NRF/University Of Florida Survey: Retail ‘Shrink’ Decreased In 2017
Thefts, fraud and losses from other retail “shrink” decreased to $46.8 billion in 2017 from $48.9 billion the year before as shoplifting and organized retail crime continued to be the leading causes, according to the annual National Retail Security Survey released Wednesday by the National Retail Federation and the University of Florida.
Clarus Extends Tender Offer
Clarus Corporation announced today that the company is extending the expiration time of the company’s previously announced tender offer.
Spy Partners With Locally
Through a technology platform powered by Locally, Spy now delivers an online-to-offline shopping experience that showcases immediate local availability on the same page as the products being viewed.
Crocs Appoints Bill Gray To Board Of Directors
Crocs Inc. announced that Bill Gray has been appointed to the company’s board of directors. Gray has served as a senior advisor to Blackstone’s Private Equity Group since 2010.
Deckers Brands Appoints Two New Independent Directors
Deckers Brands announced the appointment of Brian A. Spaly and Cindy L. Davis to the company’s board of directors. Coinciding with these appointments, Deckers also announced that Karyn O. Barsa has resigned from the Board.
Montane Expands U.S. Sales Force In Key Markets
Neskowin Outdoor Inc., the North American brand management and distribution firm for Montane, a leading U.K.- based technical apparel brand, announced the expansion of the brand’s North America sales presence.
Active Lifestyle Vendors Deliver Robust Q1
A wide majority of vendors in the actve lifestyle space reported first-quarter results that topped Wall Street’s expectations with many raising guidance for the year. Among brands, Vans, Champion, Puma and Callaway Golf stood out with healthy double-digit top-line growth but earnings from Nike, Deckers Outdoor, Columbia Sportswear and Wolverine Worldwide all easily topped Wall Street’s targets.
May M&A Roundup: Shakeup In Firearms, Outdoor Sectors
Although May was a relatively slow month for mergers and acquisitions activity in the outdoor and active lifestyle space, a few eye-opening transactions dominated headlines because they fell outside the scope of traditional deals.
Gerber Appoints Andrew Gritzbaugh As General Manager
Knife and multitool maker Gerber has appointed Andrew Gritzbaugh as general manager. He will be based in the company’s Portland, OR, headquarters.
L.L.Bean Partners With Hike It Baby
L.L.Bean entered into a three-year partnership with the nationally recognized non-profit organization Hike it Baby. L.L.Bean will be the Presenting and Founding Partner of the Trail Network.
Rossignol Partners With IDG Capital To Support China Growth
The Rossignol Group signed an agreement with IDG Capital, a leading China focused investment firm with U.S. origins and global presence. Through a capital increase leading to a 20 percent ownership in the company, IDG Capital will use the company’s expertise to support the development of the French group on the Chinese market.
Vail Resorts To Acquire Four Ski Resorts
Vail Resorts Inc. has agreed to acquire Triple Peaks LLC, the parent company of Okemo Mountain Resort in Vermont, Mount Sunapee Resort in New Hampshire and Crested Butte Mountain Resort in Colorado. In a separate transaction, Vail is acquiring Stevens Pass Resort in Washington.
RILA Warns Of Downstream Impact Of Steel And Aluminum Tariffs
RILA (Retail Industry Industry Leaders Association) said the Trump Administration’s announcement that it will impose new steel and aluminum tariffs has “created a three-front trade war, targeting NAFTA, China, and now the European Union, with no resolution to any of these disputes in sight.”
OIA Concerned Over Steel And Aluminum Tariffs
In a statement, Rich Harper, manager of international trade at the Outdoor Industry Association (OIA), warned that tariffs could “significantly” raise costs for products like trekking and ski poles, tent frames, carabineers, crampons, stoves and other products made in the U.S. by outdoor companies that source steel or aluminum from the Canada,, Mexico and the European Union.
Chinook Footwear Appoints U.S. Representation
Chinook Footwear announced the hiring of Kittredge & Associates as the brand’s sales representatives for the entire U.S.
