SGB Update Outdoor
Patagonia CEO Rose Marcario Steps Down
Patagonia’s CEO Rose Marcario, shown above right with Patagonia’s founder Yvon Chouinard, has stepped down after a six-year stint. Chief operating officer Doug Freeman is taking her place momentarily until the search for a successor is found.
OIA Elects One Returning Board Member; Adds Four New Faces
Outdoor Industry Association elected one returning director four new incoming directors who will officially begin their three-year terms at the upcoming board meeting on June 22.
ORR Makes Final Push For Senate To Pass The Great American Outdoors Act
Over 100 outdoor businesses, from Fortune 500 companies to mom and pop shops, including specialty retailers, apparel, gear and vehicle manufacturers, outfitters and guides, campground and marina operators, and more sent a letter to Senate leadership urging swift passage of the Great American Outdoors Act.
Lolë Parent Files For Bankruptcy In Canada
Coalision, the Montreal-based parent of Lolë and Paradox activewear brands, has filed to reorganize under the Bankruptcy and Insolvency Act in Canada to seek new funding or a buyer.
Report: COVID-19 Has Not Reduced Consumers’ Demand For Sustainable Solutions
Kearney’s annual Earth Day survey found consumers still show a strong and growing interest in the environment even as COVID-19 continues to ravage the nation.
RECALL: Field & Stream Safety Ropes
About 63,000 Field & Stream safety ropes are being recalled by Dick’s Sporting Goods. According to a release from the U.S. Consumer Product Safety Commission, the ropes can fail when used in freezing conditions, posing fall and injury hazards.
Emerald Holding To Receive $400 Million Convertible Preferred Stock Infusion
Emerald Holding Inc., the parent of Surf Expo, Outdoor Retailer and other trade shows, announced plans to raise $400 million through the issuance of convertible participating preferred stock to affiliates of Onex Corporation, the company’s controlling stockholder and in a subsequent rights offering.
Hunter Boots CEO Exits Amid Strategic Review
Hunter Boots announced that CEO Vincent Wauters will step down “by mutual agreement” at the end of July to pursue new opportunities. His exit comes as Hunter begins a strategic review. Wauters joined Hunter in 2016 from Arc’teryx, where he was president.
Safilo’s Debt Rating Downgraded
Moody’s Investors Service lowered its debt rating on the Italian eyeglass manufacturer Safilo S.p.A. due to the prolonged lockdown measures in most European and American countries and its impact on sales, distribution and manufacturing.
Christy Sports Donates $165,000 For COVID-19 Relief
Christy Sports LLC, one of the largest ski retailers in the U.S., announced over $165,000 in donations for COVID-19 Relief. The company focused on contributions in Colorado, Utah, Washington, and New Mexico to support communities where they operate.
Outdoor Retailer Introduces Outdoor Retailer Online This Summer
Outdoor Retailer has launched a new Outdoor Retailer Online platform in the wake of the cancellation of Outdoor Retailer Summer Market due to COVID-19. An online, three-day outdoor business, networking, and educational event will run from July 21-23, 2020.
Merrell Appoints Chief Marketing Officer
Merrell, a division of Wolverine World Wide, Inc., announced the appointment of Janice Tennant to the position of chief marketing officer, reporting directly to Merrell’s global brand president, Chris Hufnagel. She was formerly chief marketing officer for Cat Footwear.
Vail Resorts CEO To Donate $11.7 Million
Vail Resorts, Inc. announced that Chairman and CEO Rob Katz has exercised stock appreciation rights (SARs), that were set to expire in 2021, and will be making a charitable donation of 100 percent of the proceeds received. Katz plans to make immediate grants to support COVID-19 efforts, racial justice reform and programs for urban youth.
House Transportation Bill Proposes Major Increases For Federal Bike Programs
PeopleForBikes said a new bill has been released by the U.S. House Transportation and Infrastructure Committee that would significantly increase federal funding for bikes.
Backcountry Announces Executive Leadership Changes
Backcountry, the online outdoor retailer, named Melanie Cox, formerly interim CEO at rue21, as its chief executive officer. Jonathan Nielsen, Backcountry’s CEO since March 2016, is departing. Additionally, Sarah Crockett, formerly at Burton, has been appointed chief marketing officer.
