As a direct result of growing demand, Igloo announced it will be looking to fill up to 500 temporary manufacturing positions in its Katy, TX-based plant.
Author: SGB Media
Yeti Appoints Tracey Brown To Board Of Directors
Yeti Holdings Inc. announced its Board of Directors has appointed Tracey D. Brown, chief executive officer of the American Diabetes Association, as an independent director, effective immediately.
Descente’s Revenues Sink In Fiscal Year
Descente Ltd. reported sales dropped 12.6 percent in its fiscal year ended March 31, to Japanese ¥124.6 billion ($11.6 bn).
OBIT: Dick Lipsey
Richard “Dick” Lipsey, founder, president, and CEO of SBRnet with a long career in supporting research for the sporting goods industry, passed away on May 15, 2020 at the age of 89. Lipsey underwent bypass surgery for a heart attack and was set to return home when he contracted COVID-19.
Consumer Confidence Ticks Up In May
The Conference Board Consumer Confidence Index held steady in May, following a sharp decline in April. The Index now stands at 86.6 (1985=100), up from 85.7 in April.
Thor Industries Releases RV Consumer Survey Report
A survey of RV owners and prospective owners across North America found that 94 percent of consumers still plan to vacation in 2020. The survey from Thor Industries, a leading maker of motorhomes and campers, explored changes in RV consumer travel and purchase intent since the onset of the coronavirus pandemic.
360 Adventure Collective Cancels Summer Expos In Mid-Atlantic And New England Regions
360 Adventure Collective has decided to cancel the 2020 New England and Mid-Atlantic regional trade shows due to safety concerns related to the spread of the novel coronavirus.
Mouthguard Club Lands $1M Venture Capital Investment
Retainer Club, a subscription retainer service, and Mouthguard Club, which provides athletes with custom-designed mouthguards, announced the closing of a $1 million venture capital investment from Will Ventures, an early-stage venture capital firm that focuses on companies at the intersection of sports and technology.
Vida Shoes To Undergo Corporate Restructuring
Vida Shoes International, a licensee of fashion footwear brands, said it made the difficult decision to streamline teams throughout its operation with layoffs and temporary salary reductions. The announcement comes on the heels of COVID-19 as companies across industries are facing cost-cutting measures.
Hibbett Sports Posts Q1 Loss On Steep Sales Decline
Hibbett Sports Inc., posted a net loss of $15.3 million, or 92 cents a share, in the first quarter, as sales dropped 21.4 percent. E-commerce sales vaulted 110.5 percent and the retailer said its strong balance sheet provides ample liquidity to manage the COVID-19 fallout.
Asics Releases 2019 Sustainability Report
Asics Corp. released its 2019 Sustainability Report which summarizes the company’s progress towards medium- and long-term sustainability targets. The results for 2019 were highlighted by a 27.9 percent reduction in CO2 emissions per pair of shoes during the manufacturing process, far greater than targeted.
Wildwater Reopens After Brief Coronavirus Closure
Wildwater, the oldest outfitter in the Southeast, announced that it has resumed activities at all five of its adventure centers with new social distancing and health guidelines in place.
The Orvis Company Appoints Simon Perkins President
Orvis announced the appointment of Simon Perkins to president. Perkins will assume full strategic and operational leadership of the company as president and is the third generation of the Perkins family to lead Orvis since 1965. Outgoing President/CEO Bill McLaughlin will act as an advisor through the transition period.
Puma Signs Iceland Soccer Team
Puma announced that it has entered into a long-term partnership with the Football Association of Iceland (KSI) to become the official technical sponsor of men’s, women’s and youth teams.
Tecnica Group Closes 2019 With Record Turnover And Results
Tecnica Group reported that sales grew 6.4 percent to €424 million ($474.8 mm) in 2019, exceeding the target of its 2016/20 Industrial Plan. The company said Q1 2020 was tough, but the trend was positive for Rollerblade, the outdoor sector, and e-commerce despite COVID-19.
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