Clarus Corp. To Expand In Utah
The Governor’s Office of Economic Development (GOED) in Utah announced Clarus Corporation, parent company of Black Diamond Equipment, will expand in Utah over the next eight years, adding up to 147 high-paying jobs, $8.9 million in new state revenue and $40 million in capital investment.
Academy Sports To Open New Store In Columbus
Academy, Ltd. (d/b/a Academy Sports + Outdoors), announced that it will open a new store in Columbus, GA, next month.
Adidas Gets Caught In Rockport Bankruptcy
The Rockport Group filed for bankruptcy and cited a complex and expensive two-year transition process separating from the company’s former parent, Adidas, as one of the reasons for the filing. Court filings also show Adidas holds unsecured claims amounting to more than $70 million.
Whack-A-Mole: Inside The Fight Against Knockoffs, Counterfeits & Fake Sites
SGB goes inside the fight against counterfeits, knockoffs and fraudulent websites by looking at how two companies—Nite Ize and Scott Sports—are combatting the problem, as well as outlining steps a business can take to mitigate risk.
Behind The Deal: Canadian Tire Goes Global With Helly Hansen
Canadian Tire Corp.’s acquisition of iconic outdoor brand Helly Hansen from Ontario Teachers’ Pension Plan for US$771 million fulfills two goals for the diversified company—bolster the company’s core business and extend the company’s reach across the globe.
Aisle Talk Week Of May 7
Top headlines from the active lifestyle industry you may have missed this week, including Herschel Walker (pictured) being appointed to President Trump’s Council on Sports, Fitness and Nutrition.
Bass Pro Shops & Cabela’s To Add Sunglass Hut Shop-In-Shops Across U.S.
Bass Pro Shops and Cabela’s together with Luxottica Group on Friday announced plans to roll out Sunglass Hut retail shop-in-shop concepts in approximately 160 locations across the U.S.
Columbia Sportswear Appoints VP Of Global Merchandising
Columbia Sportswear announced the appointment of Michael Richardson to serve as vice president of global merchandising for the Columbia brand.
SGB Executive Q&A: Helly Hansen CEO Discusses Sale To Canadian Tire
Helly Hansen is being sold to Canadian Tire Corp. for about $771 million in a deal announced early Thursday, but don’t look for sweeping changes at the iconic Norwegian outdoor brand. Helly Hansen CEO Paul Stoneham (pictured, pointing) spoke with SGB about what’s in store for the company moving forward.
Outdoor Retailer To Host “Urban Adventures” In Downtown Denver
Outdoor Retailer announced the show’s popular demo experience, this year called “Urban Adventures,” will make its Denver debut downtown at Confluence and Commons Parks, on Sunday, July 22.
Peak Resorts Announces Strong Pre-Season 2018/19 Season Pass Sales
Consolidated season pass sales through April 30, 2018 increased 14 percent on a unit basis and 16 percent on a dollar basis, compared to the prior year, driven by continued broad interest in the Peak Pass among Northeast skiers and riders.
H2O Performance Paddles Hires U.S. Account Manager
Rob Yager will be H2O’s full time U.S. account manager responsible for developing H2O’s U.S. retail network.
La Sportiva Grows Sales Team In Southwest With Caraway & Co.
La Sportiva announced the hiring of Caraway & Co as the brand’s sales representatives in the Southwestern U.S.
Canadian Tire Sees Earnings Dip In Q1 But Sales Improve
Canadian Tire Corporation, Limited reported earnings dipped in the first quarter due to accelerated depreciation expense but consolidated same-store sales grew 5.2 percent in the quarter and retail gross margins improved. FGL’s same store sales increased 3.9 percent.
Canadian Tire Agrees To Acquire Helly Hansen
Canadian Tire Corporation Ltd (CTC). entered into an agreement to purchase Helly Hansen, the maker of sportswear and workwear based in Oslo, Norway. The purchase price was Canadian $985 million (U.S. $771 mm).
