Mountain Hardwear Names Director Of Marketing
Mountain Hardwear named Matt Burbach director of marketing. Most recently, Burbach served as the director of marketing content & creative for the brand.
Western Mountain Destinations With Strong Bookings And Rates
With just weeks to go in the six months of the winter ski season, western mountain resorts have been capitalizing on incremental fill in the final two months of the season to boost occupancy and revenue that brought some much-needed recovery to participating resorts in 18 mountain destinations spread across eight western state, according to the most recent Mountain Market Briefing distributed by DestiMetrics.
Escalade’s Sales Climb 59 Percent In First Quarter
Escalade Inc. posted quarterly revenue of $59.2 million in the first quarter ended March 20, an increase of 58.7 percent over the prior year, and a record for its first fiscal quarter, representing its fifth consecutive quarter of record sales.
GOA Members See Robust Recovery
Grassroots Outdoor Alliance (GOA) reported robust year-to-year retail sales gains in its March membership update last week. The group is up 8 percent on a rolling 12-month basis, with Q1 2021 reported figures showing a 34 percent increase over Q1 2020, according to the group.
L Catterton To Acquire West Marine
L Catterton, the private equity firm, announced that it has entered into a definitive agreement under which L Catterton will acquire a controlling interest in West Marine, the nation’s leading retailer in the marine aftermarket, from Monomoy Capital Partners.
REI’s Sales Slide 12 Percent In 2020
REI Co-op reported sales fell 11.9 percent in 2020 as the Co-Op managed through the challenges presented by the pandemic. REI also reported no profits in 2020 but ended the year in a strong cash position and debt-free, after investing millions in its impact work to combat climate change, address racial equity and support its network of nonprofit partners. REI also launched its Cooperative Action initiative.
Southeast Destination Lodging Running Well Above Pre-Pandemic Levels
After achieving record-setting seasonal rates and revenue for the winter season that ended in February, the most recent results released by DestiMetrics, a division of Inntopia in their monthly Market Briefing, revealed that those upward trends are continuing to surpass results from both last year and the previous year at participating resort properties in Florida, Georgia and South Carolina.
Academy Sports + Outdoors Acquires Redfield Brand From Leupold
Leupold & Stevens, Inc. announced the sale of the Redfield hunting scope brand to Academy Sports + Outdoors.
RECALL: PIEPS DSP Avalanche Transceivers
Black Diamond has recalled about 66,100 PIEPS DSP Avalanche Transceivers. The company has received 65 reports of the transceiver modes switching unexpectedly while in use. One death and one instance of a skier getting caught in an avalanche who suffered a broken arm and minor injuries were both reported in British Columbia.
Vail Resorts Announces Executive Leadership Changes
Vail Resorts, Inc. announced that Patricia Campbell, president of the company’s mountain division, has made the decision to step down from her position and assume a new role as senior advisor to the company’s mountain division.
Alterra Mountain Company Announces $207 Million In Improvements
Alterra Mountain Company announces its plans to invest $207 million in capital improvements for the upcoming year, including transformational base area and on-mountain developments at Steamboat, Deer Valley Resort, Squaw Valley Alpine Meadows and Mammoth Mountain.
EcoCart Raises $3M In Funding
EcoCart, a climate and sustainability-focused e-commerce enablement startup, announced that it had closed $3 million in seed funding led by Base10 Partners’ Chris Zeoli.
Patagonia Will No Longer Add Corporate/Brand Logos
Patagonia announced that it is “transitioning away” from adding corporate logos to its products due to environmental reasons.
Costco’s Same-Store Sales Climb 16 Percent In May
Costco Wholesale Corp. reported net sales of $18.21 billion for the retail month of March, the five weeks ended April 4, 2021, an increase of 17.6 percent from $15.49 billion last year.
Frasers Group Warns Of £200 Million Pandemic Charge
Frasers Group, the parent of Sports Direct in the U.K. as well as Bob’s Stores and EMS in the U.S., will book a non-cash charge that could exceed £200 million ($274 million) in its 2020-21 results to account for impairment of assets during the latest COVID-19 lockdown.
