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Industry News

Industry News Archive for dates of Tuesday, April 30, 2019 thru Monday, May 13, 2019
  • Mount Kilimanjaro Could Get a Cable Car If Controversial Plans Materialize 05/13/2019  gearjunkie.com - Ride a cable car to the top of Africa’s highest mountain? A plan revealed by Tanzania’s deputy minister of tourism could make this a reality.
  • Wolverine World Wide Tops Guidance In Q1 05/13/2019  sgbonline.com - Wolverine World Wide reported earnings in the first quarter were down slightly on an adjusted basis but exceeded guidance as its top-five brands, including Merrell and Saucony. Reported revenue of $523.4 million...
  • Patagonia joins Plastic Impact Alliance, now 153 companies strong 05/10/2019  snewsnet.com - Just this week, Patagonia joined the Plastic Impact Alliance to save the home planet by tracking waste during the booth build and throughout the three-day Outdoor Retailer event, with a goal of...
  • Darrell Denny exits Emerald Expositions 05/10/2019  snewsnet.com - Darrell Denny is leaving his post as executive vice president of Emerald Expositions after the company underwent a restructuring. Denny led the sports and e-commerce trade shows, such as Outdoor Retailer and...
  • Vista Outdoor Q4 Profits Miss Plan 05/09/2019  sgbonline.com - Vista Outdoor Inc. reported fourth-quarter profitability was lower than expected as a result of increases to reserves for customer credit risk and product liability litigation. Sales were $515 million, down 10% from...
  • Xceed Acquires Peaks Apparel 05/09/2019  insideoutdoor.com - Mexico-based custom activewear company Xceed has rapidly expanded its brand through the acquisition of U.S.-based Peaks Apparel. The financial terms of the acquisition have not been disclosed but sources have confirmed the...
  • Adidas Teams Up with 1Climb to Introduce Climbing to 100,000 Kids 05/09/2019  adventureblog.net - Adidas Outdoors has announced that it is teaming up with 1Climb - a nonprofit dedicated to introducing kids to climbing - to build new climbing walls in ten Boys and Girls Clubs...
  • GoPro’s Q1 Revenues Climb 20 Percent 05/09/2019  sgbonline.com - GoPro Inc.’s revenues topped Wall Street’s targets, driven by strong demand for its new range of cheaper action cameras from flagship brand, Hero. Revenue for Q1 2019 was $243 million, up 20%...
  • Canada Goose Promotes Ana Mihaljevic To Chief Commercial Officer 05/08/2019  sgbonline.com - Canada Goose announced the promotion of Ana Mihaljevic to chief commercial officer. Rick Wood, who previously served as chief commercial officer, will move into a new role, serving as executive adviser on...
  • Eric Artz tapped as REI’s new president and CEO 05/07/2019  snewsnet.com - Four months since Jerry Stritzke resigned as REI's CEO and president, Eric Artz, who was interim CEO since February, was chosen by the BOD to lead the co-op after a national search....
  • The Medics Keeping Ultrarunners Alive 05/07/2019  outsideonline.com - With more participants in ultramarathons, more competitors are experiencing the joy of hallucinations and other ailments. Exile Medics steps into a newly necessary role.
  • Yeti Announces Launch of Secondary Offering of Shares of Common Stock by Selling Stockholders 05/06/2019  businesswire.com - YETI Holdings, Inc. announced the commencement of an underwritten public offering of 9,500,000 shares of YETI’s common stock by certain of its stockholders. In connection with the Offering, the selling stockholders intend...
  • Best Bike Cities of 2019: Colorado Dominates, Small Towns Gain Ground 05/06/2019  gearjunkie.com - PeopleForBikes’ second-annual PlacesForBikes City Ratings provide a data-driven analysis that evaluates the safety, appeal, and infrastructure of bicycling in more than 500 communities and provides nationwide rankings. Some surprise cities (Lawrence, Kansas)...
  • Yosemite Permits Aren’t Making Half Dome Safer 05/03/2019  outsideonline.com - he hope behind Yosemite’s Half Dome permit system was that it would lead to fewer hiker accidents and deaths. But since the park began issuing permits in 2010, the number of incidents...
  • Johnson Outdoors’ Q2 Sales Expand 7 Percent 05/03/2019  sgbonline.com - Johnson Outdoors Inc. reported increased sales and earnings during the company’s 2019 second fiscal quarter ending March 29. Net sales rose 7% to $177.7 million in the current fiscal second quarter compared...
  • Seattle’s Ascent Outdoors suddenly closes after 23 years 05/02/2019  snewsnet.com - Less than a year after Seattle's Ascent Outdoors opened a second location and not even a month after celebrating its 23rd anniversary, the business has unexpectedly shuttered all three of its doors....
  • Yeti’s Q1 Revenues Expand 15 Percent 05/02/2019  sgbonline.com - Yeti Holdings Inc. reported significant improvement in earnings on an adjusted basis in the first quarter ended March 31, as gross margins expanded 700 basis points and revenues grew 15%. Net sales...
  • REI Co-op To Invest Up To $1 Million In National Forest Foundation 05/02/2019  sgbonline.com - REI will donate up to $1 million to the National Forest Foundation in 2019, bringing the co-op’s total investment in the NFF to nearly $3.5 million. Funds this year will support 15...
  • Under Armour’s Stock Is Jumping After It Beat Earnings Forecasts 05/02/2019  footwearnews.com - Under Armour — which is in the midst of an aggressive turnaround effort following a period of softening growth — announced that it reversed its year-ago losses to post Q1 profits of...
  • Emerald Expositions Q1 Earnings Sink 05/02/2019  sgbonline.com - Emerald Expositions Events Inc., the parent of Outdoor Retailer and a number of other trade shows, reported net income decreased 30.4% in the first quarter ended March 31 on a 3.4% ...
  • Are pro-deals helping or hurting the outdoor industry 05/01/2019  snewsnet.com - Many argue that pro-deal programs over-distribute and undervalue product and undermine the efforts and bottom lines of specialty retail. Is the pro-purchase system a valuable marketing tool, or source of market saturation?...
  • Fitbit’s Q1 Revenues Advance 10 Percent 05/01/2019  sgbonline.com - Fitbit Inc. slightly narrowed its loss in the first quarter to $38.1 million from $41 million a year ago as sales gained 9.7%. Revenues came in at $271.9 million. Fitbit expected revenues...
  • Garmin’s Q1 Revenues Expand 8 Percent 05/01/2019  sgbonline.com - Garmin reports operating earnings rose 6% in the first quarter on an 8% sales gain. Marine segment revenues led the growth, up 18%. Sales expanded 9% in Fitness and 7% in Outdoor....
  • Jen Harned leaves Bell/Giro 04/30/2019  bicycleretailer.com - Jen Harned, who was president and general manager of the Bell and Giro brands for Vista Outdoor, has left the company. Harned had been involved with the Bell brand since becoming the...
  • Garmin Launches 5 New ‘Forerunner’ GPS Running Watches 04/30/2019  gearjunkie.com - Garmin’s new line brings integrated music capabilities, full-color mapping, and advanced training, safety, and tracking to its GPS running smartwatches. The five new watches will track runs, monitor stats, and crunch the...

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