Top headlines from the active lifestyle industry you may have missed this week, including Yeti’s lukewarm initial public offering debut.
Category: Outdoor
Thule’s Currency-Neutral Sales Expand 3.8 Percent In Q3
Thule Group reported sales for the third quarter amounted to SEK 1.56 billion corresponding to a year-over-year increase of 12.7 percent. Adjusted for exchange rate fluctuations, sales rose 3.8 percent.
Yeti’s IPO Makes Lackluster Debut
Amid volatile stock market conditions, Yeti’s initial public offering were priced at $18, below the company’s projected range of $19 to $21. Yeti also sold 16 million shares in the offering, down from 20 million initially planned. On the company’s first day of trading on Thursday, shares fell $1.00, or 5.6 percent, to $17.
Outdoor Drives Amer Sports In Q3 As Company Stays Quiet On Anta Bid
Amer Sports made it clear Thursday that the company wouldn’t discuss Anta Sports’ acquisition bid, leaving the company to focus solely on Amer’s solid third-quarter performance, especially in the company’s outdoor segment. Amer Sports reported earnings in the third quarter ended September 30 increased 47 percent while sales grew 8.5 percent.
Columbia Sportswear Raises 2018 Guidance On Earnings, Revenue Beat
Columbia Sportswear Co. on Thursday afternoon reported that net income for the third quarter ended September 30 increased 14 percent to $100.2 million, or $1.42 per diluted share, compared to third quarter 2017 net income of $87.7 million, or $1.25 per diluted share. The company’s earnings beat Wall Street estimates by 14 cents.
Deckers Lifts Guidance As Quarterly Earnings Surpass Predictions
Deckers Brands reported earnings in the third quarter jumped 50.1 percent to $74.4 million, or $2.48, from $49.6 million, or $1.54, a year ago. Revenues expanded 4.0 percent, led by a 28.4 percent gain for Hoka One One. Ugg’s sales dipped 1.0 percent.
Amer Sports Appoints Megan Porteous Digital Marketing Director
Amer Sports, the parent of Arc’teryx, Salomon and Wilson Sporting Goods, announced the promotion of Megan Porteous to the position of digital marketing director, Americas. In her new position, effective November 1, Porteous will oversee the company’s portfolio-wide transformation as an omnichannel marketing organization in the Americas region.
RECALL: Electric Skateboards
About 10,000 Electric Skateboards from Yvolve Sports are being recalled. The The tire on the skateboard can deflate posing a fall hazard to the user.
Timberland Appoints Global Creative Director
Timberland appointed Christopher Raeburn to serve as global creative director for the brand.
Outdoor Research Invests With Sales Team Hires, New Technology Platform To Support Wholesale
Outdoor Research, the Seattle-based manufacturer of industry leading outdoor apparel and gear, hired Andy Burke as head of commercial sales. Burke comes to his new post from Prana, where he worked for more than six years as its national sales manager. In addition, Outdoor Research hired Dan Petersen as senior manager of corporate sales.
Heidi Prior Joins America Outdoors As Business Development Specialist
America Outdoors, the leading association of outfitters, is pleased to introduce the newest member of the AO team, Heidi Prior, who will step into a new role as business development specialist.
Gazelle Bikes Expands Sales Team, Hires Jim Mercier As Eastern Regional Sales Manager
Gazelle Bikes, the 125-year-old Dutch brand, has bolstered the company’s sales management team with the hiring of Jim Mercier as Eastern regional sales manager to help meet the increased demand and growth goals of their line of electric bikes.
Yuba Bicycles Names Jeff Wuerthele Eastern U.S. Sales Representative
Yuba Bicycles, makers of electric and pedal powered cargo bikes, has hired Jeff Wuerthele as a sales representative for the Eastern U.S. effective immediately. Wuerthele will be responsible for developing dealer relations and consumer demand throughout the region.
VF Corp. CEO Steve Rendle Honored By Corporate Responsibility Magazine
VF Corp. on Thursday announced that the company’s chairman, president and CEO Steve Rendle has been recognized by Corporate Responsibility (CR) Magazine as a Responsible CEO of the Year. The annual awards are given to corporate leaders who are committed to a progressive environmental, social and governance agenda.
Helly Hansen & American Magic To Take On The America’s Cup
Helly Hansen, the Norway-based global leader in sailing, on Thursday announced a partnership with New York Yacht Club American Magic, the U.S. Challenger for the 36th America’s Cup, the highest prize in international sailing.
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