NSGA Applauds Congress For Reintroducing PHIT Act
NSGA President & CEO Matt Carlson said. “Passing PHIT will help remove an important barrier to being active, that of cost. Active Americans are healthier, and healthier people will help reduce the crushing burden on our healthcare system.”
OIA Applauds DOI Secretary Confirmation
The Outdoor Industry Association congratulated Congressman Ryan Zinke (R-MT) for his confirmation by the U.S. Senate as the 52nd secretary of the Department of the Interior (DOI).
Finish Line Completes Sale of JackRabbit
The Finish Line has closed its sale of JackRabbit, its unprofitable specialty run business, to CriticalPoint Capital, LLC, the Los Angeles based private investment firm. The purchase price was zero, according to a regulatory filing.
Kohl’s To Launch Massive Under Armour Advertising Push
Kohl’s will begin airing this week three 30-second TV broadcast spots to support its launch of the Under Armour brand in its stores, according to Advertising Age.
Play It Again’s Parent Sees Q4 Earnings Gains
Fourth quarter 2016 net income was $6.2 million, or $1.41 a share, compared to net income of $5.7 million, or $1.31, for the same period last year.
Skechers Performance Returns As Title Sponsor Of Los Angeles Marathon
This year, Skechers Performance launched Road to Los Angeles – a global marketing initiative that offered Skechers international partners the opportunity to partake in the marathon with a VIP experience.
Crocs To Shutter A Quarter Of Its Locations
Gregg Ribatt will step down on June 1 and will be replaced by Andrew Rees, who joined Crocs two years ago as president. Ribatt will remain on the company’s board.
SFIA Urges Passage Of PHIT Act
“We are at a critical juncture in the national debate on healthcare and the PHIT Act is a potential game-changer,” said Tom Cove, SFIA President and CEO.
Dick’s Sporting Goods Opens Two New Stores
The retailer will celebrate the opening of new locations in Norwalk, CT and Sunnyvale, CA.
Big 5 Boosted By Competitor Exits
“We’re very encouraged that the profit and sales momentum has continued and actually accelerated into the first quarter of fiscal 2017,” CEO Steven Miller said on a conference call with analysts.
Balega Beefs Up Domestic Sales Team
The performance sock brand is expanding its domestic sales team with five new representatives.
Zalando Acquires Kickz
Zalando, Europe’s biggest pure online fashion retailer, made its first move into physical stores with the acquisition of streetwear retailer Kickz.
Crocs Posts Q4 Loss, Sets CEO Succession
Crocs Inc., as expected, reported a steep loss in the fourth quarter while improving its margin rate. The company also announced that Andrew Rees, president, in June will replace Gregg Ribatt as CEO as part of a number of organization changes.
Backwoods Sells Neptune Mountaineering
Backwoods, which entered into bankruptcy proceedings last November, has sold Boulder’s Neptune Mountaineering to Shelley and Andrew Dunbar.
Steve Madden’s Q4 Profits Boosted By Fatter Margins
Steve Madden reported earnings rose 11.7 percent in the fourth quarter as improved margins offset a modest sales decline.
