Amid a challenging political climate for the firearms industry, American Outdoor Brands Corp. (AOBC), the parent of Smith & Wesson, announced it would split into two publicly traded companies— Smith & Wesson Brands Inc. (firearms) and American Outdoor Brands Inc. (outdoor products and accessories, or OP&A). SGB digs into why the company chose the spinoff route.
Author: SGB Media
Final Summer Lodging Results At Western Mountain Destinations Are Mixed; Winter Holding Steady
The six-month summer season that tracks from May through October for mountain destinations, finished with lackluster results and the softest aggregated summer occupancy figures in a decade. Modest gains in the Average Daily Rate (ADR) did boost overall summer revenues though, according to the DestiMetrics’ Market Briefing released by Inntopia.
REI Co-op To Open Four Stores On November 15
For the first time in its 81-year history, REI Co-op will open four new stores in a single day on November 15, bringing quality outdoor gear, experiences and expertise to Farmington, UT; Huntsville, AL; Oklahoma City and Williston, VT. By the end of the year, REI will have opened a total of eight new stores, relocated two existing stores to larger locations, and opened three new boathouses in 2019.
Nike Announces 11 Percent Increase In Quarterly Dividend
The payout will mark Nike’s 18th consecutive year of increasing dividend payouts. Said Mark Parker, Chairman, President and CEO of Nike, Inc. “This dividend increase, combined with the four-year $15 billion share repurchase program announced in 2018, reflects continued confidence in our strategies to generate long-term, profitable growth as we accelerate execution of our Consumer Direct Offense.”
Orvis.com Leaks Internal Passwords
Orvis, the Vermont-based retailer that specializes in high-end fly fishing equipmen, leaked hundreds of internal passwords on Pastebin.com for several weeks last month, exposing credentials the company used to manage everything from firewalls and routers to administrator accounts and database servers, according to KrebsOnSecurity.
Patagonia Opens First ‘Worn Wear’ Store
Patagonia opened its first dedicated Worn Wear pop-up store in Boulder, CO. Located at 1212 Pearl Street, the Worn Wear pop-up will be open through February, 2020 and will be stocked exclusively with quality Worn Wear items (used Patagonia products that have been bought back from customers) as well as Patagonia’s new ReCrafted Collection, a new line of products made from other clothes that are beyond repair.
Descente To Sponsor USA Triathlon
USA Triathlon (USAT) announced a partnership with Descente, based in Japan, to become USAT’s Official Outerwear Supplier for the next four years.
Dillard’s Q3 Profits Dip But Exceed Targets
Dillard’s Inc. reported earnings fell 25.7 percent in the third quarter but came in well ahead of Wall Street’s expectations. Same-store sales were flat.
Altra’s Todd Dalhausser To Speak At 2020 Running USA Conference
Todd Dalhausser, president of Altra Running, will be one of the keynote speakers at the 2020 Running USA Industry Conference presented by Race Roster.
Wrangler Moves Into Outdoor Apparel
Wrangler, which is part of Kontoor Brands, announced the expansion of its outdoor apparel line with the launch of All Terrain Gear (ATG) by Wrangler.
Duluth Holdings Enters Tennessee With Two New Stores
Duluth Holdings Inc. (dba, Duluth Trading Co.) on Thursday announced the grand openings of its 60th store in Franklin, TN, and its 61st store in Knoxville, TN, marking the retailer’s entrance into Tennessee.
ImPACT Applications Partners With SportsEngine
ImPACT Applications and SportsEngine are partnering to help expand the availability of ImPACT baseline testing to help identify and manage youth concussions.
Surfrider Foundation Releases 2019 State Of The Beach Report
The report finds that the majority of coastal states are not prepared for climate change impacts.
Sports Inc. And OrderMyGear Partner To Broaden E-Commerce For Team Dealers
OrderMyGear, the e-commerce platform for the team dealer market, and Sports, Inc., the sporting goods buying group, announced a technology partnership. The investment Sports, Inc. is making into technology will allow team dealers to receive additional access to pre-released OrderMyGear product features and discounts on various services to provide a more robust e-commerce solution for team dealers.
Conspiracy Charges Dropped In Michael Avenatti Nike Case
Federal prosecutors on Wednesday dropped two counts of conspiracy against Michael Avenatti from the case, which was first made public in March, according to a superseding indictment filed in federal court in Manhattan.
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal