SGB Update Outdoor
Thule’s Q3 Revenues Leap 45 Percent
Thule reported net sales for the third quarter jumped 44.9 percent to SEK 2,436 million ($278 mm). Adjusted for exchange rate fluctuations, sales rose 52.4 percent. Strength in bike products, rooftop tents and strollers drove a 36 percent gain in the Americas region.
Moncler’s Q3 Revenues Decline 15 Percent
Moncler reported revenues of €361.8 million ($428 mm) in the third quarter, a 15 percent decrease at current exchange and 14 percent at constant exchange rates.
SA Company Receives Strategic Investment From TZP Group
SA Company has received a strategic investment from TZP Group, through TZP Capital Partners III, LP, a private equity firm based in New York.
Clarus Corp. Withdraws Proposed Registered Offering Of Convertible Senior Notes
Clarus Corporation announced that, as a result of equity capital markets volatility it has decided not to proceed with its previously announced proposed registered offering of convertible senior notes due 2026 in the aggregate amount of $85 million.
L.L Bean Opens Store In Toronto
L.L Bean opened its fourth store in Canada after marking its entry into the country two years ago. The new store is located in Don Mills in Toronto.
U.S. Ski & Snowboard Partners With Rack Attack
U.S. Ski & Snowboard announced a new partnership with Rack Attack, a retailer of vehicle rack solutions. Rack Attack will be named the Official Rack Retailer of the U.S. Ski Team, U.S Snowboard Team, and U.S. Freeski Team
Clarus Corp. Announces Proposed $85 Million Convertible Senior Notes Offering
Clarus Corporation announced it has commenced a public offering of $85 million aggregate principal amount of convertible senior notes due 2026.
Recall: Jakks Pacific Morfboard Skate & Scoot Scooters
About 162,300 MorfBoard Skate & Scoot Combo scooters with “Y” handlebars from Jakks Pacific are being recalled.
Black Diamond-Parent Sees Mid-Single Q3 Revenue Gain
Clarus Corp said it expects sales growth for the third quarter to range from 5 percent to 6 percent as triple-digit gains at Sierra Bullets offsets a slight decline at Black Diamond.
Mammut Records Modest Growth In Q3
Conzetta Group’s said its Outdoor segment, which consists entirely of Mammut brand, saw “slight growth” in the third quarter, recovering from declines seen earlier in the year due the pandemic.
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.
