Industry News
Industry News Archive for dates of Tuesday, August 4, 2020 thru Monday, August 17, 2020
- Taking Vendors and Retailers’ Pulse on OR’s Virtual Tradeshow 08/17/2020 sgbonline.com - While Outdoor Retailer was forced to cancel its Summer Market tradeshow due to COVID-19 concerns, it did its best to still bring brands and buyers together with its new OR Online event...
- Columbia Sportswear Signs as NASCAR Sponsor 08/17/2020 insideoutdoor.com - Columbia Sportswear announced a multiyear sponsorship with NASCAR Cup Series driver Bubba Wallace. The agreement enlists Wallace as Columbia’s newest brand ambassador and includes a primary sponsorship of the No. 43 Richard...
- Fitbit Premium Reaches 500,000+ Paid Subscribers in First Year 08/17/2020 businesswire.com - Fitbit announced that Fitbit Premium, its paid membership service that gives guidance to help users move more, manage stress, sleep better and eat well, has reached more than 500,000 paid subscribers in...
- Are Neck Gaiters Really ‘the Worst’ COVID-19 Face Covering? 08/13/2020 menshealth.com - The easy up, easy down, flexible, outdoor exerciser’s BFF, the neck gaiter face covering, got lots of hate this week, after a Duke University study said that they are “worse than wearing...
- Men Are Wearing Open-Toed Timberland Boots & Twitter Is Screaming 08/13/2020 footwearnews.com - Earlier this summer a new trend emerged, and based on social media’s reaction, it may not last long. Men are cutting out the heel counter to allow some air flow, making Timberland...
- REI Pushed Ineffective Hand Sanitizer Amid Virus, Suit Says 08/12/2020 law360.com - Outdoor gear retailer Recreational Equipment Inc. and a Massachusetts hand sanitizer company sought to capitalize on the COVID-19 pandemic by falsely marketing an alcohol-free product as a "proven alternative to alcohol sanitizers,"...
- Behind REI’s decision to abandon its new eight-acre, state-of-the-art campus 08/12/2020 snewsnet.com - After a pandemic-prompted trial run, the retailer will deconstruct the traditional idea of "headquarters" in favor of remote, flexible work. on SNEWS.
- Canada Goose: Fiscal 1Q Earnings Snapshot 08/11/2020 sfchronicle.com - Canada Goose Holdings Inc. reported a loss of $36.1 million in its fiscal first quarter, with a loss of 33 cents per share. Losses were 25 cents per share. The high-end coat...
- Thinking About Using Your Neck Gaiter As a Coronavirus Mask? Don’t 08/11/2020 adventure-journal.com - It’s tempting to repurpose your Buff or other neck gaiter as a face mask in this time of coronavirus. But a new study from Duke University in North Carolina shows that using...
- If You’re Diagnosed with Cancer, Don’t Quit Exercising 08/09/2020 outsideonline.com - The American College of Sports Medicine (ASCM), the American Cancer Society, and 15 other international organizations published new exercise guidelines for people with cancer. Researchers cited the fact that exercise not only...
- Acting National Park Service Director announces abrupt retirement 08/07/2020 snewsnet.com - He announced abruptly that he would depart his role as de facto head of the NPS and retire. Vela will be replaced by principal deputy director of the U.S. Fish and Wildlife...
- The shady world of pro deals 08/07/2020 snewsnet.com - Are pro programs a legitimate perk for industry professionals or a discount sales channel run amok? Some insiders are calling the whole scene a complete farce. Here's why on SNEWS.
- Yeti Posts Strong Quarter in Midst of Pandemic 08/06/2020 shop-eat-surf.com - Yeti turned in a blockbuster quarter given the circumstances with increases in both the top and bottom lines. Sales for the quarter ended June 27 rose 7% to $247 million driven by...
- GoPro’s Q2 Revenues Drop 54 Percent 08/06/2020 sgbonline.com - GoPro reported sales fell 54.1% in the second quarter ended June 30 to $134.2 million from $292.4 million a year ago. Revenue for Q2 2020 was $134 million, a 12% sequential improvement...
- Fitbit Reports Second Quarter Results for the Three Months Ended July 4, 2020 08/05/2020 businesswire.com - Fitbit, Inc. reported revenue of $261 million, GAAP net loss per share of $(0.39), non-GAAP net loss per share of $(0.12), GAAP net loss of $(104) million, non-GAAP net loss of $(32)...
- Merrell and Sperry Parent Handily Tops Forecasts Despite Widespread Store Closures 08/05/2020 footwearnews.com - Amid the coronavirus pandemic, business at Wolverine World Wide Inc. appears to be bouncing back. Reported second-quarter financial results beat analysts’ expectations: For the three months ended June 27, it logged adjusted...
- Camping World Triples Q2 Net Income On 9 Percent Sales Gain 08/05/2020 sgbonline.com - Camping World Holdings, Inc. reported revenue increased 9%, or $132.4 million, to $1.61 billion for the second quarter ended June 30. SG&A expenses as a percentage of gross profit were 56% for...
- Fitbit Sees 17 Percent Q2 Revenue Decline 08/05/2020 sgbonline.com - Fitbit Inc., which has agreed to a merger with Google, reported sales fell 16.7% in the second quarter, to $261.3 million from $313.6 million a year ago. The net loss came to...
- The New Panic Buys: Kayaks, Pools, Tents and Trampolines 08/04/2020 nytimes.com - First was the bike rush, which caused shortages that, for some brands, run into next year. Next were kayaks and stand-up paddle boards, and then, running shoes. Next up are camping gear....
- The Great American Outdoors Act has become law 08/04/2020 snewsnet.com - One of the largest conservation bills drafted in recent memory was signed into law today, ending a months-long process. The Great American Outdoors Act guarantees mandatory, permanent financing of the Land and...
