Alterra Mountain Co. on Tuesday announced its plans to invest $223 million in capital improvements across its 15 North American mountain destinations for the upcoming year to enhance the guest experience.
Author: SGB Media

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.

Dick’s Q4 Earnings Beat Targets, To Remove Hunt From 440 Stores
Dick’s Sporting Goods reported fourth-quarter earnings topped Wall Street’s expectations as same-store sales rose 5.3 percent. The retailer also announced it was removing the hunt category from another 440 stores.

Kinsey’s Acquires Alpine Archery
Kinsey’s has purchased Alpine Archery and will reinvigorate the brand and its assortment of archery products.

SFIA Cancels National Health Through Fitness Day Events
The Sports & Fitness Industry Association cancels the National Health Through Fitness Day, scheduled to take place on March 10-11 in Washington, DC.

Vail Resorts Withdrew 2020 Guidance On Coronavirus Concerns
Vail Resorts Inc. reported flat earnings in the second quarter ended January 31 and said it was withdrawing its guidance for fiscal 2020 due to the uncertain impact of coronavirus for the rest of the year.

Clarus Rides Black Diamond To Earnings And Revenue Beat
Clarus Corp., parent of Black Diamond Equipment and Sierra Bullets, on Monday reported fourth-quarter net income of $12.4 million, or 40 cents per diluted share, topping Wall Street’s estimates by 9 cents. The company’s Q4 revenue of $61 million was $1.3 million better than analysts’ targets behind a 13 percent increase in Black Diamond sales that partially offset a 35 percent decline in Sierra sales.

Utah Names Grewe Director Of Office Of Outdoor Recreation
Patrick “Pitt” Grewe on Monday was appointed by Utah Governor Gary Herbert as the third director of Utah’s Office of Outdoor Recreation. Established in 2013, the organization was the nation’s first office of outdoor recreation.

Recreation Leaders Applaud Senate Funding Of LWCF
Outdoor Recreation Roundtable (ORR) members on Monday lauded the Senate for introducing a bipartisan bill, the Great American Outdoors Act, that prioritizes the $20 billion maintenance backlog facing our public lands and waters to fully fund the Land and Water Conservation Fund (LWCF).

Adidas Employee At Germany Headquarters Contracts Coronavirus
Adidas said one of its employees at its headquarters in Herzogenaurach, Germany has tested positive for the coronavirus.

U.S. Polo Assn. Wins Key Legal Decision In South Africa
The U.S. Polo Assn. brand, through its exclusive Licensee for South Africa, Stable Brands Ltd., on Monday announced another significant legal battle against rival fashion brand LA Group Ltd. in South Africa.

Accell Group’s Sales Advanced 7.9 Percent In 2019
Accell Group N.V., the European bicycle company with brands such as Haibike, Koga, Batavus and Raleigh, reported 2019 revenues rose 7.9 percent.

Ross Stores To Open 100 New Locations In 2020
Ross Stores announced plans to add approximately 100 new stores—75 Ross and 25 dd’s DISCOUNTS locations—during fiscal 2020.

Golf Town, Club de Golf Lévis Announce Three-Year Partnership
Golf Town, Canada’s largest golf retailer, on Monday announced its three-year partnership with Club de Golf Lévis, a semi-private golf course in Lévis, Quebec.

The Colorado Classic Announces 2020 Host Communities
The Colorado Classic on Monday announced the four cities that will host the cycling race this summer—Snowmass Village, Avon, Boulder and Denver. Held August 27-30 and presented by Denver-based VF Corp., the Colorado Classic is North America’s only standalone women’s professional stage race.