Category: Outdoor

Aisle Talk Week Of March 11

March 15, 2019 SGB Executive

Top headlines from the active lifestyle industry you may have missed this week, including Brooks Running Company’s promotion of Dan Sheridan to a newly configured role of EVP and chief operating officer.

Dorel Sports Q4 Hurt By Softness In Mass Channels

March 14, 2019 SGB Executive

Dorel Industries Inc. reported that profitability in its Dorel Sports’ segment came in below plan in the fourth quarter due to a slowdown in bicycle sales across the board at Pacific Cycle that targets the mass channel. Martin Schwartz, president and CEO of Dorel Industries, said the exit of Toys “R” Us didn’t benefit the mass channel as much as projected.

LEM Helmets Welcomes Jay Petervary To Ambassador Team

March 14, 2019 SGB Update

LEM Helmets, manufacturer of cycling helmets, welcomed Jay Petervary to its growing ambassador team. Petervary – AKA JayP – brings more than 25 years of experience and accomplishments in ultra-endurance and adventure racing to the LEM team.

Dorel Sports’ Q4 Sales Slip

March 14, 2019 SGB Update

Dorel Industries Inc. reported fourth quarter revenue in its Dorel Sports segment declined 1.7 percent, to $232.7 million from $236.8 million last year but grew by approximately 2.6 percent after excluding the negative impact of varying foreign exchange rates year-over-year and the divestments of the Sugoi and Sombrio brands in the second quarter of 2018.

Safilo’s Losses Narrow In 2018

March 13, 2019 SGB Update

Safilo Group S.p.A., the parent of the Smith eyewear brand, reported an improved loss on an adjusted basis in 2018 due to cost savings. Sales were down 4.0 percent on a currency-neutral basis.

RECALL: Igloo Marine Elite Coolers

March 13, 2019 SGB Update

Igloo is voluntarily recalling some of its Marine Elite coolers. The company said it’s possible that the stainless-steel latch could, inadvertently close where a person could potentially become locked inside.

Thru-Hike Syndicate Kicks Off Sixth Season

March 13, 2019 SGB Update

Vasque announced its roster of ambassadors for the Thru-Hike Syndicate’s 2019 season. The Thru-Hike Syndicate is supported by Vasque, Osprey Packs, NEMO Equipment, Leki Trekking Poles and Darn Tough Vermont.

Dick’s Traffic Doldrums Continue

March 12, 2019 SGB Executive

Dick’s Sporting Goods reported better-than-expected fourth-quarter results and outlined a number of initiatives to jump-start comp growth, including replacing its hunt sections in another 120 stores with faster-turning categories and switching out its licensed Reebok brand for a new private-label athletic label. But shares of Dick’s fell as management predicted only minimal top-line recovery in the current year.

Hammerhead Secures $4.1 million In Funding

March 12, 2019 SGB Update

Hammerhead, maker of the Karoo cycling computer, has closed a $4.1 million seed plus round, led by Primary Venture Partners and KB Partners. Also participating were Courtside Ventures, Maveron, Robin Thurston, the co-founder of MapMyFitness and previously Chief Digital Officer at Under Armour, and Andy Ording, the CEO of Zipp.

Accell Group Sees Growth Accelerate In 2018 Second Half

March 11, 2019 SGB Update

Accell Group N.V., the leading European bicycle company with brands such as Haibike, Koga, Batavus and Raleigh, announced that its ‘Lead Global. Win Local’ strategy is starting to pay off in its core markets (excluding North America). Growth in the second half of 2018 accelerated to 10.4 percent, bringing FY core turnover growth to 6.1 percent.

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