Athleta Announces New Outlet Store Format
Athleta, owned by Gap, Inc., announced it would introduce two outlet stores this year, with a debut at Chicago Premium Outlets in Illinois this summer and Leesburg Premium Outlets in Virginia this fall.
On, Patagonia, Puma, And Salomon Partner With Carbios To Advance Circularity
On, Patagonia, Puma, and Salomon have signed an agreement with Carbios, a French end-of-life plastics recycling company, to develop solutions to enhance the recyclability and circularity of their products.
Helen Of Troy Lowers Fiscal Year Outlook
Helen of Troy, which owns Hydro Flask and Osprey, reported that first-quarter results exceeded expectations but lowered its outlook for the year due to deteriorating macroeconomic conditions. Sales for its fiscal year are now expected to decline in the range of 3.3 percent to 1.0 percent versus previous expectations of a gain in the range of 6.8 percent to 8.8 percent.
Jack Wolfskin Acquires Polish Distributor
Jack Wolfskin, based in Idstein, Germany, and owner by Callaway Golf, announced it acquired FAM Sp. K., the Polish distributor for the brand for the past 24 years.
Deckers Brands Appoints President Of Fashion Lifestyle
Deckers Brands announced the appointment of Anne Spangenberg as president of Fashion Lifestyle, which includes Ugg and Koolaburra. Most recently, Spangenberg was global vice president of merchandising for Nike Inc.
OBIT: Lamiglas’ Thomas Posey
Thomas Posey, president and CEO of Lamiglas, the maker of fishing rods and equipment based in Woodland, WA, has passed away in a plane crash.
Camping World’s Acquisition Of Bowling RVs Falls Through
Due to unforeseen circumstances, Camping World Holdings, Inc.’s previously-announced acquisition of Bowling Motors and RV Sales fell through, according to a press release from Bowling.
Vista Outdoor To Acquire Fox Racing
Vista Outdoor, Inc. announced it had entered into a definitive agreement to acquire Irvine, CA.-based Fox Racing, the manufacturer of motocross, mountain bike and lifestyle-related gear, at a purchase price of $540 million, with the potential for an additional $50 million earnout based on the company’s financial performance.
Stan’s NoTubes Founders Retire, Zabel Companies Future Partners
Stan’s NoTubes announced the departure of its founders Stan and Cindy Kaziatek. Company president and longtime brand development partner Mike Bush will remain as president and CEO with support from new investment partners, Zabel Companies.
National Park Trust Announces New Board Chair
Bill Brownell, the longtime chair of the National Park Trust’s Board of Trustees, is stepping down after 16 years. Scott Stone succeeds Brownell.
Specialized Establishes European Innovation Hub
Specialized, the cycling brand based in Morgan Hill, CA, announced that Germany’s Denk Engineering had joined the company, forming the Specialized Freiburg Innovation Center.
GSM Outdoors Acquires SteelShad Lures
GSM Outdoors announced the acquisition of SteelShad Lures. Founded in 2016, SteelShad is known for its bladed bait design.
GSM Outdoors Acquires Buckeye Lures
GSM Outdoors has acquired Buckeye Lures. Originally founded in 2000, Buckeye is known for its Spot Remover jig.
Lululemon Launches In Spain
Lululemon Athletica, Inc. announced plans to open its first two stores and a local e-commerce site in Spain. Spain is a new European market for the brand since 2019.
Sustainable Apparel Coalition Pauses Transparency Program
The Sustainable Apparel Coalition (SAC) has put its consumer-facing transparency program on pause after a report found that some of its tools to be misleading about eco-marketing claims.
