Crocs Profits Recover, Revenues Stagnate
While Crocs’ third quarter showed that its bottom-line to benefit from cost-cutting initiatives and focus on higher-margin sales, top-line growth remains a struggle and management inferred that sales would be flat in 2018.
New Balance Sued By Manchester United Star
New Balance said it plans to “vigorously defend itself” against a lawsuit from Manchester United’s Marouane Fellaini charging its boots injured his feet.
Nike Re-Signs Giannis Antetokounmpo
Nike has signed Giannis Antetokounmpo to a “long-term partnership,” according to tweet from the Milwaukee Buck’s star player.
Outside’s Best Places to Work 2017 Arrives
Peak Design, SportRx, Nuun, Powder7, Eagle Creek, SlideBelts, Toad and Co. and DryCase each earned a spot on Outside magazine’s Best Places to Work 2017.
Zappos Launches Curated Sneaker-Shopping Experience
Zappos.com has launched The_ONES, a new retail concept celebrating the classics, starting with classic sneakers. It encompasses a new online hub (FindTheOnes.com), shoppable Instagram (@The_ONES), and limited-time “pop-ins” in premium boutiques.
OIA Responds to Formation Of Outdoor Recreation Advisory Committee
OIA wrote, “We believe the best way to invest in, expand access to and improve infrastructure on our nation’s public lands is through the protection of those public lands, including keeping our national monuments intact.”
BOBS from Skechers Roving Rescue Bus Arrives In New York City
BOBS from Skechers has partnered with national animal welfare organization Best Friends Animal Society to transport 25 adoptable dogs from Houston to rescue groups along the East Coast.
Acushnet’s Q3 Boosted By 4.6 Percent Sales Gain In U.S.
Acushnet Holdings Corp., which owns Titleist and FootJoy, reported a profit in the third quarter against a loss a year ago due to improved margins and lower interest expense. Sales improved 2.3 percent.
Wolverine’s Q3 Profits Slump On Charges
Wolverine Worldwide Inc. reported earnings fell 51.9 percent on restructuring activities around its Wolverine Way Forward program, but adjusted earnings declined slightly and exceeded Wall Street’s target. Wolverine also raised its operating margin goal for 2018.
Secretary Zinke Announces Creation Of “Made in America” Recreation Advisory Committee
U.S. Secretary of the Interior Ryan Zinke announced the establishment of the “Made in America” Recreation Advisory Committee. The Committee will advise the Secretary of the Interior on public-private partnerships across all public lands, with the goal of expanding access to and improving infrastructure on public lands and waterways.
REI And POWDR Partner Around Adventure Programs
During the winter, REI Outdoor School guides will lead experiences such as snowshoeing, fat biking, and winter hikes, and social outings like mountain mixology. In summer, participants will be able to mountain bike, learn wilderness medicine, camp, and hike.
Under Armour Upgraded Due To Re-Accessed Expectations
In a note, Susquehanna analyst Sam Poser that while Under Armour’s business “will be challenging for some time,” the downside to owning the stock is “more limited as UAA may have set the bar low enough to allow the company to hit the reset button.”
Neil Cole Forms Tech Firm
Neil Cole, former chairman and founder of Iconix Brand Group, Inc., announced the formation NextRev Commerce, a venture incubated by Cole’s newly launched company, Next Retail Concepts.
Lands’ End Becomes Official Outfitter Of The Weather Channel
The Weather Channel television network and Lands’ End announced a two-year partnership that will integrate the apparel brand into The Weather Channel’s live in-the-field coverage. Lands’ End will outfit the network’s on-camera meteorologists in outerwear and apparel.
Academy Sports Opens Sixth Central Florida Location
Academy Sports + Outdoors opened its newest store in Orlando.
