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.
Outdoor Retailer Makes Denver Its New Home
After a confidential request for proposal (RFP) process, Denver was officially selected as the new OR host city at a press conference held in the City Park Rose Garden this morning.
Bass Pro/Cabela’s Merger Gains FTC Approval
In a regulatory on Wednesday, Cabela’s said the Federal Trade Commission informed the company on July 2 that it had closed its investigation of Bass Pro’s $5 billion buyout.
Simms Fishing Gains Minority Investment
Simms Fishing Products, headquartered in Bozeman, MT, has secured a minority investment from Castanea Partners. Terms of the transaction were not disclosed.
Nike Confirms Sales Through Amazon As Q4 Tops Expectations
“As we do with all of our partners, we’re looking for ways to improve the Nike consumer experience on Amazon by elevating the way the brand is presented and increasing the quality of product storytelling,” said Mark Parker, chairman, president and CEO, on a conference call with analysts.
Aisle Talk, Week Of June 26
Top headlines from the active lifestyle industry you may have missed this week.
Helly Hansen Upbeat About 2017 Following Strong 2016
Helly Hansen said all countries moved to profitability in 2016, including the USA for the first time.
