Wall Street was impressed by the consumer- and product-led strategies laid by Columbia Sportwear’s top executives last week to drive growth at its first-ever Investor Day, but several felt near-term macroeconomic pressures will present challenges to meeting goals. (Read More)
Dara Treseder, Peloton's head of marketing, is leaving the company, effective October 4, to become chief marketing officer at Autodesk. (Read More)
Amazon added a Prime-exclusive two-day shopping event in October. Its "Prime Early Access Sale" is for Amazon Prime members offering Black Friday-like deals from October 11-12. (Read More)
LootMogul announced that an agreement has been made for Hoop Culture Inc., the basketball lifestyle brand, to acquire the naming rights for the Metaverse Arena in Orlando. (Read More)
The USGA and Peter Millar signed a partnership agreement designating Peter Millar the Official Outfitter of the USGA and supporting partner of the U.S. Open Championship. Peter Millar hired industry veteran Patrick Kiely as vice president, Strategic Partnerships & Corporate Sales, to support the partnership and oversee the day-to-day operations with the USGA team. (Read More)
Mountainsmith, the Colorado-based hiking and camping gear manufacturer for over 40 years, created the Timber lumbar pack, its first dedicated hunting and fishing pack. The design includes a front panel for organizing smaller... (Read More)
JD Sports reported earnings before tax and exceptional items declined 46.9 percent in the first half of its North America operations, which include Finish Line, Shoe Palace, DTLR, and JD locations. The company attributed the decrease to the lack of fiscal stimulus that boosted year-ago results and the supply shortage from major international brands. (Read More)
The head of compliance and risk at Peloton Interactive, Inc., Lance Lanciault, has left the company and joined Snapchat parent Snap, Inc. (Read More)
Helinox x Deus collaborated on a limited edition run of two Helinox packable outdoor “classics” dual-branded, dressed and paneled with three bespoke Deus camouflage prints. The collection is a “customized... (Read More)
In its first Investor Day in its 84-year history, Columbia Sportswear Co. outlined a broad strategy to increase sales by 9 percent to 11 percent and EPS by 12 percent to 15 percent on a Compound Annual Growth Rate (CAGR ) from 2022 to 2025. The gains are expected to be led by footwear, international expansion and digital sales growth. (Read More)
Taurus announced it hired Caleb Giddings as marketing manager for the manufacturer of handguns for defense, hunting and sport shooting. (Read More)
Greg Norman Collection announced it hired Peter Bentivegna as vice president and creative director, overseeing men’s and women’s design and product development across the brand’s green grass, wholesale and DTC retail channels. (Read More)
Columbia Sportswear Company introduced its three-year financial targets aimed for a 9 perdent to 11 percent organic sales growth and 12 percent to 15 percent EPS growth on a compound annual growth rate (CAGR) basis from 2022 to 2025. The targets were announced ahead of its first Investor Day, scheduled for September 22, at its headquarters in Portland, OR. (Read More)
A judge has given tentative approval in a $54 million settlement involving Wolverine Worldwide and 3M Co. related to a class action lawsuit over PFAS chemicals that contaminated drinking water in western Michigan. The chemicals from a since-closed tannery were discovered five years ago. (Read More)
Foehn, the Canadian manufacturer, debuted its 20-piece FW outerwear collection. The company’s flagship Salem Dyneema Down Parka meets Alpine Standards for mountain survival wear. The outer layer of Dyneema fabric was... (Read More)
Mammut Sports Group AG appointed Felix Muennich as chief commercial officer, effective November 1. Muennich is an 18-year veteran working in the sporting and consumer goods industry, most recently at Nike. (Read More)
Outdoor participation has proven sticky as participation grew in 2021, according to the Outdoor Foundation's recently released 2022 Outdoor Participation Trends Report, which showed that outdoor participants increased by 6.9 percent since the pandemic began in early 2020, with the number of new and returning (lapsed) outdoor participants up 26 percent. (Read More)
Smith, the manufacturer of snow goggles and helmets, promoted Rob Retzlaff to global vice president of sales. (Read More)
MiddleGround Capital, the investment specialist and buyer of middle market B2B industrial and specialty distribution companies, purchased North American bike parts and accessories distributor HLC. The terms were not disclosed. (Read More)
Costa Sunglasses brings next-level “Pro-formance” to its best-selling Jose frame. As... (Read More)