Top headlines from the active lifestyle industry you may have missed this week.
Category: Apparel
Adidas Lifts Outlook For Second Time This Year
Revenues are now expected to increase between 17 and 19 percent on a constant currency basis for the year, compared to previous estimates of 12 to 14 percent growth.
Outdoor Retailer Summer Market – Industry Buzz From The Floor
It’s a big world to explore out there, and likewise it was a big, wide-ranging industry under the roof of the Salt Palace yesterday at Outdoor Retailer Summer Market. Here are a few snapshots of the vast collection of outdoor-minded conversations that were buzzing around.
Thousands March In Utah To Support The Nation’s Public Lands
On Thursday, more than 2,500 people marched from the Salt Palace Convention Center to the Utah State Capitol at the “This Land is Our Land” March for Public Lands. Speakers including Conrad Anker and Jerry Stritzke expressed hope that Utah’s governing officials will keep public lands public and intact for all Americans to enjoy.
Billabong To Absorb Charge Over Failed Software Implementation
Billabong will take an Australian $11.7 million write off after terminating a service provider engaged to integrate its wholesale, retail stores, e-commerce and social media platforms on line.
Adidas Lifts Outlook Again On Robust Q2
Reported revenues from the company’s continuing operations increased 19 percent on a currency-neutral basis in the second quarter while operating profit jumped 18 percent.
Ten Companies Selected For Inaugural SFIA Innovative Product Showcase
SFIA has selected the following 10 companies to highlight their innovative, new-to-market products at the SFIA Innovative Product Showcase: Amer Sports, Brooks Running, Hyperwear, ONX, Rawlings, RecoverX, RhinoB, Rhone, Superfeet, and United Sports Brands.
Amer Sports Q2 Impacted by Restructuring, Sales Set To Pick Up In Back Half
Heikki Takala, president and CEO, told analysts Amer saw strong growth in most of its strategic priority areas. These include apparel, up 22 percent; owned retail, up 25 percent overall with same-store sales growth of 7 percent; e-commerce, vaulting 45 percent; and China, up 20 percent.
Outdoor Retailer Summer Market – Vendor Update – Flylow
Flylow is often thought of as a winter company, but has been a large player in the summer market for several years now.
Camping World Adds TheHouse.com
Following its move into the hunt & fish space with its acquisition of Gander Mountain and Overton’s, Camping World is moving into the board and bike space by acquiring Minnesota’s TheHouse.com.
Adidas Establishes Murals Across Brooklyn
Adidas is collaborating with Colossal Media, a specialist in hand painted outdoor advertising, on an art gallery in Bushwick, Brooklyn.
Adidas To Sell CCM Hockey To Birch Hill Equity Partners
Adidas announced that it has entered into a definitive agreement to sell its CCM ice hockey brand to a newly formed affiliate of Birch Hill Equity Partners for a total consideration of US$110 million
Fanatics Partners With Clemson Athletics
Clemson Athletics announced a multiyear deal with Fanatics to take over physical retail operations across a number of the school’s athletics facilities.
Amer Sports Sees Modest Q2 Growth
Amer Sports widened its loss in the second quarter as sales inched up 2.1 percent. On the positive side, strong double-digit growth was seen in its strategic priority areas of apparel, own retail, e-commerce and China.
Sequential Brands Sees Q2 Revenues Climb 23 Percent
Sequential Brands Group Inc. reported total revenue for the quarter ended June 30, 2017 increased 23 percent while showing a profit against a year-ago loss.
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