Yue Yuen’s Q1 Revenues Climb 3.6 Percent
Net profits grew 30.6 percent on a 3.6 percent revenue gain.
Netshoes Slashes Q1 Loss
Netshoes Ltd., in its first quarterly report since going public, reported significantly lower losses in the first quarter as sales grew 18.1 percent on a currency-neutral basis.
Jordan Brand Signs Chinese Basketball Star
In conjunction with Jordan Brand’s 20th anniversary of entering Greater China, the brand has signed its first Chinese basketball player, Guo Ailun.
Nike Signs Soccer Phenom Mallory Pugh
Pugh, 19, has also stated she will sign with the Washington Spirit in the NWSL.
Rack Room Shoes Adds Two New Directors To Corporate Team
Julie Barr and Kim Auman-Fanning joined the company as human resources director and loss prevention director, respectively.
Vasque Kicks Off Thru-Hike Season With Sponsorships
Vasque will support the Pacific Crest Trail (PCT), Continental Divide Trail (CDT) and Appalachian Trail (AT), as well each trails’ associated Trail Days.
J.C. Penney’s Shares Tumble On Q1 Loss
J.C. Penney’s stock plunged nearly 14 percent on Friday at $4.55 per share after the department store operator reported weak comparable sales and a massive net loss in the first quarter.
Kwik Tek Changes Name To Airhead Sports Group
President and CEO Aaron Kramer explained that the new name better reflects the evolving focus of the company.
Southwest Composite Works Inc. Enters U.S. Cycling Industry
Southwest Composite Works Inc., a carbon fiber engineering and manufacturing company, is expanding its business to provide U.S.-based mold-making and tooling solutions for the cycling and outdoor recreation industries.
The Outbound Collective And Eventus Outdoors Launch CamelBak Pursuit Series
The series will kick off in 2017 with two immersive events in Snowbasin Mountain Resort, UT on August 11-13 and Sanborn County Park, CA, just 50 miles south of San Francisco, on September 8-10.
REI Partners With Momentum Indoor Climbing
REI Co-op Climb will be a destination for climbing gear, programming and events at Momentum’s new Katy and Silver Street Gyms.
Garmin Acquires ActiveCaptain
Garmin Ltd. acquired Active Corporation, a developer of crowd-sourced rich content for boaters, marketed as ActiveCaptain.
OIA Issues Call To Action To Save National Monuments Designations
In an open letter, Alex Boian, VP of government affairs & OIAPAC treasurer, Outdoor Industry Association, issued a call to action in response to President Trump’s Executive Order 13792 that calls for a review of 27 national monuments designated since January 1996.
Vista Outdoor Appoints Corporate Controller And Chief Accounting Officer
Kenny Bement most recently served as controller of reporting and governance for Alphabet, the parent company of Google.
VF Corp. Appoints Arne Arens As The North Face Global Brand President
Said Scott Baxter, vice president, VF and group president, Outdoor & Action Sports Americas, “I am confident that Arne’s passion for and deep understanding of the outdoor marketplace, coupled with his management expertise and operational agility, make him ideally suited to unlock new opportunities and accelerate growth for The North Face around the world.”
