SGB Update Outdoor
REI Partners With National Outdoor Leadership School
REI Co-op and National Outdoor Leadership School (NOLS) are launching a first-of-its-kind wilderness preparedness course offering Wilderness Safety Training to the general public.
Rocky Brands Expands Distribution Center
Rocky Brands is adding a $5 million, 94,000-square-foot expansion to its 192,000-square-foot Hocking County operation in Logan, OH.
Industry Veteran Tim Hanifin To Lead Ikor Sales Team
Ikor Labs, the Boulder-based producer of recovery-enhancing hemp oil/CBD (cannabidiol) products for endurance athletes, announced the addition of sales veteran Tim Hanifin as director of sales to their expanding team.
The North Face Unveils Global Retail Strategy With Opening Of New SoHo Location
The North Face announced a new global retail strategy, beginning with the opening of a new store in the historic SoHo neighborhood of Manhattan on Friday, August 9.
Through the refreshed retail strategy, the brand will transform its existing locations into basecamps for exploration, aiming to create a stronger connection with consumers and evolve The North Face retail environment to a space that feels more like the brand and less like a store.
RECALL: Seattle Manufacturing Ice Axes
Seattle Manufacturing Corporation is recalling its Kobah Ice Axes. The spike and/or head of the ice axe can detach from the handle during use, posing serious injury and fall hazards to the climber.
Vista Outdoor Logs Q1 Loss
Vista Outdoor Inc. reported first-quarter sales were down 7 percent on an organic basis, excluding results from the sale of its Eyewear brands. Adjusted EPS was a loss of 8 cents a share compared to break-even results in the prior-year quarter.
SportChek’s Q2 Comps Climb 3.7 Percent
Canadian Tire Corp reported SportChek’s retail sales increased 3.0 percent in the second quarter as comparable sales grew 3.7 percent. On a consolidated basis, Canadian Tire’s comparable sales up 2.2 percent in the second quarter.
Pocket Outdoor Media Appoints Robin Thurston As CEO
Pocket Outdoor Media, the holding company that owns VeloNews, Triathlete, Women’s Running, PodiumRunner, Bicycle Retailer, VeloPress, and VeloSwap, has appointed Robin Thurston, co-founder of MapMyFitness, as CEO.
Wolverine World Wide’s Q2 Earnings Top Targets
Wolverine World Wide Inc. reported second-quarter sales increased 1.1 percent. Earnings dipped slightly but exceeded Wall Street’s consensus targets by two cents. Merrell grew mid-single digits and Sperry improved to flattish growth in the quarter.
Unifi’s Q4 Profits Drop
Unifi Inc. reported sales and pre-tax profitability declined in the fourth quarter ended June 30 that were in-line with expectations. The fabric supplier showed sequential quarter improvement on profitability and cash flows, and forecast volume and revenue growth and significant improvement in profitability for fiscal 2020.
QBP To Purchase Barnett Bicycle Institute
Quality Bicycle Products (QBP) announced it has signed a purchase agreement to acquire Barnett Bicycle Institute (BBI) from the National Bicycle Dealers Association (NBDA).
Trade War Escalates With Currency Manipulation Charges
China allowed its currency to drop sharply on Monday to the weakest level in more than a decade, prompting the Trump administration to take the historic step of labeling China a currency manipulator.
The North Face Announces 2019 Explore Fund Grant Recipients
The North Face announced the 2019 Explore Fund Grant recipients, welcoming a new class of 42 organizations enabling exploration for all.
Dorel Sports’ Q2 Revenues Expand 7.4 Percent
Dorel Sports, which includes Cannondale, Schwinn, GT, Mongoose, Caloi and IronHorse, posted an operating profit against a loss in the second quarter as sales grew 7.4 percent.
Newell Brands’ Q2 Profits Top Wall Street Targets
Newell Brands reported earnings dropped in the second quarter but came in above Wall Street’s consensus estimates. Newell also indicated that it delivered significant improvements in operating margin and operating cash flow.
