SGB Update Outdoor
Rates Holding But Occupancy Softens As Booking Pace Reverses During November
The surging pandemic and mixed economic indicators are combining to negatively impact mountain resorts throughout the western US, with marginal snowfall at some destinations adding to the mix as tentative gains during October reversed course in November, according to DestiMetrics.
Yuba Bicycles Names President and Chief Operating Officer
Yuba Bicycles announced the appointment of Pat Cunnane to President of North American operations and COO of its global business. The position is new for the company.
RECALL: Cannondale Canvas NEO Bicycles
About 1,270 Cannondale Canvas NEO Bicycles are being recalled. The front fender can detach and cause the front wheel to abruptly stop, posing a fall hazard.
RECALL: Camp Chef Portable Stoves
About 20,600 Camp Chef portable stoves are being recalled.
Climate Neutral Appoints Head Of Marketing
Climate Neutral welcomed Melissa Leslie to the newly created position as head of marketing. She assumes responsibility for advancing Climate Neutral’s message with brands and consumers.
VF Corp.’s Debt Downgraded By S&P On Supreme Acquisition
S&P Global Ratings lowered its issue-level ratings on VF’s unsecured debt due to the debt being taken on from its pending acquisition of Supreme.
Vail Resorts Debt Ratings Placed On CreditWatch Negative By S&P
S&P Global Ratings has lowered its base-case revenue and EBITDA assumptions for Vail Resorts as it expects consumer concerns related to COVID-19, potential additional restrictions on travel and indoor activities, and limited ski resort capacity t likely impair Vail’s’ revenue in fiscal 2021 (ending July). Additionally, S&P noted that Vail plans to issue $500 million in unrated convertible senior unsecured notes due 2026 to enhance liquidity amid the ongoing pandemic.
American Outdoor Brands Q2 Sales Soar
American Outdoor Brands Inc. reported sales were $79.1 million in the second quarter ended October 31, an increase of 65.7 percent over net sales of $47.7 million for the comparable quarter last year, driven primarily by increases in both e-commerce and traditional sales channels.
DestiMetrics Data Shows Strong Daily Rates Driving Winter Revenue At Southeast Destinations
Despite the twin challenges of a worsening global pandemic and negative economic indicators, all six winter months are posting rate increases from September through February at participating Southeast resort destinations, according to data released by DestiMetrics.
Canyon Bicycles Acquired By Belgium Investor
Groupe Bruxelles Lambert (GBL) has become the new majority shareholder of Canyon Bicycles, the direct-to-consumer bike brand. Roman Arnold will remain the chairman of the Advisory Board and reinvest a significant part of his proceeds alongside GBL, while significant minority shareholder TSG Consumer Partners will fully exit its stake.
The WSL Suspends Production On The Billabong Pipe Masters
The World Surfing League (WSL) has decided to suspend the Billabong Pipe Masters competition, presented by Hydro Flask, as a result of positive COVID-19 tests within its organization, including WSL CEO Erik Logan.
ARVC Report Forecasts 53,000 Additional Campsites in 2021
The 2020 Industry Trends and Insights Report, released by the National Association of RV Parks and Campgrounds, anticipates more than 53,000 new campsites will be constructed in the next 12 months.
Vail Resorts Announces Commencement Of Convertible Senior Notes Offering
Vail Resorts Inc. announced its intention to offer, subject to market and other conditions, $500 million aggregate principal amount of convertible senior notes due 2026 in a private offering to institutional buyers.
Line Skis And Full Tilt Boots Hires Brand Director
Line skis and Full Tilt Boots have hired outdoor industry veteran Steven Hartl as its Brand Director. Hartle will be tasked with bringing the brands’ products and messages to market.
Rab Appoints National Sales Manager
Rab announced today that it has named Ryan Krusemark as the company’s first national sales manager as it looks to build on and expand its North American footprint in 2021.
