SGB Update Outdoor
Frank Hugelmeyer Assumes Helm As NMMA President
Frank Hugelmeyer started his first day as NMMA president delivering his inaugural industry address at this morning’s International BoatBuilders’ Exhibition & Conference (IBEX) annual Industry Breakfast & Awards Presentation in Tampa.
Patagonia Hires Marty Pomphrey As General Manager Of Patagonia Japan
Patagonia has hired Marty Pomphrey as general manager of Patagonia Japan.
Arcade Belts Adds Outside Reps
Arcade Belts, the rugged belt brand, announced three outside sales force members will join the team to build out multiple retail territories in the United States and Canada. The Raven Workshop will lead growth in Utah, Josh Kearney in Los Angeles, and Nickson Agencies in Ontario, Canada.
Dorel Industries Inc. Suspends Dividend Amid Tariff Pressures
Dorel Industries Inc. announced that the impact of increased U.S. imposed tariffs as well as a review of the preliminary third quarter results have prompted Dorel’s Board of Directors to suspend its dividend.
Ikon Pass Will Increase In Price On October 17
The Ikon Pass, with its latest addition of Arapahoe Basin in Colorado and Zermatt in Switzerland, will increase in price on October 17, 2019.
REI To Open First Alabama Store
REI Co-op will open its first store in Alabama in Birmingham on October 4. Located at The Summit, REI’s new, will measure 20,000 square foot.
Johnson Outdoors Lifts Guidance On Tariff Exclusion
Johnson Outdoors Inc. raised its guidance after saying it had been granted exclusions for some of its products’ components subject to Section 301 tariffs.
VF Corp. Targets 7-To-8 Percent Annual Growth
VF Corp. said it is targeting a five-year compounded annual growth rate (CAGR) between 7 percent and 8 percent through fiscal 2024, fueled by VF’s largest brands (Vans, The North Face, Timberland and Dickies) and the company’s international and direct-to-consumer business platforms.
Nearly All U.S. Adults Want to Protect Natural Resources
Nearly all U.S. adults (93 percent) believe it is important to protect natural resources, including fresh air and clean water, through the acquisition and maintenance of local parks, trails and green spaces, according to a newly released report from the National Recreation and Park Association (NRPA).
OBIT: Patagonia’s Jennifer Ridgeway
Jennifer Ridgeway, considered the brand aesthetic originator of Patagonia, has passed away at the age of 69, according to Outside Magazine.
Decathlon Announces New Stores In Halifax And Burlington
Decathlon will open two more Canadian stores in the fall of 2020 in Dartmouth and Burlington.
Boardriders Launches Multi-Year Growth Agenda And Repositioning Of Key Executives
Boardriders, Inc., the owner of action sports brands including Quiksilver, Billabong, ROXY, DC Shoes, RVCA and Element, announced that it is launching a multi-year growth agenda by investing in a range of strategic initiatives across seven major pillars, fueled by its substantial progress in integrating the Billabong acquisition onto the Boardriders platform. In parallel, the company is also repositioning a number of key executives.
Kathmandu’s Annual Results Boosted By Oboz
Kathmandu Holdings Ltd., based in New Zealand, reported net profits rose 13.7 percent in the year ended July 31 on a 9.7 percent revenue gain. The gains were led by Oboz, the U.S.-based outdoor footwear brand. Oboz’s sales grew 30 percent to U.S.$44.6 million.
2020 Hall of Fame Lifetime Achievement Honoree Announced
The USA Water Ski & Wake Sports Foundation’s Hall of Fame Selection Committee announced that Ed Brazil will be honored posthumously as the 2020 recipient of the USA Water Ski & Wake Sports Foundation Hall of Fame Lifetime Achievement Award. Other inductees include Shaun Murray, Mandy Nightingale and Joe Ray.
Moncler Tops Dow Jones Sustainability Indices
Moncler entered for the first time the Dow Jones Sustainability Indices (DJSI) World and Europe and was recognized as the Industry Leader in the ‘Textiles, Apparel & Luxury Goods’ sector.
