Author: Eric Smith

Vail Resorts CEO Talks Coronavirus, Snowfall, Lift Lines, M&A

Vail Resorts CEO Talks Coronavirus, Snowfall, Lift Lines, M&A

Vail Resorts on Monday withdrew its fiscal 2020 guidance because it’s not yet sure how badly the coronavirus outbreak will sag its financial performance. The company plans to provide an update next week, but right now Vail plans to keep all its resorts open as scheduled, according to CEO Rob Katz, who addressed this issue and others on the fiscal second-quarter earnings call. (Read More)

Conversation With Bjorn Fjellstad Of Sweet Protection

Conversation With Bjorn Fjellstad Of Sweet Protection

Bjorn Fjellstad, managing director of the Norwegian apparel and protective gear maker Sweet Protection, is working to build momentum across the globe but especially in the U.S., which represents the brand’s biggest growth opportunity. He spoke with SGB Executive about Sweet Protection’s sharpened focus on this market, including the launch of a new category. (Read More)

Fox Factory’s Bike Sales Soar In Q4

Fox Factory’s Bike Sales Soar In Q4

Fox Factory Holding Corp. shares were up in the mid-single digits Wednesday morning after reporting an earnings and revenue beat for the fourth quarter driven by strength across all categories, including the company’s Specialty Sports Group. That segment includes Fox Factory’s bike component brands—Fox, Marzocchi, Easton cycling and RaceFace. (Read More)

February M&A Roundup: BSN Sports, CGPR And More

February M&A Roundup: BSN Sports, CGPR And More

BSN Sports dominated last month’s M&A activity. The Dallas, TX-based team sports apparel and equipment distributor announced a trio of acquisitions in February, bringing the company’s 2020 total to four. Also, the boutique outdoor and active lifestyle public relations firm CGPR found a new home with a larger agency in a deal that provides synergies for both. (Read More)

Camping World Turns The Page

Camping World Turns The Page

Last year, Camping World Holdings Inc. closed or sold more than 60 locations that didn’t sell or service RVs, a move took a toll on 2019 results by causing some short-term revenue and earnings pressure. But as Camping World turns the page on its retail model and refocuses on its core RV business, the company appears better positioned for 2020 and beyond. (Read More)

2019 Was Watershed Year For 5.11 Tactical

2019 Was Watershed Year For 5.11 Tactical

5.11 Tactical, the apparel and gear brand owned by Compass Diversified Holdings LLC (CODI), truly found its stride in 2019 and Q4, in particular. The brand posted its second consecutive quarter of double-digit revenue growth and fourth consecutive quarter of double-digit EBITDA growth. Here’s how 5.11 did it and what’s in store for 2020 and beyond. (Read More)

How TJX Bucked Retail Trends In 2019

How TJX Bucked Retail Trends In 2019

The TJX Cos. Inc. clearly doesn’t subscribe to the “retail apocalypse.” The parent of T.J. Maxx, Marshalls, Sierra and other retailers added 223 net stores in 2019 even as competitors shuttered doors. On TJX’s earnings call this week, CEO Ernie Herrman shared some of the reasoning behind the company’s ability to buck the wider industry trend. (Read More)

Can Nautilus Catch Its Connected-Fitness Competitors?

Can Nautilus Catch Its Connected-Fitness Competitors?

On Monday’s fourth-quarter earnings conference call, Nautilus Inc. CEO Jim Barr admitted that the Vancouver, WA-based fitness manufacturer got a late start bringing connected equipment to the marketplace. Despite being late to the category, Nautilus has shifted into high gear and is spinning furiously to gain ground on leaders like Peloton, Echelon and others. (Read More)

After Solid Debut, FW Apparel Lifts Expectations For Year Two

After Solid Debut, FW Apparel Lifts Expectations For Year Two

FW Apparel (the FW is pronounced “forward”) is the skiwear brand that launched last fall. With its inaugural season not yet completed, FW Apparel—whose sister company is Faction Skis—has already begun targeting bigger aspirations for year two. Brand director Olivier Gouby, aka “OG,” spoke with SGB Executive at the recent Outdoor + Snow Show about FW’s lofty expectations. (Read More)

Conversation With Powdr Co-President Wade Martin

Conversation With Powdr Co-President Wade Martin

Fresh off an acquisition and the opening of a new Woodward facility, Park City, UT-based Powdr is feeling flow. In this SGB Executive conversation, Powdr Co-President Wade Martin dishes on everything from the health of the ski resort industry to the importance of capital investment allocation to why the company doesn’t view M&A like it’s a game of Risk. (Read More)

Meier Skis’ Ted Eynon Talks Sustainability, ‘Craft Skiery’ And More

Meier Skis’ Ted Eynon Talks Sustainability, ‘Craft Skiery’ And More

Meier Skis dubbed its Denver, CO, digs a “craft skiery”—a combination manufacturing facility and bar where patrons can learn about the brand, watch the production process and knock back a cold one. At last month’s Outdoor + Snow Show, company owner Ted Eynon dished on the concept and other initiatives brewing at the independent ski maker. (Read More)

Utah’s Outdoor Industry Rolling, But Don’t Call It A Comeback

Utah’s Outdoor Industry Rolling, But Don’t Call It A Comeback

Utah’s outdoor industry enters 2020 on a roll. Not only did the state land the headquarters of newcomer brands Jack Wolfskin and Ventum, but it’s also seeing investments from stalwarts like Amer, Black Diamond and Gregory, and this summer it welcomes a new outdoor hardgoods trade show—all despite a recent high-profile setback for the state. What’s driving the turnaround? (Read More)

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