REI Co-op announced plans to more than double its e-bike offerings in 2019 and a $110,000 grant to PeopleForBikes to support cycling advocacy and infrastructure programs.
Author: SGB Media
SFIA: Unprecedented Tariffs Threaten Sports & Fitness Industry
The Sports & Fitness Industry Association issued a statement Tuesday afternoon after President Trump announced a plan to impose up to 25 percent tariffs on an additional $300 billion worth of Chinese-made goods. This action will impact nearly all athletic footwear, apparel, and sports and fitness equipment imported into the U.S. from China.
Descente’s Americas Business Dragged Down By Ski Unit And Inov-8 In Fiscal Year
Descente Ltd. said both sales and income at its Europe and Americas segment fell in its year ended March 31 due to “sluggish” growth in Descente Mountain Americas, its North American Skiwear Subsidiary, and the Inov-8 footwear brand.
Cost-Cutting Steadies Iconix In Q1 But Issues Remain
Shares of Iconix Brand Group Inc. fell 18 cents, or 13.2 percent, to $1.18 at market close Tuesday after the company earlier in the day reported a steep drop in first-quarter revenue but also an operating profit thanks to some well-orchestrated cost-cutting measures.
Outdoor Industry Association Unveils OR Summer Market Education Lineup
Outdoor Industry Association (OIA), the nonprofit trade association for the outdoor industry, has released the Outdoor University education schedule for Outdoor Retailer Summer Market.Outdoor University session topics include increasing youth participation, water conservation policy, sustainable business innovation and marketing, design and sales trends.
SOG Teams With Outtech For Specialty Sales Channel Representation
SOG Knives and Tools is partnering with Outtech Inc. to represent SOG in the specialty sales channel in all lower 48 US states. Effective June 1, Outtech will be SOG’s exclusive representatives for specialty independent and chain retailers.
Study: One In Six Children With Concussion Experiences a Second Within Two Years
A new study from Children’s Hospital of Philadelphia’s (CHOP) Center for Injury Research and Prevention (CIRP) and the Centers for Disease Control and Prevention (CDC) finds that one in six children aged 5 to 15 who has a concussion will go on to experience a repeat concussion within two years.
Iconix’s Revenues Drop 26 Percent In Q1
Iconix Brand Group Inc. reported a steep drop in revenues in the first quarter but operating profits improved due to cost-control efforts.
Mizuno’s America Region Returns To Profitability
Mizuno Corp said its America region returned to profitability for the first time in four years. Sales fell for the third straight year.
Descente’s Earnings Slide In The Year
Descente Ltd. reported net income declined 31.7 percent in its year ended March 31 due to an increase in SG&A expenses and impairment charges related to Inov-8 and Skins. Revenues inched up 0.9 percent.
Vionic Names SVP Global Sales
Vionic, the comfort footwear brand, appointed Jerry Williamson in the role of senior vice president of global sales, and Angela Caltagirone as the new senior vice president of digital and brand marketing.
Tariff Talk: Long And Winding Trade War Takes Another Turn
President Donald Trump last week led the U.S. into a new chapter of the ongoing trade war with China when he announced a 25 percent tariff increase on $200 billion worth of Chinese imports, a move that prompted Beijing to retaliate. SGB compiled the latest reactions from associations and companies as well as a tariff timeline.
Darn Tough Vermont Names New CTO And HR Director
Outdoor and lifestyle socks brand Darn Tough Vermont on Monday announced the appointment of Jim Decker as chief technology officer and John LeBourveau as director of human resources.
Nemo Selects Freestone To Represent In Rockies
Outdoor gear and accessories brand Nemo Equipment has hired Freestone Sales Group to grow sales and service existing accounts in the Rockies.
Uncharted Supply Co. Announces Executive Appointments
Uncharted Supply Co., maker of emergency preparedness products, on Monday announced the addition of Jordan Parise and Ryan Heuser. Parise will serve as Uncharted’s director of sales while Heuser joins the team as the brand’s head of creative.
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