Camping World Holdings Inc. closed on just one acquisition in the third quarter, but the Lincolnshire, IL-based company announced two more deals and signed a purchase agreement for another in October (Q4) as it takes advantage of a marketplace that is ripe for active buyers. “In a highly fragmented industry … we continue to see a number of acquisition opportunities,” said President Brent Moody.
Category: Outdoor
REI Co-op To Open New Store in Kalispell, MT
Outdoor co-op REI will open its new store in Kalispell, MT, on Nov. 9 at the Spring Prairie Commons shopping center on Nov. 9.
ISPO Munich Adding Two More Halls For 2019 Show
ISPO Munich will be boasting an extra two halls in ISPO Munich 2019. In January 2018, over 2,800 exhibitors showcased their products at the leading international trade fair spread across 16 halls.
Wolverine Lifts Guidance On Strong Q3 Profit Gains
Wolverine World Wide Inc. lifted its guidance for the third time this year after reporting earnings on an adjusted basis rose 44 percent. Underlying revenue rose 1.1 percent on a currency-neutral basis.
HydraPak Acquires Polar Bottle
HydraPak, maker of performance hydration products and the largest OEM supplier of reservoirs globally, on Tuesday announced its acquisition of Polar Bottle. Financial terms of the deal weren’t disclosed.
Black Diamond’s Strong Q3 Helps Clarus Reach New Heights
A stellar third quarter from Black Diamond propelled the brand’s parent Clarus Corp. to post record sales in the period and also prompted the company to lift revenue and EBITDA guidance for 2018. Black Diamond notched 12 percent growth, including 14 percent growth in climb and 40 percent growth in apparel.
Bogs Sales Dip 5 Percent In Q3
Weyco Group, Inc. reported wholesale sales of Bogs were down 5 percent for the third quarter, mainly with outdoor and online retailers.
Camping World Misses On Q3 Revenue, EPS Targets
Camping World Holdings Inc. reported revenue for the third quarter ended September 30 increased 6.2 percent to $1.313 billion, but it fell short of Wall Street’s estimates by $110 million.
Merrell Launches “One Trail” Project To Showcase And Celebrate Diversity
Merrell has launched the One Trail project, a campaign celebrating diversity on the trail and seeking to contemporize attitudes about outdoor participation. The first element of the campaign is a mural of portraits taken on trails across the country on September 1, 2018, commemorated in an online gallery.
O2COOL Acquired By Maurice Sporting Goods
Maurice Sporting Goods, which is owned by Middleton Partners, has acquired Chicago-based O2COOL, which makes portable fans, water-cooling hydration bottles, outdoor accessories and other novelty items. Financial terms weren’t disclosed.
Salewa North America Appoints Drew Saunders As Country Manager
Salewa North America, which operates the Dynafit, Salewa, Wild Country and Pomoca brands in the U.S. and Canada, has announced promotions within its North American leadership team—Drew Saunders has been named country manager, while Ross Herr was named sales and marketing manager
Diamond Brand Gear Promotes Lauren Rash To COO
Diamond Brand Gear, an American legacy in domestic outdoor gear manufacturing since 1881, has announced the promotion of Lauren Rash to COO. Previously VP of operations for Diamond Brand Gear, Rash has been with the brand since 2016, where she has excelled at manufacturing planning, product design, quality control and operations.
Yeti Set To Open Stores In Chicago And Charleston
Yeti plans to open its second and third stores in Chicago and Charleston, according to a regulatory filing.
Retail Reports Roundup
Retail studies arrived on increasing rates of discretionary spending online, online personalization disappointing consumers, disconnects around consumers pricing perceptions, unplanned absence creating selling floor shortages, and rewards members desire for cash.
October M&A Roundup: Implus Nets 20th Acquisition
Acquisitions made by a fitness accessories company, a sporting goods retailer and a bike components manufacturer—each with vastly different track records of making deals—highlighted a busy month for M&A across the sporting goods, outdoor and active lifestyle industries.
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