Body Glove released its 2022 Performer 11 Inflatable Paddle Board with an enhanced design that features greater stability, convenient carry and lightweight durability. Body Glove first introduced the ISUP in 2016, featuring a touring design for all paddle levels. “We’re thrilled to continue innovating our best-selling Performer 11 to make paddlesports easier, more inclusive and […]
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Wall Street Reacts: Peloton’s Q222, CEO Change, Restructuring
Analysts were generally optimistic that Peloton’s move to bring in subscription industry veteran, Barry McCarthy, as CEO could help right-size its business to drive sustainable growth. Peloton is still seen facing hurdles reigniting growth while winding down its bloated overhead structure to better match demand.
Thule’s Q4 Profits Hit By Rising Material And Freight Costs
Thule Inc. reported sales in the fourth quarter rose 15.0 percent, but operating profits declined 21.2 percent due to rising raw material and supply chain costs. Earnings grew in the year as sales jumped 33 percent.
Congested U.S. Ports Should See Slight Reprieve In First Half Of 2022
Imports at the nation’s congested container ports are expected to grow modestly during the first half of 2022, but continued high volume will keep up the pressure that built as the economy bounced back from the pandemic last year, according to the monthly Global Port Tracker report released by the National Retail Federation.
Enviolo Acquired By PE Firm
London-based private equity group Inflexion has signed a definitive agreement to acquire Enviolo Inc., the maker of stepless gear drivetrain components used primarily on e-bikes.
Inside The Call: Delta Apparel Posts All-Time Sales Record For December Quarter
Fueled by double-digit growth in its Salt Life Group and Delta Group segments, Delta Apparel, Inc. notched a first-quarter sales record as net profits more than tripled.
Shimano’s Sales Climb 45 Percent In 2021
Shimano Inc. reported sales in 2021 increased 44.6 percent from the previous year with operating income climbing 79 percent.
Mizuno Posts Record Profits In Nine Months
Mizuno Corp. said its operating profits reached their highest levels in the nine months through December 31 since quarterly disclosure started in FY08. Sales rose 17.0 percent in the period, led by the Americas and EMEA.
Inside The Call: Peloton’s John Foley Discusses “Missteps’ As Massive Restructuring Unveiled
On his last quarterly call as CEO, Peloton’s John Foley admitted to “missteps” as the connected-fitness leader attempted the scale the business during the pandemic. His comments came after Peloton on Tuesday morning announced a CEO change, significant job cuts as part of a restructuring and slashed its revenue outlook for its current year.
ABUS Appoints VP Of Sales And Marketing
ABUS Mobile Security, a provider of bicycle locks, helmets and bags, hired Brian Orloff as vice president of sales and marketing.
Nordica Unleashes The Unleashed Collection
Nordica announced the release of its Unleashed collection for the 2022/23 season. The five-model collection is designed for the “modern freeskier” who spends days “off-trail in the woods, chasing pow and getting creative.” “Skis in the Unleashed collection have the perfect marriage between playfulness and the Nordica performance,” said Nordica North America’s Director of Marketing […]
Nordica Unleashes The Unleashed Collection
Nordica announced the release of its Unleashed collection for the 2022/23 season. The five-model collection is designed for the “modern freeskier” who spends days “off-trail in the woods, chasing pow and getting creative.” “Skis in the Unleashed collection have the perfect marriage between playfulness and the Nordica performance,” said Nordica North America’s Director of Marketing […]
Gore-Tex Launches Outerwear On Demand
Gore-Tex has launched a performance apparel rental program. The company’s Outerwear on Demand service offers customers in North America a rental option for its snowsports apparel at 15 resorts and retail locations.
Chamois Butt’r Expands Management Team
Chamois Butt’r announced it is growing its Kansas City office with Aaron Apel, who joins its operations team reporting directly to company COO Curt Shelman.
Cotopaxi Announces Do Good Ambassadors
Cotopaxi, a certified B Corp., announced its Do Good Ambassadors—a group of mentors, humanitarians, environmentalists, creators, and community leaders. “These ambassadors are an extension of Cotopaxi’s brand and mission to harness the power of adventure to make the world a better place,” said Cotopaxi. (Ambassador bios were provided by Cotopaxi in a release.) “Surfer, veteran, […]
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