REI is upgrading product standards in partnership with its more than 1,000 brand partners to advance more sustainable and inclusive business practices. The co-up is also committing that, by 2030, all products on its shelves will have a preferred attribute so that every purchase at REI supports a healthier, cleaner, more equitable planet.
Category: Outdoor
Academy Sports Adds Board Member
Academy Sports and Outdoors Inc. announced the appointment of Wendy A. Beck to its Board of Directors, effective today. Beck joins Allen I. Questrom and Jeffrey C. Tweedy, who were appointed to Academy’s Board on October 1 in connection with Academy’s initial public offering, as recent independent director additions to the Board.
NPD Reports: Sports Equipment Sales Surge In Third Quarter
According to NPD Group, categories tied to the outdoors as well as home fitness equipment continue to post double-digit gains in the third quarter.
USA Cycling Announces New Board Members And Bylaws
USA Cycling Board of Directors welcomed four new board members to elevate USA Cycling’s impact beyond the sport.
Thor Reports Strong Q3 Growth
Thor Industries Inc. reported sales in the first quarter ended October 31 rose 17.6 percent due to strong demand across its RV segments.
Pure Fishing’s Debt Ratings Upgraded
Moody’s Investors Service raised Pure Fishing’s corporate debt rating due to the company’s strong third-quarter performance which resulted in better operating performance year-to-date versus expectations, leading to meaningful improvement in financial leverage and free cash flow generation.
Burton Opens Retail And Employee Hub In Downtown Denver
Burton Snowboards announced the grand opening of a new Burton Hub in the River North (RiNo) Art district of downtown Denver.
Escalade Sports Acquires Rave Sports
Escalade Inc. announced that it has acquired substantially all of the business and assets of Revel Match LLC, dba Rave Sports, a water recreation products brand. The acquisition marks Escalade’s expansion into the water sports and recreation category.
Dorel Calls Special Shareholders’ Meeting For Going-Private Transaction
Dorel Industries Inc. announced that the Québec Superior Court has issued an interim order authorizing, among other things, the holding of a special meeting of Dorel shareholders on January 12, 2021 to vote on Dorel’s sale to Cerberus Capital Management.
Capranea Secures Strategic Investment To Drive Global Growth
Capranea announced it has secured a strategic private investment to drive global expansion. As part of the agreement, Progression Brands Group (PBG) has been named its global operating partner.
Dick’s SG Names Todd Spaletto President Of Public Lands Retail Concept
SGB Media has obtained an internal communication from Dick’s Sporting Goods announcing the appointment of Todd Spaletto as president of its new Public Lands retail division serving the outdoor specialty market.
Amazon And Yeti File Joint Lawsuit Against Counterfeiters
Amazon and Yeti Coolers jointly filed a lawsuit against two U.S.-based individuals for counterfeiting Yeti’s products, including Yeti’s popular Rambler mug.
Duluth Trading’s Q3 Sales Rose 13 Percent
Duluth Holdings, the parent of Duluth Trading, reported improved third-quarter earnings as sales grew 13.2 percent.
Catch Co. Closes $6 Million Funding Round
Catch Co., a digital sportfishing brand platform, announced that it has closed a $6 million funding round, led by existing investor Listen Ventures.
GSM Acquires Cold Steel
GSM Outdoors announced the acquisition of Cold Steel, a knife and tool company founded in 1980 that has been adopted by military, law enforcement, EMS, self-defense practitioners, and others.
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