SGB Outdoor

Rapala VMC Corp. Increases Stake In 13 Fishing

Rapala VMC Corp. and James Coble, the majority shareholder of DQC International, which manufactures and markets 13 Fishing rods and reels, reached an agreement whereby Rapala VMC will increase its ownership of DQC International to 60 percent of the Florida-based company. At the same time, Coble will retain a 40 percent share of the company.

NRF: Back-To-School Shopping Expected to Reach Record Levels

Back-to-school spending is expected to climb 12.4 percent while back-to-college shopping will increase about 27 percent this year as both tiers reach recording spending levels, according to the annual survey released by the National Retail Federation and Prosper Insights & Analytics.

Quality Bicycle Products Cuts U.S. Work Force

In response to an over-inventoried supply chain that continues to pressure the bike industry, Quality Bicycle Products reported that it reduced its U.S. workforce by 5 percent on July 12. The workforce reduction reportedly affected multiple departments.

Western Mountain Destinations See Pick-Up in Summer Bookings

Summer is in full swing in mountain communities focused on hiking, biking, paddling and outdoor concerts, with a handful of resorts still offering limited skiing and riding. Positive economic news in June spurred an uptick in summer bookings, according to DestiMetric’s most recent monthly Market Briefing.

VanMoof Explores Sale Under Court Protection

Dutch e-bike manufacturer VanMoof reportedly applied to a local Dutch court and received an official suspension of payment provision to avoid bankruptcy proceedings while pursuing options to reduce debt, including a sale.

Amazon Sees ‘Biggest Ever’ Prime Day

U.S. online sales rose 6.1 percent to $12.7 billion during Amazon’s Prime Day two-day sales from July 11- 12, according to Adobe Analytics, which measures transactions at U.S. retail sites. Amazon called the first 24 hours of Prime Day the “single largest sales day in company history,” but did not disclose total sales.