HealthEdge Investment Partners, LLC, a healthcare-focused private equity fund, announced that it had completed an investment in Anodyne, LLC, the maker of footwear often prescribed for diabetic patients.
Author: SGB Media
Bass Pro To Open In Irvine, CA
Bass Pro Shops announced plans for a new superstore in Irvine, CA. The new 140,000-square-foot store, expected to open in late 2022 or early 2023, joins a Bass Pro location in Rancho Cucamonga in Southern California.
Obit: Sneaker Designer Peter Moore
Peter Moore, who helped launch Air Jordan 1 for Nike and reinvent Adidas in the nineties, passed away on Friday at 78. The news was revealed in statements from Nike and Adidas.
Fiocchi Acquires Lyalvale Express
Fiocchi Group, the maker of small-caliber ammunition under Fiocchi Munizioni, Fiocchi of America and Baschieri & Pellagri brands, announced the acquisition of Lyalvale Express.
Truewerk Secures Funding
Denver, CO-based Truewerk announced a minority investment from Stride Consumer Partners. According to the Denver Business Journal, the funding was $18.18 million.
Bass Pro Shops And Cabela’s Offer New Line-Up Of Ascend Adventure Bikes
Bass Pro Shops and Cabela’s unveiled their new lineup of Ascend Adventure Bikes, offering quality, performance and value. Debuted during the World’s Fishing Fair (March 30 – April 3) at Bass Pro Shops national headquarters in Springfield, MO, Ascend Adventure Bikes are now available at Bass Pro Shops and Cabela’s, featuring six models across three […]
LIVSN Designs Introduces Women’s Trail Tights
LIVSN Designs, an outdoor apparel brand focused on creating outdoor clothing, launched trail tights for women, merging the feel of a running legging with features needed for hiking, climbing and outdoor pursuits. LIVSN started with 7.5oz double-weave recycled nylon with spandex and added four functional pockets—a slide-in media pocket, sandwich-bag map pocket, YKK zippered thigh pocket, […]
Chaco Expands On Collaboration With Country Music Artist Thomas Rhett
Chaco Footwear and multi-Platinum selling country artist Thomas Rhett announced the latest Chaco x Thomas Rhett collaboration expanding on last year’s collection. The limited-edition sandals are inspired by Rhett’s love for the outdoors and memories on the river with his family. With two patterns available in adult and kid’s sizes, the collection features the colors […]
Newell Brands Sees Double-Digit Growth In Outdoor & Recreation Segment
Newell Brands said its Outdoor & Recreation segment generated net sales of $388 million in the first quarter compared with $336 million in the prior-year period of 15.5 percent. The gain reflects core sales growth of 22.9 percent, partially offset by the impact of exits from low margin categories and unfavorable foreign exchange.
Authentic Brands Appoints EVP, Reebok International
Authentic Brands Group appointed Steve Robaire as EVP, Reebok International, effective July 1, 2022.
Fenix Outdoor’s Revenues Climb 30 Percent In First Quarter
Fenix Outdoor, based in Switzerland, reported sales grew 30 percent in the first quarter to €165.2 million ($174 mm) from €127.1 million a year ago.
Winchester’s Q1 Revenues Climb Nearly 10 Percent
Winchester sales for the first quarter were $426.7 million, up 9.6 percent compared to $389.2 million in the first quarter of 2021, according to its parent, Olin Corp. The increase in Winchester sales was primarily due to higher commercial ammunition pricing.
Osprey CEO Steps Down
Osprey announced that Layne Rigney would step down as CEO. The move follows the December sale of Osprey to Helen of Troy, Ltd.
NPD Group: Footwear Sales Decline In First Quarter
Up against last year’s stimulus-fueled comps, footwear industry unit sales and revenue both declined in the first quarter of 2022 versus the previous year, according to The NPD Group. U.S. footwear sales revenue fell by 3 percent, unit sales declined by 12 percent, as average prices increased by 11 percent.
Columbia Sportswear Raises Earnings Guidance On Q1 Beat
Columbia Sportswear Company’s earnings rose 20 percent in the first quarter ended March 31 on a 22 percent revenue gain. The company raised its EPS guidance for the year, with earnings topping Wall Street targets. Among brands, the largest gain came from Sorel, up 37 percent year-over-year, followed by Columbia, up 22 percent, with mid-single-digit gains at Prana and Mountain Hardwear.
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