L.L. Bean Chairman Joins UNH Foundation
Shawn Gorman ’89 — who is only the third chairman in L.L. Bean’s century-plus history — is now the newest member of the UNH (University of New Hampshire) Foundation’s board of directors.
K-Swiss Supports PHIT America
PHIT America announced that K-Swiss is the latest brand in the sports industry to support PHIT America’s national efforts to help get young children get active, moving, and physically fit.
Macy’s Executive Chairman Terry Lundgren To Retire
Macy’s Inc. announced that Executive Chairman Terry Lundgren will retire from the board of directors effective Jan. 31, 2018. The board has appointed Jeff Gennette, who has been CEO since March 2017, to the additional role of Chairman effective Jan. 31, 2018.
Deckers Reminds Stockholders To Vote For Deckers’ Nominees
Deckers Brands again issued a press release urging stockholders to vote TODAY “FOR” ALL of Deckers’ nominees on the WHITE proxy card at its annual meeting on December 14.
VF Corp. Announces New Sustainability & Responsibility Strategy
VF Corp. announced its new global sustainability and responsibility strategy, Made for Change. Made for Change outlines VF’s aspirations for advancing environmental and social improvements across its business, portfolio of brands, global supply chain and communities worldwide.
Aisle Talk, Week Of December 4
Top headlines from the active lifestyle industry you may have missed this week.
BSN Sports Acquires Portion Of Hibbett Team Sales
Continuing its rapid consolidation of the team channel, BSN Sports completed the acquisition of a portion of the assets of Hibbett Team Sales Inc. (HTS), based in Birmingham, AL.
Wolverine Partners With Academy Sports In Boot Donation
Wolverine partnered with Academy Sports + Outdoors to give over 300 students enrolled in the School of Construction Technology at Oklahoma State University Institute of Technology [OSUIT] a pair of work boots, as well as lunch and other giveaways.
New Balance Sees Tax Reform Boosting Domestic Production
New Balance issued a statement commending U.S. Sen. Susan Collins, R-Maine, for her support of the Republican-led tax reform legislation approved by the Senate early Saturday morning, according to MaineBiz.
Iconix To Absorb Impairment Charge
Iconix Brand Group Inc. reported preliminary financial results for the third quarter and also said will recognize a non-cash intangible asset impairment charge of approximately $500 million to $750 million primarily related to the women’s segment.
Cowen Cuts Adidas’ Estimates On North America Growth Concerns
Cowen lowered its estimates on Adidas for 2018 due to its belief that Nike’s product cycle is improving, heightened promotions are being seen in North America on the Adidas brand, and a possible moderation in Europe.
BSN Sports Acquires Portion Of Hibbett Team Sales Assets
BSN Sports completed the acquisition of a portion of the assets of Hibbett Team Sales Inc. (HTS) based in Birmingham, AL.
Vail Resorts Sees Robust Early Season Pass Sales
Vail Resorts Inc. reported season pass sales for the North American ski season are up approximately 14 percent in units and approximately 20 percent in sales dollars through December 3, 2017.
Cherokee Cuts Guidance, Eyes Growth In 2018
Henry Stupp, CEO, said the company’s acquisition of Hi-Tec has been “undoubtedly more costly and time-intensive than we originally forecasted.” The flagship Cherokee’s brand transition away from Target is taking longer than expected while Tony Hawk’s revenues are being impacted by weakness in Canada.
Nike Names Four New WHQ Buildings
Two buildings honor champion Nike athletes Serena Williams and Sebastian Coe, and a new fitness center is named after Coach Mike Krzyzewski.
