Nike To Re-Up With Oregon
Oregon athletics is about to get a big, new deal with Nike, according to a report from the Oregonian.
Zanders Sporting Goods Announces New Sales Manager
Zanders Sporting Goods, a national distributor located in Sparta, IL, has hired Lucas Poston as their new sales manager while promoting Danny Siegler to marketing director.
Marcato Reduces Its Nominees To Deckers Board To Three From Nine
Marcato Capital Management LP, said it is sending a letter to Deckers’ stockholders announcing that it has modified its slate of highly-qualified director nominees for election at the Company’s 2017 Annual Meeting of Stockholders to include Kirsten J. Feldman, Steve Fuller, and Anne Waterman.
Columbia Flagship Closes Temporarily Amid Protests
Columbia Sportswear’s store in downtown Portland closed on Saturday after it faced organized demonstrations. The protests came after CEO Tim Boyle said his company was exploring closing its nearby downtown office because of safety concerns.
OIA Strongly Opposes Expected Move To Shrink Bears Ears
Amy Roberts, executive director of the Outdoor Industry Association (OIA) in an open letter said the organization opposes the Trump administration’s expected move to “severely” reduce the overall size of Bears Ears National Monument in Utah and urged its members to “continue to make our voices heard.”
Mapbox Acquires Fitness AR
Launched this past September, Fitness AR was the first mapping AR app, allowing Strava users to connect their accounts and visualize their runs, hikes and bike rides on an 3D terrain map in AR on an iPhone or iPad.
Independent Proxy Advisory Firms Recommend Deckers Stockholders Vote Deckers’ Board Candidates
Deckers Brands announced that leading proxy advisory firms Glass Lewis & Co. and Institutional Shareholder Services recommend that Deckers stockholders vote on the WHITE proxy card for Deckers’ director nominees at the 2017 Annual Meeting of Stockholders to be held on December 14, 2017.
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.
