Gear.com announced the launch of its Give-A-Buck Scholarship Program. Gear.com will begin accepting applications for its first round of scholarship recipients on July 1 and select three scholarship recipients by September 30.
Category: Outdoor
Newell Brands Names CFO Peterson As Interim CEO
Newell Brands announced the appointment of Executive Vice President, Chief Financial Officer Christopher Peterson as interim chief executive officer effective June 28. Peterson succeeds President and Chief Executive Officer Michael Polk, who is retiring effective at the end of June as previously announced.
Academy Sports Debt Ratings Upgraded Following Distressed Exchange
Standard & Poors Corp. raised Academy Sports’ debt ratings to ‘CCC+’ from ‘SD’ (selective default), as expected, a few days after lowering its rating following the retailer’s repurchase of a portion of its senior secured term loan facility due 2022. S&P said its continued negative outlook on Academy “reflects our expectation that weak performance will persist and meaningful operational improvement is unlikely in the next 12 months.”
Decathlon And YBike Support Bay Area Youth
Decathlon announced its initiative in support of YBike — a YMCA of San Francisco program that transforms Bay Area youth into active outdoor enthusiasts, skilled cyclists, and more confident young adults.
Columbia Sportswear Testifies Against the Trump Administration’s Proposed Tariff Hike
Katie Tangman in her testimony said, “Reducing investment to pay millions of dollars in extra tariffs and to move production, will seriously hinder our ability to continue to grow and create more U.S. jobs. At a time of rapid retail change, we simply cannot afford to slow our investments due to these punitive tariffs.”
Cabela’s Distribution Center In Sidney Sold
MMP Enterprises Inc., based in Toronto, signed a purchase agreement to acquire the former Bass Pro Shops/Cabela’s distribution center at 3200 Rd 101 in Sidney, NE. The news comes nearly four months after the announcement from Bass Pro Shops that the distribution center would be closed in order to meet their two-day shipping initiative.
Mountain Khakis Grows Product Team Again
Mountain Khakis announced two more additions to the product team: Jennifer Fernandez and Lisa Reinhart. Both based out of Charlotte, NC, Fernandez will take on the role of product line manager and Reinhart as senior development manager.
Arc’teryx Launches Repurposing Program
Arc’teryx launched of a recommerce program called Rock Solid Used Gear. Arc’teryx will buy back used gear in good condition, clean and repair products and resell the items at a lower cost.
Dorel Appoints To Appoint Independent Board Members, Secures Loan
Dorel Industries Inc. said it plans appointed one or more independent director and entered into a five-year senior unsecured financing.
L.L. Bean Launches Summer Campaign
L.L.Bean is bringing its L.L.Bean Backyard Campsite to major cities across the U.S. and partnering with rideshare company Uber to support its S’more Out of Summer campaign.
S&P Downgrades Academy Sports’ Debt Ratings
Standard & Poor’s lowered its issuer credit rating on Academy Sports to ‘SD’ (selective default) from ‘CCC+’ and the issue-level ratings on the term loan facility to ‘D’ from ‘CCC+’ due to the retailer’s repurchase of debt.
OIA’s Rich Harper Speaks Out On Potential Tariffs Impact
At hearings before the U.S. Trade Representative’s Office, Rich Harper, manager of international trade, OIA, said the proposed List 4 tariffs on $300 billion worth of Chinese imports would “raise costs for outdoor companies, cut already thin profit margins, hamper innovation and new product development and depress U.S. job growth.”
Hydro Flask Makes Pledge To Combat Single-Use Plastics at Outdoor Retailer
Hydro Flask will provide 1,992 of its hydration and drinkware products, a retail value of over $53,564, to support of the Plastic Impact Alliance – a grassroots commitment to removing single-use plastics from Outdoor Retailer.
Sportfishing Industry Testifies On Tariffs Before U.S. Trade Representatives
The American Sportfishing Association’s (ASA) President, Glenn Hughes, along with many ASA members, made the case before the office of the United States Trade Representative (USTR) that sportfishing equipment should be excluded from the next round of proposed tariffs on Chinese imports.
Outdoor Retailer Summer Market Kicks Off This Week
More than 1,400 exhibiting brands and over 25,000 attendees are expected to gather this week Outdoor Retailer Summer Market at the Colorado Convention Center. The show features more than 250 new exhibitors and is the largest event held at the convention center.
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