SGB Update Outdoor
On Q3 Revenues Surge 68 Percent In Third Quarter
On Holding AG, in its first report since going public, reported sales grew 68 percent in the third quarter as sales continued to accelerate in all channels, regions and product categories. Adjusted EBITDA ran up 67.9 percent and the gross margin reached 60.2 percent, up from 54.5 percent a year ago.
Yue Yuen Sales In October Slump On Factory Shutdowns
Yue Yuen’s consolidated operating revenue in October fell 21.2 percent to $615.2 million from $781.0 million. The decline reflects the pandemic-related factory shutdowns in Vietnam.
ISPO Munich And OutDoor By ISPO Permanently Shift To New Dates
Together with sports and outdoor brands, retailers and industry associations, Messe München made two major changes effective immediately—ISPO Munich will be held permanently at the end of November, thus leaving the previous January date, and OutDoor by ISPO is moving permanently from the end of June to the end of May/beginning of June.
Sea To Summit Announces Key Hires To North American Sales Team
Sea to Summit, the global adventure equipment brand headquartered in Western Australia, announced it added three employees to its North American sales team—Bill Chandler, Jaime Buyagawan and Maggie Doran.
NPD Launches Chinese Sports Footwear E-Commerce Tracking Service
The NPD Group announced the launch of its Chinese Sports Footwear E-Commerce Tracking Service, covering the sales of international and domestic sports brands in China’s e-commerce channels.
Compass Diversified Prices Proposed Private Offering
Compass Diversified (CODI) announced that the company has priced $300 million in aggregate principal amount of 5.000 percent senior unsecured notes due 2032 at an issue price of 100 percent in a previously announced private offering.
Leatt Corp Announces Record Breaking Results For Third Quarter
Leatt Corp., the maker of protective equipment and ancillary products for extreme motor sports, reported third quarter revenues of $22.1 million, up 94 percent, compared to the 2020 third quarter.
Gregory And High Sierra Show Gains For Samsonite
Samsonite International S.A.reported sales on a currency-neutral basis for the Gregory brand increased 5.2 percent in the third quarter while sales of the High Sierra brand jumped 87.1 percent.
Canada’s Kanuk To Open Its First U.S. Store
Kanuk will open its first U.S. store in New York City’s SoHo neighborhood. The store will be the Montréal-based, outerwear brand’s first retail store outside of its Quebec hometown.
Western Mountain Destinations Finish Record-Breaking Summer
As predicted for the past few months, Western mountain destinations across eight Western states, combined, had their best aggregated summer business on record for occupancy, daily rates and revenue, according to DestiMetrics, the business intelligence division of Inntopia.
Amundsen Sports Opens Store In Boulder
Amundsen Sports has opened a “Clubhouse” on Pearl Street in Boulder, CO. The location serves as office space for its North American business operations, a showroom for retailers and an event space to showcase product.
Yue Yuen’s Q3 Sales Impacted By Vietnam Factory Shutdowns
Yue Yuen reported a profit against a loss in the nine months ended September 30, 2021. Sales jumped 5.8 percent as a first-half recovery largely offset by the disruption to its manufacturing operations in Vietnam and weak retail sales in the third quarter.
SportChek’s Q3 Comps Expand 11 Percent
Canadian Tire Corporation, Ltd. reported comparable-store sales at SportChek were up 11.2 percent in the third quarter, led by growth in athletic apparel, footwear, hockey, and team sports.
Fenix Outdoor Sells Brunton
Fenix Outdoor announced that it has sold its Brunton business to two yet undisclosed employees of Brunton Outdoor, Inc. in the U.S.
Sportfishing Industry Association Appoints VP Of Communications
The American Sportfishing Association (ASA) announced that Mary Beth Long has joined the ASA staff as vice president of Communications.
