Top headlines from the active lifestyle industry you may have missed this week, including Mammut North America—a division of Swiss-based Mammut Sports Group AG—parting ways with the company’s managing director, Joe Prebich (pictured), for undisclosed reasons.
Category: Outdoor
VF Corp. Lifts Guidance On Q2 Beat
VF Corp. raised the company’s earnings and revenue guidance for the year after reporting earnings in the second quarter ended September 29 that easily topped Wall Street’s guidance.The quarterly sales gains were again led by Vans, which jumped 26 percent. The North Face’s revenues grew 5 percent.
5.11 CEO Francisco Morales Talks Retail Expansion, Tactical Sector Growth
Francisco Morales, newly appointed CEO of 5.11—the tactical gear brand he co-founded in 2003—spoke with SGB about what’s driving the company’s brick-and-mortar growth, the explosion of the tactical sector and the importance of having a supportive parent company like CODI.
The Conservation Alliance Celebrates 10th Annual Backyard Collective
On Thursday, October 11, The Conservation Alliance celebrated the association’s 10th Annual Backyard Collective stewardship event in Bend, OR. More than 90 volunteers from 10 member companies participated in the day.
Ortovox Appoints Northeast Reps
Ortovox, a leader in avalanche safety and wool-based mountain wear since 1988, announced the company’s partnership with Rand Whitney, principal of Alpin Sport Group in the Northeast territory, covering Maine to Maryland.
Moody’s Affirms Bass Pro’s Ratings On Cabela’s Progress
Moody’s affirmed the ratings of Bass Pro after due to improving margins as synergies from the company’s merger with Cabela’s have arrived ahead of plan. Bass Pro’s debt repayments have also been higher than expected since the acquisition closed.
Winnebago Shares Climb After Earnings, Revenue Beat
Shares of Winnebago Industries grew $1.45, or 4.6 percent, at market close Wednesday following a fourth-quarter earnings report that beat Wall Street expectations on both earnings per share and revenue. However, softness in the RV market and slowing profits brought shares down to earth after an early morning surge of 17 percent.
Nordica Appoints Marketing And Sales Support Specialist
Nordica announced the hiring of Joe Cavallaro as the company’s marketing and sales support specialist.
Play It Again Sports Parent Sees Robust Q3 Profit Gain
Winmark Corporation, the parent of Play It Again Sports, reported net income for the quarter ended September 29, 2018 of $8.36 million, or $2.01 per share, compared to $5.86 million, or $1.36, in the third quarter of 2017.
New Footwear Legislation Now In Effect
According to a trade alert sent out Wednesday by Rich Harper of the Outdoor Industry Association, legislation supported by OIA that will lower costs on certain outdoor footwear products officially went into effect on Saturday, October 13.
OIA Announces Outdoor Retailer Winter Market Education Schedule
Outdoor Industry Association (OIA), the nonprofit trade association for the outdoor industry, released the Outdoor University education schedule for Outdoor Retailer Winter Market.
Winnebago’s Q4 Earnings Climb 19.5 Percent
Winnebago Industries, which earlier this year entered the marine segment with the company’s acquisition of Chris-Craft, reported earnings rose 19.5 percent in the fourth quarter ended August 25 on a 17.9 percent revenue gain.
Leki Announces New Sales Representation In South-Central U.S.
Leki, maker of trekking, ski and trail running poles, has announced the appointment of sales rep Mike Felix of Midcoast Outdoors to cover the South-Central trekking and outdoor retail territory (TX, AR, OK, KS, LA), effective January 1, 2019.
SGB Executive Q&A: Cascade Designs COO Dave McDonald
Dave McDonald, who was recently appointed COO of Cascade Designs—the Seattle, WA-based company that owns and operates a portfolio of popular outdoor brands—spoke with SGB about his new role and how he plans to help the longtime company improve its operational excellence.
LifeStraw Partners With The Conservation Alliance
LifeStraw, a maker of water filtration and purification products, announced Tuesday the company is joining The Conservation Alliance and introducing a special edition LifeStraw Go bottle, “Big Adventure, Small Footprint,” with 5 percent of sales going to the group’s public lands programs.
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