Former Black Diamond Equipment Business Leaders Launch Reasonworx
Robert Fry and Jeff Roche, both former executives at Black Diamond Equipment, have launched Reasonworx, a new type of business development collective.
NRF: Holiday Sales Grew 5.5 Percent
Holiday sales during November and December increased 5.5 percent over the same period in 2016 to $691.9 billion as growing wages, stronger employment and higher confidence led consumers to spend more than had been expected, the National Retail Federation said.
Will Puma Be Better Off On Its Own?
On a call with media, Bjørn Gulden, CEO of Puma, said the spinoff from Kering will enable Puma to “continue with our current business strategy that has started to show some good results. We would be able to carry on to invest in becoming the fastest sports brand in the world to create value for our retailers, to improve performance for outlets and, of course, excite consumers.”
Aisle Talk, Week Of January 8
Top headlines from the active lifestyle industry you may have missed this week.
Sam’s Club To Close 63 Locations
The company will convert up to 12 of the impacted clubs to eCommerce fulfillment centers in a move that will speed delivery of online orders, with the balance of the facilities closing over the next few weeks.
Vail Resorts Sees Challenging Start To Ski Season
Vail Resorts Inc. reported season-to-date total skier visits for the company’s North American mountain resorts were down 10.8 percent compared to the prior year season-to-date period, impacted by low snow levels in the western regions.
Wolverine World Wide Sued For Leaking Chemical Contaminants In Water
The state of Michigan sued Wolverine World Wide toto reimburse the government for past and future costs of chemical contaminants in drinking water.
Shiekh Shoes Battles Over DIP Financing Replacement
Shiekh Shoes, in bankruptcy proceedings since November 29, is seeking court approval for a new $5 million term loan on more generous terms from the owner’s brother to replace its debtor-in-possession facility. However, Comvest, a junior secured lender, has objected to the new financing and is pushing for a liquidation.
Asics Signs Novak Djokovic As Footwear Ambassador
Asics announced a partnership with world class tennis player, Novak Djokovic to celebrate the launch of an exclusive new tennis shoe, the Gel-Resolution Novak.
Columbia Sportswear Names Ethan Pochman VP Of Marketing
Ethan Pochman joins the brand from Performance Health, a private health and wellness consumer products company, where he served in several leadership roles since 2008, including vice president of sales and marketing, and vice president of global marketing.
Tough Mudder Unveils 2018 New Obstacles
Tough Mudder Inc., announced a new twist on obstacles for the 2018 event season by unveiling the biggest structure to ever hit the obstacle course racing industry, Happy Ending, presented by Merrell, and Kong Infinity, the first obstacle in company history to be designed by members of the global tribe of more than 3 million Mudders.
Kering To Spin Off Majority Stake in Puma
Luxury group Kering said it intends to spin off a majority stake in Puma by distributing the stake to its own shareholders. The spinoff is expected to lead to a greater free float of Puma stocks, providing investors an enhanced possibility to invest in Puma, and allowing the company to reaffirm its business strategy.
Climate Change Expert To Keynote OIA Industry Breakfast
The Outdoor Industry Association (OIA) is partnering with Snowsports Industries America (SIA) and Protect our Winters (POW) to present Paul Hawken, the executive director of Project Drawdown. Colorado Governor John Hickenlooper and Denver Mayor Michael Hancock will provide welcoming remarks to attendees of the Denver show.
NRF 2018: Retail’s Big Show Debuts New Events and Expanded Programming
The National Retail Federation announced new programming and event updates for its flagship annual conference, NRF 2018: Retail’s Big Show, which begins this weekend in New York City.
Yue Yuen’s December Revenues Climb 4.4 Percent
Yue Yuen reported sales in December rose 4.4 percent to $794.6 million from $760.9 million.
