Retail: 67
0.85%
Retail: 199
1.52%
Mon, Aug 28, 2017
Vol 1, Issue No. 33

The Buzz: Black Diamond, Crocs, Hari Mari, Hydro Flask

Black Diamond may get an Olympic-size lift in  2020. According to senior executives from the brand’s parent Clarus Corp., the inclusion of climb in the 2020 Summer Olympics in Tokyo will generate “significant momentum” within the climb industry. Black Diamond, coming out of Q1 where sales in its mountain and climb categories each grew 12 percent and ski increased 49 percent due to winter weather conditions, is continuing to ramp up its footwear business. The fast-growing segment is gaining traction with existing BD customers and bringing new consumers into the brand. The company is expanding its footwear collection to Approach, starting with a fall test at REI before a global launch in Spring 2020.

Crocs, which has relocated its Americas’ distribution center to Dayton, OH from Los Angeles, said demand for its Classics clog exceeded supply in Q1. Overall revenues grew more than 11 percent on a constant-currency basis (excluding $6 million for store closures) to $295.9 million and ecommerce sales were up 17 percent worldwide during the period.

Elan, the Slovenia company that operates four product division including one for winter sports equipment, has been acquired by KJK Management for the equivalent of $280 million.

Hari Mari strikes a partnership with J. Crew, agreeing to launch three of its premium styles for men and women on the specialty retailer’s ecommerce site. (photo above)

Hydro Flask is expanding across Asia-Pacific and entering the Latin American market. The Helen of Troy-owned company has expanded its strategic partnership with the Primer Group in Hong Kong to expand market distribution to outdoor, sporting goods, active lifestyle, travel and gourmet grocery stores. Also, the brand is entering three Latin American markets by partnering with Komax for both Chile and Peru and distributor Distcol in Columbia.