In “2019 Outlook: Uncertainty Presents Opportunities,” a note that was sent to investors this week, Jim Duffy of Stifel outlined what he believes are going to be the differentiators for sports and active lifestyle brands in the new year. The newly public Yeti Holdings Inc., for example, was among those forecasted for a strong year based on its new product drivers and digital competency.
Category: Outdoor
YFM Equity Partners Sells Stake In Gill Marine
YFM Equity Partners has sold its stake in Gill Marine Holdings Limited, best known for their waterproof jackets made for powerboating, sailing and fishing, for an undisclosed sum to the Myers family office,
Outdoor Industry Unites To Support Klean Kanteen And Victims Of The Camp Fire
In the midst of the Camp Fire tragedy in California that affected employees of Klean Kanteen and many others, the outdoor industry rallied to support those in need. A GoFundMe campaign has raised more than $160,000 to date. On Giving Tuesday, an additional $110,000 was raised for fire victims from the sale of a limited-edition Klean Kanteen “Butte Strong” bottle.
Minn Kota, Humminbird And Talon Become Premier Sponsors Of B.A.S.S.
Johnson Outdoors has expanded its sponsorship of B.A.S.S. events, including the Bassmaster Classic and Bassmaster Elite Series.
Diamond Brand Gear Bestowed 2018 WNC Best Brand Honor
Diamond Brand Gear, the maker of domestic outdoor gear since 1881, was recently named the 2018 WNC Best Brand for a Business Started Before 2010 by the Small Business Center at Blue Ridge Community College in Henderson County.
Gander Outdoors Store Closes In Paducah, KY
A Gander Outdoors location has closed in Paducah in Kentucky. By all indications, the store is the second Gander Outdoors location to close since Camping World began re-opening former Gander Mountain locations late last year under the updated name.
Accell Group To Explore Sale Of U.S. Business
In an update on its recently sharpened ‘Lead Global, Win Local’-strategy, Accell Group said it determined that the U.S. business is a non-core asset and management will explore a sale of the unit. Accell’s cycling brands sold in the U.S. include Raleigh, Diamondback and Redline.
Thule Group Acquires Rooftop Tent Maker Tepui Outdoors
Thule Group has announced the acquisition of rooftop tent maker Tepui Outdoors Inc. for $9.5 million. This acquisition will further enhance the Thule Group’s expanding portfolio of products focused on an active lifestyle.
Tariff Talk: How Is The Industry Responding?
GoPro last week announced plans to move most of its U.S.-bound camera production out of China by the summer of 2019 to mitigate the potential impact of inclusion on any new tariff lists. With significant uncertainty continuing, here’s an update from a few industry execs from third-quarter conference calls on what they’re planning to do to mitigate the potential tariff impact.
Amer Sports’ Board Issues Statement Supporting Sale
The board of directors of Amer Sports Corp issued a statement providing detailed reasons behind its support of a sale of the company to a consortium led by China’s Anta Sports. The statement points to the major premium Amer’s shareholders will earn at the offering price and the benefits from partnering with Anta, including a “significant opportunity to accelerate the expansion of its businesses in the Chinese market.” Heikki Takala, president and CEO of Amer Sports, and his key executives are expected to continue leading the Amer Sports’ businesses.
Thule Group Appoints VP Global Purchasing
Nis Gjendal has been appointed vice president global purchasing and member of group management in Thule Group, based out of the Group Headquarters in Malmö, Sweden.
Clean Bottle Acquired By Investment Firm
Clean Designs LLC, the parent company of Clean Bottle, has been acquired by Split Peak LLC, a private investment firm based in Boca Raton, FL.
November Retail Sales Increase 5 Percent
November retail sales were up 0.7 percent seasonally adjusted from October and increased 5 percent unadjusted year-over-year, completing the first half of the holiday shopping season with spending on track to easily meet the National Retail Federation’s forecast, NRF said.
Sufferfest Appoints President
Sufferfest, the beer brewed by athletes, for athletes, named Chris Strain president, effective immediately. Most recently, Strain served as chief marketing officer for Camelbak, where he oversaw the hydration brand’s product and marketing teams.
Case Study: Burton’s Patience In China Paying Off
In a companion piece to our special report on how U.S. snow sports brands can expand to China, SGB examines how Burton Snowboards established a strong presence in the China market way back in 2003. Now that the Winter Olympics are coming to China in three years, the Vermont-based brand is well-positioned for a booming snow sports marketplace. Here’s how they did it.
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