SGB Update Outdoor
Timberland Hosts 23rd Annual Serv-a-Palooza
Timberland plans to host its 23rd annual Serv-a-Palooza, a company-wide community service event at which employee volunteers dedicate their time to address critical needs in their communities. This year’s Serv-a-palooza will be considerably different from last year’s as the brand has adapted the event to maximize employee safety during the COVID-19 pandemic.
Thor Industries’ Q4 Revenues Flat
Thor Industries Inc.reported earnings rose 29.4 percent in the fourth quarter ended July 31 on essentially flat sales. Bob Martin, CEO, said sales increased significantly in the fourth quarter “as we emerged from the COVID-19 induced production furlough that started in our third fiscal quarter.”
Le Bent Restructures U.S. Sales Organization
Le Bent announced a new U.S. sales structure. Denver-based Erika Gurnett will lead the effort as its newly appointed U.S. sales manager.
Implus Appoints New Chief Information Officer
Implus LLC, the owner of a wide range of athletic, fitness and outdoor accessories, appointed Gwen Moilanen-Kollar as chief information officer. She was at Bed Bath & Beyond.
Boating Community Applauds Legislation To Protect Small Businesses
The National Marine Manufacturers Association applauded the introduction of the Resources for Emergency Preparedness and Resilient Enterprises (PREPARE) Act.
Academy Sports’ Debt Ratings Upgraded By S&P
The debt ratings of Academy Sports + Outdoors Inc. were raised by S&P Global Ratings as the retailer recently announced continued growth in the second quarter ended July and filed for a potential IPO.
Vista Outdoor Named Successful Bidder In Remington Ammunition Acquisition
Vista Outdoor Inc. announced that it has been named a successful bidder in the auction process conducted in connection with Remington Outdoor Company, Inc.’s (ROC’s) Chapter 11 bankruptcy cases pending in the U.S. Bankruptcy Court for the Northern District of Alabama.
Clarus Raises $11.5 Million From Existing Investors
Clarus Corporation announced that it has entered into an agreement with three of its top 10 investors for the sale of 900,000 registered shares of the company’s common stock at $12.75 for total proceeds of approximately $11.5 million.
Johnson Outdoors Announces Cash Dividend Increase
David Johnson, CFO, said, “Johnson Outdoors’ balance sheet remains strong, and the dividend increase reflects our confidence in our business performance and strategic plans.”
Smith Integrates Customer-Service Team
Smith Optics incorporated its Consumer & Dealer Services division within its Portland-based headquarters. Joining the product, marketing and sales departments, the customer-facing support team integrates into the hub of the Smith brand.
Rumpl Partners On New Zealand Distribution
Rumpl, the maker of technical blankets, announced a distribution partnership with Compendium Limited, a distributor in the New Zealand and Pacific Island region.
Vail Resorts Q4 Results Negatively Impacted By COVID-19
Vail Resorts, Inc. reported results for the fourth quarter and fiscal year ended July 31, 2020, which were negatively impacted by COVID-19 and the resulting closure of the company’s North American destination mountain resorts and regional ski areas on March 15, 2020. Fourth quarter results included approximately one month of operations from its North American summer and Australian winter seasons
Gap Inc. Expands Loyalty Program Across Banners
Gap Inc. said it is launching unique loyalty programs across the U.S. and Puerto Rico across each of its core brands: Navyist Rewards, Gap Good Rewards, Banana Republic Rewards, and Athleta Rewards, replacing its previous loyalty program, BRIGHT Rewards. Customers can earn and redeem rewards across its family of brands.
REI Co-op Achieves 14-Year Carbon Neutrality Commitment, Sets Ambitious New Climate Platform
REI Co-op announced it will complete a 14-year commitment to be carbon neutral in its operations in 2020 and launched an ambitious new climate platform that will see the co-op more than halve its carbon footprint over the next decade – even as the company anticipates future growth in size and revenue.
Bass Pro Extends Partnership With Toyota
Toyota and partner Bass Pro Shops and Cabela’s announce the renewal of a longstanding partnership for an additional five years, which will lead the brands into 20 years of collaboration together.
