Amer Sports To Take Write-Down Due To U.S. Tax Reform
Amer Sports said that because it has deferred tax assets of approximately $40 million in the U.S., the value of the company`s net deferred tax assets is expected to be reduced by approximately $13 million due to the federal tax rate change.
Anta Unveils China Winter Olympic Uniforms
Anta Sports Products Limited announced that the launch ceremony of the PyeongChang 2018 award ceremony outfit for the Chinese Sports Delegation took place at the General Administration of Sport of China in Beijing.
Bass Pro Hints At Impending Layoffs At Cabela’s
In a letter to Cabela’s employees, Bass Pro Shops CEO Johnny Morris wrote that Cabela’s sales have been underperforming over the last few years and the overall company has been “under the weight of an extremely heavy corporate payroll.” The document also revealed a few details of the transition process as a result of the Bass Pro/Cabela’s merger.
Mastercard SpendingPulse: Retail Sales Grew 4.9 Percent This Holiday Season
Mastercard SpendingPulse reported that holiday sales increased 4.9 percent this year, setting a new record for dollars spent. The gain marked the largest year-over-year increase since 2011. Online shopping also saw large gains of 18.1 percent compared to 2016, boosted by a late season rally.
The Nature Conservancy in Colorado Allies With Backbone Media
The Nature Conservancy in Colorado announced a new partnership with Backbone Media.
Bass Pro Details Some Merger Transition Details
In an 11-page document to Cabela’s employees in Sidney, NE, Bass Pro Shops CEO Johnny Morris said Bass Pro is continuing to work on evaluating which jobs will stay in Sidney. But Bass Pro indicated Cabela’s information technology division, credit card operation and a “significant” portion of Cabela’s accounting department will remain in Nebraska.
Birkenstock CEO Rails against Amazon Over Knockoffs
Birkenstock’s CEO, Oliver Reichert in an interview with Spiegel news weekly condemned Amazon for failing to crack down on counterfeit goods.
Aisle Talk, Week Of December 18
Top headlines from the active lifestyle industry you may have missed this week.
U.S. Ski & Snowboard Designates Squaw Valley/Alpine Meadows As Official Training Site
U.S. Ski & Snowboard announced a five year agreement with Squaw Valley Alpine Meadows, designating the resort as an Official Training Site of the U.S. Ski & Snowboard Team. Squaw Valley Alpine Meadows joins Mammoth Mountain in California, Deer Valley in Utah, Copper Mountain in Colorado and Timberline Lodge in Oregon as one of only five official training sites across the country.
L.L.Bean Explores Blockchain Applications For Outerwear With LOOMIA Smart Textiles
The companies will explore how data from LOOMIA-enabled L.L. Bean apparel can assess the extended use and performance of the outdoor retailer’s products, and provide valuable insight on the use rate of products returned under L.L.Bean’s 100% satisfaction guarantee.
Diamond Brand Names Darby Communications As PR Agency Of Record
The manufacturer of outdoor gear selected Darby Communications as its PR agency of record, effective immediately.
Outdoor Retailer Releases Special Event Details For 2018 Winter Show
For the first time in the show’s history, the public is invited to the Fashion Show/concert and the Night of Stoke.
The North Face Files Lawsuit Over Gander Outdoors Trademark
The North Face has filed a lawsuit against Camping World Holdings, charging that its new Gander Outdoors logo infringes on its “Summit Series” design mark.
Tecnica Finds New Equity Partner
The Zanatta family and Italmobiliare have finalized the deal whereby Italmobiliare becomes a shareholder of Tecnica Group, the maker of outdoor footwear and ski equipment. The transaction, which is based on a €60 million financial commitment part regarding a capital increase and debenture loan for Tecnica and part related to the direct purchase of a stake from the Zanatta family, allows Italmobiliare to own 40 percent of Tecnica Group.
The Conservation Alliance Decries Arctic Refuge Drilling Bill
Said John Sterling, executive director of The Conservation Alliance, in a statement, “”Congress has once again ignored the will of the American people by voting to open our greatest national wildlife refuge to oil drilling.”
