SGB Update Outdoor
Academy Sports’ Debt Ratings Upgraded
S&P Global Ratings upgraded its debt ratings on Academy Sports + Outdoors, Inc. as the sporting goods chain “continues to post strong gains in sales and EBITDA resulting in better leverage.”
Amer Sports’ Debt Upgraded On Faster-Than-Expected Deleveraging
S&P Global Ratings raised its debt ratings on Amer Sports on its expectations that the sporting goods giant would report a “resilient” operating performance in 2021 with estimated €2.5 billion revenue, up 7 percent to 8 percent above pre-pandemic levels.
Recall: Petzl Lanyards With Carabiners
About 230 Scorpio Eashook lanyards with carabiners from Petzl are being recalled.
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.
Kinsey’s Appoints Director Of Dealer Sales
Kinsey’s recently hired Phillip Dixon as its new director of dealer sales. With the current growth in archery and recent expansion into Federal Firearms License (FFL) distribution, the appointment will help support Kinsey’s growing customer base.
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.
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.
Orvis Appoints Chief Brand Experience Officer
Orvis appointed former Athleta CMO Sheila Shekar Pollak to the newly created role of chief brand experience officer.
K2-MDV Holdings To Become “Elevate Outdoor Collective”
K2-MDV Holdings announced effective immediately Elevate Outdoor Collective is the new name for the parent company of all K2 Sports and MDV brands, including K2 Skis, K2 Snowboarding, Marker, Dalbello, Völkl, RIDE Snowboards, LINE Skis, Backcountry Access, Atlas Snow Shoe Co., Tubbs Snowshoes, Madshus and K2 Skates.
Krimson Klover Promotes Dumont To VP Sales
Krimson Klover announced it promoted Victoire Dumont to the newly created vice president of sales position.
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.
Jack Wolfskin Appoints General Manager, China
Jack Wolfskin has appointed Matthew Jung as general manager, China, effective February 9, 2022.
Blue Water Acquires Yogi Bear’s Jellystone Park In Kentucky
Blue Water, a Maryland-based company, specializing in the development and management of campgrounds, hotels, and attractions, announced it had acquired Yogi Bear’s Jellystone Park at Mammoth Cave in Kentucky to continue its partnership with the Jellystone Park brand.
