SGB Update Outdoor
Industry Groups Hail Passage Of Great American Outdoors Act
REI, OIA, NSSF and a wide range of other industry groups hailed the passage by the U.S. House of Representatives of the Great American Outdoors Act (GAOA).
Congress Passes The Great American Outdoors Act
The U.S. House on Wednesday passed the Great American Outdoors Act by a vote of 310 to 107, guaranteeing for the first time money for land acquisition and preservation. The bill now heads to President Donald Trump, who is expected to sign it.
Nike Tops BrandZ’s Most Valuable Apparel Brands
Nike was again the top-ranked apparel brand in the 2020 BrandZ Top 100 Most Valuable Global Brands ranking released by WPP and Kantar, although Lululemon, Adidas and The North Face all saw double-digit appreciation.
Closed Loop Partners Launches Consortium To Address Retail Bags
The Center for the Circular Economy at Closed Loop Partners has partnered with five retailers, CVS Health, Target, Walmart, Kroger, and Walgreens, to form a consortium aimed at reinventing the single-use plastic retail bag.
Alterra Mountain Company Announces EVP & CFO
Alterra Mountain Company announced the promotion of Adam Knox as Executive Vice President and Chief Financial Officer. Knox most recently served as the Senior VP, Strategy & Corporate Development.
Comscore Finds Consumers Shifting Focus To Sports And Outdoor Activities
According to new research from Comscore, consumers are shifting discretionary spending away from typical summer travel and ticketed events and focusing instead on family-oriented outdoor activities.
Thule Sees 12 Percent Q2 Revenue Slump
Thule Group reported earnings declined 25.5 percent in the second quarter as sales were down 11.6 percent.
VF Corp. To Open Multi-Brand Retail Store In Milan
VF Corp. plans to open its first multi-brand store this fall in Milan, Italy. The store, inside a historic building at 11 Orefici Street, will feature The North Face, Timberland and Napapijri with other VF brands periodically showcasing their collections.
World Surf League Cancels 2020 Season
The World Surf League announced the cancellation of its 2020 Championship Tour and Qualifying Series seasons. The professional surfing circuit decided to end this year’s competition due to COVID-19.
OIA Launches Outdoor Industry Business Certificate Program
The Outdoor Industry Association in partnership with Utah State University and Western Colorado University, launched select courses from its Outdoor Industry Business Certificate program. The program offers a suite of continuing education certificates tailored to outdoor industry professionals.
Camping World Announces 12.5 Percent Increase in Quarterly Dividend
Camping World Holdings Inc. announced that its Board of Directors has approved a 12.5 percent increase in the company’s regular quarterly dividend.
SIA Shifts To Educational Platform Amid COVID-19 Challenges
Snowsports Industries America (SIA) announced its year-round educational platform to provide current and new members tools and programs to short-term recovery during COVID-19 and long-term business success.
Nike Partners To Launch Global Carbon-Neutral Group
Nike Inc. joined eight other major corporations including Microsoft, Starbucks and Unilever, to form a new consortium with a goal of accelerating the transition to a net-zero global economy.
REI To Open Stores In Gainesville And Billings
REI Co-op on July 24 will open stores in Gainesville, FL and Billings, MO.
Powdr Corp.’s Debt Rated B2 On Proposed Debt Offering
Moody’s Investors Service assigned ratings for Powdr Corp., including a B2 Corporate Family Rating (CFR) and a B2-PD Probability of Default Rating. Concurrently, Moody’s assigned a B1 rating to the company’s proposed $300 million senior secured notes due 2025. The outlook is negative.
