J.D. Sports Fashion posted a record annual profit but warned that earnings would remain flat in the current financial year amid inflationary pressures. The retailer also laid out plans to overhaul its corporate governance structure and internal controls after a review led to the exit of long-time boss Peter Cowgill last month.
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Blackcrows Names New Global Chief Commercial Officer
Blackcrows, the French freeskiing brand announced that Wanda Rozwadowska would join the company as Global Chief Commercial Officer.
Schoeller Textil Names Western Regional Sales Manager
Schoeller Textil AG announced that Mark Pikaart had joined its North America team as western regional sales manager.
Vista Outdoor Expects To Mitigate Inflationary Pressures
Speaking at Jefferies Consumer Conference, Chris Metz, CEO, Vista Outdoor, said the company across several brands continues to see softening in demand for opening price point products due to inflation’s impact on lower-income consumers.
Retail Groups Applaud Uyghur Forced Labor Prevention Act
In a joint statement, the American Apparel & Footwear Association, National Retail Federation, Retail Industry Leaders Association and The United States Fashion Industry Association applauded the implementation of the Uyghur Forced Labor Prevention Act.
PeopleForBikes Ranks Best Places to Bike In The U.S.
For the sixth consecutive year, PeopleForBikes, in partnership with Trek Bicycle, published its ranking of the best cities in the U.S. to cycle. Of the 1,058 cities ranked, the top three for 2022 are Provincetown, MA; Davis, CA; and Fayette, MO.
Under Armour Downgraded On Brand Momentum Concerns
Cowen & Co. reduced its rating on Under Armour from “Outperform” to “Market Perform” due to concerns over the company’s momentum amid elevated inventory levels across the marketplace and increasing inflationary pressures.
Amazon Appoints New CEO Of Retail Business
Amazon.com, Inc. has named longtime executive Doug Herrington as CEO of its worldwide Amazon store business, formerly Consumer, succeeding Dave Clark, who recently stepped down.
Mondelēz To Acquire Clif Bar
Mondelēz International Inc. has agreed to acquire Clif Bar & Company for $2.9 billion with additional contingent earnout consideration.
AKU Introduces FlyRock Fast Hiker And Traceable Styles For S23
AKU, the manufacturer of hiking and mountaineering boots in Italy for over 50 years, introduced new styles for SS23. The FlyRock and FlyRock GTX, for men and women, are fast hiking shoes where traction, protection and high cushioning are needed. Both styles feature AKU’s Dynamic Fit technology, which adapts the boot’s heel tension with natural […]
AKU Introduces FlyRock Fast Hiker And Traceable Styles For S23
AKU, the manufacturer of hiking and mountaineering boots in Italy for over 50 years, introduced new styles for SS23. The FlyRock and FlyRock GTX, for men and women, are fast hiking shoes where traction, protection and high cushioning are needed. Both styles feature AKU’s Dynamic Fit technology, which adapts the boot’s heel tension with natural […]
Survey Finds Consumers Value Sustainability Despite Inflationary Concerns
A Stifel survey found that most U.S. consumers value sustainability when purchasing active/casual lifestyle brands, though they are reassessing spending priorities as inflation soars.
Thor Industries’ Debt Ratings Upgraded
S&P Global Ratings today raised the issue-level rating on Thor Industries Inc.’s senior secured term loan to ‘BBB-‘ from ‘BB+’ and revised the recovery rating on this debt to ‘1’ from ‘2’. The upgrade follows Thor’s term loan debt repayments totaling about $265 million.
Post-Pandemic Growth Opportunities Emerge For Active Outdoor Industry
At last week’s Outdoor Retailer Summer Market, Kelly Davis, director of research for OIA provided a generally upbeat “State of The Outdoor Market” update, believing the industry is poised to benefit from the throngs of people who discovered the outdoors over the pandemic as well as from trends ranging from remote working to the aging American population.
21.5 Million Households To Camp Over Fourth Of July
Kampgrounds of America’s monthly research report for June noted that 21.5 million camping households plan to camp this Fourth of July, an 8.6 percent increase over the same period last year.
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