports Group The outlook for the year was also reduced due to a “more conservative outlook for Lids.”
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