SGB Update Outdoor
Decathlon’s Debt Ratings Affirmed On Strong 2020 Operating Performance
S&P Global Ratings affirmed its ‘A-2’ short-term issuer credit rating on Decathlon SA as the France-based sporting goods retailer’s operating performance for 2020 was stronger than S&P expected, thanks to strong cost management and cash preservation measures.
Primary Arms Expands Facilities, Appoints Chief Merchant
Primary Arms said it is expanding by adding new facilities following a year of record growth and also appointing a new chief merchandising officer.
Shimano Sees 65 Percent Revenue Gain In First Half
Shimano reported net income grew 79.5 percent in the first half of 2021 as sales ran up 65.2 percent. Bicycle Components sales grew 73.4 percent while fishing tackle sales gained 38.4 percent. The Japanese-based company raised its guidance for the year.
Colorado Yurt Company Breaks Ground On New Headquarters
Colorado Yurt Company celebrated the official groundbreaking at its new company headquarters in Colorado Outdoors with employees and their families, local and state officials and dignitaries, Colorado Outdoors neighbors and company founders Dan and Emma Kigar. The future home of the company will include 30,000 square feet of space, including a manufacturing floor, offices and […]
Selk’bag Hires Brand Manager
Selk’bag announced it has hired Alexandra De la Torre as brand manager focused on marketing and e-commerce.
Rumpl Appoints VP Of Operations And National Sales Manager
Rumpl announced the hiring of Rocco Villano as vice president of operations and Nate Clark as national sales manager. Rumpl also welcomed Sarah Crockett as the newest board member.
Sun & Ski Sports To Open In Former Modell’s Location In Maryland
Sun & Ski Sports plans to open its 31st store in a former Modell’s location at Arundel Mills Mall in Hanover, MD.
Cascade Bicycle Club Appoints New Executive Director
Cascade Bicycle Club and its sister organization Washington Bikes have named Lee Lambert as executive director.
Velocity Indoor Cycling App Secures $3.4 Million In Seed Funding
Vision Quest Velocity LLC, an early-stage virtual cycling start-up, announced it has raised $3.4 million in seed round funding. The investment round was led by strategic financial partners.
KOA July Report Finds Number Of Campers Continues To Climb
The KOA Monthly Research Report for July continues to forecast that more North American households plan to camp this year and projects that 53.5 million households will camp in 2021.
Turtle Fur Up For Sale
Turtle Fur has hired Vermont-based Venture 7 Advisors to help find a “philosophically aligned” buyer for the company.
Peloton Plans To Launch First In-App Video Game
Peloton said it is developing a rhythm-based video game, called “Lanebreak,” for its Bike and Bike+ models.
PeopleForBikes Applauds Senate E-Bike Act
PeopleForBikes applauded the introduction of legislation in the U.S. Senate t,o offer an E-bike tax credit. The Electric Bicycle Incentive Kickstart for the Environment (E-BIKE) Act (S. 2420) led by Senators Brian Schatz (D-HI) and Ed Markey (D-MA), would prioritize electric bicycles as a zero-emission mode of transportation by making them more affordable and accessible for all.
NICA Appoints Director Of Brand And Marketing And Field Operations Manager
The National Interscholastic Cycling Association (NICA) appointed Xavier Melendez as its new director of brand and marketing and Chris Mileski as the organization’s Field Operations Manager.
Powdr’s Debt Ratings Outlook Upgraded
Moody’s Investors Service revised its debt outlook on Powdr to stable from negativedue to Moody’s expectations that the resort operator’s earnings will recover.
