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Finish Line Shoots, Misses in Fiscal Q2
Finish Line Inc. fell short of its sales goals in fiscal second quarter because it took big positions on basketball styles that failed to resonate with consumers, executives said last week...(9/27/2014)
Vail Resorts: Park City Already Giving Epic Pass Sales a Lift
Vail Resorts Inc. are hardly exaggerating when they describe their Sept. 11 acquisition of Park City Mountain Resort as "transformative." In the weeks since, Salt Lake City has launched its "Ski City USA" ad campaign, California's two largest ski resort companies have agreed to merge and integrate their season pass programs and sales of Vail Resorts Epic Pass have surged...(9/26/2014)
VFC CEO Says Timberland Opportunity is Staggering
Timberland will produce record results this year and grow sales more than 80 percent by the end of 2019, by focusing on "the outdoor lifestyler," a consumer who looks for style, performance and green in that order, VF Corp. executives said in their first deep dive with investors on the brand, which they acquired in 2011. VFC estimates annual spending by outdoor lifestylers reached $36 billion in just eight of the more than 80 countries where Timberland sells...(9/20/2014)
New Report Scores Apparel Brands' Efforts to Clean up Chinese Supply Chains
Athletic brands outscored outdoor brands in a groundbreaking report two non-profits prepared to evaluate - and help consumers evaluate - what apparel brands are doing to improve environmental practices in their Chinese supply chains...(9/20/2014)
Bass Pro Shops Hires M&A Firm
Bass Pro Shops has hired a firm specializing in mergers and acquisitions to study ways to raise capital, according to a report in the Wall Street Journal...(9/19/2014)
VF Corp. Hires Nike's Cherian to Drive Apparel and Footwear Innovation Centers
VF Corporation has hired the architect of Nike's sustainability and innovation strategy to run its Global Performance Apparel and Footwear Innovation Centers now being developed on the campuses of The North Face and Timberland.(9/13/2014)
Apple Set to Disrupt Wearables Space
With Apple’s launch last week of the Apple Watch, the spotlight shines bright on the wearables category. It’s pending arrival next year potentially provides a boost for the hyped but sleepy category while also possibly spelling trouble for the many big and small smartwatch and fitness trackers already targeting the opportunity...
Sportsman's Warehouse Beats Guidance With Help from Camping and Apparel
Sportsman's Warehouse Holdings Inc. reported sales of camping and apparel gear grew much faster than gun and ammo sales shrank in quarter ended Aug. 2. The strong camping and apparel sales moderated the impact of a 15 percent decline in same stores sales of hunting gear, resulting in a 6.1 percent decline in total same store sales - a smaller decline than the retailer had forecast only a few months ago...(9/12/2014)