Author: ericsmith

How To Navigate The Trade War

Companies that are subject to new tariffs on Chinese-made products might be able to mitigate some or all of the financial impact, according to David Cohen, a Washington, DC-based international trade lawyer, who spoke at the recent SFIA Industry Leaders Summit. “You’re not sitting ducks. There are ways, there are countermeasures, that companies can take.”

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SGB Executive Q&A: Coast Products CEO David Brands

Coast Products has a rich history. The Portland, OR-based maker of knives, multitools, headlamps, flashlights and other accessories is turning 100 next year and has been family-owned since its founding in 1919. CEO David Brands spoke with SGB about the origins of the company his grandfather created, what’s driving growth and where Coast goes from here.

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September M&A Roundup: Ski Resort Consolidation Ramps Up

Signs of the coming ski season are evident in many North American mountain towns, where fall foliage is peaking, snowmaking has begun at some resorts and a new crop of ski and snowboard films is hitting theaters. Ski area operators are especially active these days, of course, but not only from fine-tuning their chairlifts and hiring seasonal staff. They have been busy expanding their empires.

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SGB Executive Q&A: Hibbett Execs Discuss Latest Digital Initiative

The leadership team at Hibbett Sporting Goods Inc. readily acknowledges that the Birmingham, AL-based retailer has been behind the curve on digital capabilities, but Monday’s launch of new online features—Buy Online, Pick Up In Store (BOPIS) and Reserve Online, Pick Up in Store (ROPIS)—is another step in Hibbett’s plan to close the gap on its competitors.

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Behind The Deal: Peak Resorts Makes Strong Play With Snow Time Acquisition

The move that Peak Resorts Inc. made Monday—the $76 million acquisition of Snow Time Inc. and its three Pennsylvania ski areas—won’t generate the same buzz as deals made by competitors such as Vail and Alterra, but the Wildwood, MO-based company’s purchase does pack plenty of punch. Company executives spoke with SGB about the purchase.

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Reima’s Successful U.S. Debut Has Kidswear Brand Eyeing More Growth

Reima, a Finland-based maker of functional kidswear, debuted in the U.S. about a year ago, and the stateside expansion has been a successful one thanks to landing some premium retailers and successfully building brand awareness, according to Matti Lehtovirta, international sales director, who shared some company updates this week with SGB via email.

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Industry Voices Grow Louder In Opposition To Trade War

President Trump’s claim that increased tariffs on foreign goods have resulted in an improved business climate for U.S. companies has been widely rejected by representatives of the outdoor, sporting goods and active lifestyle industries, who are growing louder in their opposition to the administration’s escalating trade war.

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The Path to $5 Billion: Vans Unveils Roadmap For Lofty Goal

The numbers that the Vans leadership presented at Wednesday morning’s investor meeting in Costa Mesa, CA, were staggering relative to the company’s current financial snapshot of $3 billion in annual revenue for fiscal 2018. The footwear and apparel brand expects to generate compounded annual growth rate (CAGR) of 10 percent to 12 percent each year over the next five years to reach $5 billion in annual revenue by 2023. Here’s how the company plans to do it.

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August M&A Roundup: Implus Nets Sporting Goods Asset

The last full month of summer was again quiet on the M&A front, with only a handful of notable deals in the sporting goods, outdoor and active lifestyle industries. But August did get off to a strong start when Implus announced the company would acquire Pro Performance Sports LLC, dba SKLZ, a provider of multisport athletic performance and skill development training products.

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