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.
Callaway Signs College Player Of The Year
Callaway Golf Company signed 2017 NCAA Player of the Year Sam Burns to a staff pro agreement.
Luxottica’s Q3 Sales Dip On Currency Headwinds
Luxottica Group, the parent of Oakley, Ray-Ban and Sunglass Hut, reported sales in the third quarter were up 0.8 percent at constant exchange rates but slid 3.5 percent at current exchange rates as a result of the strong Euro appreciation against the main currencies.
REI Outessa Attracts Nearly 1,000 Participants
The second annual REI Outessa retreat series brought close to 1,000 women together to experience the outdoors and find their community.
McDavid Partners With Marc-André ter Stegen
McDavid has formed an official partnership with German soccer goalkeeper Marc-André ter Stegen as global ambassador.
Outdoor Industry Leaders Urge President Trump To Defend Antiquities Act
In a letter to the president, industry leaders align on a critical issue for the health of the outdoor economy – protection of public lands.
Unifi’s Q1 Profits Dip
Unifi Inc. reported a slight decline in earnings in the first quarter ended September 24 as a 2.7 percent revenue gain wasn’t offset by lower margins and investments in its strategic growth initiatives.
VF Corp.’s Tops Q3 Targets, Lifts Outlook
VF Corp. again raised its outlook for the year after reporting third-quarter earnings that came in well above Wall Street’s targets. In Outdoor & Action Sports, its largest coalition, revenue increased 8 percent, led by a 28 percent gain by Vans.
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.
NRF: Imports Set A Second Record High
Imports set a second all-time monthly record high this summer as retailers brought in merchandise for the busy holiday season, and are continuing at unusually high levels this month, according to the monthly Global Port Tracker report released this month by the National Retail Federation and Hackett Associates.
Boulder Ski Deals Changes Name To Epic Mountain Gear
Boulder Ski Deals, known to Boulder’s outdoor ski and snowboard enthusiasts for several decades, is getting a new name – Epic Mountain Gear.
Hudson’s Bay’s CEO To Step Down
HBC announced that Gerald L. (Jerry) Storch has stepped down as chief executive officer, effective November 1, 2017, to return to his advisory firm, Storch Advisors.
Vibram’s Sole Factor Raises $12,000 For Big City Mountaineers
Vibram said it raised $12,000 via its Sole Factor Program and subsequent summer/fall REI Tour for partner, Big City Mountaineers (BCM).
Mountain Hardwear Embraces Heroes With Launch Of Impact Initiative
Mountain Hardwear Inc., launched its Impact Initiative, a program featuring environmentalists, thought leaders, humanitarians and storytellers, working on a collective mission to inspire people to support solutions to help protect outdoor playgrounds.
Under Armour Signs Syrian Swimmer
Under Armour added 19-year old Syrian freestyle and butterfly swimmer Yusra Mardini to its team of international athletes.
