RILA Encouraged By Path Forward With China On Trade

Retail Industry Leaders Association’s vice president for international trade, Hun Quach, issued a statement following President Donald Trump’s meeting with Chinese President Xi Jinping during the G20 meeting in Argentina.

Lowa To Appoint Alexander Nicolai CEO

Lowa said that effective January 1, 2019, Alexander Nicolai will assume leadership of the Lowa’s operative business activities as the new chief executive officer. After heading Lowa for more than 25 years, Werner Riethmann will gradually begin to withdraw from daily business operations next year.

Prayers Answered: Early Snowfall Bodes Well For Ski Resorts

Skiers and snowboarders aren’t the only ones whose prayers for plentiful snow to start the season have been answered. The owners and operators of resorts across the country are especially thankful for the early openings and hopeful that this momentum will lead to a long and prosperous season.

Aisle Talk Week of November 26

Top headlines from the active lifestyle industry you may have missed this week, including analysis from The Running Event (TRE), which shows that the industry is flying high once again after a couple of years of declining sales in the run specialty channel.

Callaway Golf Company To Acquire Jack Wolfskin

Callaway Golf Company announced that it has entered into an agreement to acquire Jack Wolfskin for €418 million, or approximately $476 million. The acquisition furthers Callaway’s push into the active lifestyle category after its successful 2017 acquisitions of TravisMathew and Ogio.

LL Bean Family Members Donate $4M To Maine Medical Center

Medical Center announced today a gift of $4 million provided by Lisa Gorman and the children of L.L. Bean Chairman Emeritus Leon Gorman and their spouses. In recognition of the gift, the planned Congress St. building lobby will be named after the late Leon Gorman.

Mountain Equipment Supports Ice Climbing Community

Mountain Equipment, a U.K. designer and manufacturer of outdoor gear and apparel, announced that the brand is renewing its sponsorship at the Ouray Ice Festival in January 2019 by increasing its involvement as an Official Sponsor.

Yeti ‘Wild’ On Growth Prospects

In its first earnings report since going public, Yeti Holdings Inc. reported third-quarter earnings that topped Wall Street’s consensus target by $3.00 a share and set long-term growth targets of 10 to 15 percent as it pursues new categories, new customer segments and new channels. But shares fell $3.09, or 16.1 percent, on Thursday apparently due to concerns over weakness in its Cooler/Equipment segment.

Yeti Beats On EPS In First Public Earnings Report

In its first earnings report since going public, Yeti Holdings Inc. on Thursday reported adjusted net income for its third quarter ended September 29 grew 81 percent to $20.2 million, or 24 cents per diluted share, beating Wall Street’s targets by 3 cents.