VF Corp. looks to secure a dominant position in the fast-growing natural fiber category while Icebreaker believes it’s found a partner to help it become a $1 billion brand.
Category: Outdoor
Dorel Sports Revenues Plunge In Q3, Eyes Bounce Back In Q4
Dorel Sports’ 18 percent drop in sales in the third quarter was blamed on disruption in the mass channel, rainy weather and the bankruptcy of Toys”R”Us.
Newell’s Play Segment Sees Strong Earnings Uptick
On a conference call with analysts, Michael Polk, Newell’s CEO, highlighted mid-single-digit growth from the Fishing and Team Sports segments although the improved earnings largely reflects the absence of year-ago inventory writeoffs post-acquisition.
VF Agrees To Acquire Icebreaker
VF Corporation signed a definitive purchase agreement to acquire Icebreaker, the Merino-wool specialist based in Auckland, New Zealand. Terms were not disclosed.
Yaktrax Launches New Website And ‘Stand Up to Winter’ Campaign
Yaktrax, the snow and ice traction specialist, introduced a new website at yaktrax.com and an updated marketing campaign with a major emphasis on education around winter protection.
Wolverine Worldwide Completes Portfolio Management Initiatives
Wolverine World Wide Inc. announced the completion of its comprehensive portfolio management initiatives that were executed and expected to be completed during fiscal 2017, including the closures of underperforming stores, sale of the Sebago brand and licensing of the Stride Rite brand.
Aventura Clothing Acquires Knitwear Brand Icelandic Design
Aventura Clothing acquired Icelandic Design and its subsidiary brands, Wooly Bully and Newari Accessories.
MSR Welcomes Mike Chambers To Athlete Ambassador Team
Chambers has joined forces with the company to collaborate on events, expeditions, social impact projects and new product performance testing.
Spy To Host Customer Of The Future Summit Meeting
Spy, in conjunction with Instinct Laboratory, is bringing together brands, retailers and marketing specialists in the Southern California action and outdoor sports industries for a workshop to brainstorm ways to engage with the modern consumer.
AAFA Applauds Launch Of GSP Footwear Bill
The American Apparel & Footwear Association welcomed Senate introduction of a bill to designate certain footwear as eligible for the Generalized System of Preferences (GSP) program.
Downlite Appoints VP Quality Assurance And Compliance
In its ongoing effort to ensure continued leadership in international quality assurance, product integrity and quality compliance, Downlite has appointed Clive Wilkie as vice president, quality assurance & compliance.
Newell’s Play Segment Shows Modest Q3 Growth
Newell Brands Inc. reported that its Play segment, formerly K2’s Outdoor Solutions segment, generated net sales of $611 million in the third quarter, a 2.4 percent increase compared with $597 million in the prior year. Core sales grew 2.3 percent, reflecting growth in all three businesses with strong increases in Team Sports and Fishing.
Dorel Sports Revenues Tumble In Q3
Dorel Industries Inc. reported third-quarter sales in its Dorel Sports segment decreased $45.2 million, or 18 percent, to $205.5 million from $250.7 million last year.
Deckers Brands Mails Letter To Stockholders Highlighting Merits Of Board’s Strategy
Deckers Brands announced that its Board of Directors has sent a letter to stockholders in connection with Deckers’ upcoming 2017 Annual Meeting of Stockholders to be held on December 14, 2017. The board offered its full support of the Deckers’ management team.
Fox Factory Delivers Double-Digit Revenue Growth In Q3
Fox Factory Holding Corp. reported earnings in the third quarter rose 17.5 percent on a 16.9 percent sales gain.
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