Spectrum Aquatics, a PlayCore Company, and Pyramide USA Inc have entered an exclusive distribution partnership naming Spectrum the exclusive distributor of AquaClimb brand products, effective immediately.
Category: Outdoor
Team Wendy To Be Acquired By Avon Rubber
Team Wendy, a Cleveland-based maker of athletic and military helmets, has agreed to a sale to UK-based Avon Rubber p.l.c., the parent of Avon Protection Systems, for a cash consideration of $130 million.
Academy Sports Files To Go Public
Academy Sports and Outdoors Inc. announced that it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering.
The Pro’s Closet Closes $12M Growth Investment
The Pro’s Closet, the pre-owned cycling brand, has raised $12 million in funding led by Foundry Group and Edison Partners. Ridgeline Ventures and existing private investors also joined the round. The latest round of funding brings total investment in The Pro’s Closet to more than $27 million.
Wattbike Secures Investment
Wattbike, the smart indoor bike, has secured an investment of £11.5 million ($15 mm) from Piper, the investment firm.
CODI Invests In Rational Packaging
Compass Diversified Holdings (CODI), the parent of 5.11, Liberty Safe, Marucci Sports and Velocity Outdoor, said its Foam Fabricators business has made a strategic investment in Rational Packaging, LLC, a designer and manufacturer of recyclable, paperboard-based structural packaging components.
Forest Service Temporarily Closes Southern California National Forests, Adds Prohibitions In Others
Most of California remains under the threat, of or in the midst of, fire conditions with a combination of extreme heat, significant wind, dry conditions, and stretched firefighting resources. Due to these conditions, the USDA Forest Service (USFS) Pacific Southwest Region closed eight national forests in the Pacific Southwest affecting much of Central and Southern California.
Boardriders’ Debt Ratings Lowered
The debt ratings of Boardriders Inc., the parent of Quiksilver, Billabong, Roxy, DC Shoes, RVCA and Element brands, were downgraded by S&P. The rating agency said a new debt offering “is tantamount to a default on the term loan because the company is distressed and term loan lenders were not adequately compensated for accepting a more junior position in the capital structure.”
Altitude Sports Launches Same-Day Delivery
Altitude Sports, Canada’s online outdoor retailer, announced that it will offer a same-day delivery option to customers in Montreal as of September 1 and Next Day Delivery in Toronto this fall.
Recall: StoreYourBoard.com Hi-Lift Storage Hoists
About 36,700 Hi-Lift Storage Hoists sold by StoreYourBoard.com are being recalled. The green straps can break while the Hi-Lift Storage Hoist is in use, causing whatever object was being stored in the hoist to fall, posing an injury hazard to passersby.
Costco’s August Same-Store Sales Jump Double-Digits
Costco Wholesale Corp. reported same-store sales in the U.S. grew 12.5 percent in August.
VF Corp. x Timberland Collaborate With Redress
VF Corporation, together with its Timberland brand, announced a collaboration with Redress for the Redress Design Award 2020.
American Outdoor Brands’ Q1 Revenues Climb 52 Percent
American Outdoor Brands Inc., the outdoor gear and accessories business, recently spun off from Smith & Wesson Brands, reported sales in the first quarter ended July 31 of $50.5 million, an increase of 51.9 percent, over net sales of $33.2 million for the comparable quarter last year, driven primarily by increases in both e-commerce and traditional sales channels.
Smith & Wesson Sees Q1 Revenues More Than Double
Smith & Wesson Brands Inc. reported net sales in the first quarter ended July 31 were $278.0 million compared with $123.7 million for the first quarter last year, an increase of 124.8 percent.
Duluth Trading’s Q2 Sales Expand 13 Percent
Duluth Holdings Inc., the parent of Duluth Trading, reported earnings more than doubled in the second quarter as sales grew 12.6 percent.
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