Yeti Holdings Inc. executives laid out aggressive growth strategies and ambitious benchmarks earlier this year at the ICR Conference in Orlando, FL, and the company’s first-quarter earnings report, released Thursday morning, shows it is on the right path to achieving them.
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Garmin CEO Talks Tacx Acquisition, Strong Q1
Garmin Ltd. President and CEO Cliff Pemble spent only a little time on Wednesday’s Q1 earnings call with analysts discussing the company’s acquisition of Tacx, but he did shed some more light on how Garmin would go to market with its newly acquired Dutch business, which designs and manufactures indoor bike trainers, tools and accessories, as well as indoor training software and applications.
Unity Needed For Snow Sports Industry To Boost Participation
As this historic ski and snowboard season winds down, it’s time for the industry to gather for an après drink and find ways to reverse the trend of declining participation. SGB spoke with numerous stakeholders about how they can contribute to the cause and why building on the momentum of this epic season is so critical.
Columbia Eyes Three Key Growth Markets Following Strong Q1
After reporting record sales and an earnings beat in the first quarter, Columbia Sportswear Co. is now looking to amplify its brand presence in three key markets—New York, Denver and China—that offer additional growth opportunities for the outdoor apparel and footwear giant.
Hydro Flask Propels Helen Of Troy’s Q4 As Brand Expansion Continues
Shares of Helen of Troy Ltd. soared $24.93, or 21.6 percent, to $140.29 at market close Friday after the company earlier in the day reported sales in its housewares segment, which includes Hydro Flask, increased 7.8 percent to $126.1 million in the fourth quarter ended February 28. The company continues to have big plans for the brand.
Sneakerheads Fueling Potential $6 Billion Resale Market
Sneakerheads—consumers who covet and purchase many different sneakers and are constantly searching for the latest, limited-edition pair of kicks—should help the already lucrative sneaker resale market hit $6 billion by 2025, according to a recent study from Cowen. “Sneakers As An Alternative Asset Class” estimates that the sneaker resale market in North America is about $2 billion and rapidly growing.
Rocky Brands Inc. Ramps Up Reinvestment After Strong Q1
Marketing efforts clearly paid off for Rocky Brands Inc. in the first quarter, with the company reporting a 9.1 percent earnings increase on a 7.4 percent revenue gain, both of which beat Wall Street’s estimates. Now the company plans to double down on that strategy by reinvesting some of the profits from last quarter into a revamped and rejuvenated marketing strategy aimed at taking more share across end markets.
Conversation With Klean Kanteen CEO Jim Osgood
“That balance of people/planet/profit defines success for us,” said Jim Osgood, CEO, Klean Kanteen, who checked in with SGB Executive about what’s been happening at the company. Among other topics, Osgood spoke about the impact of last November’s Camp Fire, why doing good is good business, the ongoing tariff war and how Klean measures success.
Nike Inc. Creating Separation In Athletic Apparel
Nike Inc.’s athletic apparel offering is gaining mindshare among consumers in four categories—innovation, fashion, style and value—mostly at the expense of Under Armour, according to a recent survey from Canaccord Genuity Capital Markets.
Conversation With Dakine VP Of Sales Chico Bukovansky
“Right now, it’s a fun ride,” said Chico Bukovansky, Dakine Equipment’s VP of sales, who spoke with SGB in a wide-ranging conversation about the Hood River, OR-based outdoor brand’s latest ownership change and what’s driving growth at the company these days. Here’s what he told us.
Report: Influencer Marketing In Sports Slowly Gaining Traction
Sports entertainment companies aren’t adopting influencer marketing programs as quickly as other industries, yet most believe an influencer program is “a necessity for brand success in today’s digital world,” according to The State of Influencer Marketing in Sports Entertainment, a white paper published by Cascade Influencers.
REI Co-Op Leveraging Record Sales Year In Pledge To ‘Do More’
For all the tumult REI Co-op faced earlier in 2019 due to the sudden resignation of CEO Jerry Stritzke, the company is clearly on solid ground after reporting that 2018 was its strongest sales year ever. Bolstered by record revenue and a firm understanding of changing customer demands, REI has big plans in 2019 as it recommits to the outdoors, reinforces its omnichannel strategy, and ramps up its rental and used gear programs.
How Will Another C-Level Departure Impact Hibbett?
Hibbett Sports Inc.’s board of directors will need to form yet another search committee after the company announced Friday morning that Scott Bowman is resigning as CFO—the retailer’s second C-level departure in the last two weeks. On March 22, CEO Jeff Rosenthal announced he is retiring this year, so what impact, if any, will these exits have on the retailer?
Behind The Deal: Volcom Gets Fresh Start With ABG
Volcom CEO Todd Hymel takes SGB behind the deal of the company’s sale to Authentic Brands Group, including why the name of Volcom’s new operating entity, Liberated Brands, was not about breaking free from its former parent but rather an homage to the brand’s surf, skate and snow roots. Here’s what he said about that and more.
Conversation With Justin Gardner, BLDG Active CEO & Co-Founder
Justin Gardner, CEO and co-founder of skin repair company BLDG Active, spoke with SGB about the company’s rapid growth in its first two years, why it’s focused on the outdoor space, a new line that’s coming out May 1 and what else is on tap for the brand.
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