Industry News
Industry News Archive for dates of Thursday, February 9, 2017 thru Wednesday, February 22, 2017
- Will Pipelines Destroy Our Thru-Hikes? 02/22/2017 outsideonline.com - A proposed 300-mile natural gas pipeline would cut a swath across the Appalachian Trail and could undermine protections for other National Scenic Trails across the country.
- Camber Outdoors Peak Partner Program Enters into Year Two with New Members—Arc’teryx and Patagonia Step Up as Peak Partners 02/22/2017 outdoorindustry.org - Camber Outdoors announced that Arc’teryx and Patagonia have become Peak Partners. This significant three-year contribution—above both companies’ membership dues to Camber Outdoors—will advance programs to support and accelerate women’s leadership and participation...
- Garmin shares jump on strong earnings, sales beat 02/22/2017 cnbc.com - Garmin reported revenue of $861 million for the fourth quarter, also beating Reuters' expectations of $792.9 million. The firm issued guidance for the full year 2017, saying it expects revenue to reach...
- Patagonia Launches Campaign to Defend Bears Ears from Utah Politicians 02/21/2017 outsideonline.com - Patagonia launched a campaign to flood Utah Governor Gary Herbert's office with comments in favor of Bears Ears National Monument. The company is using Phone2Action, a site that allows organizations to connect...
- Vail Resorts Buys Stowe Mountain, Expands East 02/21/2017 gearjunkie.com - Colorado-based Vail Resorts will acquire Stowe Mountain Resort for $50 million.
- PressCamp to stay in Utah for 2017, while exploring options and encouraging discussion 02/20/2017 bicycleretailer.com - Organizers of the PressCamp media events said they will continue to hold events in Utah this year, while exploring options for other venues and encouraging discussion at its events.
- More Resorts Accepting Ski Bikes, But With Caveats 02/20/2017 sgbonline.com - On February 24-26, ski biking devotees are set to gather in Durango, CO for the 15th annual Purgatory SkiBike Festival. The event draws a healthy crowd of participants and ski bike manufacturers,...
- MC Sports To Liquidate All 66 Stores 02/17/2017 sgbonline.com - MC Sports is closing all 66 of its stores across the Midwest. A joint venture between Tiger Capital Group and Great American Group will conduct the going-out-of-business sale, which is now underway.
- Cabela’s Inc. Shares Slide Further On Weak Q4 02/16/2017 sgbonline.com - Shares of Cabela’s Inc., already down this year due to concerns over the completion of its merger with Bass Pro, slid some more and reported fourth-quarter earnings that came in short of...
- Patagonia Forms Research Partnership With HeiQ 02/15/2017 sgbonline.com - Patagonia has formed an exclusive strategic research partnership with HeiQ, a Swiss textile technology innovator, to explore ways for a sustainable textile finishing technology to achieve high-performance breathable and durable water repellence...
- Walmart Acquires Moosejaw 02/15/2017 sgbonline.com - Walmart has acquired Moosejaw, a leading online outdoor retailer, for approximately $51 million. The acquisition closed on February 13, 2017. Walmart, in an attempt to better compete with online giant Amazon.com, commented...
- Outdoor Industry Issues Ultimatum To Utah Governor 02/14/2017 gearjunkie.com - On the heels of continued fallout from Governor Gary Herbert’s resolution to rescind national monument status from Bears Ears, the outdoor industry came together with a public ultimatum: Maintain federal protections or...
- Snow Peak Names GM Of North American Operations 02/13/2017 sgbonline.com - Snow Peak, an outdoor lifestyle company, named Yuji Bando as general manager of North American operations. An avid outdoorsman and sports enthusiast, Bando spent nearly 10 years working for Burton Japan in...
- Gander Mountain Mulling Chapter 11 02/13/2017 sgbonline.com - Gander Mountain Co. may soon become the latest retailer in the active lifestyle space to land in bankruptcy court, perhaps as soon as this month. According to a report from Reuters, the...
- Nordica Announces Changes To USA Management Team 02/13/2017 sgbonline.com - Nordica USA, a manufacturer of ski equipment, appointed Sam Beck as director of marketing and communications for the Nordica group. Beck will be responsible for creating and executing marketing strategies and tactics...
- Columbia Beats Forecasts 02/13/2017 insideoutdoor.com - Columbia Sportswear reported fourth-quarter earnings that topped most Wall Street expectations. Earnings in the quarter were up 33.7 percent to $84.7 million, or $1.20 a share in its fourth quarter, topping Wall...
- Confluence Outdoor Names Courtney Moore as Manager of Key Accounts 02/13/2017 outdoorindustry.org - Confluence Outdoor has promoted Courtney Moore to manager of key accounts for the company’s retail chain business.
- Small Outdoor Brands Are Reiventing How We Buy Gear 02/13/2017 outsideonline.com - Outdoor-apparel brands including Gustin, Taylor Stitch, Timberland, and Western Rise are asking customers to choose, and in some cases even design, the stuff they sell. It’s crowdfunding on a product-by-product basis.
- Outdoor Retailer – To Boycott Or Not To Boycott? 02/10/2017 sgbonline.com - The Outdoor Retailer controversy heated up this week, with companies and industry organizations making the difficult decision to boycott or not to boycott.
- Columbia Sportswear Delivers Upbeat Forecast For 2017 02/10/2017 sgbonline.com - Boosted by expanding gross margins and solid growth in its flagship brand, Columbia Sportswear reported fourth-quarter earnings that easily topped Wall Street’s targets. In its initial forecast, Columbia said it expects 4...
- Vista Outdoor Reports Steep Q3 Loss 02/09/2017 sgbonline.com - Vista Outdoor Inc. reported a net loss of $377.7 million, or $6.44 a share, in its third quarter ended January 1, dragged down by a goodwill charge of $449.2 million. On January...
- Columbia Sportswear’s Profit Climbs 34 Percent In Q4 02/09/2017 sgbonline.com - Columbia Sportswear Company announced record fourth-quarter net sales of $717.4 million for the quarter ended December 31, 2016, a 3 percent increase (2 percent constant-currency) compared with net sales of $699.4 million...
- Arc’teryx Withdraws from Outdoor Retailer Trade Show Over Utah Lands Issue 02/09/2017 adventure-journal.com - Arc’teryx announced that it will join Patagonia in pulling out of the biannual Outdoor Retailer trade show, held in Salt Lake City. Instead the company will donate an additional $150,000 over the...
