CODI Sees 2017 Gains for 5.11, Crosman; Liberty Safe Declines
Compass Diversified Holdings (CODI) reported revenues at 5.11 Tactical grew 5 percent and Crosman added 1.1 percent in 2017 while sales at Liberty Safe were down 11.4 percent.
USFIA Statement On Tariff Increases On Steel and Aluminum
The United States Fashion Industry Association in a statement said it expects “widespread net job loss in the United States” as a result of the Trump administration’s move to raise tariffs on steel and aluminum imports.
UGG Celebrates International Women’s Day With HERproject
In celebration of International Women’s Day, UGG is launching a multi-channel campaign and donation to support HERproject, an organization striving to empower low-income women working in global supply chains.
OIA Responds To New Tariffs On Steel, Aluminum Imports
In an e-mail to members, Rich Harper, manager of international trade for the Outdoor Industry Association (OIA), wrote that the Trump administrations move to raise tariffs on steel and aluminum imports “would lead to higher costs for outdoor products produced domestically that utilize steel and aluminum imports, like camping stoves, tent poles and skis and snowboards.”
Under Armour’s Sports Sponsorship Commitments Retreat In 2017
According to Under Armour’s just-filed 10K report, future sports marketing commitments fell 13.6 percent at the close of the year, reflecting the company’s overall efforts to reduce its cost structure.
Celebrity Athletes Take The Stage On Capitol Hill To Promote Active Lifestyles
The 19th annual National Health Through Fitness Day on March 7 featured Herschel Walker, Pat LaFontaine and other elite athletes encouraging Congress to pass the bipartisan HSA reform, which includes the PHIT Act.
Poll: Dick’s Favorability Rating Remain “Fairly Stable” Following Gun Sale Policy Change
According to analysis from Morning Consult Brand Intelligence, Dick’s Sporting Good’s overall net favorability has remained fairly stable since its announcement on February 28 that it would tighten restrictions on gun sales.
NRI Opens Eastern Canada Location
NRI Distribution announced its commitment to open a Montreal facility in May of this year to mark its expansion into Eastern Canada.
New Balance Supports Sports Leadership Program At UMass Boston
The University of Massachusetts Boston will be launching a new Sport Leadership program with the help of a $5 million gift from New Balance and its chairman, Jim Davis, representing the largest gift in UMass Boston history.
Vail Resorts Sees Q2 Revenues Climb 1.2 Percent
Vail Resorts Inc. was able to deliver earnings and sales that were basically flat with year-ago levels despite historically low snowfall across the western U.S. this winter.
CODI Prices $100 Million Share Offering
Compass Diversified Holdings (CODI), owner of 5.11, Crosman, Liberty Safe and a number of other middle market businesses, priced a $100 million public offering of 4 million of its 7.875 percent series B fixed-to-floating rate cumulative preferred shares.
Stefan Jentzsch Resigns As Member Of Adidas Supervisory Board
Dr. Stefan Jentzsch, member of the Supervisory Board of Adidas AG, announced his resignation from office as of the conclusion of the company’s Annual General Meeting on May 9, 2018.
Acushnet Q4 Aided By U.S. Golf Industry Stabilization
Said David Maher, Acushnet’s president and CEO, “We like our position in the U.S. market heading into 2018 and are optimistic that the U.S. retail channel is in the best shape it has been in for some time.”
Gear Coop Appoints Craig Levra President
Gear Coop appointed Craig Levra, former CEO of Sport Chalet, as president. Levra will partner with Gear Coop founder and CEO Terry Lee to drive its next leg of growth.
Physical Activity Study Shows 28 Percent of Americans Inactive
For more than five years, over a quarter of the U.S. population has indicated they were inactive. However, the 2018 Physical Activity Council Participation Report also indicates a moderate rise in participation for many sports and activities, including fitness sports, outdoor sports and winter sports.
