SGB Update Outdoor
Wolverine Trims Full-Year Earnings Outlook On Supply Chain Woes
Wolverine World Wide, Inc. reported strong sales and underlying earnings gains for the third quarter ended October 2, 2021, but slightly reduced its earnings guidance to reflect recent supply chain challenges.
Newell Brands Debt Ratings Outlook Upgraded
Moody’s Investors Service revised its debt rating outlook on Newell Brands Inc. to positive from stable due to the company’s increased priority on prioritizing reducing leverage.
Canada Goose Achieves Responsible Down Certification
Canada Goose announced that it has achieved certification under the Responsible Down Standard (RDS*). With this accreditation, the brand joins other Responsible Down Certified global manufacturers who embrace sustainability and animal welfare.
Jack Wolfskin Appoints GM Commercial Europe
Jack Wolfskin Europe has appointed Natascha El Mahmoud, most recently as VP sales, as general manager, commercial, Europe as part of its new commercial management structure.
MacNeill Pride Group Acquires Rightline Gear
MacNeill Pride Group (MPG), designer and manufacturer of outdoor products and sporting goods, announced it had acquired Rightline Gear, an Asheville, NC-based outdoor and automotive gear designer. The terms of the transaction were not disclosed.
Clarus Sees Q3 Sales Surge 69 Percent
Clarus Corp reported earnings on an adjusted basis surged 97 percent in the third quarter as sales grew 69 percent in the third quarter. Black Diamond sales were up 20 percent and Sierra sales were up 100 percent, or 13 percent excluding Barnes.
Backcountry Hires Chief Product Officer
Backcountry announced it had hired Colby Black as chief product officer, effective immediately.
BMC USA Appoints Marketing Manager
BMC USA announced it has hired Joan Hanscom as marketing manager.
Arc’teryx Opens First Store In NYC With Rebird Service Center
Arc’teryx opened its first NYC retail store with ReBird Service Center at 547 Broadway on November 6, 2021, with over 8,000 square feet.
Fox Factory Sees Sales Jump 33 Percent In Third Quarter
Fox Factory Holding Corp. reported sales in the third quarter rose 33.3 percent. The increase reflects a 48.1 percent increase in Specialty Sports Group sales and a 22.8 percent increase in Powered Vehicles Group sales.
Canada Goose Posts Surprise Profit, Lifts Fiscal 2022 Outlook
Canada Goose Holdings Inc. reported a profit in the second quarter ended September 26, beating Wall Street’s targets that had been calling for a loss. Total revenue increased by 19.6 percent and 40.3 percent excluding year-ago PPE sales.
Dorel Sports Sees Flattish Q3 Sales Due To Supply Chain Disruptions
Dorel Industries reported that third-quarter revenue at its Dorel Sports segment was US$303.6 million, a slight decrease of US$2.0 million, or 0.6 percent from last year.
REI Sets Opening Date For First Store In Maine
REI Co-op is opening its first store in Maine on November 12. The store is located in the Rock Row Development in Westbrook and covers 24,000 square feet of space.
Deckers Sets Targets To Reduce Its Emissions
Deckers Brands announced it has set science-based targets to reduce its emissions and also released its Fiscal Year 2021 corporate responsibility and sustainability report, “Creating Change.”
Guidefitter Hires Vice President Of Marketing
Guidefitter, based in Bozeman, MT, has hired Beth Brennan as vice president of marketing. Brennan was formerly chief marketing officer for Go Fast Campers.
