Vittoria Opens a New Cotton Bike Tire Factory in Bangkok
This €20 million investment expands Vittoria Tyres Thailand (VTT) factory premises from 36,000 square meters to 51,000 square meters in the Bangpoo industrial district, near VTT’s headquarters.
Vista’s Outdoor Products Spin-Off Will Debut as Revelyst, Inc.
The company will trade on the New York Stock Exchange under the ticker symbol “GEAR” once the separation from the Sporting Products segment is complete.
Elegant Team Development Acquired by Lever Style
Elegant Team Development, a Hong Kong-based supply chain solutions provider with expertise in outdoor and activewear, was acquired by Lever Style, the apparel production platform also headquartered in Hong Kong.
Inov-8 To Rebrand with New Name and Logo
Inov-8, founded in 2003, is marking its 20 years in the active outdoor industry, manufacturing running, hiking and gym gear, with a rebrand designed to support accelerated growth.
Sports Direct’s Parent Company Plans New HQ
Frasers Group, the U.K.-based parent of Sports Direct, submitted a planning application for a new global headquarters campus at Ansty in Rugby, Warwickshire. The company’s current headquarters are in Shirebrook, Derbyshire.
EXEC: An Inside Look at On as Company Builds a “True Sportswear Brand”
On is also looking to expand its share with core runners as part of a long-term goal to become the world’s leading running shoe but recent findings show the brand being worn by just 15 percent of runners on major running routes in Miami and only 7 percent in New York City.
Suunto Unveils Plans for U.S. Direct Distribution
Suunto has implemented a new system to directly distribute its products to U.S. retailers, one of the Finnish company’s key initiatives in expanding its business in North America.
Alterra Mountain Company Adds Three Execs to Leadership Team
Krista Sprenger is the new chief development officer, Gui Karyo chief technology officer and Andrew Bodziak was appointed executive vice president of Hospitality.
EXEC: Hydro Flask and Osprey on Divergent Paths in Fiscal Q2
Osprey reportedly surpassed expectations for the third straight quarter with help from improving travel demand, but Hydro Flask continued to be pressured by a shift in consumer preference from insulated bottles to tumblers.
Outdoor Recreation Roundtable Names VP of Programs
Outdoor Recreation Roundtable promoted Chris Perkins to vice president of programs.
EXEC: U.K. Retailers Facing Rising Retail Crime Demand Government Action
The 2023 BRC Crime Survey showed incidents of violence and abuse towards retail workers had almost doubled from pre-pandemic levels to 867 incidents every day in 2021/22. Top executives at JD Sports were signatories to the demand letter.
Report: Shot Show is Now the Third Largest Trade Show in Vegas
The show is now the eighth largest trade show in America, according to Trade Show Executive’s just-released Gold 100 rankings. The rankings were based on trade shows held throughout the U.S. in 2022 and measured by net square feet.
American Outdoor Brands Names COO
American Outdoor Brands Inc. said Brent Vulgamott, vice president of sales, operations and analytics, was promoted to chief operating officer, a newly created role. Vulgamott will continue to lead all facets of the company’s sales, operations, and analytics functions.
Hydro Flask, Osprey Parent Sees Flattish Outdoor Segment Sales In Fiscal Q2
Helen of Troy reported sales in its Home & Outdoor segment, including OXO, Hydro Flask and Osprey eased 0.2 percent in the fiscal second quarter ending August 31, to $240.0 million.
EXEC: JLL Holiday Survey Sees Experiences Weighing on Traditional Gift Spend
In the JLL 2023 Holiday Shopping Survey Report consumers are poised to increase spending on entertainment and experiences during the holiday season but at the expense of the amount they would have spent on gift giving. The survey found spending on physical goods to decline 13.8 percent.
