Why Did Mission Apparel Launch On Amazon?
Josh Shaw, founder and CEO of Mission, said, “Mission had a handful of options to launch the new Mission Cooling Apparel line, but none compared to the synergy we saw in Amazon.”
Why Is On Leaving Amazon?
Caspar Coppetti, co-founder and global head of sales, On, stated, “The biggest issue with Amazon is lack of control over the story and experience we know that On customers appreciate. It also doesn’t support our specialty run doors.”
Dick’s Amps Up Price Match Guarantee
Dick’s Sporting Goods on Monday launched an expanded price-match policy that matches nearly all competitor’s online and offline prices, including Amazon, Wal-Mart and vendor websites.
Puma Raises FY Guidance On Q2 Momentum
Puma said it now expects that currency adjusted sales will increase between 12 percent and 14 percent. Previous guidance called for a currency adjusted increase at a low double-digit percentage rate.
How Do The Outdoor Retailer Changes Affect The Media?
While much of the attention has focused on the needs of vendor and retailers, the earlier dates, combined winter show and Outdoor Retailer’s move to Denver will also impact the wide range of media attending the shows. But they don’t solve the challenges caused by the shows becoming more consumer-oriented.
Aisle Talk, Week Of July 10
Top headlines from the active lifestyle industry you may have missed this week.
Jack Wolfskin Sold To Debt Holders
The debt for equity exchange will significantly reduce the outerwear manufacturer’s debt and arrives after a sales process found no serious bids.
Havaianas Fetches $1.1 Billion In Sale
The sale of the stake was expected as J&F Investimentos, the controlling shareholder of Alpargatas that handles the fortune of the billionaire Batista family, has been hit by a series of corruption scandals.
Dick’s C-Level Continues To Undergo Revamp
Dick’s Sporting Goods’ hiring of Scott Hudler, formerly of Dunkin’ Brands, as SVP and chief marketing officer comes on top of a number of exec changes earlier in the year and underscores the sporting goods chain’s continued commitment to its omnichannel push.
Weak Second Quarter Growth Fails To Lift Outdoor Apparel Out Of The Red In 2017
It’s been a year of weak gains lately in the U.S. outdoor apparel market this year as sales growth of less than one percent in the calendar second quarter was not enough to offset the low- to mid-single-digit declines posted in the first quarter of the year, according to SSI Data.
Cornell University Ends Relationship With Nike Over Alleged Labor Issues
In response, Nike said in a statement that it’s “Code of Conduct meets or exceeds international standards set by the International Labour Organization’s conventions and while it is not possible to implement individual codes for over 1000 partner schools, we often find common ground that meets our shared expectations and enables us to move forward.”
Hydro Flask Delivers Strong Double-Digit Growth In Q1
Helen of Troy’s CEO Julien Mininberg said Hydro Flask’s “new spring season refresh continues to build excitement and results with new products, expanded color assortments, increased shelf and display space, new distribution games including international.”
Industry Excited About Outdoor Retailer’s Move To Denver
While many thanked Salt Lake City for hosting the show for the past 22 years and commiserated with their loss, most of the Outdoor Retailer show veterans reached out to by SGB Exec were thrilled with the decision to move the event to Denver for the next five years.
Aisle Talk, Week Of July 3
Top headlines from the active lifestyle industry you may have missed this week.
Cherokee Shares Tumble On Q1 Loss, Covenant Violation
Shares of Cherokee Global Brands were trading down $2.85, or 37 percent, to $4.90 in mid-day trading Friday after the company reported a surprise first-quarter loss and said it was seeking amendments to comply with certain covenants in its credit facility.
