David Johnson, CFO, said, “Johnson Outdoors’ balance sheet remains strong, and the dividend increase reflects our confidence in our business performance and strategic plans.”
Author: SGB Media
Vuori Achieves Climate Neutral Certification
Vuori, the technical performance apparel brand, has successfully achieved Climate Neutral Certified status by measuring its 2019 greenhouse gas emissions footprint, purchasing carbon credits to offset that footprint, and implementing plans to reduce emissions this year and beyond.
Asics Joins RE100
Asics announced that it has joined RE100, the global environmental initiative composed of member companies committed to relying solely on renewable energy for electricity in their businesses. As a member company of RE100, Asics will aim to use only renewable electricity across all Group companies by 2050.
NFHS, NFL Announce Partnership To Promote High School Football
The National Federation of State High School Associations (NFHS) and the National Football League (NFL) have announced a partnership to promote growth and support for football at the high school level.
Sportsman’s Warehouse Acquires Two More Field & Stream Stores
Sportsman’s Warehouse Holdings Inc. announced that it has entered into agreements with Dick’s Sporting Goods Inc. to purchase two Field & Stream locations in Erie, PA and Charleston, SC.
Perry Ellis Extends Accessories Partnership With PGA Tour
Perry Ellis International’s golf division (PEI Golf) announced an extension of its license agreement with the PGA Tour to produce golf accessories and training aids under the PGA Tour brand, as well as the addition of important new product categories and initiatives. The parties agreed to extend the license agreement, which was initially set to expire in 2022, through December 31, 2025.
Smith Integrates Customer-Service Team
Smith Optics incorporated its Consumer & Dealer Services division within its Portland-based headquarters. Joining the product, marketing and sales departments, the customer-facing support team integrates into the hub of the Smith brand.
Rumpl Partners On New Zealand Distribution
Rumpl, the maker of technical blankets, announced a distribution partnership with Compendium Limited, a distributor in the New Zealand and Pacific Island region.
Vail Resorts Q4 Results Negatively Impacted By COVID-19
Vail Resorts, Inc. reported results for the fourth quarter and fiscal year ended July 31, 2020, which were negatively impacted by COVID-19 and the resulting closure of the company’s North American destination mountain resorts and regional ski areas on March 15, 2020. Fourth quarter results included approximately one month of operations from its North American summer and Australian winter seasons
G-III Apparel Adds Board Member
G-III Apparel Group Ltd. announced the election of Robert L. Johnson, founder and chairman of The RLJ Companies, LLC and former founder and chairman of Black Entertainment Television (BET), to the company’s Board of Directors.
Gap Inc. Expands Loyalty Program Across Banners
Gap Inc. said it is launching unique loyalty programs across the U.S. and Puerto Rico across each of its core brands: Navyist Rewards, Gap Good Rewards, Banana Republic Rewards, and Athleta Rewards, replacing its previous loyalty program, BRIGHT Rewards. Customers can earn and redeem rewards across its family of brands.
REI Co-op Achieves 14-Year Carbon Neutrality Commitment, Sets Ambitious New Climate Platform
REI Co-op announced it will complete a 14-year commitment to be carbon neutral in its operations in 2020 and launched an ambitious new climate platform that will see the co-op more than halve its carbon footprint over the next decade – even as the company anticipates future growth in size and revenue.
Boardriders’ Debt Ratings Upgraded By S&P
Boardriders Inc., the parent of Quiksilver, Billabong, Roxy, DC Shoes, RVCA and Element brands, saw its debt ratings upgraded by S&P Global Ratings as the company recently completed a transaction to provide needed liquidity. The issuer credit rating was raised to ‘CCC’ from ‘SD’, which reflects an updated view of the company’s still distressed credit risk.
Bass Pro Extends Partnership With Toyota
Toyota and partner Bass Pro Shops and Cabela’s announce the renewal of a longstanding partnership for an additional five years, which will lead the brands into 20 years of collaboration together.
Canada Goose Earns B1 CFR Debt Rating From Moody’s
Moody’s Investors Service assigned first time ratings to Canada Goose Inc., consisting of a B1 corporate family rating (CFR), B1-PD probability of default rating, a B2 rating to its proposed $300 million senior secured first-lien term loan B due in 2027, and an SGL-1 speculative grade liquidity rating. The outlook is stable.
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