Columbia Sportswear Company released its 2019 Corporate Responsibility Report, which includes highlights from the progress made throughout 2019 in the three main areas of focus in its corporate responsibility strategy – empowering people, sustaining places and responsible practices.
Category: Outdoor
Columbia Sportswear’s Q2 Revenues Slump 40 Percent
Columbia Sportswear Co. joined a number of industry players reporting a loss in the second quarter amid significant sales declines due to the fallout from COVID-19, but results came in better than Wall Street targets. Among brands, sales declined 42 percent at Columbia, 12 percent for Sorel, 28 percent for Prana, and 44 percent at Mountain Hardwear.
Compass Diversified Posts Q2 Loss on Flattish Sales Decline
Compass Diversified Holdings, the parent company of 5.11 Tactical, Liberty Safe, Velocity Sports and Marucci Sports, reported that net sales for the second quarter ended June 30 were $333.6 million, essentially flat to the $336.1 million reported for the quarter ended June 30, 2019. The net loss for the quarter was $7.4 million, compared to net income of $218.2 million in the year-ago quarter, which included a $206.5 million gain on the sale of its Clean Earth subsidiary. Adjusted EBITDA for the second quarter was $49.5 million versus $52.1 million for the quarter ended June 30, 2019.
REI Ranked Best Employer For Women
REI ranked first in Forbes America’s Best Employers For Women list. Other firms participating in the active lifestyle space on the Top 200 ranking were Designer Brands, the parent of DSW, at 14; JCPenney, 92; Vail Resorts, 109; Hibbett Sports, 114; Nordstrom, 139; Topgolf, 149; Foot Locker, 163; and Nike, 177.
Shimano’s Sales Slide 12 Percent In Six Months
Shimano Inc.’s sales were down 11.9 in the first half ended June 30. Sales fell 14.6 percent in the Bicycle Components segment and 1.8 percent in the Fishing Tackle segment.
Garmin Tops Wall Street On Fitness Segment Strength
Garmin Ltd. reported sales fell 9 percent and earnings were also down in the second quarter ended June 27 but results came in well above Wall Street’s targets. Revenues jumped 17 percent in the Fitness segment and increased 4 percent in the Marine segment while sliding only 4 percent in the Outdoor segment.
Sportsman’s Warehouse To Sponsor Archery Hunting Show
Sportsman’s Warehouse Holdings Inc. signed an agreement with The Outdoor Group, LLC to sponsor the archery hunting show, “Respect the Game,” for one year starting December 28, 2020.
Rocky Brands Q2 Revenues Dip 9.4 Percent
Rocky Brands Inc. reported second-quarter earnings fell 25.0 percent on a 9.4 percent slide in sales. Earnings were up slightly excluding expenses related to the temporary closure of the company’s manufacturing facilities.
Canada Goose Journeys Into Footwear With Strategic Hire
Canada Goose today announced the appointment of Adam Meek to the new role of GM Footwear & Accessories. Most recently, he served as Senior VP of Product at Sperry–Wolverine Worldwide.
Moncler’s Revenues Drop 29 Percent In First Half
Moncler SpA reported \a net loss of €31.6 million in the first six months of the year as sales declined 29 percent to €403.3 million.
The Complete Paddler Acquired By Nova Craft Canoe
Chris Rath, president of Nova Craft Canoe, purchased a majority stake in The Complete Paddler, the Toronto-based paddle sports retailer.
All Good Appoints CFO
All Good, the ethically-made body care and mineral sunscreen brand, welcomed Susan Conner-Steeb as its chief financial officer.
Mavic Acquired By French Investment Group
Mavic, the French cycling components and accessories brand that was placed into receivership in May, has reportedly been acquired by the French investment group Bourrelier.
Nike Marketing Exec Joins Timberland
Timberland named Drieke Leenknegt vice president, global marketing. She was most recently Global VP of Influencer Marketing & Collaborations at Nike.
Dick’s SG To Close On Thanksgiving; Extends Employee Premium Pay Through End Of Year
Dick’s Sporting Goods announced it will close all store locations and distribution centers on Thanksgiving Day, November 26, 2020. The company also announced that store and distribution center employees will continue to receive a 15 percent pay premium through the end of the year with the challenges presented by COVID-19.
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