SGB Update Outdoor
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.
SDSI Expands And Lifts Geographic Limitations
San Diego Sport Innovators (SDSI), the nonprofit that has traditionally supported the Southern California’s sports and active lifestyle (SAL) economy, has lifted geographic limitations and now offers Active Lifestyle business expertise to any company in the SAL Industry.
Outerbike Cancels Remaining 2020 Events
Outerbike, the three-day experiential consumer bike event announced the cancellation of its remaining three Outerbike events that were on the 2020 calendar: South Lake Tahoe, Moab and Bentonville. At the same time, the organization announced a new feature it will be launching on its website to guide online consumers to find a bike.
Go Outdoors Administration To Likely See Small Recovery To Unsecured Creditors
Go Outdoors, the U.K. retailer required JD Sports in a pre-pack administration, could see its unsecured creditors recoup just 1 pence in every £1 owed, according to the case’s administrators from Deloitte LLP.
Conservation Groups Support Lawsuit To Overturn “Waters of the United States” Rule
Representatives of thousands of sportsmen and women across the country filed a friend of the court brief in support of a lawsuit to overturn the Waters of the United States rule (2020 WOTUS rule).
