Amer Sports Restates 2017 On Accounting Change

Amer Sports has adopted the new IFRS 15 standard ‘Revenue from Contracts with Customers’ as of January 1, 2018. As a result of the adoption, Amer Sports has restated the 2017 figures by using the full retrospective method.

RECALL: L.L.Bean Knives

About 600 knives sold by L.L.Bean are being recalled, according to a press release from the  U.S. Consumer Product Safety Commission.

Darn Tough Vermont To Sponsor Spartan U.S.

Darn Tough Vermont, the American manufacturer of premium performance outdoor and lifestyle socks, has partnered with Spartan, the world’s largest obstacle race (OCR) and endurance brand, becoming the Official Sock of Spartan U.S.

SFIA: Sporting Goods Scores Highest Annual Growth In Three Years

SFIA’s 2018 Manufacturers’ Sales Report showed sales in the sports and fitness industry grew 2.9 percent in 2017, representing the best annual growth in three years. Strong category performance was seen in basketballs, batting gloves, camping coolers, sports bras, fitness/workout footwear and fishing equipment.

Climb The Hill

The American Alpine Club (AAC) and Access Fund are heading back to Washington, D.C. for the organizations annual Climb The Hill campaign May 9 through the 11th.

Mainstream Holdings Buys Hawk Group

Mainstream Holdings, Inc., the owner and manufacturer of prominent brands Muddy, Big Game and API Outdoors,  announced the acquisition of Hawk Group, LLC, a leading supplier of ladder stands, hang-ons, accessories and crossbows operating under the Hawk and Killer Instinct brands.

Trump Weighs Rejoining Trans-Pacific Partnership

President Donald Trump has directed his top economic and trade advisers to look into re-entering the Trans-Pacific Partnership. The move would come a little over a year after withdrawing the U.S. from the the multilateral trade agreement in one of his first acts as president.