MarineMax announced the acquisition of SkipperBud’s and its affiliate, Silver Seas, deepening the North-South-West connection for both organizations and their customers.
Category: Outdoor
Exped Appoints Western Sales Reps
Exped USA retained Caraway & Co. as brand partners to cover Arizona, California, Nevada, Oregon, Washington, Idaho, Montana and Alaska.
Kingswood Capital Management Completes Acquisition Of MEC
Kingswood Capital Management, LP announced that it has completed its acquisition of substantially all of MEC’s assets through the company’s Creditors Arrangement Act. MEC is Canada’s largest outdoor chain with 21 stores.
Emerald Holding Sees Sales Collapse On Cancelled Shows
Emerald Holding Inc. reported revenues of $8.5 million in the third quarter ended September 30 compared to revenues of $75.6 million for the third quarter of 2019, a decrease of 88.8 percent. The decrease primarily reflected a $68.0 million reduction from the cancellation of substantially all third-quarter events due to COVID-19 most notably ASD August, NY NOW August, CEDIA Expo, and Modern Day Marine.
Surf Expo To Hold In-Person Show In January
Surf Expo announced its upcoming January 6-8, 2021 show will take place in the West Concourse of the Orange County Convention Center, a shift from the North/South Hall where the show has been held previously.
Yeti Appoints Board Member And Announces Board Transitions
Yeti Holdings Inc. announced its Board of Directors has appointed Alison Dean, former executive vice president, chief financial officer, and treasurer at iRobot, as an independent director, effective October 30, 2020.
Dorel Reaches Agreement To Go Private
Dorel Industries Inc. announced that it has reached an agreement in principle regarding a transaction whereby Dorel would be taken private by a buyer group led by affiliates of Cerberus Capital Management, L.P. and family shareholders, including Martin Schwartz, Jeffrey Schwartz, Alan Schwartz and Jeff Segel.
VF Corp. Appoints VP, Global Inclusion & Diversity
VF Corp. announced the appointment of Lauren Guthrie to the position of vice president, global inclusion & diversity (I&D).
Camping World’s Q3 Revenues Climb 21 Percent
Marcus Lemonis, chairman and CEO, stated, “Coming off of an extremely positive second quarter, demand remained strong and we were able to achieve record breaking third quarter results.”
WizWheelz Makes Key Hires
WizWheelz, the parent company of recumbent bike brands TerraTrike, GreenSpeed and KMX has expanded its operations and marketing team with key hires.
Earth Partners With Canadian Shoe Distributor
Earth Inc. announced a new partnership with Canadian Footwear Distributor, The Indeka Group.
GOA Extends Invitation To Participate In Grassroots ConnectHub
Grassroots Outdoor Alliance (GOA) is inviting specialty outdoor vendors and independent outdoor retailers to participate in ConnectHub, a free shared-resource platform.
Newell’s Outdoor & Rec Segment Delivers Q3 Revenue Gain Of 8 Percent
Newell Brands’ Outdoor & Recreation segment generated net sales of $383 million compared with $356 million in the prior-year period, reflecting a gain of 7.6 percent. The gain reflects a core sales increase of 8.1 percent and the impact of unfavorable foreign exchange.
Deckers Brands Q2 Blows Past Wall Street’s Targets
Deckers Brands reported earnings rose 30.5 percent in the second quarter ended September 30 on a 15 percent revenue gain. Results came in well above Wall Street’s targets. Ugg’s sales grew 2.5 percent while Hoka One One’s catapulted 83.2 percent.
Columbia Sportswear’s Q3 Profits Slump 47 Percent
Columbia Sportswear reported earnings fell 47 percent in the third quarter as revenues were down 23 percent. Both sales and EPS came in below Wall Street’s consensus targets. Looking forward, the company predicted fourth-quarter earnings would decline between 20 and 35 percent as sales slump in the range of 8 to 11 percent.
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