SGB Update Outdoor
PeopleForBikes Highlights Progress On Section 301 Tariffs
PeopleForBikes, with the assistance of their nearly 300 member companies, saved the bike industry more than $130 million in Section 301 tariffs since September 2018. Section 301 tariffs represent additional duties paid on nearly all imported goods from China.
Academy Sports’ Debt Ratings Upgraded By Moody’s And S&P
Academy Sports’ debt ratings were upgraded by Moody’s Investors Service and S&P Global Ratings following the retailer’s proposed refinancing and debt redemption amid the recent IPO and good operating performance.
RVshare Secures Funding
RVshare announced a more than $100 million fundraising round led by KKR, with participation by existing investor Tritium Partners.
Winnebago Industries Announces Strong Fourth Quarter
Winnebago Industries Inc. reported adjusted earnings per share rose 45.0 percent in the fourth quarter ended August 29 on a 39.1 percent revenue gain.
K2 And SkiEssentials.com Take The Pain Out Renting For Parents
K2 and SkiEssentials.com have partnered to create an online, season-long lease program and home delivery service for parents to outfit their junior skiers and snowboarders with gear at a fraction of the cost of buying new.
Goldwin Opens First European Flagship Store
Goldwin opened its first retail store in Munich, Germany.
Pelican Products Hires Chief Information Officer
Pelican Products Inc. appointed Lance Ralls as its chief information officer.
SOL Paddle Boards Appoints Executive Director Of Operations
SOL Paddle Boards hired Chris Johnson as the brand’s executive director of operations.
4FRNT Skis Acquired By Investor Group
4FRNT Ski Company was acquired by a group of private entrepreneurs: Charlie Johnson, Will Armenta and Ebi Lange.
Clarus Announces Quarterly Dividend, Reinstates Cash Payment
Clarus Corporation announced that its board of directors has reinstated the company’s quarterly cash dividend.
CODI Completes Acquisition Of BOA Technology
Compass Diversified (CODI) announced the completion of the company’s previously announced acquisition of BOA Technology Inc.
Merrell Appoints Sales Agency To Cover The Rockies
Merrell appointed Mountain Source as its sales agency to represent the brand in The Rockies.
Backcountry.com Partners With Klarna
Klarna announced that it has partnered with Backcountry.com to offer its customers flexible buy now, pay later solutions using Klarna’s four equal, interest-free payments. “People are spending more time outdoors than ever before and exploring new ways to participate in active outdoor pursuits like skiing, hiking and cycling,” said Sarah Crockett, chief marketing officer, Backcountry.com. […]
VF Corp. Posts Better-Than-Expected Earnings
VF Corp. reported earnings and sales declined in the second quarter ended September 26 as a result of the impact of COVID-19. However, both came in ahead of Wall Street’s consensus estimates and VF officials indicated its year-to-date performance exceeded internal expectations across all brands, driven by digital and China.
REI Opens Two Pop-Ups Selling Used Gear
REI Co-op announced the expansion of its recommerce business by piloting two used-gear pop-up stores and its trade-in program.
