OIA Pens Letter To New Commerce Secretary
OIA’s Executive Director Amy Roberts sent a letter to Secretary Ross congratulating him on his confirmation and outlining the priorities of the outdoor industry’s trade agenda.
Pearl Izumi Welcomes New President
Chris Sword will replace Mike O’Connor, who served as president before retiring in December 2016.
5.11 Tactical Delivers Double-Digit Growth In Q4
Compass Diversified Holdings reported sales at 5.11 Tactical rose 19 percent in its fourth quarter while Liberty Safe’s fourth-quarter revenue rose 7 percent.
Aisle Talk, Week Of February 27
Top headlines from the active lifestyle industry you may have missed this week.
Buckles February Comps Tumble
The Buckle Inc. announced that comparable store net sales, for stores open at least one year, for the 4-week period ended February 25, 2017 decreased 23.2 percent.
BCBG Files For Bankruptcy
“Like many other apparel and retail companies, BCBG has fallen victim in recent years to adverse macro-trends, including a general shift away from brick-and-mortar to online retail channels, a shift in consumer demographics away from branded apparel,” Chief Restructuring Officer Holly Felder Etlin.
Bearpaw To Expand Into Accessories
Bearpaw formed a new licensing agreement with Quagga Accessories for wearables, hats, scarves, vests and more.
Backwoods Finds Buyer
Jennifer Mull, previous CEO of Backwoods Retail, Inc. has agreed to a consulting arrangement with the new company.
Sequential Brands Narrows Q4 Loss
Sequential Brands Group sharply narrowed its fourth quarter while showing a 44 percent hike in revenues.
Finish Line Sells JackRabbit For Nothing
As part of the sale agreement, Finish Line made a payment of $8.3 million into the JackRabbit business as part of pre-closing restructuring and must make an additional $700,000 payment to the buyer, CriticalPoint Capital, on or before September 30, 2017.
Aetrex Worldwide Acquires SOLS Systems
Founded in 2013 and based in New York, NY, SOLS’ technology improves the fit and function of footwear.
Sport Chek Opens First Women’s-Only Store
Sport Chek opened its first women’s-only store in Calgary. Called Sport Chek Women, the 16,000-square-foot store was designed by an all-female team at the Canadian retailer.
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.
