SGB Update Outdoor
Report: Filson Reduces Factory Workers
Filson has laid off dozens of factory workers in facilities in Seattle and Kent in recent weeks but rejected speculation in the marketplace that the outerwear maker planned to end production in Washington in the summer of 2022, according to The Seattle Times.
Johnson Outdoors’ Q3 Sales Climb 54 Percent
Johnson Outdoors Inc. reported net income more than doubled in the first quarter ended July 2 on a 54 percent sales gain.
Sierra To Open First Minnesota Store Outside Twin Cities
Sierra announced plans to open its first Minnesota store outside of the Twin Cities.
Columbia Sportswear EVP Omni-Channel To Resign
Columbia Sportswear Co. announced that Franco Fogliato, executive vice president, global omni-channel, will resign from his position effective after a brief transition period ending September 3, 2021.
REI Partners With Hipcamp
REI has formed a multi-year partnership with Hipcamp, a provider of outdoor staycations, to offer its members access to tent camping sites, cabins, treehouses, RV stays, and glamping sites.
Retail Cargo Expected To Set Record In August
Imports at the nation’s largest retail container ports should hit yet another record in August as consumer demand continues to stretch supply chains and retailers shift from the back-to-school season to the peak shipping season for winter holiday merchandise, according to the monthly Global Port Tracker report released by the National Retail Federation.
Dorel Sports’ Q2 Revenues Climb 11 Percent
Dorel Industries reported its Dorel Sports segment posted its ninth consecutive quarter of revenue growth as well as another record profit.
Dorel Sports brands include Cannondale, Schwinn, GT, Mongoose, Caloi, and IronHorse.
Mike Ashley To Step Down As CEO Frasers Group
Frasers Group, the owner of Sports Direct, EMS and Bob’s Stores in the U.S., said Mike Ashley would step down as CEO next year. He will be succeeded by Michael Murray, who is head of elevation at Fraser Group.
The Conservation Alliance Adds Staff; Appoints Board Members
The Conservation Alliance has added three staff members to the organization and four members to its Board of Directors.
GoPro’s Q2 Revenues Jump 86 Percent
GoPro Inc. reported a profit against a loss in the second quarter ended June 30. Sales jumped 86 percent and GoPro subscribers were up 211 percent.
Fox Factory’s Sales Vault 79 Percent
Fox Factory Holding Corp. reported sales in the second quarter surged 79.2 percent. This increase in sales reflects a 92.4 percent increase in Powered Vehicles Group sales and a 63.9 percent increase in Specialty Sports Group sales.
USA Cycling Sees Record Growth In Cycling Participation
USA Cycling, the national governing body of cycling, reported record participation in national championship events, including mountain biking and pro road, another sign of the strength in growth of cycling participation.
Adidas North America Appoints New President
Adidas said Rupert Campbell will succeed Zion Armstrong as president Adidas North America, effective January 1, 2022.
Yeti’s Revenues Leap 45 Percent In Second Quarter
Yeti Holdings Inc. raised its outlook for the year after reporting revenues jumped 45 percent in the second quarter due to strong DTC gains. Adjusted net income increased 68 percent in the period.
Nautica Partners With MS Apparel
Nautica, owned by Authentic Brands Group (ABG), has partnered with MS Apparel to introduce Nautica Angler, a new line of fishing and outdoor apparel.
