In a statement, Under Armour CEO Kevin Plank said the company is “disappointed” by the Trump administration’s decision to withdraw from the Paris Climate Agreement “as climate change continues to threaten our planet, our cities and our economies.”
Category: Apparel
Nike Speaks Out Against Paris Climate Accord Withdrawal
Nike issued a formal statement opposing the President Donald Trump’s intention to withdraw the United States from the Paris Climate Accord.
Sportsman’s Warehouse Sets Opening In Everett, WA
Sportsman’s Warehouse is expanding its operations to include a new retail location in Everett, WA.
Under Armour And Sport Chek Launch Search For 2018 Canadian Youth Ambassadors
The 2nd annual Team UA NEXT Canada Powered by Sport Chek campaign kicked off to find the NEXT generation of Under Armour athletes. Seven to 12-year-old hard-working athletes are eligible.
Cabela’s Sets Date For Bass Pro Merger Vote
Cabela’s Inc. announced that it has filed definitive proxy materials with the U.S. Securities and Exchange Commission (SEC) in connection with the Special Meeting of Stockholders to approve the previously announced acquisition of Cabela’s by Bass Pro Shops.
Canada Goose Q4 Benefits From DTC Expansion
DTC revenues nearly tripled in the quarter to Canadian$36.5 million (U.S.$27 mm) and drove an improvement of 950 basis points in gross margin.
Lululemon Q1 Boosted By Enlite Run Bra Launch
Shares of Lululemon climbed $5.62, or 11.6 percent, to $54.29 Friday in over-the-counter trading after the yoga-themed retailer reported the momentum regained in the first quarter continued through the second with the help of strong launches. Management raised its guidance for the full year.
Aisle Talk, Week Of May 29
Top headlines from the active lifestyle industry you may have missed this week.
Zumiez Beats Plan For Third Straight Quarter
Said Richard Brooks, CEO, “Overall, small traffic trends for the quarter in total appear to be more challenging than the industry expected. While we are not immune to these challenges, we are encouraged to see our third consecutive quarter of positive comparable sales and transaction gains.”
Canada Goose Holdings Delivers 22 Percent Q4 Revenue Gain
Canada Goose Holdings Inc., in its first report since going public, reported a smaller-than-expected loss in its fourth quarter ended March 31 while seeing revenues expand 22 percent and a sharp hike in gross margins tied to its direct-to-consumer business.
OIA Criticizes Exit From Paris Climate Agreement
In response to the withdrawal from the Paris Climate Agreement, Amy Roberts, executive director at Outdoor Industry Association (OIA), in a letter stated that President Trump “has abandoned the United States’ leadership on this critical issue and has ignored the voice of individuals and businesses across the country, including many in the outdoor industry.”
SFIA Partners with RISE Talent For Recruitment
To address the need for more focused recruitment and provide added value to member companies, the Sports & Fitness Industry Association (SFIA), announced a new partnership with RISE Talent Acquisition.
Finish Line Youth Foundation Donates $409,750 In Q1
The Finish Line Youth Foundation announced its award of $159,750 in grants and $250,000 in donations for Special Olympics in the first quarter of 2017. The 22 grants to youth organizations in 13 states support healthy lifestyles and youth development. The Foundation’s financial commitment to Special Olympics supports fitness initiatives that focus on helping athletes […]
Zumiez’s Q1 Exceeds Guidance
Zumiez Inc. reported a loss in the first quarter but it was better than guidance with same-stores landing at the upper end of guidance.
Lululemon Takes Charge To Restructure Ivivva
Lululemon Athletica Inc. reported first-quarter results that exceeded Wall Street targets but also announced it would take a charge to close the majority of its Ivivva girls locations.
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