Escalade Sports, a wholly owned subsidiary of Escalade Inc., announced that it has acquired Victory Tailgate, a brand known for its premium licensed and custom tailgating games. The acquisition will significantly strengthen Escalade Sports’ leadership in the tailgating and lawn games’ categories.
Category: Outdoor
Crocs’ Stock Jumps As Turnaround Gains Further Traction
Shares of Crocs Inc. jumped $5.91, or 27.6 percent, to $27.35 on Thursday after the company reported earnings that flew past Wall Street’s targets on 13.7-percent growth in the Americas region and meatier gross margins. Guidance was sharply lifted for the year.
Canadian Tire Touts Growth Potential For Helly Hansen, Looks To Reset Sport Chek
On its third-quarter conference call, Canadian Tire officials indicated that Helly Hansen, acquired in early July, is off to a “good start” with its integration process and should find a bigger presence across the company’s Canadian stores by mid-2019. They also laid out plans for Sport Chek to re-merchandise departments by categories instead of by brand, expand private labels, and improve inventory productivity.
Leatherman Tool Group To Sell Ledlenser
Leatherman Tool Group (LTG) announced it will sell Ledlenser GmbH & Co. KG of Solingen, Germany, the maker of Ledlenser LED lights to Afinum.
Dick’s To Kick Off The Holiday Season With ‘Biggest Black Friday Week Ever’
Dick’s Sporting Goods said it will be holding its “Biggest Black Friday Week Ever” with stores opening on Thanksgiving at 6:00 p.m. The retailer will also be offering Cyber Week deals online and “Hot Holiday Deals” at dicks.com and in-store throughout the holiday season.
Direct Alpine Seeking Brand Ambassadors
Direct Alpine, the technical outdoor brand based in the Czech Republic, is currently enlisting athlete ambassadors to represent the brand in the United States, in return for free gear and commissions for each sale made.
Keen Appoints VP Of Product Design And Innovation
Keen, Inc. welcomed Chris Pawlus, formerly at Timberland, as its new VP of product design and innovation. In his new role, Pawlus will oversee the innovation team and the product design team for Outdoor, Lifestyle and Kids (OLK).
United By Blue Announces Series A Financing
United By Blue, the outdoor brand known for sustainable products that support ocean and waterway conservation, has raised a Series A financing round. The round was led by Emil Capital Partners with participation from CircleUp, Golda Darty, Connected VC, Patient Capital Collaborative, amongst others.
REI To Invest $1 Million In Thrive Outside Program
REI Co-op is investing $1 million in the Outdoor Foundation, the charitable arm of Outdoor Industry Association, to support the Thrive Outside program, designed to help young people’s social, emotional and academic development through the outdoors. REI joins VF Corp., Patagonia and Thule, which all made significant multi-year pledges during Outdoor Retailer Summer Market in July.
Duluth Trading Opens Store In South Portland, Maine
Duluth Trading announced the grand opening of its 45th store in South Portland, Maine.
Canadian Tire’s FGL Segment Resumes Growth In Q3
Canadian Tire Corporation reported retail sales at its FGL segment, including Sport Chek, were up 1.6 percent in the third quarter with comparable sales up 2.2 percent. The company said it also saw a “strong start” to newly-acquired Helly Hansen.
Crocs Lifts Outlook As Revenue Gains Pick Up Steam
Crocs Inc. raised its guidance for the year after reporting a surprise profit in the third quarter on strong demand for its clogs and sandals. Sales in the period accelerated to 9.3 percent growth on a currency-neutral basis and Crocs said it expects a mid-single digit revenue increase in 2019.
BioLite Appoints Waypoint Outdoor In New Growth Plan
BioLite, the specialist in off-grid energy solutions, hired Waypoint Outdoor as its exclusive nationwide master sales representative group for the US Outdoor Wholesale Market.
PlumRiver Agrees To Acquire CenterStone Technologies
PlumRiver Technologies on Wednesday announced that the company has signed an agreement to acquire CenterStone Technologies as part of a strategic move to create a standardized B2B e-commerce interface between manufacturers and retailers. Financial terms of the deal weren’t disclosed.
MEC CEO David Labistour To Step Down
After 11 years heading the organization, CEO David Labistour will be leaving his role at MEC ((Mountain Equipment Co-op) in June 2019, handing over to a new CEO who will continue the co-op’s journey to get people off the couch and active outside.
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