Ibex Will Cease Operations In February 2018
Ibex released a letter confirming that it’s “in the process of closing down its current business.” The merino apparel brand had indicated earlier in the summer that it was shutting down its wholesale operations to focus on retail.
Perry Ellis Sees Nike Swim And Golf Climb Double Digits
Perry Ellis International Inc. reported sales in its Golf segment grew low double-digits in the third quarter while Nike Swim leapt 40 percent.
Billabong Gets Takeover Bid From Quiksilver
Billabong International Limited confirmed that it has received a confidential, indicative and non-binding proposal from Boardriders Inc., formerly known as Quiksilver Inc., to acquire the company in a bid that values the company Australian $198 million (U.S. $150 million).
Shiekh Shoes Files For Bankruptcy
Shiekh Shoes, the sneaker chain based in Ontario, CA,, has filed for bankruptcy protection, according to a report in the Wall Street Journal. The filing in California Central Bankruptcy Court comes after Reuters reported on November 17 that Shiekh Shoes was seeking financing to avoid a bankruptcy filing.
Genesco Posts Steep Q3 Loss On Impairment Charge
The charge reflects the sustained decline of the company’s market value to a level below book value and underperformance relative to projected operating results, particularly in the Lids Sports Group The outlook for the year was also reduced due to a “more conservative outlook for Lids.”
Camping World Declares Regular, One-time And Special Dividend
Camping World Holdings, the parent of Gander Mountain, announced that its Board of Directors declared a cash dividend of $0.2832 per share on the company’s Class A common stock.
Zumiez’s Q3 Earnings Climb 11 Percent
Zumiez Inc. reported earnings for the third quarter ended October 28 rose 11.2 percent, reaching the high-end of guidance. Same-store sales rose 7.9 percent to top guidance.
Golf Rounds Sink In October
According to Golf Datatech, golf rounds played were down 4.1 percent in October 2017 compared to October 2016.
Darn Tough Donates Profits From Giving Tuesday To Vermont Foodbank
The Northfield-based sock company Vermont donated 100 percent of its profits from online sales during Giving Tuesday.
EXOS And Speedo USA Launch Aquatic Training Courses
EXOS, a leader in the human performance industry, and Speedo USA, a division of PVH Corp., released a new online course for fitness professionals, EXOS Presents: Speedo Fit Training.
Adidas’ Boost Collection Package Quickly Sells Out
Adidas’ offer to purchase a 40-pair set of Boost footwear on Adidas.com sold out in five minutes.
Columbia And Icebug Partner With Michelin
Columbia and Icebug are the two latest footwear manufacturers to adopt Ice Control Technology developed by the R&D department of Michelin Technical Soles, based in Verona, Italy.
HUF Sells 90 Percent Stake To Japanese Apparel Group TSI Holdings
Japanese apparel group TSI holdings said it plans to acquire a 90 percent ownership stake in Huf Holdings’ skate brand Huf for $63 million.
Leave No Trace Center for Outdoor Ethics Announces 2018 Hot Spot Location
With more than 12 billion people visiting public lands each year, the need for Leave No Trace outdoor education is greater than ever before. As part of the Leave No Trace Center for Outdoor Ethics’ Leave No Trace In Every Park initiative, the Hot Spot program is now in its seventh year, having trained more than 50,000 people.
Marcato Sends Letter To Deckers Stockholders
Marcato Capital Management LP, the activist shareholder group seeking to replace Deckers Brand’s board with its own candidates, is sending a letter to Deckers’ stockholders “urging them to hold Deckers’ Board of Directors accountable for their lack of transparency and oversight, and Deckers’ chronic underperformance” by voting for its slate of candidates.
