SGB Update Outdoor
Columbia Sportswear Raises Outlook On Strong First Quarter Profits
Columbia Sportswear Company lifted its guidance for the year after reporting a surprise profit in the second quarter ended ended June 30. The company predicted low-20 percent year-over-year net sales growth in second half 2021.
Windsong Global And Hilco Brands Acquire Earth Shoes
Windsong Global LLC and Hilco Brands, LLC announced that they had made a majority investment in Earth Shoes.
SIA Voices Support For Energy Innovation Dividend Act
Snowsports Industries America (SIA) announced their support of the Energy Innovation and Carbon Dividend Act.
OvareVentures Acquires Pulse Boot Lab And Ski Company
OvareVentures has added to its portfolio of outdoor businesses with the acquisition of Pulse Boot Lab and Ski Company based in Revelstoke, British Columbia.
Camber Names Co-CEO
The Board of Directors of Camber announced that it has named Renita E. Smith as co-CEO. She joins Emily Newman at the helm of the membership-based organization.
KBM Adds To E-Commerce Team
Kelly Brand Management (KBM) has hired Katie Vautier to its eCommerce team as account coordinator.
Emerald Holding Posts $47 Million Loss In Second Quarter
Emerald Holding, Inc. had a net loss of $46.5 million for the second quarter 2021 as it continues to be negatively impacted by event cancellations due to the COVID-19 pandemic.
Newell’s Outdoor & Recreation Segment Delivers 28 Percent Growth In Q2
Newell Brands Inc. reported its Outdoor & Recreation segment generated net sales of $453 million in the second quarter compared with $353 million in the prior year period, a gain of 28.3 percent. The improvement reflects core sales growth of 25.0 percent and the impact of favorable foreign exchange. Net sales exceeded the 2019 level.
VF Corp. Lifts Outlook On Q1 Beat
VF Corp. raised its earnings and sales guidance for its fiscal year after reporting results in the first quarter ended June 30 easily topped Wall Street targets. Overall sales in the quarter grew 96 percent in constant dollars. Among major brands, sales grew 102 percent at Vans, 83 percent at The North Face, 63 percent at Timberland and 58 percent at Dickies.
Poler Stuff Opens New Store
Poler Stuff will open the doors of its second Pacific Northwest-based flagship store on August 2.
CODI’s Q2 Revenues Gain 46 Percent
Compass Diversified (CODI) reported sales grew 46.1 percent in the second quarter ended June 30. Adjusted EBITDA nearly doubled.
Deckers Brands Blows Past Wall Street Targets
Deckers Brands reported a surprise profit in the first quarter ended June 30 as sales surged 78.2 percent. Ugg’s sales grew 70.8 percent and Hoka One One soared 95.5 percent. The company slightly raised its guidance for the year.
Outtech Partners With Ani-Logics Outdoors
Ani-Logics Outdoors, a maker of deer nutrition products, announced its partnership with Outtech to support its national sales representation partner across multiple channels.
Blenders Eyewear Expands International Push
Blenders Eyewear, part of Safilo Group, said that following the go-live of its e-commerce platform in Canada and Australia in the first quarter of 2021, it will enter the United Kingdom and Ireland, targeting Europe’s largest e-commerce audiences.
Columbia Sportswear Releases 2020 Corporate Responsibility Report
Columbia Sportswear Company released its 2020 Corporate Responsibility Report, which includes performance highlights and progress made throughout 2020 in the three main areas of focus in its corporate responsibility strategy – empowering people, sustaining places and responsible practices.
