Boulder Cycle Sport Merges With Boulder Nordic Sport
Boulder Cycle Sport and Boulder Nordic Sport, two Boulder-based retail leaders, announced the merger of their business operations.
Moody’s Downgrades Academy’s Debt Ratings
The downgrade of the term loan reflects the company’s lower estimated recovery rate as a result of the recent asset-based revolver upsize. At the same time, the affirmation of the CFR and PDR reflects Moody’s view that while leverage is likely to remain elevated, Academy’s good liquidity provides the company with flexibility to turn around its operating performance.
Nike Celebrates Tiger Woods First Win In Five Years
Nike released some clever imagery honoring Tiger Woods and his victory at the recent PGA Tour Championship, his first PGA event win since 2013.
Stifel’s Inaugural Athletic Survey Shows Positive Spending Intentions
Stifel’s inaugural Athletic Apparel and Footwear Consumer Survey points to higher spending intentions for both athletic apparel and footwear in the next six months. Nike not surprisingly ranked as the preferred athletic brand across footwear and apparel categories but Under Armour, Adidas, Champion, New Balance, Vans, The North Face and Skechers are all resonating with key constituencies.
Retail Reports Roundup
Studies arrived last week including Nike dominating apparel brands’ preferences, mixed views on social commerce, AI benefits to supply-chain efficiency, wide-ranging checkout opportunities and free delivery’s expanding appeal as well as another merry holiday forecast.
Farfetch Soars In IPO Debut
Shares of Farfetch, the London-based luxury online marketplace, jumped more than 50 percent in the company’s initial public offering debut Friday.
Asics Funds Five Startups Under Tenkan-Ten Inititiatve
Asics announced five start-ups to benefit from Tenkan-Ten, the growth catalyst program for businesses disrupting the sports and wellbeing sector. It is a part of the company’s recently launched new business and innovations division.
New Balance Donates To UMass Boston
The University of Massachusetts Board of Trustees unanimously approved the creation of the Dr. J. Keith Motley Chair for Sports Leadership & Administration at UMass Boston. The chair will head a new sports management and leadership Bachelor of Arts program enabled by a $5 million pledge, the largest in UMass Boston history, from Boston-based New Balance.
Asics Listed On Dow Jones Sustainability Asia/Pacific Index
Asics Corporation has been selected for the fourth time as a component company of the Dow Jones Sustainability Asia/Pacific Index. The Dow Jones Sustainability Indices (DJSI) are a series of globally-recognized Socially Responsible Investment (SRI) indices.
Aisle Talk Week of September 17
Top headlines from the active lifestyle industry you may have missed this week, including sales growth at Gregory Mountain Products and High Sierra helping Samsonite International S.A.’s financial performance in the six months ended June 30.
Wall Street Reacts Positively To Under Armour’s Job Cuts
Shares of Under Armour Inc. rose $1.24, or 6.6 percent, to $20 at market close Thursday following the company’s early morning announcement that the company would increase the number of job cuts as part of a broader restructuring plan.
Skechers Downgraded On Inventory, Foreign Exchange Concerns
Shares of Skechers USA sunk $1.26, or 4.5 percent, to $26.58 Thursday after Cowen & Co. lowered the company’s rating on the stock to “market perform” from “outperform” due to concerns over high inventories and foreign currency headwinds.
Mizuno Brings Back Project Zero
In its second year, Project Zero, a partnership with Fleet Feet and Breast Cancer Research Foundation, highlights personal stories of strength, perseverance and support, while donating a portion of proceeds from each purchase of the special edition Bcrf Waveknit R2 running shoes and other BCRF branded gear.
Descente Hires Fritz Taylor To Run North American Group
Descente has established a wholly-owned North American subsidiary led by industry veteran, Fritz Taylor, that will seek to expand the Japanese athletic apparel brand beyond ski channels.
Kamik Survey: Children Spending 35 Percent Less Time Playing Freely Outside
Kamik, the Canadian footwear and apparel manufacturer, announced new survey result findings that indicate a significant decrease in outdoor play among children ages 3-12.
