Daily News Feed
Brands and Retailers See Growing E-Commerce In 2018
A retail landscape persistently dominated by poorly trafficked malls and consumers who can’t be bothered to look up from their smartphones long enough to appreciate a well-set window display, has sporting goods companies looking to digital sales to offset flagging comps.
CHKE is now running the Hi-Tec brand strictly as on a licensed royalty model, and International Brand Group led by Ed van Wezel has taken over the legacy Hi-Tec distribution business in Latin America, Asia Pacific and Eastern Europe.
Cabela’s family and some former executives are working on a hunting-focused online retailer startup, according to theoutdoorwire.com.
The Ugg parent is suing Gildan for infringing on its Bailey Button Boot trade dress with certain styles in its Gold Toe line sold through Burlington Coat Factory and other retailers.
The two helmet makers reached a settlement and intend to jointly develop helmets combining technological innovations from POC and MIPS.
Skechers Q1 Booms, but Sees Q2 Softness on Weather, Timing
Net income jumped 25% to $117,652,000 from $93,995,000 in the first quarter as revenues increased 17% to $1,250,078,000 from $1,072,808,000 led by solid gains in global retail and both international and domestic wholesale.
Greg Thompson, VP of footwear, became the latest Nike executive to leave as a result of the company’s clean-up of its work place culture.
Order 3366 requires certain bureaus to deliver in 90 days specific plans that will improve access for recreational activities on public lands and waterways.
This year’s awards were presented to Rep. Elise Stefanik (R-NY), Rep. Erik Paulsen (R-MN) and Sen. Jon Tester (D-MT) for supporting of the outdoor recreation economy and outdoor industry priorities.
Net income was $1,216,000, down 14% from $1,388,000, for the three months ended Mar. 24 as sales rose 1% to $32,149,000 from $31,866,000.
The mountain operations said skier visits were down 1.9% for the season to date although lift ticket sales rose 3.7% and ski school revenues was up 3.4%.
Shareholder Sues Kevin Plank Over Port Covington Project
A NJ shareholder lawsuit claims that Under Armour CEO Kevin Plank improperly profited on a $70.3 million purchase by the company of a parcel of land in the Port Covington Development that Plank had paid just $35 million for three years earlier.
Reversing a position he took a week ago in front of worried farm state politicians, President Trump now has rejected rejoining the Trans-Pacific Partnership because there are too many contingencies and said he will return to his original trade strategy of negotiating bilateral deals.
Following the departure of Antoine Andrews, Nike’s VP of diversity and inclusion, announced yesterday, two more high-level Eager Beavertons were forced to leave the company.
Gun imports and exports were broadly down in Jan., but handgun exports were the exception, surging 77% to 32,363 units with both pistols and revolvers up.
Participation in team sports by kids age 7-17 declined 5.8% in 2017, while total team sports participation inched down 0.6%, according to the latest research from the NSGA.
Recreation visits fell 6% in Mar. to 20,156,334 from 21,415,417 last year and year-to-date visits dipped 9% to 45,884,165 from 50,380,317.