While Merrell showed a decline of 7 percent and the Wolverine brand was down due to a repositioning, most of Wolverine Worldwide’s key brands showed moderate to strong growth.
Category: Outdoor
GoPure Pod Joins 1% For The Planet
Members of 1% for the Planet contribute one percent of annual sales directly to any of the approved nonprofit environmental organizations in the network.
Garmin Sees Robust Growth In Outdoor And Fitness In Q4
Garmin Ltd. reported fourth-quarter earnings on an adjusted basis were slightly down but well above Wall Street estimates. Strong double-digit growth was seen in its outdoor, fitness and marine segments.
Wolverine Reports Q4 Loss
Wolverine World Wide Inc. reported a loss of $1.9 million, or 2 cent a share, in the fourth quarter, against earnings of $11.6 million, or 12 cents, a year ago. Adjusted earnings on a currency-neutral basis were slightly above year-ago levels and Wall Street’s target.
Vail To Acquire Vermont’s Stowe Mountain Resort
The resort operator entered an agreement to acquire its first East Coast mountain resort for a purchase price of $50 million, subject to certain adjustments.
Who Will Land Outdoor Retailer?
Montana and Oregon joined Colorado in expressing their interest in the lucrative contract.
Dick’s Opens Stores In Iowa, New York And Georgia
Grand opening celebrations for new stores in Davenport, IA, Queens, NY and Hinesville, GA will occur March 10 through March 12.
Club Ride Apparel Launches Tees for Trails Program
Every year, the company will donate 50 percent of sales from their Tees For Trails line purchased on ClubRideApparel.com to non-profit organizations that promote trail advocacy.
Analyst Q&A: VF Corp. Q416
In the Q&A portion of VF Corp.’s fourth-quarter conference call on Friday, analysts questioned management about the distribution challenges facing The North Face in the U.S., whether the profitability in its Outdoor & Action Sports Coalition was sustainable, and open-to-buy rates by retailers.
Patagonia Launches ‘Defend Utah’s Public Lands’ Campaign
Patagonia launched a campaign urging residents of Utah to call Utah Governor Gary Herbert to “keep public lands in public hands” and retract his call for the Trump administration to rescind the Bears Ears National Monument.
Montana Governor Confirms Interest In Outdoor Retailer
“I would welcome the chance to explore this or other opportunities with the Outdoor Industry Association and its partners,” he wrote.
Cherokee Global Brands Appoints Two Board Members
Carol Baiocchi was formerly senior vice president, footwear for Kohl’s while Carol Baiocchi was most recently CEO of Portero Luxury and is a former president of Champion Athletic.
Boa Technology Launches New Brand Identity
The updated branding will debut across a newly launched consumer-focused website, and will be featured in consumer and trade advertising beginning next month.
Garmin Expands Professional Cycling Team Sponsorships
Garmin will continue to sponsor the Cannondale-Drapac Pro Cycling Team and the Movistar Team, and welcomes the Astana Pro Team, FDJ Pro Team and Team Dimension Data for Qhubeka this year.
L.L. Bean To Sponsor PBA Bowling Tournament
L.L. Bean reached an agreement to become the title sponsor of this year’s PBA League Elias Cup Portland, ME.
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