SGB Update Outdoor
Crocs’ Q4 Revenues Jump 57 Percent
Crocs Inc. reported a significant hike in earnings in the fourth quarter as sales jumped 56.5 percent. The footwear manufacturer also forecasted first-quarter growth in the range of 40 percent to 50 percent.
Bass Pro Plans Senior Secured Term Loan Transaction
Bass Pro Group is proposing to offer a $4.1 billion senior secured term loan due 2028. The retailer intends to refinance its existing term loan facility in a one-for-one transaction to extend the maturity of the facility and to lower overall interest costs.
Wintersteiger Partners With Head USA, Creates Working Showroom In Colorado
Wintersteiger NA announced its new North American partnership with Head USA. The collaboration, which is an extension of Wintersteiger’s partnership with Head Europe, has resulted in the opening of a new demo center and showroom at the Head USA headquarters in Boulder, CO.
NPD: U.S. Consumers Continue To Spend On Their Stay-At-Home Lifestyle In 2021
Aided by the economic stimulus payments and with the pandemic still in full swing, consumers continued to spend on categories that make their life at home more comfortable in the first six weeks of 2021, reports The NPD Group.
Escalade’s CEO, Scott Sincerbeaux, Exits
Escalade Inc. said Scott Sincerbeaux has resigned from all of his positions with Escalade, including CEO, president and director. Walter Glazer has been appointed as Escalade’s interim chief executive officer and president.
RYU Apparel Partners With Mexican Distributor
RYU Apparel Inc. has partnered with Mexico City-based fashion, athletic apparel and cosmetic distributor Grupo Pavel to sell RYU Apparel in Mexico.
Adidas Intends To Resume Dividend Payments
Adidas AG said its executive board has decided to resume the company’s dividend payments.
Crocs Wins Patent Appeal In Federal Circuit
The Federal Circuit ruled in favor of Crocs in deciding not to revive U.S.A. Dawgs’ intellectual property dispute against Crocs.
Camping World Acquires Lee’s Family Trailer In Maine
Camping World Holdings Inc. plans to acquire Lee’s Family Trailer in Windham, ME. The acquisition is anticipated to close in April 2021 and will be the company’s first location in Maine.
REI To Open Store In Santa Cruz This Fall
REI Co-op will open a new store in Santa Cruz, CA in fall 2021. With over 1.4 million lifetime REI members in Northern California, REI Santa Cruz will be the Co-op’s 15th location in the region.
Moncler Sees Sales Recover In Back Half
Moncler reported sales were down 12 percent in 2020, but it saw a significant recovery in the second half of the year.
Adidas Bans Fur, Joins Fur Free Retailer Program
Adidas has banned the use of animal fur in its products and joined the Fur Free Retailer (FFR) program.
Major League Fishing Announces Champions Club Membership Program
As part of several new membership program offerings from Major League Fishing (MLF) in 2021, MLF recently announced its Champions Club, a fishing subscription service for anglers to take their skills to the next level with content and products from the sport’s top pros and brands.
Vista Outdoor’s Debt Ratings Upgraded
Moody’s Investors Service, upgraded Vista Outdoor Inc.’s new senior unsecured eight-year notes’ rating to B2 from B3.
Pelican Products Hires VP Of Worldwide Supply Chain
Pelican Products Inc. announced the addition of Jeffrey Goldberg to its global operations team as vice president of worldwide supply chain.
