Duluth Holdings Inc. (dba, Duluth Trading Company) on Thursday announced the grand opening of the company’s 43rd store in Greensboro, NC. The store is located at 5400 Hornaday Road, Greensboro, NC, 27407.
Category: Outdoor
Amer Sports Profits Jump In Q3
Amer Sports reported earnings in the third quarter jumped 47.0 percent as sales gained 8.5 percent. The gains were led by the Outdoor segment which saw sales expand 12 percent on a currency-neutral basis. The Ball Sports segment was ahead 4 percent and Fitness segment was flat.
Wall Street Journal: Berkshire Partners Considering Sale Of Implus
Berkshire Partners is exploring a sale of Implus LLC, the parent of Sof Sole, Balega, SKLZ, Triggerpoint and a number of other brands in the accessories space, the Wall Street Journal reported. Berkshire has hired Robert J. Baird and Jefferies LLC to run an auction that could value Implus at about $1 billion, the article said.
Shimano’s Q3 Profits Sink On Cycling Weakness
Shimano Group reported operating income fell 15.4 percent in the third quarter ended September 30 due to lower revenues and earnings in the company’s cycling division. In North America, sales of Bicycle Components in the nine months at retail were “on par with an average year and distributor inventories remained at an appropriate level.”
Behind The Deal: Hayes Fills Portfolio Gap With Reynolds Acquisition
SGB goes behind the scenes of Hayes Performance Systems’ acquisition of carbon wheel maker Reynolds Cycling LLC, a deal that closed on Tuesday and was announced on Wednesday. Darren Campbell of Hayes Bicycle Group and Scott Montgomery of Reynolds explain why uniting their companies made perfect business sense.
Columbia Extends UTMB Trail Running Sponsorship
Columbia Sportswear has announced a three-year extension of the company’s partnership between the Columbia brand and the Ultra-Trail du Mont-Blanc (UTMB).
Peak Resorts Pre-Season Pass Sales Grow 22 Percent
Peak Resorts Inc., a Wildwood, MO-based owner and operator of U.S. ski resorts, on Wednesday reported that through October 19, pre-season sales of the company’s 2018/2019 Peak Pass increased 19 percent on a unit basis and 22 percent on a revenue basis, compared to the prior year.
Hayes Performance Systems Acquires Reynolds Cycling LLC
Hayes Performance Systems representatives announce the acquisition of Reynolds Cycling LLC, maker of premium carbon wheels. Financial terms of the deal were not disclosed.
John Lacy Named Co-CEO Of Burton With Donna Carpenter
Burton on Wednesday announced that the company’s current president, John Lacy, will now share the CEO role with Burton’s co-owner and current CEO, Donna Carpenter. The new co-CEO structure is a natural evolution for Carpenter and Lacy, who have run Burton in partnership for nearly three years.
Shimano’s Profits Expand 3.2 Percent In Nine Months
Shimano Group reported that net sales in the first nine months increased 3.2 percent from the same period of the previous year to ¥253.9 billion. Operating income increased 2.7 percent to ¥47.8 billion, ordinary income increased 35.2 percent to ¥54.8 billion and net income increased 42.4 percent to ¥40.0 billion.
James Curleigh Lands At Gibson Guitars
James “JC” Curleigh, formerly head of Keen and of Salomon Sports N.A., has been appointed CEO of Gibson Brands Inc., the famed maker of guitars.
Finalists Announced For Inaugural Outdoor Retailer Innovation Awards
Outdoor Retailer on Tuesday announced the finalists for the inaugural Outdoor Retailer Innovation Awards presented by Capital One Spark Business, which recognize design, innovation and achievement in the outdoor industry.
Rocky Brands Inc. Beats On Q3 Revenue & Income
Rocky Brands Inc. on Tuesday reported net sales for the third quarter ended increased 1.9 percent to $65.9 million compared to $64.7 million in the third quarter of 2017, beating Wall Street estimates by $0.4 million.
SGB Executive Q&A: PrimaLoft President & CEO Mike Joyce
PrimaLoft President and CEO Mike Joyce spoke with SGB about the company’s new synthetic insulation that is made from 100-percent recycled, biodegradable fibers. “We think this is a game changer,” he said, adding that “the technology will be a major revenue driver for us.” Our Q&A explains why.
The Conservation Alliance Welcomes Browne Accounting
The Conservation Alliance has announced that Seattle-based accounting firm Browne Accounting has joined as the alliance’s newest member. In joining The Conservation Alliance, the full-service, virtual firm is helping to protect public lands for future generations.
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal