In a statement, FDRA President and CEO Matt Priest wrote that the latest proposed list of Chinese imports subject to higher tariffs will be “paid by every American, every time they buy shoes.”
Category: Outdoor
REI To Expand E-Bikes, Donates To PeopleForBikes
REI Co-op announced plans to more than double its e-bike offerings in 2019 and a $110,000 grant to PeopleForBikes to support cycling advocacy and infrastructure programs.
Cannondale Driving Rebound For Dorel Sports
Dorel Industries said its Dorel Sports’ segment showed some recovery in the first quarter. Growth at Cycling Sports Group (CSG), led by Cannondale, helped offset continued pressures at the mass channel. Said Martin Schwartz, Dorel’s CEO, “We’re excited about prospects with the Cannondale line demonstrating excellent momentum.”
Sustainable Apparel Coalition Launches Technology Venture Higg Co.
The Sustainable Apparel Coalition announced the launch of Higg Co., a public benefit company that will develop the technology that delivers the Higg Index. The Higg Index is a suite of sustainability assessment tools used globally by brands, retailers and manufacturers to measure the environmental and social performance of a company or product.
Emerald Expositions Appoints New CEO
Emerald Expositions Events Inc. appointed Sally Shankland to the position of president and chief executive officer of Emerald. Phil Evans, Emerald’s interim president and chief executive officer, will continue to serve as the company’s chief financial officer.
Eddie Bauer Reaches $9.8M Settlement Over Data Breach
Eddie Bauer agreed to a settlement with Iowa-based Veridian Credit Union over a class action lawsuit related to a 2016 data breach, according to documents filed in the U.S. District Court for the Western District of Washington. The retailer admitted no wrongdoing in the filing.
Dorel Sports’ Profits Bounce Back In Q1
Dorel Industries reported its Dorel Sports’ segment posted an operating profit of $4.5 million in the first quarter, rebounding from a loss of $774,000 a year ago. The prior year’s first quarter included a $6.6 million impairment loss recorded on Toys “R” Us trade accounts receivable and a $1.5 million operating profit related to Toys“R”Us shipments prior to the U.S. bankruptcy.
Academy Sports Opens Store In Gastonia, NC
Academy Sports + Outdoors opened its first store in Gastonia, NC, located at 3580 E Franklin Blvd. This marks Academy’s 6th Charlotte metropolitan area store.
Emerald Expositions’ Darrell Denny Exits
Darrell Denny, EVP at Emerald Expositions who oversees Outdoor Retailer, is leaving the company, effective May 24.
Wolverine’s Q1 Sales Slowed By Weather, Conservative Re-Orders
Wolverine World Wide reported earnings topped guidance in the first quarter and four of its major brands – Merrell, Saucony, Cat and Wolverine – exceeded internal sales expectations. Overall sales came in below expectations due to a downturn in the boat shoe market and weak re-orders that particularly impacted Sperry.
As Headwinds Mount, Is Camping World Making The Right Moves?
Headwinds continue to batter Camping World Holdings Inc., with such factors as a soft RV market, tough comps with 2018, operational restructuring and even a lawsuit taking a toll on the company. Is Camping World making the right moves in response?
GoPro’s Q1 Revenues Climb 20 Percent
GoPro Inc.’s revenues topped Wall Street’s targets, driven by strong demand for its new range of cheaper action cameras from flagship brand Hero. The loss in the period was also slightly better than Wall Street’s targets.
Bogs’ Bounce Back Continues In Q1
Bogs, continuing on the recovery seen in 2018, saw revenues jump 23 percent in the first quarter. The gains were due primarily to higher sales to outdoor and online retailers.
Yeti To Launch Secondary Offering
Yeti Holdings Inc. announced the commencement of a public offering of 9.5 million shares of common stock by certain of its stockholders.
Hydro Flask Expands Distribution In Hong Kong And Latin America
Hydro Flask will expand its growing global presence within the Asia-Pacific market while also entering the Latin American market.
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