SGB Update Outdoor
Leatt Corp’s Q2 Revenues Climb 32 Percent
Leatt Corp, the maker of Leatt-Brace neck protection system for all helmeted sports, reported revenues increased by 32 percent in the second quarter ended June 30, to $6.9 million.
PSEB Names New Interim CEO
PSEB, the parent company of PacSun and Eddie Bauer, has appointed Mike Relich as interim CEO role, replacing Jim Gulmi.
Hurley Family Launching Apparel Line With John John Florence
Kandui Holdings LLC, founded by the Hurley family, announced plans to launch Florence Marine X, an apparel collection in collaboration with two-time world champion surfer John John Florence. The partnership comes after Kandui in early August acquired the outstanding assets and intellectual property of the Simple footwear brand.
Camping World’s Debt Ratings Upgraded
Moody’s Investors Service upgraded ratings of CWGS Enterprises, LLC, doing business as Camping World, as RV demand has taken off during the coronavirus pandemic.
REI Co-Op To Pursue Sale Of Headquarters, Embrace Distributed Work Model
REI Co-op announced it is pursuing a sale of its newly completed corporate campus in the Spring District neighborhood of Bellevue, WA with the intention of shifting to a less centralized approach to its headquarters presence in the Seattle area.
Eagles Nest Outfitters Announces New Canadian Distribution Partner
Eagles Nest Outfitters (ENO), the manufacturer of parachute hammocks, announced a new Canadian distribution partner, Katadyn Canada.
Grassroots Outdoor Alliance Cancels November 2020 Connect Buying Show
Grassroots Outdoor Alliance, the national organization for the specialty outdoor retail, this week announced the cancellation of its fall Connect buying show originally scheduled for November 9-12, 2020.
Colorado Water-Related Outdoor Recreation Generates Over $18 Billion Annually
Water conservationists and outdoor recreation proponents in Colorado got a blast of wind in their campaign sails recently, thanks to a new study that finds Colorado’s waterways support over 100,000 jobs and billions in tax revenue across the state.
EcoVessel Acquires U-Konserve
EcoVessel has acquired food storage and reusable container company U-Konserve.
Wolverine Worldwide Appoints President, CEO-Designee
Wolverine World Wide Inc. announced the appointment of Brendan Hoffman as its next president and his appointment as a member of its Board of Directors, effective September 8. He is expected to transition over a period of time to become the future CEO of the company.
Canada Goose’s Q1 Sales Plunge
Canada Goose Inc. reported sales collapsed 63.3 percent in its seasonally-slow first quarter ended June 28 due to the impact of store closings due to COVID-19 and slow reopening phases. The loss widened in the period. The company now expects a decline in wholesale segment sales in its fiscal year.
Dorel Sports’ Q2 Sales Jump 18.5 Percent
Dorel Industries Inc. reported operating profits nearly tripled at its Q2 segment in the second quarter as sales rose 18.5 percent. The segment includes Cannondale, Schwinn, GT, Mongoose, Caloi and IronHorse. Sales were limited by a lack of supply of certain models despite Asian suppliers re-opening in February.
Clarus’ Q2 Sales Slide 36 Percent
Clarus Corp., the parent of Black Diamond and Sierra Bullets, reported a modest net loss in the second quarter ended June 30 as sales fell 36.2 percent due to store closures. Sales trends in both brands have continued to improve since the close of the quarter as stores have reopened.
TruFood Manufacturing Acquires Simply Natural Foods
TruFood Manufacturing, the maker of branded and private-label nutrition bars, protein bars, chocolate molded products, and baked goods, has acquired Simply Natural Foods, co-manufacturer of nutrition and better-for-you chocolate and bar brands for CPG companies as well as private label customers.
FortNine Secures Equity Investment
Novacap, one of Canada’s leading private equity firms, announced that it has acquired an interest in FortNine, a leading e-commerce platform for motorcycle, dirt bike, ATV, snowmobile and other powersports gear, accessories and parts in Canada.
