Fitbit Nets Bullish Initiation Reports from Wall Street
With the quiet period following its June IPO lifted, a number of Wall Street firms sent out bullish reports on Fitbit, which has already more than doubled since going public on June 18. Four of the nine investment banks – Deutsche Bank, Stifel, SunTrust R
Running Race Participation Tapers Off
After experiencing 300 percent growth from 1990 to 2013, running event finishers in 2014 were slightly down from the all-time record set in 2013, according to Running USA. While the marathon and half marathon continue to grow, other distances declined…
Retail Sales Drop Unexpectedly in June
Retail sales in June, excluding autos, gasoline and restaurants, decreased 0.2 percent seasonally adjusted month-to-month while increasing a solid 3.1 percent unadjusted year-over-year…
Play It Again Parent Sees Higher Q2 Profits
Winmark Corp., the parent of Play It Again Sports, reported second-quarter earnings rose…
New Accelerator to Focus on Modernizing the Retail Experience
Parsons School of Design, Harvard’s i-lab and global management consulting firm Kurt Salmon are joining forces to create XRC Labs, a New York-based accelerator that will focus on modernizing the retail and consumer goods industry…
Garmin Lowers Fiscal Q2 Guidance, Cites Currency and Fitness Headwinds
Garmin Ltd. expects to report lower sales and margins for the fiscal second quarter ended June 27 due to currency headwinds and growing discounting in the rapidly growing fitness sector where its Vivosmart fitness tracker competes for shelf space with the
Cabela’s Inc. Closes $400 Million Securitization
Cabela’s Incorporated announced that Cabela’s Credit Card Master Note Trust successfully completed the sale of $400 million of asset-backed notes, series 2015-II…
Jarden Corp. Updates Q2 Guidance
Jarden Corp reported preliminary results for the second quarter indicate organic growth will exceed the company's targeted range of 3-5 percent. Adjusted earnings per share are expected to be in line with Wall Street consensus…
Loudmouth Lands MLB License
Loudmouth has come to terms on a license agreement with Major League Baseball to create a brand new collection of fashionable team fan wear for men and women…
Polar Bottle Joins Bike Cooperative
The Bike Cooperative has added insulated water bottle innovators Polar Bottle to its growing network of supplier partners…
Quiksilver’s Big Board Listing at Risk
Quiksilver Inc. has six months to boost its stock price or lose its listing on the New York Stock Exchange…
Aquafil Supplying Outerknown Nylon Recycled from Fish Nets
The Italian textile company Aquafil disclosed that it is supplying nylon recycled from reclaimed fish nets to Outerknown, a menswear apparel brand launched July 15 by 11-time World Champion surfer Kelly Slater…
STX and Play It Forward Sport Announce Semi-Professional Women’s Lacrosse League
Baltimore-based STX LLC, the maker of lacrosse, field hockey and ice hockey equipment, has partnered with Play It Forward Sport Foundation to launch the United Women’s Lacrosse (UWLX) league, a semi-professional, post-collegiate women’s lacros
Fanatics Partners with Tottenham Hotspur
Fanatics entered into a multi-year licensing deal with Tottenham Hotspur. The license enables Fanatics to sell a range of apparel and headwear through its online stores in USA and Canada, alongside an existing Tottenham Hotspur/Under Armour range…
Nike’s 11-Year Deal with Michigan Worth $169M
Nike's new deal with Michigan is valued at $169 million, university officials announced. The 11-year contract begins Aug. 1, 2016 and runs through 2027, with a school option to extend it to 2031. As reported last week, Nike will replace Adidas as the
