Helen of Troy Ltd. got a surprisingly strong performance from Hydro Flask in the second quarter, but rising tariffs have the company looking at moving its sourcing outside of China—a daunting but necessary act—to avoid increasing prices for customers.
Author: SGB Media
How To Navigate The Trade War
Companies that are subject to new tariffs on Chinese-made products might be able to mitigate some or all of the financial impact, according to David Cohen, a Washington, DC-based international trade lawyer, who spoke at the recent SFIA Industry Leaders Summit. “You’re not sitting ducks. There are ways, there are countermeasures, that companies can take.”
Q&A With Meridith Unger Of SFIA Start-Up Challenge Winner Nix Biosensors
Nix Biosensors was the winner of the Sports & Fitness Industry Association’s third annual Start-Up Challenge, held at last week’s Industry Leaders Summit in Denver, CO. Meridith Unger, founder and CEO of the Boston, MA-based company, spoke with SGB about what this award means for the business moving forward.
SGB Executive Q&A: Coast Products CEO David Brands
Coast Products has a rich history. The Portland, OR-based maker of knives, multitools, headlamps, flashlights and other accessories is turning 100 next year and has been family-owned since its founding in 1919. CEO David Brands spoke with SGB about the origins of the company his grandfather created, what’s driving growth and where Coast goes from here.
5 Takeaways From SFIA’s Industry Leaders Summit
Executives from leading sports, fitness and active lifestyle companies descended on Denver, CO, last week for the Sports & Fitness Industry Association’s sixth annual Industry Leaders Summit. Here are five takeaways from the event, including how to mitigate tariffs, what’s driving M&A and the growing importance of culture.
September M&A Roundup: Ski Resort Consolidation Ramps Up
Signs of the coming ski season are evident in many North American mountain towns, where fall foliage is peaking, snowmaking has begun at some resorts and a new crop of ski and snowboard films is hitting theaters. Ski area operators are especially active these days, of course, but not only from fine-tuning their chairlifts and hiring seasonal staff. They have been busy expanding their empires.
SGB Executive Q&A: Hibbett Execs Discuss Latest Digital Initiative
The leadership team at Hibbett Sporting Goods Inc. readily acknowledges that the Birmingham, AL-based retailer has been behind the curve on digital capabilities, but Monday’s launch of new online features—Buy Online, Pick Up In Store (BOPIS) and Reserve Online, Pick Up in Store (ROPIS)—is another step in Hibbett’s plan to close the gap on its competitors.
Vail Resorts’ Shares Slip After Q4 Revenue Miss
Shares of Vail Resorts Inc. fell $11.71, or 4.1 percent, to $274.42 at market close Friday after the company reported revenue of $211.6 million for the fiscal fourth quarter ended July 31 missed Wall Street’s revenue target by $1.7 million. The Broomfield, CO-based did beat analysts’ earnings expectations by 18 cents.
SGB Executive Q&A: Burton Snowboards CMO Sarah Crockett
Sarah Crockett, Burton Snowboards’ newly appointed chief marketing officer, spoke with SGB this week—her second on the job and third in Burlington, VT—about her new role, balancing Burton’s heritage story with the company’s desire to constantly innovate and the importance of diversity in the boardroom.
The Tiger Effect: Woods’ Victory Boosts All Golf Stakeholders
When Tiger Woods won his first PGA title in five years Sunday by clinching the Tour Championship, the golf industry roared a collective “hurrah” at Woods’ victory, fully understanding that whenever Tiger makes a tournament cut and dons his signature red shirt for the Sunday round—but especially when he wins—everyone benefits.
Behind The Deal: Peak Resorts Makes Strong Play With Snow Time Acquisition
The move that Peak Resorts Inc. made Monday—the $76 million acquisition of Snow Time Inc. and its three Pennsylvania ski areas—won’t generate the same buzz as deals made by competitors such as Vail and Alterra, but the Wildwood, MO-based company’s purchase does pack plenty of punch. Company executives spoke with SGB about the purchase.
Reima’s Successful U.S. Debut Has Kidswear Brand Eyeing More Growth
Reima, a Finland-based maker of functional kidswear, debuted in the U.S. about a year ago, and the stateside expansion has been a successful one thanks to landing some premium retailers and successfully building brand awareness, according to Matti Lehtovirta, international sales director, who shared some company updates this week with SGB via email.
Wall Street Reacts Positively To Under Armour’s Job Cuts
Shares of Under Armour Inc. rose $1.24, or 6.6 percent, to $20 at market close Thursday following the company’s early morning announcement that the company would increase the number of job cuts as part of a broader restructuring plan.
SGB Executive Q&A: Mountainsmith President Jay Getzel
Jay Getzel, president of Golden, CO-based gear maker Mountainsmith, spoke with SGB recently about what’s truly important in light of the company’s 40th anniversary, a shift in the way it sells on Amazon and what’s on the horizon for this proudly independent brand.
Industry Voices Grow Louder In Opposition To Trade War
President Trump’s claim that increased tariffs on foreign goods have resulted in an improved business climate for U.S. companies has been widely rejected by representatives of the outdoor, sporting goods and active lifestyle industries, who are growing louder in their opposition to the administration’s escalating trade war.
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