Outdoor Vendor

PSEB Group Announces CEO Transition

PSEB Group, an operating company composed of Pacific Sunwear of California and Eddie Bauer, announced that Mike Egeck will be stepping down as CEO, effective February 4, 2020, to pursue a new opportunity outside of the apparel industry and be geographically closer to his family. PSEB director Jim Gulmi will serve as nterim CEO. (Read More)

VF Corp Reduces Full-Year Guidance After Q3 Revenue Miss

VF Corp Reduces Full-Year Guidance After Q3 Revenue Miss

VF Corp cut its full-year revenue and profit forecast on Thursday after missing Wall Street estimates for third-quarter revenue due to a shortfall in the U.S. On a currency-neutral basis in the quarter, sales grew 13 percent at Vans, 4 percent at The North Face and 13 percent at Dickies. Timberland's sales were down 5 percent. (Read More)

Milliken To Acquire Borchers

Milliken To Acquire Borchers

Milliken & Company, which acquired Polartec in June 2019, signed an agreement to acquire Borchers Group Limited, a specialty chemicals company known for its coating additives and specialty catalyst solutions. (Read More)

CODI’s Debt Ratings Upgraded

CODI’s Debt Ratings Upgraded

The corporate family debt ratings of the parent of 5.11 Tactical, Velocity Outdoor and Liberty Safe were upgraded to  Ba3 from B1 and the probability of default rating (PDR) lowered to Ba3-PD from B1-PD. (Read More)

Vail Resorts Seeing Total Skier Visits Decline

Vail Resorts Seeing Total Skier Visits Decline

Vail Resorts Inc. reported season-to-date total skier visits were down 7.8 percent compared to the prior year season-to-date period. The company continues to expect EBITDA for fiscal year 2020 to be within past guidance given strong season pass sales and the recently improved conditions at Whistler Blackcomb and Stevens Pass. (Read More)

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