Industry News
Industry News Archive for dates of Friday, February 1, 2019 thru Thursday, February 14, 2019
- Canada Goose Holdings Q3 Earnings Soar 02/14/2019 sgbonline.com - Canada Goose Holdings Inc. reported third-quarter earnings catapulted 66.2% on a 50.2% revenue hike. In Canadian Dollars: Total revenue increased by 50.2% to $399.3m, net income per diluted share increased by 66.1%...
- Yeti Holdings Q4 Profits Jump 02/14/2019 sgbonline.com - Yeti Holdings Inc. reported a sharp jump in net earnings in the fourth quarter as revenues climbed 19%.Net sales increased 19% to $241.2 million, gross margin improved 690 basis points to 53.0%,...
- More Details on China’s New Climbing Rules for Everest 02/14/2019 adventureblog.net - This past fall the news broke that China was issuing strict new climbing rules for Everest in an effort to improve safety and overall conditions on the mountain. With just six weeks...
- Snow Sports Sales Up with Snow Fall, Says NPD 02/13/2019 insideoutdoor.com - As the snow came down, winter/snow sports gear sales were up 7% in the early part of the season. From August through December 2018, snow sports gear and apparel sales reached $4.3...
- Outdoor Industry Association Names Amy Horton as Senior Director of Sustainable Business Innovation 02/13/2019 outdoorindustry.org - Outdoor Industry Association (OIA) announced that Amy Horton will join the OIA executive team as senior director of sustainable business innovation. Prior to her consulting strategy work, Amy worked full time for...
- Can ‘Bench Strength’ Bolster REI During Leadership Transition? 02/13/2019 sgbonline.com - The news about Jerry Stritzke, president and CEO of REI Co-op, resigning after admitting to having a personal and consensual relationship with “the leader of another organization” jolted the outdoor industry. But...
- REI’s Jerry Stritzke resigns after investigation into personal relationship 02/12/2019 snewsnet.com - REI President and CEO Jerry Stritzke is resigning on March 15 after he and the Board of Directors agreed that his relationship with another leader in the outdoor industry is a perceived...
- Vista Outdoor reports 20% drop in Q3 sales compared to previous year 02/11/2019 cyclingindustry.news - Vista Outdoor has reported sales for Q3 at $468 million, down 20% on the same quarter last year and 13% organically. The company is the parent of Bell Helmets, Giro, CamelBak and...
- POW: International Skiing Federation president is a climate-denying dinosaur 02/11/2019 snewsnet.com - Boulder-based Protect Our Winters (POW) is demanding that the International Skiing Federation president step down after he questioned climate change.
- Cavers Are Pissed at Prana’s Photo of Chris Sharma 02/07/2019 outsideonline.com - Prana’s spring catalog has spurred an outcry due to an image of Chris Sharma climbing the walls of an underground cave. In the photo, titled “pitch black mallorcan cave,” a flip-flop clad...
- Scott Sports and Bach Equipment join forces 02/06/2019 cyclingindustry.news - Scott Sports has announced it is now organising the global distribution of Bach Backpacks, in turn expanding its offering to the outdoor sector. Bach develops, designs and markets both technical backpacks and...
- GoPro Posts First Profit In Five Quarters 02/06/2019 sgbonline.com - GoPro Inc. reported a profit against a year-ago loss in the fourth quarter as sales climbed 13%. Revenue for Q4 2018 was $377 million, up 13% year-over-year. GAAP gross margin for Q4...
- Former Cabela’s Employees Launch Highby Outdoors 02/05/2019 sgbonline.com - A number of former Cabela’s employees, led by Matt Highby, have officially launched Highby Outdoors, a e-commerce site focusing on outdoor gear. The company will initially offer an extensive line of outdoor...
- Camber CEO Outdoor Equity Pledge sparks major backlash 02/04/2019 outdoorsportswire.com - The Pledge, announced to a packed house at Outdoor Retailer Snow Show, was intended to bring the industry together, but ignited a wave of skepticism and criticism instead.
- Is REI too big? 02/01/2019 snewsnet.com - The industry’s largest specialty retailer is also its most powerful. Does that make it a visionary leader? Necessary evil? Cutthroat competitor? Or something else entirely?
- New Outdoor Accelerator debuts with powerful coalition, diverse class of startups 02/01/2019 snewsnet.com - Colorado’s newest business accelerator announced the selection of four innovative young companies to participate in its first 12-week business development program. Catapult Outdoor Accelerator is a unique collaboration of industry-leading brands in...
- Columbia Sportswear Sues Seirus, Ventex For Patent Challenge Fraud 02/01/2019 sgbonline.com - Columbia Sportswear North America, Inc. filed a $20,000,000 racketeering lawsuit against Seirus Innovative Accessories and Ventex Co., claiming the companies committed fraud and infringed on two of Columbia’s patents. Columbia claims Seirus...
- Wolverine Worldwide Makes Investment In Thrive Outside 02/01/2019 sgbonline.com - Wolverine Worldwide is investing $300,000 in the Outdoor Foundation, the charitable arm of Outdoor Industry Association, to support the Thrive Outside Communities program, designed to help young people’s social, emotional and academic...
