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.
Category: Outdoor
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.
The Big Gear Show 2021 Drives Hardgood’s Innovation
The Big Gear Show announced a new location, invitation-only format and growth-driving resources for 2021. The show will feature 500 hand-selected retailers and 250 brands across the outdoor and cycling industries. Its inaugural event was canceled due to COVID-19. The Show will take place on August 3-5, 2021, in Park City, UT at The Deer […]
Columbia Sportswear Announces Senior Leadership Changes
Columbia Sportswear announced that Thomas Cusick, EVP and COO, plans to retire. In accordance with pre-established transition plans, Lisa Kulok, SVP, global supply chain operations and manufacturing, and Jim Swanson, SVP AND CFO, are promoted to EVPs.
Sportsman’s Warehouse Opens In Southern California
Sportsman’s Warehouse Holdings Inc. opened its first location in Southern Californians. The grand opening celebration of their new store in Corona takes place from November 12-14.
Escalade’s Q3 Revenues Soar 71 Percent
Escalade Inc. posted quarterly revenue of $78.1 million, an increase of 70.6 percent over prior year, and a record for its third fiscal quarter. The gains were led by archery, outdoor and fitness categories, including basketball, Lifeline Fitness and Victory Tailgate.
CLMBR Secures Venture Capital Funding
CLMBR announced the close of its first funding round led by venture capital and private equity firm KBW-Ventures, exercise physiologist and CEO and Founder of 22 Days Nutrition, Marco Borges and others. The investment will support the launch and delivery of CLMBR Connected and CLMBR Pure vertical climbing machines for the at-home and commercial markets.
Academy Sports Prices Notes
Academy Sports and Outdoors Inc. priced a private offering of $400 million aggregate principal amount of 6.000 percent senior secured notes due 2027.
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