LL Bean Raises Age To Buy Rifles To 21
L.L. Bean became the latest retailer to announce that it will no longer sell guns or ammunition to customers younger than 21.
Gita Sporting Goods Furthers Partnership With Pinarello
The newly formed Pinarello US is a fully owned subsidiary of the Italian Cicli Pinarello and is led by company president, David Vigil.
Johnson Outdoors Announces 20 Percent Increase In Cash Dividend
Johnson Outdoors Inc. announced approval by its board of directors of a quarterly cash dividend of 12 cents per class A share and $0.1091 per class B share – an 20 percent increase from the previous dividend rate announced on December 8, 2017.
Moody’s Places Brunswick’s Debt Ratings Under Review For Downgrade
Moody’s Investors Service placed Brunswick Corporation’s debt ratings on review for downgrade. This follows the company’s announcement today that Brunswick will spin-off its Fitness business.
Starboard Issues Letter To Newell Shareholders
Starboard Value LP, the hedge fund, said on Monday it nominated two additional directors to the board of Newell Brands Inc, bringing its total nominees to 12 as the activist investor seeks to replace Newell’s board and CEO.
Foot Locker’s Q4 Comps Slide 3.7 Percent
Foot Locker Inc. reported that earnings, excluding charges and adjustments to a calendar shift, were down 8 percent in the fourth quarter as same-store sales declined 3.7 percent. The sneaker powerhouse warned that conditions would remain challenging in the first quarter but predicted comps would turn positive by the middle of 2018.
REI And MEC Suspend Shipments From Vista Outdoor
Both REI and Canada’s MEC (Mountain Equipment Co-op) late Thursday said they have suspended orders from Vista Outdoor due to the company’s manufacture of semi-automatic rifles. Vista Outdoor’s brands in the outdoor and cycling space include Bell, Blackburn, Bollé, Bushnell, CamelBak, Camp Chef, Giro and Jimmy Styks. CamelBak issued a statement on the changes.
Fanatics And New York Yankees’ Giancarlo Stanton Announce Exclusive Memorabilia and Collectibles Partnership
Fanatics announced an exclusive partnership with Giancarlo Stanton, whom will join its roster of exclusive athletes housed under the company’s memorabilia division, Fanatics Authentic.
Asics To Become Global Development Partner Of The International Triathlon Union
Asics announced that it has concluded a multi-year global agreement to become a Global Development Partner of The International Triathlon Union (ITU).
EU Court Rules Adidas May Defend Its Three-Stripes Design
A European court has ruled for Adidas an infringement case against a Belgian footwear company. Adidas had been seeking to block two trademarks for parallel stripes on shoes filed by a Belgian firm, Shoe Branding Europe, saying it infringed on Adidas’ iconic three-stripe design.
Industrial Revolution Adds Rep Group
Colorado-based Granite Marketing Inc. will represent IR’s wholesale partners in the Rocky Mountains territory, including Wyoming, Utah, Colorado and New Mexico.
Turtle Fur Partners With Locally
Locally, an online store and product locator, is now integrated into turtlefur.com, connecting consumers with Turtle Fur products currently available at their local shop.
Saucony Celebrates 120th Anniversary
Saucony will mark its 120th anniversary with a series of events and celebrations in 2018, beginning with the launch of the Shadow 5000 EVR, an advanced interpretation of the brand’s iconic Shadow 5000, one of the most sought-after silhouettes of the 1980s.
ISA TanTec To Acquire Auburn Leather Lace
ISA TanTec announced that it has signed definitive agreements to acquire the Auburn Leather brand, business and assets with closing in Q2 2018.
American Outdoor Brands’ Profits Plunge On Weak Revenues
American Outdoor Brands, the owner of Smith & Wesson, Battenfeld Technologies and Crimson Trace, reported sales in the fourth quarter slumped 32.6 percent to $157.4 million.
