Starboard Value LP, which owns approximately 3.8 percent of Newell Brands, announced that the company has released a detailed presentation outlining the opportunity to create meaningful value at Newell.
Category: Outdoor
Vista Outdoor To Exit Firearms, Sports Protection And Paddle Boards
On a conference call with analysts, Christopher Metz, CEO of Vista Outdoor, explained the strategy behind the company’s decision to focus on brands within four distinct categories, ammunition, hunting/recreational shooting accessories, hydration bottles and packs and outdoor cooking products, while divesting Bell, Giro, Blackburn, Jimmy Styks and Savage and Stevens firearms.
Big 5’s Sales Tumble In Q1
Big 5 Sporting Goods Corp. reported first-quarter loss as gross margins eroded 200 basis points and same-store sales fell 7.5 percent. The sales decline was due to warm and dry weather conditions in the western states. The results were in line with guidance given in February.
Osprey Appoints New Hires
Osprey Packs welcomed a new vice president of operations, new directors of design and production and hired a vice president of innovation.
Deckers Brands Appoints William L. McComb To Board
Deckers Brands appointed William L. McComb to its board of directors.
Vista Outdoor To Explore Divestitures On Non-Core Brands
Vista Outdoor Inc. reported that the company plans to explore the divestiture of the Sports Protection brands (e.g. Bell, Gir, and Blackburn), Jimmy Styks paddle boards, and Savage and Stevens firearms as part of a strategic business transformation plan.
Thule’s Q1 Profits Climb 12 Percent
Thule Group AB reported first-quarter earnings jumped 11.9 percent to SEK 220 million as revenue improved 5.6 percent to SEK 1.6 billion.
L.L.Bean To Open Store In Hilldale
L.L.Bean plans to open the company’s second Wisconsin store May 11 with giveaways and an outdoor party.
Gander Outdoors Prepares For Grand Opening In Greensboro, NC
The store will be be one of five Gander Outdoors retail locations in North Carolina.
Inov-8 Named Official Footwear Of OCR World Championships
The Obstacle Course Racing (OCR) World Championships announced that Inov-8 has signed on the Official Footwear Brand of the 2018 championships.
Implus Acquires Winter Traction Brand Stabil
Implus, a Durham, NC-based provider of athletic, fitness and outdoor accessories, has acquired 32 North Corp., dba Stabil, the maker of Stabilicers, Stat-A-Rest and Stabil Turf performance footwear traction products made in the U.S. and Canada. Terms were not disclosed.
Amer Sports Acquires Peak Performance
Amer Sports Corporation has acquired all the shares and related businesses of Peak Performance AB from the Danish fashion company IC Group.
Aisle Talk Week Of April 23
Top headlines from the active lifestyle industry you may have missed this week.
Columbia’s Strong Q1 Sparks $10M Investment Plan
An impressive first-quarter performance not only increased Columbia Sportswear Co.’s sales expectations for 2018 but also bolstered plans for the company to invest $10 million in e-commerce and other capabilities in the second half of the year.
Hydro Flask Closes Out Another Robust Year
Said Julien Mininberg, Helen of Troy’s CEO, on a conference call with analysts, “Hydro Flask sell-through rates continue to be solid and the brand continues to add share to its already market-leading position.
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