Lenzing to Spend €100M Expanding Capacity
The Lenzing Group said it will invest more than €100 million over the next 20 months to expand production capacities for its wood-based specialty fibers, which are used by many outdoor and athletic apparel brands.
Fitbit Exceeds Q2 Views, Reaffirms Full-Year Guidance
Fitbit Inc. reported earnings in the second quarter fell sharply but came in ahead of Wall Street’s estimates for second-quarter sales and earnings.
HanesBrands Q2 Revenues Slip
HanesBrands, the parent of Champion, reported that consistent with the company’s expectations, net sales in the second quarter decreased 3 percent to $1.47 billion.
Big 5’s Q2 Earnings Drop
Big 5 Sporting Goods Corp. reported earnings slid 19.2 percent in the second quarter as same-store sales declined 1.7 percent.
Bogs Sales Plummet in Second Quarter
Weyco Group Inc. (Nasdaq:WEYS) reported that net sales of its once high-flying Bogs footwear brand plummeted 47 percent in the second quarter and it expects the brand’s sales to be down 25 percent this year.
Dorel’s IBD Unit Names US GM, Supply Chain Chief
Cycling Sports Group, which owns Cannondale, named a new supply chain chief and a general manager for its U.S. independent bicycle dealer channel.
Spin Master Acquires Swimways
Spin Master Corp., the children’s entertainment company, acquired Swimways Corporation, a leader in the water and outdoor sports category.
Bravo Sports Expands Management Team
Bravo Sports Corp. added three new members, Jeff Balaban, Kyle Brookey, and Dave Davenport, to its team.
Cocona Partners with Point6 on Sock Line
Point6 and Cocona announced an exclusive partnership for wool socks utilizing Cocona’s 37.5 technology.
Academy Sports Donates 5,000 Backpacks to Boys & Girls Clubs of Greater Houston
Academy Sports + Outdoors donated 5,000 total backpacks stuffed with essential school supplies to all 13 Boys & Girls Clubs across the Greater Houston area.
Steve Madden Sales Inch Up 0.6 Percent in Q2
Steve Madden reported sales for the second quarter increased 0.6 percent to $325.4 million compared to $323.6 million
K-Swiss Global Brands to Move HQ to Downtown L.A.
K-Swiss Global Brands (KSGB) announced plans to relocate its global headquarters to the historic Pac Mutual Building in Downtown Los Angeles by January 1, 2017.
Kammok Promotes Haley Robison to CEO
Kammok, an Austin, TX-based outdoor hammock and sleeping bag brand promoted its COO Haley Robison to CEO.
Sportsman’s Warehouse Opens New Store
Sportsman’s Warehouse opens its third New Mexico location in Las Cruces.
Nike and Under Armour Release Dueling Apps
Nike has released its Nike+ app, which gives athletes access to Nike’s signature services.
