Wearable Tech Summit Returns to CES 2018, January 11
The second annual Wearable Tech Summit will take place at CES 2018 on Thursday, January 11.
Many Active Stocks Miss Market Rally In 2017
While the broader stock markets soared to record highs in 2017, many major stocks in the active lifestyle industry weren’t invited to the party.
Aisle Talk, Week Of December 25
Top headlines from the active lifestyle industry you may have missed this week.
DA Davidson Raises Price Targets On Sportsman’s Warehouse And Callaway Golf
DA Davidson raised its price target for Sportsman’s Warehouse due to the tax change and improving underlying trends as well as Callaway Golf due to its TopGolf investment.
Adidas Signs First Female Pro Skateboarder
Adidas welcomed Nora Vasconcellos to its roster of pro skateboard ambassadors, representing its first-ever female rider.
Gina Group Launches K-Swiss Legwear Collection
Said K-Swiss president Barney Waters, “As our footwear business is experiencing strong growth, it’s a good time to add brand extensions.”
B Riley Raises Price Target On Finish Line
“We believe management sounded more positive on the outlook for more innovation and product newness for the end of 2017/beginning of 2018, though new product will likely still have a smaller impact due to penetration until F2H19,” wrote analyst Susan Anderson in a note.
Under Armour Sued For Use Of “I Can”
Under Armour is facing a trademark infringement for using the words “I Can” as part of slogans on t-shirts by the alleged owner of the “Ican” trademark.
Callaway Golf Further Invests In Topgolf
In a regulatory filing, Callaway Golf Company said that it had invested an additional $20.0 million into Topgolf International, Inc., doing business as Topgolf Entertainment Group.
SurfStitch’s CEO Departs
SurfStitch Group, the Australia-based online action sports retailer that collapsed into voluntary administration in August, said its CEO, Mike Sonand, has stepped down.
Report: REI To Close Store In Schaumburg
REI will close its location in Schaumburg, IL on January 11, according to the Daily Herald.
Camber Outdoors To Hold Thought-Leadership Keynote
On Saturday morning, January 27, Outdoor Retailer show attendees can explore women’s leadership with CEO Pledge pioneers Donna Carpenter, CEO Burton, Sally McCoy, former CEO CamelBak, Jerry Stritzke, CEO REI, and Ken Meidell, CEO Dakine.
Maurice Sporting Goods To Be Acquired By Middleton Partners
Maurice Sporting Goods said Middleton Partners has been deemed the successful bidder for the company as part of its bankruptcy process.
Poll: National Park Fee Hikes Likely To Reduce Visits
A survey commissioned by Outdoors Alliance for Kids (OAK) found that 64 percent of Americans would be less likely to visit a national park if fees were increased.
Amer Sports To Take Write-Down Due To U.S. Tax Reform
Amer Sports said that because it has deferred tax assets of approximately $40 million in the U.S., the value of the company`s net deferred tax assets is expected to be reduced by approximately $13 million due to the federal tax rate change.
