Under Armour will stop making fitness trackers and focus on software, according to a report in the Wall Street Journal.
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Making The Cut: Color Forecast Spring 2018
The color story for Spring 2018 continues to be a powerhouse and a key influencer of trends in the active lifestyle market.
Foot Locker Honors Basketball’s Canadian Roots
The short film “Original Basketball” features players from the top Canadian basketball program adopting the 13 original rules of the game as created in 1892 by Canadian-American physical educator James Naismith.
HanesBrands’ Downgraded Over Champion’s Growth Concerns
Oppenheimer lowered its rating on HanesBrands Inc. due in part to signs of slowing growth and competitive pressures at Champion.
Puma Talks Rihanna Brand Benefits, Promotional Fears
On a media call following the report of above-plan third-quarter results, Bjørn Gulden, Puma’s CEO, detailed how Rihanna was boosting the brand’s women’s business while also indicating a promotional climate in both the U.S. and Europe may crimp fourth-quoter sales gains.
Report: Under Armour Mulling Category Exits, Kip Fulks Takes Sabbatical
Kip Fulks, a co-founder of Under Armour, will take a sabbatical from the company, according to a report from The Wall Street Journal. The company is also exploring exiting tennis and other smaller outdoor categories, including outdoor gear and fishing, sources told the Journal.
Supreme Sells Equity Stake To Carlyle Group
Supreme, the skateboard apparel manufacturer, sold an approximately 50 percent stake in the company to private-equity firm Carlyle Group LP for about $500 million.
Lululemon Upgraded On “Overblown” Amazon Fears
“We believe recent mkt concerns (Amazon, denim, weather) are overblown, and we believe current levels represent an attractive entry point for one of the best performing brands (and long term growth stories) in all of retail,” Citi analyst, Paul Lejuez, wrote in a note to clients.
Skechers Q3 Powered By International Growth
Led by gangbuster gains in international markets and a gritty performance in the challenging U.S. marketplace, Skechers USA reported earnings in the third quarter that handily topped estimates.
Aisle Talk, Week Of October 16
Top headlines from the active lifestyle industry you may have missed this week.
Jefferies Sees Curry 4 Becoming Top B-Ball Sneaker This Year
“Our calls, store visits, social media analysis and review of StockX pricing of Curry 4 soft launches (official launch 10/27) points to very strong buzz in the market,” Randal Konik, Jefferies’ lead analyst, wrote in a note to clients.
Foot Locker Foundation Holds 17th Annual On Our Feet Fundraising Gala
The event, which took place on Tuesday, October 17 at New York City’s Pier Sixty at Chelsea Piers, benefited educational and other youth initiatives supported by the Foot Locker Foundation.
OrthoLite Hires Key Account Sales Manager
After a 27-year tenure at Nike, Larry O’Brien will help OrthoLite further strengthen and expand upon the company’s longtime partnership with Nike across all categories.
Hologenix Adds Jim Calhoun To Board
Hologenix LLC, the maker of Celliant fibers, appointed Jim Calhoun to its Board of Directors and elected Bill Werlin its chairman.
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