SGB Update Outdoor
Emerald Expositions’ Darrell Denny Exits
Darrell Denny, EVP at Emerald Expositions who oversees Outdoor Retailer, is leaving the company, effective May 24.
GoPro’s Q1 Revenues Climb 20 Percent
GoPro Inc.’s revenues topped Wall Street’s targets, driven by strong demand for its new range of cheaper action cameras from flagship brand Hero. The loss in the period was also slightly better than Wall Street’s targets.
Yeti To Launch Secondary Offering
Yeti Holdings Inc. announced the commencement of a public offering of 9.5 million shares of common stock by certain of its stockholders.
Hydro Flask Expands Distribution In Hong Kong And Latin America
Hydro Flask will expand its growing global presence within the Asia-Pacific market while also entering the Latin American market.
OIA Criticizes Potential Move To Raise Tariffs
In response to President’s Trump threat to increase tariffs on Chinese goods, Patricia Rojas Ungar, OIA vice president of government affairs, said in a statement that raising tariffs would be “devastating to American families and businesses.”
Slovenia’s Elan Sold To KJK
KJK Management has completed the purchase of 100 percent of the shares of Elan d.o.o., the Slovenian sporting goods company best known for its skis and snowboards.
PeopleForBikes Lists Top Biking Cities
The top five cities for biking are Boulder, CO; Fort Collins, CO; Eugene, OR; Manhattan, NY; and Arlington, VA, according to the 2019 PlacesForBikes City Ratings from PeopleForBikes.
Clarus Corporation Finalizes New $100 Million Cash Flow Facility
Clarus Corp. terminated its asset-backed credit facility and entered into a new $100 million cash flow credit facility, which also includes an uncommitted accordion feature providing for an additional $50 million, for a total of up to $150 million with J.P. Morgan Chase Bank, N.A.
Johnson Outdoors’ Q2 Sales Expand 7 Percent
Johnson Outdoors reported earnings rose slightly in the second quarter as sales rose 7 percent.
Newell Brands’ Home & Outdoor Living Sees Q1 Sales Slump
Newell Brands reported its Home & Outdoor Living segment generated net sales of $627 million compared with $670 million in the prior year period, a decline of 6.4 percent. Core sales declined 2.9 percent, largely driven by lost distribution for Coleman at a key U.S. retailer and declines in the remaining home fragrance retail stores.
Jen Harned Exits Bell/Giro
Vista Outdoor has confirmed that Jen Harned, president and general manager of the Bell and Giro, has left the company, according to Bicycle Retailer.
Yeti’s Q1 Revenues Expand 15 Percent
Yeti Holdings Inc. reported significant improvement in earnings on an adjusted basis in the first quarter ended March 31 as gross margins expanded 700 basis points and revenues grew 15 percent. The company lifted its guidance for the year.
VF Corp. Signs Fashion Industry Charter For Climate Action
VF Corporation announced that it has become a signatory to the Fashion Industry Charter for Climate Action, furthering the company’s commitment to global climate advocacy and engagement.
Emerald Expositions Q1 Earnings Sink
Emerald Expositions Events Inc., the parent of Outdoor Retailer and a number of other trade shows, reported net income decreased 30.4 percent in the first quarter ended March 31 on a 3.4 percent decline in revenues. The company now expects its full-year performance to be in the lower half of the previously communicated guidance range.
Academy Sports Opens Store in Ardmore, OK
Academy Sports + Outdoor opened its first store in Ardmore, OK, representing its 13th store in Oklahoma.
