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Industry News

Industry News Archive for dates of Wednesday, July 24, 2019 thru Tuesday, August 6, 2019
  • Online fitness apparel retailer Hylete files for an $18 million IPO 08/06/2019  nasdaq.com - Hylete, an online retailer that provides fitness apparel and gear, filed on Tuesday with the SEC to raise up to $18 million in an initial public offering. The Solana Beach, CA-based company...
  • Conservancy organizations rise up against e-bikes 08/02/2019  snewsnet.com - On July 26, more than 50 trail conservancy orgs sent a letter to top officials at the U.S. Forest Service, National Park Service and Bureau of Land Management asking that they restrict...
  • Some Running Sneakers Could Cost $38 More With Trump Tariffs 08/02/2019  footwearnews.com - After President Donald Trump said the US will slap additional duties on consumer goods from China, the Footwear Distributors and Retailers of America calculated how much consumers will be hit. Running shoes...
  • Strong Q2 Again Proves Yeti Much More Than Expensive Coolers 08/01/2019  sgbonline.com - Austin, TX-based Yeti indeed had a solid second quarter ended June 29 with the company reporting earnings on an adjusted basis increased 23% in Q2 on a 12% revenue gain. Net sales...
  • Trump Says U.S. Will Impose 10 Percent Tariffs On Another $300 Billion Of Chinese Goods 08/01/2019  sgbonline.com - Industry and retail trade organizations reacted quickly to criticize President Trump’s plans for a new 10% tariff on $300 billion of Chinese imports, taking effect on Sept. 1, 2019. These tariffs will...
  • GoPro Misses On Q2 Earnings & Revenue 08/01/2019  sgbonline.com - GoPro Inc. reported revenue for the second quarter of $292 million, up 3% from the year-ago quarter and ahead of analysts’ estimates by $9.9 million. That revenue total was also up 9%...
  • Fitbit Lowers Revenue Guidance For Year 07/31/2019  sgbonline.com - Fitbit Inc. reduced its loss in the second quarter as sales improved 4.8% but reduced its overall revenue guidance for the year due to soft Versa Lite sales. In the quarter ended...
  • Garmin Reports Record Q2 Revenue And Profits; Raises Guidance 07/31/2019  sgbonline.com - Garmin Ltd. lifted its earnings and sales guidance after reporting second-quarter earnings that easily topped Wall Street’s targets. Record second-quarter revenue of $955 million, a 7% increase, increasing 12% over the prior-year...
  • There’s New Data on Training with Supplemental Oxygen 07/31/2019  outsideonline.com - Breathing oxygen-rich air during endurance exercise enhances performance. However, a runner can’t carry an oxygen tank in competition. Because of this, athletes and scientists are searching for other ways to harness the...
  • Warrior Dash Updates: Spartan Partnership 07/31/2019  mudrunguide.com - Warrior Dash confirmed via social media this afternoon that Red Frog Events, their parent company, would be exiting the OCR business after 10 years of organizing races. Red Frog plans to stay...
  • Lowa Acquires Longtime Shoe Manufacturer 07/30/2019  insideoutdoor.com - Germany-based outdoor boot brand Lowa has acquired Riko Sport, which makes the brand’s shoes in its Slovakia production site. Riko Sport has been a partner of Lowa since 1992, producing shoes in...
  • Warrior Dash Cancels All Races – Going Out Of Business 07/30/2019  obstacleracingmedia.com - Warrior Dash has canceled all upcoming races and ceased operations as of today. Their parent company, Red Frog, appears to be closing their doors. According to multiple sources, Red Frog has been...
  • Under Armour‘s North America Struggles Continue 07/30/2019  sgbonline.com - In the quarter ended June 30, sales improved 1.4 percent to $1.191 billion, in line with Wall Street’s consensus expectation of $1.197 billion. In the North America region, revenues decreased 3.2 percent...
  • RV Industry Hits Some Bumps In The Road 07/29/2019  sgbonline.com - RV shipments were down double digits last month and some of the industry’s leading companies have seen earnings and shares take a hit from market softness. The Recreational Vehicle Industry Association announced...
  • Another ‘Into the Wild’ Pilgrimage Has Ended in Death 07/29/2019  outsideonline.com - A 24-year-old Belarusian woman died while attempting to reach the abandoned bus made famous by Christopher McCandless and Into the Wild. Veranika Nikanava and her husband, Piotr Markielau, were crossing Alaska’s Teklanika...
  • Columbia Sportswear Company Reports Record Second Quarter and First Half 2019 Financial Results; Updates Full Year 2019 Financial Outlook 07/25/2019  businesswire.com - Columbia Sportswear Company announced second quarter 2019 financial results for the period ended June 30, 2019. Net sales increased 9% compared to second quarter 2018, to a record $526.2 million. Operating income...
  • Colorado police investigating hit-and-run that left racer with life-threatening injuries 07/25/2019  velonews.com - Investigators are trying to find the driver who struck Andrew Bernstein on Saturday as the local bike racer and bicycle industry veteran was riding home from a velodrome workout. Bernstein, an...
  • Wasserman launches new service to support athlete-driven digital content 07/25/2019  sportspromedia.com - US-based agency giant Wasserman is launching Athlete Exchange, a new service to help connect sports stars with influencers and brands ‘seeking athlete-driven digital content.’ Athlete Exchange will evolve athletes into a network...
  • Fatality Spurs Cannondale Bicycle Recall 07/25/2019  gearjunkie.com - Cannondale recalled nearly 10,000 CAADX cyclocross bicycles in America after receiving numerous reports of serious injury and death. The 2013-2016 model year CAADX bikes, equipped with disc brakes, have a carbon ULTRA...
  • Granite Gear Names New Public Relations Manager 07/24/2019  sgbonline.com - Granite Gear, manufacturer of backpacks, portage packs and travel gear, named Julie Bacon as public relations manager. Bacon will lead strategy behind media relations, the Grounds Keepers Program and email campaigns. Bacon...
  • Vans And North Face Both Clicking for VF Corp 07/24/2019  sgbonline.com - VF Corp raised its outlook for the year on accelerated momentum at Vans and renewed momentum at The North Face in the first quarter. In the quarter ended June 29, revenue from...
  • Terrain Cancels New York Venue Last Minute – ORM has Questions 07/24/2019  obstacleracingmedia.com - At 12:48 am, Terrain Race sent out an email to participants of this weekend’s upcoming event near Hudson Valley, NY had to be moved from the Wurstboro-Sullivan County Airport (“Gotham Airport”) in...

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