Amazon Boasts Of Strong Holiday Selling
Amazon indicated it saw significant gains in sales of Alexa-enabled devices as well as growth in Prime membership over the holiday season. Top sellers among active products include the Asics men’s GEL Venture 5 Running Shoe, Fitbit Charge 2, Titleist Pro V1 Golf Balls, Wilson NFL MVP Junior Football and Spalding NBA Street Basketball.
Iconix Logs Steep Q3 Loss
Iconix Brand Group, as expected, posted a steep loss in the third quarter due to an impairment charge and indicated it will likely not be able to repay its convertible notes due March 2018.
Nike Skips Christmas Day NBA Jerseys
Nike incurred the wrath of social media for not coming out with special uniforms on Christmas Day for the first time in five seasons.
Bass Pro Details Some Merger Transition Details
In an 11-page document to Cabela’s employees in Sidney, NE, Bass Pro Shops CEO Johnny Morris said Bass Pro is continuing to work on evaluating which jobs will stay in Sidney. But Bass Pro indicated Cabela’s information technology division, credit card operation and a “significant” portion of Cabela’s accounting department will remain in Nebraska.
Ex-Adidas Officials Seek Dismissals In College Bribery Case
Two former Adidas execs, James Gatto and Merl Code, and a former AAU coach, Christian Dawkins, have filed a motion to have charges against them related to the college basketball corruption dismissed, ESPN.com reports.
Birkenstock CEO Rails against Amazon Over Knockoffs
Birkenstock’s CEO, Oliver Reichert in an interview with Spiegel news weekly condemned Amazon for failing to crack down on counterfeit goods.
Implus Helps Elementary School Class Donate 1,000 Pairs Of Socks To The Homeless
Students at Join Muir Elementary School in Santa Monica with Implus’ help were able to give 1,000 pairs of Sof Sole black crew socks to homeless people in Santa Monica.
Nike’s North American Struggles Continue In Q2
With strong double-digit growth overseas, Nike Inc. reported second-quarter earnings and sales that topped Wall Street’s expectations but growth in North America decelerated further in the period. Nike officials further indicated that it will take one or two quarters for growth to resume in the region.
Aisle Talk, Week Of December 18
Top headlines from the active lifestyle industry you may have missed this week.
U.S. Ski & Snowboard Designates Squaw Valley/Alpine Meadows As Official Training Site
U.S. Ski & Snowboard announced a five year agreement with Squaw Valley Alpine Meadows, designating the resort as an Official Training Site of the U.S. Ski & Snowboard Team. Squaw Valley Alpine Meadows joins Mammoth Mountain in California, Deer Valley in Utah, Copper Mountain in Colorado and Timberline Lodge in Oregon as one of only five official training sites across the country.
L.L.Bean Explores Blockchain Applications For Outerwear With LOOMIA Smart Textiles
The companies will explore how data from LOOMIA-enabled L.L. Bean apparel can assess the extended use and performance of the outdoor retailer’s products, and provide valuable insight on the use rate of products returned under L.L.Bean’s 100% satisfaction guarantee.
Chris Clawson Re-elected SFIA Chairman
New additions to the Board include: Mike Dowse (President; Wilson Sporting Goods), Jared Drinkwater (Chief Marketing Officer, BSN Sports), John Graham (President; Speedo USA), Fouzan Mansuri (Director and Category Leader for Sports & Fitness; Amazon), and Matt Stanton (Vice President; Global Public Policy; Under Armour, Inc.)
Finish Line Raises Guidance On Sales Uptick
While the selling climate remains highly promotional, Finish Line Inc. said an acceleration in sales in running and basketball helped support a lower-than-expected loss in the third quarter ended November 25, prompting the sneaker chain to raise its guidance for its fiscal year.
Nike’s Q2 Tops Street Targets Despite Continued North American Weakness
Nike Inc. reported earnings dropped in the second quarter but both earnings and sales topped Wall Street’s guidance. Sales rose 3 percent as double-digit growth in China and EMEA offset a 5 percent drop in the North America region.
Outdoor Retailer Releases Special Event Details For 2018 Winter Show
For the first time in the show’s history, the public is invited to the Fashion Show/concert and the Night of Stoke.
