Target is planning on introducing a new active apparel brand, JoyLab, this fall.
Category: Apparel
Arctic Cool Sees Strong First Year
Arctic Cool, the cooling apparel start-up, said it has sold over 100,000 shirts since its launch on June 6, 2016.
Backcountry COO Joins Ski Utah Board Of Directors
Backcountry announced that Pete LaBore, chief operating officer of Backcountry, is joining Ski Utah’s 2017 Board of Directors, effective July 1, 2017. He will serve a three-year term expiring June 30, 2020.
Iconix Reduces Debt By $362 Million With Entertainment Segment Sale
Iconix Brand Group Inc. announced a substantial reduction of its debt in conjunction with the completion of the previously reported sale of its entertainment segment for $345 million in cash, subject to customary working capital adjustments.
Fourth of July Races Experience Record-Setting Growth in 2016
For the second year in a row, finisher numbers for Fourth of July races increased, ranking the holiday as the second most popular among runners in 2016, sitting only behind Thanksgiving, according to Running USA.
Russell Athletic To Lose Southern Miss
The University of Southern Mississippi is planning on exiting its agreement with Russell Athletics next year, according to a report in the Hattiesburg American.
Helly Hansen’s 2016 Revenues Expand 6.4 Percent
Helly Hansen reported revenues in 2016 grew 6.4 percent to NOK 2.66 billion ($318 mm) despite reducing the product line by 25 percent. Organic revenue growth came to 4 percent.
Adidas Creates Women Artists UltraBOOST X Series
Adidas and Refinery29 is partnering with celebrated female artists to create one-of-a-kind pairs of UltraBOOST X representing all 50 states.
Nike Sues Rob Gronkowski
Nike filed a formal opposition to the USPTO Trial & Appeal Board, asserting a logo of New England Patriots tight end Rob Gronkowski’s company, Gronk Nation LLC, looks similar to the Air Jordan “Jumpman” logo that has been in use since November 1987, ESPN reports.
Supra Signs Skateboarder Clint Walker
Supra announced pro skateboarder Clint Walker has joined its skate team.
Puma Invests In Canadian Business
Puma announced a future reorganization of the Canadian business and a further investment into the growing Canadian market. The brand plans to centralize their operations for a more efficient approach.
Nike Confirms Sales Through Amazon As Q4 Tops Expectations
“As we do with all of our partners, we’re looking for ways to improve the Nike consumer experience on Amazon by elevating the way the brand is presented and increasing the quality of product storytelling,” said Mark Parker, chairman, president and CEO, on a conference call with analysts.
Aisle Talk, Week Of June 26
Top headlines from the active lifestyle industry you may have missed this week.
Helly Hansen Upbeat About 2017 Following Strong 2016
Helly Hansen said all countries moved to profitability in 2016, including the USA for the first time.
West Marine To Go Private
West Marine Inc. has reached an agreement to be acquired by Monomoy Capital Partners, a New York-based private equity fund, for $12.97 per share in cash, which represents a total equity value of $338 million.
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