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Lululemon Eyes Larger Stores to Accommodate Men's Business
Lululemon Athletica Inc. will be opening larger stores in select markets to accommodate it growing men's business, which comped up 16 percent in the fiscal fourth quarter executives said during the company's fourth quarter earnings call. The company reported that double-digit comps growth in sales of women's bottoms, Ivivva and men's product fueled a sharp acceleration in total comparable sales...(3/27/2015)
Conzzeta Sees Rising Competition Crimping Mammut's Growth
Mammut recorded flattish sales and operating results in 2014 reflecting growing saturation in its home markets of Germany and Austria, its Zurich-based parent company Conzzeta AG reported...(3/26/2015)
Cotopaxi Lands $6.5 Million in Seed Capital
Cotopaxi, a direct-to-consumer, outdoor gear and apparel startup out of Salt Lake City closed a $6.5 million Series A funding round just 11 months after opening for business.
REI's Omnichannel Might Fuels Strong FY14 Growth
In a show of omnichannel might, Recreational Equipment Inc. grew sales and profits at their fastest pace in years in fiscal 2014. REI reported sales of $2.2 billion for the 53-week period ended Jan 3, 2015, a 9.9 increase from the fiscal year ended Dec. 28, 2013 and the largest such increase since fiscal 2010. Net income increased 132.2 percent, the fastest pace in at least six years...(3/25/2015)
Anti-Trust Concerns Prompt BPSA to Reject IBD Manifesto
The Bicycle Product Suppliers Association (BPSA)has advised its members to consult with attorneys before endorsing a "Manifesto for Change" circulated by Interbike last week...
Yue Yuen Retail Sales Growth Greatly Outpaced OEM Sales in 2014
Rebounding retail sales in mainland China easily offset declining OEM sales at Yue Yuen Industrial Holdings Limited in the fourth quarter and enabled the company to post a 2.7 percent sales gain compared with the fourth quarter of 2013...(3/25/2015)
Canoecopia 2015 Sales Exceed Expectations
Paddlesports companies came away from the annual Canoecopia show reporting unexpectedly strong sales and traffic gains that could bode well for the upcoming season, according to attendee interviews conducted last week.(3/20/2015)
DOD Offers $75 Million in Matching Funds for Advanced Fibers and Textile Research
The Department of Defense kicked off a competition March 18 for $75 million in federal matching funds for advanced fiber and textile research...