SGB Update Outdoor
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Camping World Agrees To Acquire Outlet Recreation
Camping World Holdings Inc. announced an agreement to acquire the Outlet Recreation dealership based in the Fargo market. This acquisition marks the company’s first location in North Dakota, with plans for the deal to close in December 2020.
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Crosson Ski Appoints Chief Innovation Officer
Crosson Ski said Bode Miller, the five-time Olympic medalist, has teamed with aerospace engineer, Chase Englehart, to serve as its chief innovation officer. The pair will debut Crosson’s expanded line of skis later this month, including a series built with carbon fiber and centered around traditional ski manufacturing.
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Dorel Agrees To Going-Private Transaction
Dorel Industries Inc. announced that based on the recommendation of an independent committee of Dorel’s Board of Directors, Dorel has entered into a definitive Arrangement to be acquired by Cerberus Capital Management, L.P. for C$14.50 per share.
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Emerald Appoints President And CEO
Emerald Holding Inc. announced that the company’s Board of Directors has appointed Hervé Sedky to the position of president and chief executive officer. He was most recently president of Reed Exhibitions Americas.
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Gregory’s Q3 Revenues Slide 13 Percent, High Sierra’s Tumble
Samsonite International S.A. reported sales on a currency-neutral basis were down 13 percent for its Gregory brand and off 70.2 percent at High Sierra.
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Camping World To Acquire Noble RV In Minnesota
Camping World Holdings Inc. announced that an agreement has been signed to acquire the four existing dealership locations of Noble RV, in Owatonna, Madelia, Oronoco (Rochester area) and Jordan (Minneapolis area), Minnesota, with plans for the acquisition to close in December 2020.
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Hibbett Sports Announces New Merchandising Leadership Team
Hibbett Sports announced a new structural alignment for its merchandising leadership team which will allow the retailer to focus more on consumers with a “toe-to-head” connective approach across its product categories including Mens, Womens and Kids. The new Hibbett/City Gear structure will be organized by gender.
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Study Report: Snowsports Winter Participation Shows Modest Gain Last Year
Snowsports Industries America (SIA), in participation with the Physical Activity Council (PAC), released its annual participation study showing winter sports participation overall by 1.9 percent for the 2019/20 season.
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Arbor Collective Opens Flagship Store
The Arbor Collective announced the opening of its newest flagship store in San Diego, CA. The Pacific Beach shop joins Arbor’s retail operation in Venice Beach, CA as well as the Arbor Tahoe located in Truckee, CA. The store opening comes as the brand approaches its 25the anniversary.
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Leatt Corp’s Q3 Revenues Climb 18 Percent
Leatt Corporation reported global revenues increased by 18 percent, to $11.4 million compared to the 2019 third quarter. Higher sales of body armor and other products, parts and accessories offset a decrease in helmet and neck brace sales.
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ECCO Names Global Head Of Specialty Sales
ECCO announced that it has appointed Erik Walcott as global head of specialty sales overseeing its Outdoor division, effective immediately.
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Accell Group Lifts Guidance On Sales Momentum
Accell Group N.V. announced that net sales continued to be very strong from July to October, coming in at a 38 percent gain versus the same period last year and bringing year-to-date net sales growth to 16 percent. Consequently, Accell revised its guidance upwards and now expects EBIT for 2020 to exceed prior-year EBIT.
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Recall: Arena Swim Snorkels
About 3,350 Arena Swim Snorkels Pro II and Swim Snorkels II are being recalled.
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Recall: Salsa Cycles Cutthroat Bicycles and Forks
About 600 Cutthroat Bicycles and Forks from Quality Bicycle Products are being recalled.
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Fox Factory’s Q3 Sales Jump 23 Percent
Fox Factory Holding Corp sales for the third quarter were $260.7 million, an increase of 23.4 percent year-over-year. The increase in sales reflects a 17.7 percent increase in Powered Vehicles Group sales and a 32.4 percent increase in Specialty Sports Group sales.