SGB Update Outdoor
CLMBR Secures Venture Capital Funding
CLMBR announced the close of its first funding round led by venture capital and private equity firm KBW-Ventures, exercise physiologist and CEO and Founder of 22 Days Nutrition, Marco Borges and others. The investment will support the launch and delivery of CLMBR Connected and CLMBR Pure vertical climbing machines for the at-home and commercial markets.
Academy Sports Prices Notes
Academy Sports and Outdoors Inc. priced a private offering of $400 million aggregate principal amount of 6.000 percent senior secured notes due 2027.
CODI’s Q3 Revenues Expand 8 Percent
Compass Diversified (CODI) reported net revenues increased 7.9 percent in the third quarter ended September 30 to $418.9 million, as compared to $388.3 million a year ago.
Boot Barn’s Q2 Comps Decline 5 Percent
Boot Barn Holdings reported net sales decreased 1.4 percent in the second quarter ended September 26, to $184.5 million. Same store sales decreased 5.1 percent, comprised of a decrease in retail store same store sales of 9.1 percent and an increase in e-commerce sales of 17.6 percent.
SIA’s Snowbound Festival Debuts Website; Announces Dates For Upcoming 2021 Winter Shows In New England And Rockies
In celebration of the upcoming winter season, Snowsports Industries America (SIA) debuts the first phase of its Snowbound Festivals consumer platform with the launch of its new website Snowboundfest.com. An integral part of the overall Snowbound Festivals strategy is its online platform connecting consumers with brands, resorts and retailers. Phase two of the Snowbound Festival […]
Shimano’s Earnings Climb In Nine Months
Shimano Inc. reported earnings rose 10.4 percent in the nine months ended September 30 despite a 2.0 percent dip in sales. The Japanese-based sporting goods company lifted its outlook for the year.
Rocky Brands’ Q3 Sales Advance 16 Percent
Rocky Brands Inc. reported third-quarter sales increased 15.8 percent to $77.8 million compared to $67.2 million in the third quarter of 2019.
Big 5 Sporting Goods Posts Record Third Quarter
Big 5 Sporting Goods Corp. reported earnings jumped more than four-fold in the third quarter as same-store sales jumped 14.8 percent. Steve Miller, the company’s chief executive officer, said, “I am pleased to report an exceptional third quarter, which represents the strongest sales and earnings performance in our 65-year history.”
Chaos/CTR Headwear Appoints Rocky Mountain Reps
Chaos/CTR appointed Rose Sales Agency to represent the knit and constructed headwear brand in the Rocky Mountain States.
Thermacell Makes Hires To Support Growth
Thermacell Repellents Inc. hired Dr. John Hainze as vice president of Science & Research.
Consumers Sweet Spot This Holiday Is Free Shipping, According To NPD
The 2020 holiday shopping season kicked off earlier this year with Amazon Prime Days and competing retail promotions in mid-October, and while consumers are always looking for good deals, their sweet spot this holiday will be free shipping, reports The NPD Group.
Unifi Announces Strong Sequential Growth With First Quarter
Unifi Inc. reported sales in the first quarter ended September 27 were down 21 percent year-over-year but increased 64 percent sequentially compared to the fourth quarter of fiscal 2020. The fiber producer also posted a surprise profit in the period.
ISPO Munich 2021 To Go Virtual
ISPO Munich’s 2021 show will take place February 1 to 5, completely online due to the coronavirus. Klaus Dittrich, the Chairman and CEO of Messe München, said, “With ISPO Munich Online, we are enabling all customers around the world to participate in the event. At the same time, we can create formats that integrate new target groups.”
Arc’teryx To Open Second New York City Location
Arc’teryx will open a second Manhattan location in the Flatiron District, replacing the fitness startup Mirror, according to Commercial Observer.
Academy Sports Announces Offering Of Senior Secured Notes
Academy Sports and Outdoors Inc. announced that its wholly-owned subsidiary, Academy, Ltd., intends to offer $400 million aggregate principal amount of senior secured notes due 2027 in a private offering.
