Downlite Sets Executive Succession And New Organizational Structure
After 10 years as chief executive officer of family-owned Downlite, James Lape is retiring and passing his torch to Josh Werthaiser, former Downlite CFO.
Fitbit Partners On Diabetes Product
Fitbit has partnered with DexCom Inc., a leader in continuous glucose monitoring (CGM) for people with diabetes, to develop and market products to help people better manage their diabetes and get a more complete picture of their overall health with easy-to-use mobile tools.
Implus Expands Operations Into Canada
Implus, a provider of footcare, athletic, fitness, and outdoor accessories, announced the opening of Implus Canada, the company’s first sales and distribution center in North America outside of their U.S.-based corporate headquarters in Durham, NC
GoPro Boosts Third-Quarter Guidance
GoPro Inc announced revenue and gross margin for the third quarter of 2017 are both expected to be at the high end of its previously announced respective ranges of between $290-$310 million and 36-38 percent.
Duluth Holdings Sees Q2 Revenues Climb 31 Percent
Duluth Holdings Inc. reported earnings rose 18.4 percent in the second quarter ended July 30 on a 31 percent revenue gain.
Synovus Receives Regulatory Approval To Complete Cabela’s Transaction
Synovus Bank, a wholly-owned subsidiary of Synovus Financial Corp., said it received regulatory approval from the Board of Governors of the Federal Reserve System to acquire certain assets and assume certain liabilities of World’s Foremost Bank (WFB), the credit card operation of Cabela’s Inc.
Gap To Ramp Up Athleta Expansion
Gap Inc. said expects Athleta’s sales to exceed $1 billion in net sales in the next few years as it shifts its growth focus away from its flagship Gap chain and Banana Republic toward Athleta and Old Navy.
NRF Lowers 2017 Forecast Following Government Data Revision
The National Retail Federation adjusted its forecast for retail sales for 2017, saying sales are now expected to increase between 3.2 percent and 3.8 percent rather than the 3.7 to 4.2 percent forecast earlier this year.
Skechers Signs 17-Time National Champion Edward Cheserek
Skechers Performance, a division of Skechers USA, Inc., announced that 17-time NCAA National Champion, Edward Cheserek, will join the roster of Skechers Performance elite athletes.
Nike Sets More Layoffs
After laying off 255 employees in Oregon in July, Nike Inc. told the state it is scheduled to lay off an additional 490 by the end of September.
Outdoor Recreation Report Provides Outdoor Recreation Roadmap
Outdoor Industry Association (OIA) released the State Funding Mechanisms for Outdoor Recreation report featuring case studies on seven states across the country that are investing in the public lands and waters that support the outdoor economy.
Dick’s SG Announces Grand Opening Of 10 New Stores In Six States
Dick’s Sporting Goods will be opening eight new Dick’s Sporting Goods stores and two new Field & Stream stores in the first half of September.
Fischer Skis Expands Staff And Support
Fischer Skis US LLC announced several new staff positions and the formal opening of a Salt Lake City Showroom Space.
Sports Direct’s Next Generation Stores Exceeding Expectations
Sports Direct confirmed ahead of its annual general meeting that sales in its new generation flagship stores continue to exceed internal expectations as Sports Direct moves towards becoming the “Selfridges” of sport.
G-III Apparel Lifts Outlook On Q2 Beat
G-III Apparel Group Ltd. raised its outlook for the year after reporting sales and earnings in the second quarter exceeded guidance.
