The Swedish ski, golf and outdoor apparel brand reported lower margins on higher sales in its latest quarter, as it focused on its direct business.
Category: Outdoor
Aisle Talk, Week of August 29
Headlines from the active lifestyle industry this past week you may have missed.
By the Numbers, Week of August 29
The leading figures from this week’s news in the active lifestyle space.
Confluence Outdoor Invades Surf Expo
The company is sending six of its eight paddle sports brands to the trade show, which is opening its floor to kayak, canoe and paddle markets for the first time.
PBS News Program to Profile E-bike Entrepreneur
Chris Nolte, a disabled Iraq war veteran who founded Propel Electric Bikes, will be featured in a Nightly Business Review segment that will air Sept. 2.
OIA Endorses 15 Congressional Candidates
Outdoor Industry Association Political Action Committee (OIAPAC) announced the first slate of Congressional candidates it is endorsing in the 2016 elections. “These candidates understand the importance of the outdoor recreation economy locally and across the nation and support the outdoor industry’s policy agenda in Washington, D.C.,” OIA’s Senior Director of Government Affairs and OIAPAC Treasurer […]
RECALL: 70 Salewa Wild Country Syncros Harnesses
Excess materials on the left waist belt tab of the climbing harnesses can cause them to loosen, posing a fall hazard to the user, according to Salewa North America.
Taiwanese Vendors Showcase E-bike Innovations
Stronger chains, foldable e-bikes and more powerful lights were among the products Taiwanese bicycle companies showcased on the first day of Eurobike.
Lululemon Q2 Profit Shines, But Sales Lag
The yoga lifestyle brand and retailer increased sales by 14 percent to $514.5 million, but that came in about $1 million short of Wall Street’s estimates.
Amer Sports Hits The Gas
The Finnish company will accelerate category expansion and store openings at Arc’teryx and Salomon in a bid to leverage better-than-expected organic growth.
RECALL: Sahn Classic Bicycle Helmets
The U.S. Consumer Product Safety Commission issued a recall for about 2,000 (in addition, about 1,600 were sold in Canada) Sahn Classic bicycle helmets, which are made for urban cycling and commuting.
Vista Outdoor Is Cooking Now
Company continues spree of acquisitions, adding outdoor-cooking solutions brand Camp Chef for $74 million to further diversify from its mainstay in shooting sports.
Oofos Hires Deckers Duo To Head International Sales
Oofos, a pioneer in the recovery footwear space, appointed Giles Cundell and Kelly Lopes Da Silva, to head up its International Sales Division. Both serve as Directors of UK based Sport Factory Ltd. Both also join Oofos from Deckers Brands.
Sports Authority Executives Get Their Bonus
After considerable litigation, a federal judge approved a modified bonus program that will pay top executives of the bankruptcy retailer up to $1,425,000.
Vista Outdoor Acquires Camp Chef
The Logan, Utah maker of camp stoves, barbegcue prills, pellet grills, smokers and cast iron cookware fetched $60 million in cash plus earnouts for its owners.
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