The 2019/20 season begins with a new look and feel across much of the industry—a fresh coat of wax, so to speak—so SGB took a look at the changes that occurred since last spring (or summer for a few lucky resorts and riders). Our winter sports preview touches on the least you need to know about the changing industry landscape—and also says farewell to an industry legend.
Author: SGB Media
Momentous Closes $5 Million Series A Funding Round
Momentous, the performance nutrition company based in Jackson Hole, WY, closed $5 million in Series A funding led by Los Angeles based firm FitLab, an investment fund focused on advancing human performance. Momentous joins a select group of performance brands in the FitLab portfolio, such as Laird Hamilton and Gabrielle Reece’s XPT and leading digital fitness platform Freeletics.
Toms Releases 2019 Impact Report
Toms released its 2019 impact report. The report provides a comprehensive overview of their giving, including 96.5 million lives impacted, since the brand was thirteen years ago
Ross Stores Raises 2019 Outlook After Q3 Beat
Ross Stores, Inc. reported earnings per share for the third quarter ended November 2, 2019 of $1.03, up from $.91 last year and ahead of Wall Street’s consensus estimates of 97 cents a share. Net earnings grew 9.8 percent.
Recall: Scarpa North America Ski Boots
Scarpa North America has recalled its Maestrale RS and Maestrale Men’s Ski Boots because the ski boot shell can crack, posing a fall hazard and risk of injury to the consumer.
Shoe Carnival Raises 2019 Outlook After Solid Q3
Shoe Carnival Inc. on Thursday raised its full-year earnings and revenue guidance after reporting a solid third quarter and nine months ended November 2.
Off-Price Growth Fuels Nordstrom’s Third Quarter
Nordstrom Inc. on Thursday reported earnings per diluted share of 81 cents for the third quarter ended November 2, beating Wall Street’s estimates by 16 cents. Total company net sales decreased 2.2 percent to $3.7 billion in Q3, improving by more than 200 basis points from the first half of 2019 and ahead of targets by $10 million.
Callaway Golf Names Scott Baxter To Board Of Directors
Callaway Golf Co. on Thursday announced that it has increased the size of the company’s board of directors from 10 to 11 members, and that Scott H. Baxter has been appointed to the board.
U.S. Senators Cassidy, Jones Introduce DESCEND Act Companion
The recreational fishing and boating community Thursday praised the Senate introduction of the DESCEND Act of 2019 by U.S. Senators Bill Cassidy (R-La.) and Doug Jones (D-Ala.).
REI Co-op To Open Store In Pigeon Forge, TN
REI Co-op will open a new store in Pigeon Forge, TN, in spring 2020. The new 21,500 square-foot store will be located in The Tower Shops at The Mountain Mile shopping center.
Delta Apparel Rides Broad-Based Growth To Earnings Beat
Delta Apparel Inc. on Thursday reported growth across its portfolio resulted in fiscal 2019 fourth-quarter earnings of 50 cents per share, beating Wall Street’s targets by 2 cents.
OBIT: Jake Burton Carpenter
Jake Burton Carpenter, owner of Burton Snowboards and a snowboarding pioneer, passed away at the age of 65.
Stage Stores’ Comps Jump 17.4 Percent
Stage Stores Inc., which is converting many of its banners to the Gordmans off-price concept, cut its losses in the third quarter as same-store expanded 17.4 percent.
XTERRA Celebrates 25 Years Of Off-Road Triathlon + Trail Running
“XTERRA has evolved from the days of being a race-focused company. Over the past few years, we’ve made a concerted effort towards becoming a full-fledged lifestyle brand. Our racing structure has been reimagined right alongside our business model, and has brought a lot of changes across our organization.” —Janet Clark, President, XTERRA … From a […]
Marburger’s Sporting Goods In Seabrook Closes
Marburger’s Sporting Goods in Seabrook, TX has closed its location to make way for the expansion of Hwy. 146.
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