Tennis Industry Association reports that wholesale shipments of tennis products improved in the third quarter, with shipments of balls up mid-single digits and sales of high-end racquets up a surprising…
Author: Charlie Lunan
Sequoia Capital Invests in Strava
Strava, the social fitness app that has become popular in the road cycling community, has raised $18.5 million in a Series D funding round with help from Sequoia Capital, a venture capital fund whose more recent successes include Instagram, WhatsApp and S
Strava Raises $18.5 Million in Fresh Capital
Strava, the online network connecting the global community of athletes, has partnered with Sequoia and secured $18.5 million in financing. Existing investors Sigma West and Madrone Capital Partners also participated in the round. This funding will allow S
Trademark Issue Complicates GoLite’s Chapter 11 Reorganization
Coupounas LLC is striving to find investors willing to buy it as a going concern by Nov. 10, despite losing rights to use the GoLite trademark it sold to Timberland in 2006, according to an Oct. 24 motion filed in the company's Chapter 11 bankruptcy
ATK Revisiting Plan to Spin Off Outdoor Sports Unit
Tuesday's spectacular explosion of a space rocket in Virginia could kill ATK's plans to spin off its Outdoor Sports segment to shareholders as a new, publicly traded company that would be called Vista Outdoor Inc. ATK reported Wednesday that sal
Columbia’s Organic Sales Up 14 Percent in Third Quarter
Columbia Sportswear Company reported strengthening sales of Columbia branded product by its European direct-to-consumer business, incremental sales from its new China joint venture and newly-acquired prAna turbo-charged its 14 percent organic growth in th
Female Participation in Outdoor Recreation Rose in 2013
The Outdoor Foundation’s eighth annual Outdoor Recreation Participation Report shows participation among teenage girls increased by three percentage points in 2013, making up some of the ground lost in 2012. Participation rates among girls and young
GoPro Shatters Q3 Expectations With HERO4 Launch
GoPro Inc. blew through Wall Street expectations Thursday when it reported revenue grew 45.7 percent to $280.0 million in the third quarter ended Sept. 30 thanks to the highly successful launch of its new HERO4 wearable cameras…
Evolv Names Market Manager
Evolv, which makes climbing and outdoor footwear, has hired Kelsey Reddoch as its marketing manager…
Garmin Fitness Sales Growth Slows to 43 Percent in Q3
Garmin reported sales at its Outdoor and Fitness segments increased by 19 and 43 percent respectively in the third quarter and predicted its financial results would reach the high end of its guidance for the year…
TomTom Grew Sports Business in Third Quarter
TomTom reported that its sports business continued to gain traction in the third quarter as it improved awareness of its Cardio GPS watches, built out its sports distribution network and launched its first GPS watch for golfers…
Luxottica to Pay Outgoing CEO Euro 4 Million in Incentive Pay
Oakley and Ray-Ban parent Luxottica Group S.p.A. will pay outgoing CEO Enrico Cavatorta €4 million in incentive pay in addition to severance pay when he leaves the company Oct. 31…
Luxottica Says Cloudy European Summer Hurt Q3 Sun Sales
Luxottica Group said an absence of sunny weather in its core European markets dragged down third quarter sales by its sunglasses brands, which include Oakley, Ray-Ban and Sunglass Hut…
Interbike Moves IBD Summit to Tempe
Interbike will hold next year's IBD Summit near Tempe, AZ in January, marking the first time in the event's history it has not been held in April alongside the Bicycle Leadership Conference and the Sea Otter Classic in Monterey, CA…
PrimaLoft Launches Digital Library
PrimaLoft Inc. debuted a digital marketing portal for retailers, suppliers, the media and other stakeholders…
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