REI plans to close its store in Yonkers on Feb. 12, 2021, according to a report from Rockland/Westchester Journal News.
Category: Outdoor
Rapala USA Names Western U.S. Territory Manager
Rapala USA has named Bill Matthews to its sales/marketing/product development team as a territory manager covering 13 western U.S. states.
Highland Trading Company Appoints Sales Manager
Highland Trading Company, Inc. announced the hiring of industry veteran Mike Stepanek as sales manager. Highland Trading Company is the manufacturer and distributer of Sportube and Wildsyde Vintage Electric Bicycles.
Sports Direct’s Parent Sees 7.4 Percent Sales Drop In First Half
Frasers Group PLC reported revenues declined 7.4 percent in the six months ended October 25, largely caused by temporary store closures due to COVID-19, offset by the strong reopening of stores after lockdown and growth in its online business. Sales at Eastern Mountain Sports and Bob’s Stores in the U.S. saw double-digit declines.
Johnson Outdoors’ Sales Surge 58 Percent In Q4
Johnson Outdoors Inc. reported earnings rose nearly four-fold in the fiscal fourth quarter ended October 2. Revenues grew 58.3 percent, Helen Johnson-Leipold, chairman and CEO, said, “Strong demand in Fishing, Camping and Watercraft Recreation continued into the fourth quarter, and the challenge has been keeping pace with demand.”
Vail Resorts Widens Q1 Loss
Vail Resorts Inc. increased its loss in the fiscal first quarter ended October 31 due to the impact of COVID-19. The ski resorts operator saw healthy season pass sales but continues to expect “material” declines in visitations during the 2020/2021 North American ski season due to COVID-19.
Lost Paddle Media Acquires Fishing Trade Shows
Lost Paddle Media announced it has acquired the Kansas City Boat and Sportshow, Chicagoland Fishing Travel & Outdoor Expo, Suffern New York’s World Fishing & Outdoor Exposition, and the Saltwater Fishing Expo in Edison, New Jersey from the National Marine Manufacturers Association (NMMA). Lost Paddle Media operates The Big Gear Show.
Louis Garneau Completes Financial Restructuring
The Louis Garneau Sports Group, which filed for creditor protection in Canada in March, announced a new investor to complete a reorganization and has set a brand relaunch. Its company founder, Louis Garneau, remains the majority shareholder.
Head/Tyrolia Appoints VP Of Sales
Head/Tyrolia, USA announced that Rob Mignon has been named vice president of sales, a new position for the company. Starting January 1, 2021, he will assume sales management for all Head Wintersports products in the U.S.
Academy Sports Reports Record Q3 Sales And Earnings
Academy Sports and Outdoors Inc., in its first earnings report since going public, reported earnings vaulted 188 percent on an adjusted basis in the third quarter ended October 31. Revenues jumped 17.8 percent. Results were well ahead of Wall Street’s targets. The retaller marked its fifth consecutive quarter with a comparable sales increase.
Grundéns Partners With Major League Fishing
Grundéns has partnered with Major League Fishing (MLF) to become the official footwear sponsor of the Bass Pro Tour and MLF BIG5 circuits.
REI Elevates Product Standards To Fight Climate Change And Advance Equity
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.
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.
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