Garmin International Inc., a unit of Garmin Ltd. on Thursday announced that Gary Burrell, aviation pioneer and co-founder of Garmin Ltd., died June 12 at the age of 81.
Author: SGB Media
Duluth Holdings Reaffirms 2019 Guidance On Widened Q1 Loss
Duluth Holdings Inc. (dba, Duluth Trading company) on Thursday reaffirmed its guidance for the year after announcing a net loss for the fiscal first quarter ended May 5 of $7.6 million, or 23 cents per diluted share, compared to a net loss of $0.7 million, or 2 cents per diluted share, in the prior-year first quarter. Earnings were in line with Wall Street’s projections.
Sequential Brands Group Announces Category Expansion for Gaiam
Sequential Brands Group Inc. announced Thursday that it has signed a partnership for yoga, fitness and wellness brand Gaiam to expand the brand into the growing natural personal care and wellness space.
PrimaLoft Names Jim Frazier SVP, Global Marketing
PrimaLoft Inc. on Thursday named industry veteran Jim Frazier as new senior vice president, global marketing. Most recently, he served as vice president of product for United Sports Brands, a collection of several brands including Nathan Sports, Shock Doctor, McDavid, Cutters and XO Athletic.
Gearlab Sponsors Dan Wynne, Geologist, Aims To Break The Mackenzie River Record Of 1000 Miles In 15 Days
Although geologist Dan Wynne, pictured right, only took up kayaking three years ago, June 18th he will attempt the fastest transit of the vast Mackenzie River on record. He plans to do the trip through Canada’s Northwest Territories solo, using an Akiak Greenland paddle. As a scientist – Wynne is a geologist with the State […]
Tecnica Introduces Origin Custom Fit Trail Running Shoe
The custom-fit trail running shoe introduces a new approach to footwear design, by addressing body composition in relation to performance. Tecnica is proud to announce another first in outdoor footwear with the launch of ORIGIN – the first trail running shoe with a customizable fit. The concept introduces a completely new design approach to the […]
Columbia Sportswear Supports The National Park Foundation’s Open Outdoors For Kids Initiative With LTD Edition National Parks T-Shirts
Portland, Oregon-based Columbia Sportswear has an 80-year legacy of unlocking the outdoors for everyone. To celebrate America’s national parks, Columbia is proud to announce a new campaign to support the National Park Foundation’s Open OutDoors for Kids (OOK) initiative with the sale of limited-edition National Parks T-Shirts. The National Park Collection includes nine limited-edition designs with images of […]
RECALL: Mares Buoyancy Compensation Vests
About 600 Mares XR buoyancy compensation vests are being recalled. The deflation button can come unscrewed and result in loss of buoyancy, posing a drowning hazard.
Moody’s Confirms Camping World’s Debt Ratings, Outlook Negative
Moody’s Investors Service confirmed all ratings of Camping World, including the B1 Corporate Family rating, and assigned a negative outlook. Moody’s said, “”At present, both leverage and interest coverage are outside of Moody’s downgrade triggers, with sequential improvement beginning in Q2 necessary so that tangible progress towards levels more appropriate for the rating are achieved.”
Moody’s Maintains Foot Locker’s Ba1 Rating
Moody’s maintained Foot Locker’s Ba1 corporate family rating after a periodic review. The rating agency noted the retailer’s “solid credit metrics and low level of funded debt, well-recognized brand names, meaningful scale, geographic diversification, and very good liquidity.”
La Sportiva Beefs Up Marketing Team
La Sportiva promoted Chrissy Wise to marketing director, Quinn Carrasco to marketing manager, and Wes Green to vice president of sales and marketing. All three are veterans of La Sportiva and all promotions are effective immediately.
Global Running Event Participation Continues To Slide
Recreational running event participation was down in 2018 from the previous two years, led by declines in Europe and the U.S. and slightly offset by growth in Asia. That was among the chief conclusions of The State of Running 2019, a new report on global running participation produced by RunRepeat.com and the IAAF.
Patagonia Creates Mail-in Trade-In Program
Patagonia is now allowing consumers to mail in their used Patagonia clothing for credit as part of its Worn Wear program. Previously, customers had to bring the Patagonia products they are no longer using to their local Patagonia store.
Outdoor Industry Association Asks For Full Funding Of LWCF
The Outdoor Industry Association issued a statement on Wednesday asking Congress to fully fund the Land and Water Conservation Fund (LWCF) “to support the growing outdoor recreation economy and the 7.6 million jobs tied to outdoor recreation.”
Lululemon Lifts Guidance On Robust Q1
Lululemon Athletica Inc. slightly raised its full-year guidance after reporting first-quarter earnings jumped 28.5 percent in the first quarter on a 14 percent comparable-stores sales gain. Both earnings and sales topped guidance, highlighted by a 33 percent hike in online revenues.
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