Summit Sports acquired Kentucky-based Loucon LLC, which operates SnowSportDeals.com.
Category: Apparel
Iconix Brand Group Lowers Full Year Outlook
Iconix Brand Group reported second-quarter revenue excluding divested brands was down 7 percent, an improvement from the first quarter. But the company reduced its guidance for the year due to the timing of certain new initiatives, the transition of certain licensees, and the deconsolidation of the Southeast Asia joint venture
The Running Event Returns To Austin
The Running Event (TRE), the running specialty conference and trade show, returns to Austin in late November and will feature a keynote presentation by Walter Robb, former Whole Foods CEO.
Fanatics Close To Securing $1 Billion Investment
SoftBank is close to closing on an investment of $1 billion in Fanatics, according to a report in the Wall Street Journal.
TIA Innovation Challenge Finalists To Present In NYC On August 28
The Tennis Industry Association (TIA) selected the finalists in the Tennis Industry Innovation Challenge to be held on August 28 in New York City.
Zappos.com To Sponsor Pet Adoption Fees In 36 U.S. Cities
Zappos.com is teaming up with North Shore Animal League America for a new animal advocacy and pet adoption initiative.
Puma Teams Up With Lumo Bodytech
Puma partnered with the motion science company to introduce a new Puma product powered by Lumo’s artificial intelligence coaching platform.
Asics U.S. Sales Drop 11.5 Percent In First Half
Asics America Group (AAG) reported that sales in the U.S. fell 11.5 percent in the first half year over year. The decline was largely attributed “to market forces and additional retail partner store closings.”
Black Diamond Sees Innovation Driving Robust Back Half
Black Diamond Inc. widened its losses in the second quarter due to stepped-up efforts to jumpstart growth. But its renewed focus on its flagship brand already helped drive top-line growth in the period and officials expect the momentum to continue in the back half of 2017.
Rapha Sold To Sam Walton’s Grandsons
Rapha, the London-based trendy cycling apparel brand, said that U.S.-based RZC Investments, led by Tom Walton with his older brother Steuart, has acquired a majority stake in the company.
West Marine Sees Fatter Margins Offset Lower Q2 Sales
West Marine Inc., which on June 29 agreed to be acquired by a private equity firm, reported basically flat earnings before charges in the second quarter as fewer markdowns offset a small sales decline.
’47 Develops Animated Video Series To Celebrate Anniversary
To celebrate its 70th anniversary, ’47 is releasing a three-part animated video series that tells the sports lifestyle brand’s heritage, part one of which will debut on August 14.
New Children’s Activewear Brand Super Heroic Raises $7 Million
Super Heroic, a new children’s sneaker brand launched by former Jordan Brand design director Jason Mayden, has raised $7 million in funding.
Asics America Group’s First Half Sales Decline 6 Percent
Asics America Group (AAG) said net sales decreased 5.9 percent year over year for AAG in the first half. Asics America saw a decrease in net sales of 11.5 percent year over year. The decline was “largely due to market forces and additional retail partner store closings.”
Walmart Heirs Acquire Rapha
Rapha, the British cycling lifestyle brand, stated that U.S.-based RZC Investments is now the majority shareholder in the business.
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