September 06, 2019
Mirroring trends in the athletic footwear market, the global athletic apparel market had a strong single-digit gain in 2018 to $89,710 million compared to $82,342 million. The North American market gained 5.3% to $39,770 million from $37,769 million, while Europe, with about a 5% currency tailwind, increased 9.2% in US$ to $22,830 million from $20,915 million.
The Journeys parent turned a profit of $577,000 in its smallest volume quarter against a loss of $15,000 last year on revenues that inched down to $486,573,000 from $487,015,000, but comps were up 3% overall, lapping last year’s +6% comp.
Clarus gave updates on growth and market share opportunities for its Black Diamond, Sierra, PIEPS and SKINourishment “super-fan” outdoor brands at the annual Gateway investor conference.
The former Cherokee Brands signed several new licensing and distribution partners for the Hi-Tec brand, including Kenmark for sunglasses and optical, Ampac for backpacks and bags, and Affinity Brand Partners for tech accessories.
The third-party logistics provider, which distributes over 30 outdoor brands in the U.S. and Canada, passed $40 million in revenues this year and had grown by 175% over the past three years.
Rogers, MN-based Clam will add bass jig-maker All-Terrain to its portfolio of brands that includes QuickSet screen Shelters, Polar Utility Trailers and Carts, and Blackfish Gear apparel.