Unifi Inc. reported an operating loss in its second quarter ended December 30 and lowered its guidance for its fiscal year. The fibers specialist placed the blame on a spike in raw material costs, suppressed demand in the Americas and a weaker sales mix.
Category: Outdoor
Tiger Group Submits Winning Bid For Advanced Sports Enterprises
A group of four companies, called Tiger Group, submitted the winning bid in bankruptcy court to acquire the assets of Advanced Sports Enterprises (ASE), the parent of Performance Bicycle and cycling brands including Fuji, SE Bikes, Kestrel and Breezer.
American Media Acquires The Adventure Sports Network From TEN: Publishing
American Media, LLC, the publisher of celebrity journalism, health and fitness, and lifestyle brands, acquired the media assets comprising TEN: Publishing’s Adventure Sports Network (ASN). American Media Active Lifestyle Group will include the 14 adventure and sports brands including Bike, Powder, Surfer, the Transworld titles, and Snowboarder.
Unifi Posts Operating Loss In Q2
Unifi Inc. reported an operating loss in the second quarter ended December 30 due to higher product costs, lower regional yarn volumes and a weaker sales mix. Sales increased slightly.
Johnson Outdoors’ Sales Slump In Q1
Johnson Outdoors reported a slight decline in profits in the first quarter ended December 28 as sales slid 10.5 percent. Sales were impacted by a shift in pacing of new product releases in the Fishing category and weakness in Diving.
Over 50 CEOs Co-Create Outdoor Industry-Focused Equity, Inclusion And Diversity Pledge
On Friday, Camber Outdoors gathered over 50 CEOs in Denver to sign the CEO Outdoor Equity Pledge at Outdoor Retailer to commit to equitable and inclusive workplaces to advance the leadership opportunities for all. The premise, to spur innovation, builds community and elevate the active-outdoor industries as great places to work.
Tender Corp Secures Equity Funding
Tender Corp, which sells a variety of first aid, safety and survival products for the outdoor industry under multiple brands, announced the completion of a management-led transaction to recapitalize the business.
Vibram To Open New Consumer Experience Center At Boston University
Vibram announced plans to launch a new Vibram Boston Consumer Experience Center located in Boston on Commonwealth Avenue.
REI Co-Op Honors Arbor Collective As Top Vendor Partner Of 2018
During the 2019 Outdoor Retailer Winter Market trade show, REI recognized vendor partners who have made a significant impact to the co-op’s mission to awaken a lifelong love of the outdoors in everyone with its Vendor Partner of the Year awards.
Ugg Powers Deckers Brands To Blowout Holiday Quarter
Tightened segmentation, success reaching men’s, and early cold weather in the U.S. helped drive robust sales for Ugg to help Deckers Brands handily exceed guidance in its holiday quarter. Hoka One One also remained on fire with sales now expected to reach $220 million in its fiscal year.
Aisle Talk Week Of January 28
Top headlines from the active lifestyle industry you may have missed this week, including Moody’e lowering its debt ratings on Academy Sports.
Wolverine Worldwide Makes Investment In Thrive Outside
Wolverine Worldwide is investing $300,000 in the Outdoor Foundation, the charitable arm of Outdoor Industry Association, to support the Thrive Outside Communities program, designed to help young people’s social, emotional and academic development through outdoor experiences.
Carhartt Opens 30th Company Store
Carhartt has opened the doors to its 30th company retail store, located within Towne Place at Garden State Park in Cherry Hill, NJ.
Columbia Sportswear Sues Seirus, Ventex For Patent Challenge Fraud
Columbia Sportswear North America, Inc. filed a $20,000,000 racketeering lawsuit against Seirus Innovative Accessories and Ventex Co. Tuesday, claiming the companies committed fraud and infringed on two of Columbia’s patents.
Alterra Mountain Company And The North Face Announce 5-Year Alliance
Alterra Mountain Company and The North Face have signed a 5-year retail, uniform and sponsorship agreement, making The North Face the official winter uniform outerwear partner of select Alterra Mountain Company destinations.
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