Starboard Value LP, the hedge fund, said on Monday it nominated two additional directors to the board of Newell Brands Inc, bringing its total nominees to 12 as the activist investor seeks to replace Newell’s board and CEO.
Category: Outdoor
Americas Stars For Crocs In Q4
Crocs’ sales in the Americas region soared 13.6 percent in the fourth quarter. Wholesale revenues jumped 29.1 percent, driven by at-once sales as consumers continued to purchase clogs and sandals despite winter weather, and retailers restocked shelves.
Aisle Talk, Week of February 26
Top headlines from the active lifestyle industry you may have missed this week.
TJX Takes Impairment Charge For Sierra Trading
The TJX Cos. took an impairment charge of 10 cents a share, or about $64 million, against fourth-quarter earnings for Sierra Trading Post due to a decrease in projected revenue growth rates.
REI And MEC Suspend Shipments From Vista Outdoor
Both REI and Canada’s MEC (Mountain Equipment Co-op) late Thursday said they have suspended orders from Vista Outdoor due to the company’s manufacture of semi-automatic rifles. Vista Outdoor’s brands in the outdoor and cycling space include Bell, Blackburn, Bollé, Bushnell, CamelBak, Camp Chef, Giro and Jimmy Styks. CamelBak issued a statement on the changes.
Industrial Revolution Adds Rep Group
Colorado-based Granite Marketing Inc. will represent IR’s wholesale partners in the Rocky Mountains territory, including Wyoming, Utah, Colorado and New Mexico.
Turtle Fur Partners With Locally
Locally, an online store and product locator, is now integrated into turtlefur.com, connecting consumers with Turtle Fur products currently available at their local shop.
Target Announces Limited-Edition Collaboration With Hunter
Target Corp. announced a limited-edition spring collaboration with Hunter, known for its iconic Original Wellington boot.
SMC/SSL Winter Sports Market Headed To Salt Lake City
Sports Specialists, Ltd. (SSL) of Golden CO and Snowsports Merchandising Corp. (SMC) of Springfield MA, co-hosts of the Winter Sports Market, announced a change beginning in 2019, and will call Salt Lake City its new home.
CODI’s Q4 Earnings Climb
Compass Diversified Holdings, the owner of Crosman, 5.11, Liberty Safe and other middle-market brands, reported a sharp gain in earnings in the fourth quarter ended December 31 due to a tax benefit. Cash flow from operations improved slightly.
The World’s Top Snowboarders Compete At 36th Annual Burton U.S. Open Snowboarding Championships In Vail
The 36th annual Burton U.S. Open Snowboarding Championships announced that 50 Olympians are confirmed to compete next week March 5-10.
AAC And North Face Opens $70,000 In Grant Awards Available For Climbers
The American Alpine Club in partnership with The North Face is offering 2018 Live Your Dream grants, open to climbers of all ages, experience levels and climbing disciplines.
DC Shoes Appoints Head Of Marketing
Southern California-based lifestyle and skate brand DC Shoes, Inc. announced the appointment of Michael Minter as global head of marketing.
Accell North America Appoints Omnichannel Brand And Digital Leader
Accell North America (ANA) announced Stuart Johnson as its chief marketing and digital officer (CMO, CDO). This newly created position supports ANA’s recently launched 2018 Consumer-Centric Omnichannel Strategy, offering a new retail partnership opportunity for today’s modernized Independent Bicycle Dealer (IBD).
Gander Outdoors Openings Off To Heathy Start
Camping World said the opening of its first Gander Outdoors locations are off to a good start. Officials also estimated that its overall Outdoor and Active Sports business segment – also including Overton’s, TheHouse.com, Uncle Dan’s, W82, and Erehwon – will bring in $400 million in revenue in 2018.
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