Cherokee Global Brands’ proposed deal to buy Hi-Tec Sports for $98.5 million will most significantly include selling off the outdoor footwear brand’s wholesale operations to licensed partners.
Category: Outdoor
Ledlenser Crowned Title Sponsor Of Trails In Motion Festival
“The partnership with the Trails In Motion Film Festival enables us to reach a core community of trail runners,” said Ledlenser Associate Brand Manager Shannon Jidas.
Christy Sports Names Amer Sports GM As New CEO
Christy Sports, a specialty retailer of ski and snowboard equipment, apparel and accessories, appointed Matt Gold as its new CEO, effective February 2017.
Dick’s Sporting Goods Opens Seattle Location
The sporting goods retailer’s 11th store in Washington and 679th nationwide will open on December 2.
U.S. Senate Approves Outdoor REC Act
The bipartisan bill, which is expected to be signed by the President, will have the federal government track and analyze the outdoor recreation economy as part of its overall economic viewpoint.
Spinlister Launches Bike Shop Partner Program
Through the new initiative, bike shops will have the opportunity to access the platform’s worldwide community of renters, giving them an opportunity to generate revenue from unsold inventory.
LVMH In Talks To Acquire Rapha
The luxury goods conglomerate is in discussions to acquire Rapha, the high-end cycling apparel and bike-related accessories brand based in London, according to a report from the Daily Mail.
Nalgene Partners With Marvel
Nalgene Outdoor launched a “Heroes Hydrate!” line of Marvel-inspired Nalgene reusable water bottles.
Woolrich Inc. Merges With Woolrich Europe
The majority shareholder of the new entity, Woolrich International, will be W.P. Lavori in Corso, while the Rich family will maintain a minority stake.
Has The Paddlesports Industry Found Its New Home?
Two big paddlesports industry playmakers have secured September 12-14, 2017 in Madison, WI at the Alliant Energy Center to host a new Paddlesports Retailer show.
Patagonia To Donate $10 Million From Black Friday Sales
The outdoor apparel brand far exceeded its expectations after pledging to donate 100 percent of its sales to environmental nonprofits.
Hi-Tec To Be Sold To Cherokee Global Brands
The new owner plans to sell Hi-Tec’s wholesale operations to a collection of global partners, who will then license the brand from Cherokee.
Evo Opens Denver Location
The new shop marks the third physical location for the Seattle-based outdoor and winter and action sports retailer best known for its online business.
JD Sports Acquires Go Outdoors
The Go Outdoors acquisition will complement JD Sports’ existing significant interest in the outdoor market through its Blacks, Millets, Ultimate Outdoors and Tiso banners.
Online, Mobile Sales Outperform On Black Friday
More online shopping, less in-store shopping — that was an easy prediction to make for the kickoff to the 2016 holiday shopping season. Just how big the shift came in surprised even the experts.
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