Kathmandu, the outdoor retailer primarily active in New Zealand and Australia. said it had agreed to acquire Oboz Footwear, based in Bozeman, MO, for a base cash consideration of U.S. $60 million and earn-out of up to U.S. $15 million.
Category: Outdoor
Large U.S. Retailers Urge Trump Against China Tariffs
A letter sent to President Trump signed Monday by 49 of the nation’s largest retailers, including Walmart, Target and Costco outlines their concerns about the detrimental impact broadly applied tariffs could have on American families.
Patagonia’s Blue Heart Campaign Aims To Protect The Last Wild Rivers Of Europe
Patagonia launched the Blue Heart website and petition urging international banks to stop investing in the destruction of Europe’s last wild rivers, and released a preview of Blue Heart, its upcoming documentary film.
GCI Outdoor Supports 365-Mile Challenge, Helps Mothers Stay Active Throughout 2018
GCI Outdoor is proud to sponsor the 365-Mile Challenge, designed to engage mothers and get them outside every day this year.
Gander Outdoors Prepares For Grand Opening In Fayetteville
Gander Outdoors, formerly known as Gander Mountain, is open in Fayetteville, NC.
Newell Brands Announces Agreement With Carl Icahn
Newell Brands announced that it entered into a cooperation agreement with Carl C. Icahn, chairman of Icahn Enterprises LP (IEP), who beneficially owns approximately 6.9 percent of the company’s outstanding shares.
Croakies To Sponsor 2018 Quicksilver Waterman Carolina Cup
Croakies has expanded on its 2017 “Exclusive Eyewear Retainer” designation, by adding Official Entertainment Sponsor for the 2018 Quicksilver Waterman Carolina Cup Presented by Surftech.
Authentic Brands Group To Acquire Nautica
VF Corp. announced that it has entered into a definitive agreement to sell the Nautica brand business to Authentic Brands Group (ABG) LLC.
L.L. Bean Cuts Jobs Bonuses After Reporting Flat Sales In 2017
L.L.Bean said it plans to eliminate employee bonuses for the first time since 2008 and will lay off about 100 positions this spring. The retailer also reported annual revenue reached $1.6 billion in its fiscal year ended Feb. 25, which was nearly flat with year-ago levels.
Hibbett Looks To Build On Q4 Momentum In 2018
Hibbett Sports’ earnings fell, as expected, in the fourth quarter due to the promotional marketplace. But results were better-than-expected coming into the quarter due to an acceleration in its e-commerce business and strength in sportswear and overall footwear offerings.
L.L. Bean Forgoes Bonuses After Challenging Year
With sales coming in slightly down in 2017, L.L.Bean said it plans to eliminate employee bonuses for the first time since 2008 and will lay off about 100 positions this spring.
Columbia Sportswear And Major League Soccer Announce New Relationship
Columbia Sportswear and Major League Soccer announced a new collaboration featuring co-branded outerwear and apparel for men, women and children.
Aisle Talk, Week of March 12
Top headlines from the active lifestyle industry you may have missed this week.
Hibbett Sports Q4 Comps Expand 1.6 Percent
Hibbett Sports Inc., in line with updated guidance, reported fourth-quarter earnings slumped 19.8 percent while comps grew 1.6 percent.
Zumiez’s Q4 Earnings Climb 18.2 Percent
Zumiez Inc. reported fourth-quarter earnings rose 18.2 percent on a 16.9 percent climb in sales.
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