News Topics
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November 14, 2024
A Closer Look at Wolverine Worldwide’s New Boston Innovation Hub, PHOTOS
Wolverine Worldwide has opened the doors to its new Innovation Hub in Boston. The new 11,000-sq.-ft. facility is located at 90 Causeway Street and will accommodate employees from the company’s design and product teams. Footwear News
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November 13, 2024
Winter Occupancy Down, Rates Up Slightly; Solid Finish for Summer at Western Mountain Resorts
As of October 31, winter occupancy on the books for November 2024 through April 2025 is down 1.6 percent compared to last year. Gains were recorded in February, March and April, while the first three months were trending down—most notably, December, down 7.7 percent. Daily rates for the full winter season are up 1.9...
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November 13, 2024
YETI Responds to Rumors of Mystery Ranch Phase-Out
YETI will continue to offer Mystery Ranch-branded bags at least through next year, along with YETI bags 'inspired' by the decades-old brand. The Austin cooler giant told GearJunkie, “Going into 2025, we plan to have key products for Outdoor, Everyday and Hunt under the Mystery Ranch brand.” Gear Junkie
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November 10, 2024
Vuori Valued at $5.5 Billion in New Round of Investment
Vuori has landed a new round of investment to support the continued growth of the hot-selling brand. The company announced Friday that two private equity firms – General Atlantic and Stripes – along with a cohort of additional investors, are sinking $825 million into Vuori. SHOPeatSURF
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November 8, 2024
Black Diamond’s Plan to Shrink to Improve Profitability Takes Hold
The new leadership team at Black Diamond Equipment continues to make progress in restructuring the brand with the goal of having a smaller, more profitable business that focuses on the highest volume and highest margin styles. Those initiatives paid off during the third quarter ended Sept. 30, with the brand’s adjusted EBITDA...
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November 8, 2024
Why Blood Flow Restriction (BFR) Training Might Be the Next Big Fitness Trend
Blood Flow Restriction (BFR) training has become widely used in physical therapy contexts since it can help people regain their strength while rehabbing from an injury. Athletes also incorporate the technique in-season, when it can be dangerous to lift too heavy. To democratize access to BFR training, SmartTools has invested heavily in...
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November 8, 2024
Jeep-Maker Stellantis to Lay Off 1,100 Workers in Ohio
European auto giant Stellantis said it would lay off 1,100 workers at its Jeep factory in Toledo, Ohio, in an effort to regain its competitive edge as it struggles with falling sales. Stellantis, a 14-brand group that includes Peugeot, Fiat and Chrysler, said it would move from a two-shift to...
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November 7, 2024
Wolverine Worldwide CEO Says Merrell and Saucony Sales ‘Outpaced Forecast’ in Q3
Shares for Wolverine Worldwide were up over 9 percent in pre-market trading on Thursday following continued signs that the company’s turnaround strategy is taking hold. Footwear News
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November 7, 2024
Yeti Revenues Expand Double-Digits in Third Quarter on Wholesale Bounce
Yeti Holdings, Inc. profits rose 18 percent on an adjusted basis, driven by improving margins and a 10 percent sales gain. The maker of Drinkware and Coolers saw balanced growth across product categories and channels while updating its FY EPS outlook to the high end of its previous range. SGB...
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November 7, 2024
Solo Brands Logs Deep Q3 Loss on Terminated Marketing Contract, Impairment Charges
Solo Brands, Inc. posted a net loss of $111.4 million in the third quarter due to costs related to the termination of an underperforming marketing agreement, impairment charges for IcyBreeze and an impairment charge related to its declining stock price. SGB Media
