SGB Update Outdoor

Dorel Completes Sale Of China Manufacturing Facility

Dorel Industries Inc. has completed the previously-announced sale of its juvenile products manufacturing facility in Zhongshan, China to Guangdong Roadmate Group Co., Ltd. and has received the gross sale proceeds of approximately US$51 million from Roadmate.

NSGA Sports Participation Study Offers Glimpse Of COVID-19 Impact

Early figures from the 2021 edition of the National Sporting Goods Association’s (NSGA) Sports Participation in the U.S. report provide an indication of the impact COVID-19 had on the 10 segments tracked by NSGA in 2020.  NSGA annual participation study saw five segments increase in participation, three segments decrease and two segments remain relatively flat compared to 2019.

OIA Special Report Examines New Outdoor Participant Amid Pandemic

Outdoor Industry Association (OIA) released a special report, “New Outdoor Participant  (COVID And Beyond),” exploring Americans’ spike in engagement in outdoor activities amid the COVID-19 pandemic. The report reveals that these new participants are more likely to be female, younger, living in an urban area and slightly more ethnically diverse than existing participants.

Sezzle Achieves B Corp Certification

Sezzle is the latest company serving the active lifestyle industry to have received the certification required to achieve B Corp status, joining innovative leaders worldwide to advance important environmental, social, and economic causes. 

Academy Sports Posts Record Sales And Earnings In Fourth Quarter

Academy Sports and Outdoors Inc. reported fourth-quarter earnings quadrupled as same-store sales increased 16.1 percent. The sales gains were driven by strong consumer demand across all markets and merchandise divisions, particularly Sports & Recreation. E-commerce sales grew 60.7  percent.

Gear Aid Appoints VP Finance & Administration

Gear Aid appointed Justin Mitchell as its new vice president of Finance and Administration. He comes to Gear Aid with more than 25 years of experience in finance leadership roles at Wood Stone and Alpha Technologies.

Tecnica Group Appoints New CEO And General Manager

Tecnica Group has tapped Giovanni Zoppas as its new CEO and General Manager, effective May 2021. Zoppas will take over the role held on an interim basis by the Group’s Chairman Alberto Zanatta, after its previous CEO, Antonio Dus, left in December 2020.