Canadian Tire Corp.’s acquisition of iconic outdoor brand Helly Hansen from Ontario Teachers’ Pension Plan for US$771 million fulfills two goals for the diversified company—bolster the company’s core business and extend the company’s reach across the globe.
Category: Outdoor
Aisle Talk Week Of May 7
Top headlines from the active lifestyle industry you may have missed this week, including Herschel Walker (pictured) being appointed to President Trump’s Council on Sports, Fitness and Nutrition.
Bass Pro Shops & Cabela’s To Add Sunglass Hut Shop-In-Shops Across U.S.
Bass Pro Shops and Cabela’s together with Luxottica Group on Friday announced plans to roll out Sunglass Hut retail shop-in-shop concepts in approximately 160 locations across the U.S.
Columbia Sportswear Appoints VP Of Global Merchandising
Columbia Sportswear announced the appointment of Michael Richardson to serve as vice president of global merchandising for the Columbia brand.
SGB Executive Q&A: Helly Hansen CEO Discusses Sale To Canadian Tire
Helly Hansen is being sold to Canadian Tire Corp. for about $771 million in a deal announced early Thursday, but don’t look for sweeping changes at the iconic Norwegian outdoor brand. Helly Hansen CEO Paul Stoneham (pictured, pointing) spoke with SGB about what’s in store for the company moving forward.
Outdoor Retailer To Host “Urban Adventures” In Downtown Denver
Outdoor Retailer announced the show’s popular demo experience, this year called “Urban Adventures,” will make its Denver debut downtown at Confluence and Commons Parks, on Sunday, July 22.
Peak Resorts Announces Strong Pre-Season 2018/19 Season Pass Sales
Consolidated season pass sales through April 30, 2018 increased 14 percent on a unit basis and 16 percent on a dollar basis, compared to the prior year, driven by continued broad interest in the Peak Pass among Northeast skiers and riders.
H2O Performance Paddles Hires U.S. Account Manager
Rob Yager will be H2O’s full time U.S. account manager responsible for developing H2O’s U.S. retail network.
La Sportiva Grows Sales Team In Southwest With Caraway & Co.
La Sportiva announced the hiring of Caraway & Co as the brand’s sales representatives in the Southwestern U.S.
Canadian Tire Sees Earnings Dip In Q1 But Sales Improve
Canadian Tire Corporation, Limited reported earnings dipped in the first quarter due to accelerated depreciation expense but consolidated same-store sales grew 5.2 percent in the quarter and retail gross margins improved. FGL’s same store sales increased 3.9 percent.
Canadian Tire Agrees To Acquire Helly Hansen
Canadian Tire Corporation Ltd (CTC). entered into an agreement to purchase Helly Hansen, the maker of sportswear and workwear based in Oslo, Norway. The purchase price was Canadian $985 million (U.S. $771 mm).
Bass Pro Cancels Plan For Palm Beach County Location
Bass Pro Shops has canceled plans for a store in Palm Beach County, Florida, according to the Palm Beach Post.
Helinox Hires Marketing And Sales Chiefs
Helinox, the maker of lightweight collapsible furniture, announced the hiring of a VP of marketing, Azul Couzens and a VP of sales, Trudy Hutton.
Recall: Specialized Bicycles With Stout Cranks
About 1,800 Specialized bicycles with Stout cranks are being recalled.
Wolverine’s ‘Consumer Obsession’ Kicks Into High Gear
Wolverine Worldwide Inc.’s first-quarter performance not only beat analysts’ expectations on both revenue and income, but it prompted the company to raise full-year earnings guidance as the next phase of an ambitious, multimillion-dollar global growth agenda kicks in.
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