OBIT: Pete Gerber

Pete Gerber, the founder of Gerber Legendary Blades, died peacefully in his home on Sept. 29. Gerber was 90 years old.

REI Rolls Out Direct Shipment

REI Co-op said this month it will be enabling select brand partners to ship orders directly to customers, expanding REI’s curated assortment and giving customers access to a wider variety of products, colors, and sizes on REI.com.

Leki Appoints New Reps In Upper Midwest

Leki, the maker of trekking, ski and trail running poles, appointed sales rep Rick Thompson, of Rick Thompson and Associates, to cover the Upper Midwest trekking and outdoor retail territory.

Wolverine World Wide’s Debt Rating Outlook Lowered To Negative 

S&P Global Ratings revised its debt ratings outlook Wolverine World Wide to negative from stable. The negative outlook reflects the potential for a downgrade if the company’s leverage is sustained at or above 3x. This could occur if the company’s share repurchase plan is accompanied by operating performance that is weaker than S&P expected. 

Frank Hugelmeyer Assumes Helm As NMMA President

Frank Hugelmeyer started his first day as NMMA president delivering his inaugural industry address at this morning’s International BoatBuilders’ Exhibition & Conference (IBEX) annual Industry Breakfast & Awards Presentation in Tampa.

Arcade Belts Adds Outside Reps

Arcade Belts, the rugged belt brand, announced three outside sales force members will join the team to build out multiple retail territories in the United States and Canada. The Raven Workshop will lead growth in Utah, Josh Kearney in Los Angeles, and Nickson Agencies in Ontario, Canada.

REI To Open First Alabama Store

REI Co-op will open its first store in Alabama in Birmingham on October 4. Located at The Summit, REI’s new, will measure 20,000 square foot.

VF Corp. Targets 7-To-8 Percent Annual Growth

VF Corp. said it is targeting a five-year compounded annual growth rate (CAGR) between 7 percent and 8 percent through fiscal 2024, fueled by VF’s largest brands (Vans, The North Face, Timberland and Dickies) and the company’s international and direct-to-consumer business platforms.

Nearly All U.S. Adults Want to Protect Natural Resources

Nearly all U.S. adults (93 percent) believe it is important to protect natural resources, including fresh air and clean water, through the acquisition and maintenance of local parks, trails and green spaces, according to a newly released report from the National Recreation and Park Association (NRPA).