Fourth quarter revenue fell 5.8 percent year-over-year but rose 3.3 percent to $494.7 million when tallying the company’s ongoing business. The company posted big improvements in gross margin and operating margins in Q4, leading to a positive earnings result.
Category: Outdoor
#YES Snowboards Hires North American Sales Director
Ryan Bachman will oversee nationwide sales for the brand and manage retailers, key accounts and the #Yes sales teams. Bachman will also continue his role as ThrityTwo’s sales director.
EXEC: VF Corp. Spin-Off Acquires Helly Hansen
The VF spin-off parent of the Wrangler and Lee brands has signed a definitive agreement to acquire 100 percent of Helly Hansen from Canadian Tire Corporation for ~ $898 million.
Solo Brands Appoints Interim CEO as Chris Metz Departs
John Larson, a member of the company’s Board of Directors, has been appointed interim president and chief executive officer, effective immediately. Larson succeeds Chris Metz who is stepping down.
Report: Camping Reservation Cancellations and No-Shows Decreased in 2024
Still, the percentage of campers who canceled two-plus days ahead of time in 2024 was 25.8 percent, a decrease of 3.3 percent from 2023. Only 6.9 percent of campers canceled with less than two days’ notice in 2024, a decrease of 3.8 percent from 2023.
Tenaya Inks U.S. Distribution Deal
The manufacturer of performance climbing shoes, has signed an exclusive U.S. distribution agreement with Liberty Mountain aimed at streamlining operations and delivering quick product turnaround times to retailers and climbing gyms while making the brand more accessible to outdoor enthusiasts nationwide.
Costa Sunglasses Names Global VP of Marketing
Robbie LaBelle joins the company from Sports Research, where he was vice president of Marketing. Before that, he worked for over a decade at Nike in various brand marketing leadership roles and for nearly eight years at Apple/Beats by Dre, creating campaigns and brand marketing strategies.
EXEC: European Outdoor Group and Messe München Cancel OutDoor 2025
European Outdoor Group (EOG), along with trade show organizer Messe München, have jointly decided not to hold the OutDoor 2025 as scheduled in May.
Recall: Black Diamond Recon LT Avalanche Beacon
This voluntary recall is due to the possible corrosion of the metal contact causing the device to malfunction or turn off, potentially hindering avalanche rescue efforts and increasing the risk of serious injury or death.
Katadyn Group Names Two Outdoor Vets to North American Leadership Team
Katadyn Group expanded its North American leadership team with the addition of Brook Hopper as director of marketing for North America and Jeff Pratt as director of sales for North America.
Recall: AFTCO Youth Solitude Jackets with Drawstrings
American Fishing Tackle Company sold roughly 820 jackets online at aftco.com and fishing, camping and outdoor equipment stores nationwide. The drawstring in the hood of the recalled jackets could get caught on objects and cause death or serious injury to children due to a strangulation hazard.
Recall: Trek Electra Navigator Go! and Ace Spade Go! Ebikes
Specific bolts attaching the rear fender to the bikes do not contain a threadlocker and could loosen during shipping or while riding, causing the fenders to rotate under the rear wheel, causing consumers to lose control and falling.
Recall: Setsmart LoGest Climbing Ropes Due to Fall Hazard
Setsmart LLC, based in Brooklyn, NY, has voluntarily recalled (No. 25-130) the LoGest Climbing Ropes with Carabiners and Climbing Ropes with Heavy-Duty Metal Hooks in cooperation with the CPSC.
Digital Brands Prices Secondary Public Offering of Common Stock
Before deducting the placement agent’s fees and other offering expenses, the gross proceeds from the offering are expected to be $7.5 million.
Recall: Igloo 90 Quart Flip & Tow Rolling Coolers
Igloo has received 12 reports of fingertip injuries, including fingertip amputations, bone fractures and lacerations. The coolers were sold at Costco, Target, Academy, Dick’s, and other stores nationwide, and online at Amazon.com, Igloocoolers.com, and other websites from January 2019 through January 2025.
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