REI To Close Again On Black Friday
For the third year running, REI has announced that it will close its 151 stores on Black Friday, process no online sales and pay all 12,000 employees to #OptOutside with family and friends. The retailer also introduced a new experiential search engine at REI.com/opt-outside to help inspire and enable people to get outside.
Bogs Sales Drop 4 Percent In Q3
Weyco Group Inc. said Bogs sales declined due to lower sales with outdoor retailers.
Trump To Shrink Size Of Utah National Monuments
President Donald Trump plans to reduce the boundaries of the Bears Ears and Grand Staircase-Escalante national monuments in Utah.
UPS Forecasts Another Record-Breaking Holiday Shipping Season
UPS plans to deliver more than 750 million packages globally in the 25 days between Thanksgiving and New Year’s Eve. The record-breaking seasonal global delivery volume is approximately 5 percent above last year’s holiday peak shipping season volume.
GoPro Expands Engineering Office In Bucharest
GoPro Inc. will be expanding its presence in Bucharest, Romania with a move to a larger office space in Timpuri Noi Square.
NRF: Holiday Sales To Rise 3.4 Percent
Consumers will spend an average $967.13 during the holiday season this year, according to the annual survey conducted by Prosper Insights & Analytics for the National Retail Federation. That’s up 3.4 percent from the $935.58 consumers said they would spend when surveyed at the same time last year.
VF Corp. Upbeat For Holiday
In an interview with SGB. Steve Rendle, president and CEO of VF Corp., said that while October started “a little slow,” sales have picked up as “the weather began to become more fall like” and the company remains optimistic about holiday selling. He also said he remains bullish on The North Face and Timberland regaining top-line momentum.
Aisle Talk, Week Of October 23
Top headlines from the active lifestyle industry you may have missed this week.
Deckers Abandons Sales Plan After Delivering Blowout Q2
Deckers Outdoor said it is no longer actively pursuing a sale of the entire company while reporting second-quarter results that came in well ahead of guidance.
Columbia Sees U.S. Wholesale Returning To Growth First Half Of 2018
Columbia Sportswear’s third-quarter results came in better than expected as growth overseas and in its U.S. DTC business offset another steep decline in U.S. wholesale revenues. But officials predicted U.S. wholesale growth would resume in the first half of 2018.
Moncler’s Revenues Climb 15 Percent In Nine Months
Moncler reported consolidated revenues in the first nine months reached €736.8 million, up 15 percent year over year. Sales advanced 16 percent at constant exchange rates.
Columbia Sportswear’s Q3 Tops Estimates
Columbia Sportswear’s third-quarter earnings improved 5 percent on flat revenues. Sales were boosted by its European wholesale and U.S. direct-to-consumer businesses. Improved operating profitability outside the U.S. supported earnings gains.
Deckers Brands Lifts Guidance On Strong Q2
Deckers Brands reported earnings and sales that came in well ahead of guidance in its second quarter ended September 30. Ugg’s sales were down 2.9 percent while Hoka One One jumped 34.4 percent and Teva grew 24.9 percent.
OEKO-TEX Conducts Consumer Textile Sustainability Study
The study of more than 11,000 clothing and home textile consumers around the world examined topics ranging from concerns about climate change to harmful substances in textiles.
Care2 Petition Demands NPS Scrap $70 Entrance Fee Proposal
“At Care2, we think our public lands are for everyone,” the petition reads, “not just those that can afford to these excessive new fees.”
