In a joint letter, BPSA (Bicycle Product Suppliers Association) and PFBC (PeopleForBikes Coalition) said both of the organization’s “almost unanimously” approved a merger.
Category: Outdoor
Outdoor Foundation Invests $1.8M In Four Outside Communities
Outdoor Foundation announced its inaugural Thrive Outside Communities in Atlanta, GA; Grand Rapids, MI; San Diego, CA; and Oklahoma City, OK.
REI Expands Cycling Trips In Adventure Travel Business
REI is doubling the number of cycling adventures to more than 40 itineraries as part of its adventure travel business.
Vermont Ranks As Greenest State
According to WalletHub, the top five greenest states are Vermont, New York, Oregon, Connecticut and Minnesota.
Academy’s Struggles Continued In 2018
In an update, Moody’s Investors Service confirmed the debt ratings and outlook of Academy, Ltd., the parent of Academy Sports & Outdoors, while also indicating that the retailer’s financial performance continues to erode. The report noted that Academy’s comps declined in the mid-single-digit range and EBITDA declined 12 percent in 2018.
Snow Peak Moving U.S. Headquarters And Flagship
Snow Peak is moving and expanding its U.S. flagship store and company headquarters to a new location on NW 23rd in Portland, OR.
RECALL: Specialized Bicycles
About 63,000 bicycles with steerer tube collars from Specialized Bicycle Components are being recalled. The bicycle’s steerer tube collar can crack if exposed to corrosion resulting in sudden loss of steering control, posing fall and injury hazards to the rider.
SRAM Acquires PowerTap
SRAM announced the acquisition of the PowerTap line of bicycle power meters from Saris. The PowerTap product line includes the PowerTap P2 Pedal power meter system and the PowerTap G3 Hub power meter line.
Study Sees Strong Link Between Awards And Labels To Sporting Goods Purchases
A new survey of active consumers across Europe from ISPO finds 75 percent indicating they pay special attention to awards and technical labels such as Gore-Tex, Vibram or bluesign when buying new sporting goods.
Bill Supple Appointed Director, Brand and Business Development, Mountain Equipment Brand
Bill Supple, an outdoor industry veteran, has been recently brought on to help grow Outdoor & Sports Company (OSC)’s Mountain Equipment brand as brand and business development director. Supple has been CEO and president of Mammut Sports Group.
MEC To Open Flagship In Toronto
MEC, the leading outdoor retailer in Canada, confirmed its relocated Toronto flagship store will open April 13, 2019. MEC will occupy two levels of the 54,000-square-foot development located at 300 Queen Street West, offering the 490,000 co-op members in the Greater Toronto Area (GTA) a wider assortment of products and services.
Big Agnes Makes New Hires
Big Agnes Inc., the Steamboat Springs-based outdoor brand, announced a batch of new hires, growing its product, repair, dealer services and employee engagement teams.
New Initiative Underway To Grow Vermont’s Outdoor Business
A new initiative is underway to network, grow and raise awareness of Vermont’s diverse businesses, large and small, that help make the state a leader in outdoor recreation. Vermont is home to a number of outdoor brands, including Orvis, Burton, and Darn Tough.
Bullish Report On Outdoor Apparel Sector
A new study from Stifel finds outdoor apparel consumers generally rate apparel and footwear brands in the outdoor category with high regard and place particular importance on versatility, comfort and style. The top four brands identified as primary outdoor apparel brands in an accompanying survey were Nike, Columbia, The North Face and Under Armour.
Mammut Sees Healthy Growth In 2018
The Conzzeta Group, based in Switzerland, reported that its Outdoor segment (Mammut Sports Group) generated net revenue of CHF 253.4 million in 2018, up 10.9 percent, with double-digit growth in all three regions, Europe, America and Asia.
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