Industry News
Industry News Archive for dates of Friday, October 26, 2018 thru Thursday, November 8, 2018
- REI to invest $1 million in Outdoor Foundation’s Thrive Outside program, youth development initiatives 11/08/2018 bicycleretailer.com - REI Co-op is investing $1 million in the Outdoor Foundation, the charitable arm of Outdoor Industry Association, to support the Thrive Outside program, designed to help young people's social, emotional and academic...
- Outerwear, Fanny Packs Drive U.S. Outdoor Sales, Says NPD 11/07/2018 insideoutdoor.com - Sales within the core, $18.8 billion U.S. outdoor industry declined 2 percent in the 12 months ending August 2018, according to The NPD Group. Beneath the surface, however, bags and outerwear have...
- Wolverine World Wide Reports Third Quarter 2018 Results and Raises Full-Year Earnings Outlook 11/07/2018 wolverineworldwide.gcs-web.com - Reported revenue of $558.6 million decreased 3.9% during the third quarter. Underlying revenue increased 0.5% and further adjusting for currency, increased 1.1%. Reported gross margin was 41.6%, as compared to 39.7% in...
- Newell Brands To Sell Pure Fishing To Sycamore Partners For $1.3 Billion 11/07/2018 gbonline.com - Newell Brands on Wednesday announced it has signed definitive agreements to sell Pure Fishing to the private equity firm Sycamore Partners for $1.3 billion. Pure Fishing's portfolio of brands include Abu Garcia,...
- New Report Suggests 5 Countries Control 70% of the World’s Wildernesses 11/06/2018 theadventureblog.blogspot.com - According to a new study conducted by the University of Queensland and the Wildlife Conservation Society, roughly 94% of the planet's wildernesses are controlled by just 20 countries. Even more alarming is...
- Black Diamond’s Strong Q3 Helps Clarus Reach New Heights 11/06/2018 sgbonline.com - Black Diamond reported sales jumped 22 percent to a record $55.7 million. Net income improved significantly to $4.1 million, or 14 cents per share, compared to a net loss of $1.6 million...
- Vasque Names National Sales Manager 11/05/2018 insideoutdoor.com - Vasque Footwear announces Peter McConkie as its new National Sales Manager. Beginning in November, McConkie will head up leadership of the domestic sales team. He is charged with driving domestic wholesale business...
- REI Launches Camping Project 11/05/2018 insideoutdoor.com - REI Co-op launched Camping Project, an new product that enables users to search for bookable campsites and outdoor properties by location and nearby activities. This tool, available at REI.com/campgrounds, is the result...
- GoPro’s Sales Improve 1 Percent Sequentially 11/01/2018 sgbonline.com - GoPro Inc. posted a net loss in the third quarter ending Sept. 30 with sales declining 13% year-over-year. But sales were up 1% sequentially. Revenues declined 13.3% to $285.9 million, ahead of...
- OROS Closes $5 Million Seed Round & Launches New Winter 2018 Outerwear Line 11/01/2018 outdoorindustry.org - The technology that insulates modern spacecraft against the most extreme conditions is now at the nucleus of OROS’ revolutionary outerwear. OROS’ new line showcases the Orion Parka, OROS’ Flagship product, and arguably...
- Canada Goose Takes First Step in Footwear Journey with Acquisition of Baffin 11/01/2018 businesswire.com - Canada Goose Holdings Inc. announced that it has acquired Baffin Inc., a Canadian designer and manufacturer of performance outdoor and industrial footwear, for a purchase price of $32.5 million Canadian dollars subject...
- Outdoor Research Expands Sales Team, Announces Tech Platform to Support Wholesale 10/29/2018 insideoutdoor.com - Outdoor Research has hired Andy Burke as head of commercial sales. Burke comes to his new post from Prana, where he worked for more than six years as its national sales manager....
- Columbia Sportswear Notches Strongest Earnings In Company History 10/26/2018 sgbonline.com - Project CONNECT initiative, Columbia Sportswear reported earnings topped Wall Street targets for the seventh straight quarter. Net income rose 14.2 percent to $100.2 million, or $1.42. Non-GAAP income increased 11 percent to...
- Yeti’s IPO Makes Lackluster Debut 10/26/2018 sgbonline.com - Amid volatile stock market conditions, Yeti’s initial public offering were priced at $18, below the company’s projected range of $19 to $21. Yeti also sold 16 million shares in the offering, down...
- Couple Found Dead on Grand Canyon Trail 10/26/2018 outsideonline.com - Two deceased individuals were found by hikers 100 feet below the South Rim of the Grand Canyon. They were identified as Garret Bonkowski and Jessica Bartz, who entered the park on Sept....
