Kathmandu Group saw sales spike 12 percent during the first half of FY21 ended January 31, largely a the strong performance by Rip Curl.
Category: Outdoor
Newell Brands’ Outdoor & Recreation Segment’s Q4 Sales Drop 7.4 Percent
Newell Brands reported the Outdoor & Recreation segment showed a small operating loss as core sales were down 7.4 percent.
Klättermusen Enters Distribution Partnership With Sputnik Inc.
Klättermusen, the maker of mountaineering equipment, announced it has entered into a new exclusive distribution partnership in Japan with Sputnik Inc.
New Zealand Merino Company Launches 100 Percent Regenerative Wool Platform In Partnership With Allbirds, Icebreaker And Smartwool
The New Zealand Merino Company (NZM) and brands Allbirds, Icebreaker, and Smartwool announced they are working collectively with 167 sheep growers to create the first regenerative wool platform that represents 2.4 million acres in New Zealand to tackle the impact of the global fashion industry which is responsible for 10 percent of annual greenhouse gas emissions worldwide.
Outdoor Foundation’s Preliminary Participation Report Shows Gains In Hiking, Camping And Fishing
The Outdoor Foundation, the philanthropic arm of Outdoor Industry Association (OIA), released early topline data from its forthcoming Outdoor Participation Report that showed strong gains in hiking, camping and fishing.
Thule’s Q4 Revenues Jump 33 Percent
Thule reported sales in the fourth quarter rose 32.6 percent on a reported basis and 44.6 percent on a currency-neutral basis. Currency-neutral sales in the Americas region rose 48 percent.
Yeti’s Q4 Sales Expand 26 Percent On DTC Momentum
Profits at Yeti Holdings surged 75.0 percent on an adjusted basis in the fourth quarter on a 26 percent sales gain. The gains were driven by DTC growth. The company forecast sales growth of between 15 percent and 17 percent in 2021 with sales growth weighted to the first half of the year.
Alterra Mountain Company Names Dakine Official North American Partner
Dakine announced a new four-year partnership, naming Dakine the official glove and bag partner of Alterra Mountain Company’s 15 North American mountain destinations. This partnership will be activated year-round to support all winter and summer on-mountain activities at each Alterra Mountain Company destination.
VF Corp’s Debt Ratings Lowered By Moody’s
Moody’s downgraded V.F. Corp’s long term ratings due to expectations that VF’sfinancial leverage will remain high over the next several years in part due to the acquisition of Supreme.
Primus And Brunton Appoint Sales Leaders
Primus and Brunton announced the hiring of Scott Duer as director of sales for both brands and Lauren Heershap as sales manager and product specialist for Brunton.
Dick’s SG To Open Five Stores In February
Dick’s SG announced plans to open one Dick’s Sporting Goods store and four Warehouse Sale stores in February.
Shimano’s Earnings Climb In 2020
Shimano reported net income increased 22.5 percent in 2020 as sales grew 4.1 percent. The Japanese-based sporting goods company said the year benefited from “interest in bicycles and fishing that can avoid closed, crowded and close-contact environment boosted demand.”
Vail Resorts Announces Returning And New Strategic Partners
Vail Resorts has announced renewals of strategic partnerships with eight companies including PepsiCo, GMC and Helly Hansen and a new partnership with the sports equipment shipping service Luggage Forward.
Waypoint Outdoor To Lead Tread & Butter’s U.S. Sales Force
Tread & Butter announced Waypoint Outdoor as its U.S. wholesale sales and brand management partner.
Astral Hires Industry Vet As Chief Revenue Officer
Astral announced the addition of David Orr to its leadership team. Orr will act as Chief Revenue Officer overseeing the brand’s global commercial strategy.
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