SGB Update Outdoor
VF Corp. Disappoints On Outlook
VF Corp. reported earnings and sales in the fourth quarter came in ahead of Wall Street’s consensus estimates but provided 2020 guidance that was lower than targets. By segment, revenue for Outdoor is expected to increase approximately 4 percent to 5 percent, or 5 percent to 6 percent on a constant dollar basis, and revenue for Active is expected to increase approximately 6 percent to 7 percent, or 9 percent to 10 percent on a constant dollar basis.
Quality Bicycle Products Partners With Briko USA
Briko USA announced a partnership with Quality Bicycle Products (QBP) that will see Briko road helmets distributed to North American bicycle retailers.
Specialized Bicycle Announces U.S. Leadership Changes
Specialized Bicycle Components revealed several promotions at its U.S. team following news that Jeff McGuane, its general manager, had joined Fox Racing as CEO.
OIA Announces Incoming Board Members
Outdoor Industry Association (OIA) announced newly elected board members. The appointees include Eric Artz, Frazier Blair, Cam Brensinger, Shawn Gorman and Layne M. Rigney.
Rocky Mountain Appoints General Manager
Rocky Mountain Bicycles appointed Katy Bond as general manager. She was most recently Louis Garneau Sports.
Fox Racing Appoints Jeff McGuane As CEO
Fox Racing, the maker of motocross and mountain bike gear and apparel, announced that Jeffrey McGuane will be joining Fox as chief executive officer, effective June 3. McGuane comes to Fox from Specialized Bicycles as the U.S. general manager and leader of global markets.
MEC Leads Fifth Annual Gustavson Brand Trust Index
The Peter B. Gustavson School of Business at the University of Victoria unveiled its fifth annual Gustavson Brand Trust Index that showed Mountain Equipment Co-op (MEC) led this year’s ranking as the most trusted brand in Canada.
Kathmandu Splits COO And CFO Functions
Kathmandu Holdings Limited said it is splitting the COO and CFO functions As part of a structural change aimed at enhancing its focus on international expansion while continuing to strengthen its Australasian operation.
FDRA Protests Fourth Tariff List
In a statement, FDRA President and CEO Matt Priest wrote that the latest proposed list of Chinese imports subject to higher tariffs will be “paid by every American, every time they buy shoes.”
REI To Expand E-Bikes, Donates To PeopleForBikes
REI Co-op announced plans to more than double its e-bike offerings in 2019 and a $110,000 grant to PeopleForBikes to support cycling advocacy and infrastructure programs.
Sustainable Apparel Coalition Launches Technology Venture Higg Co.
The Sustainable Apparel Coalition announced the launch of Higg Co., a public benefit company that will develop the technology that delivers the Higg Index. The Higg Index is a suite of sustainability assessment tools used globally by brands, retailers and manufacturers to measure the environmental and social performance of a company or product.
Emerald Expositions Appoints New CEO
Emerald Expositions Events Inc. appointed Sally Shankland to the position of president and chief executive officer of Emerald. Phil Evans, Emerald’s interim president and chief executive officer, will continue to serve as the company’s chief financial officer.
Eddie Bauer Reaches $9.8M Settlement Over Data Breach
Eddie Bauer agreed to a settlement with Iowa-based Veridian Credit Union over a class action lawsuit related to a 2016 data breach, according to documents filed in the U.S. District Court for the Western District of Washington. The retailer admitted no wrongdoing in the filing.
Dorel Sports’ Profits Bounce Back In Q1
Dorel Industries reported its Dorel Sports’ segment posted an operating profit of $4.5 million in the first quarter, rebounding from a loss of $774,000 a year ago. The prior year’s first quarter included a $6.6 million impairment loss recorded on Toys “R” Us trade accounts receivable and a $1.5 million operating profit related to Toys“R”Us shipments prior to the U.S. bankruptcy.
Academy Sports Opens Store In Gastonia, NC
Academy Sports + Outdoors opened its first store in Gastonia, NC, located at 3580 E Franklin Blvd. This marks Academy’s 6th Charlotte metropolitan area store.
