SGB Update Outdoor
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.
Winnebago Industries To Acquire Premium RV Manufacturer Newmar
Winnebago Industries Inc. announced that it has entered into a definitive agreement to acquire Newmar Corporation, a leading manufacturer of Class A and Super C motorized recreation vehicles (RVs) for total consideration valued at approximately $344 million.
CamelBak Bolsters North American Product Team With Key New Hire
CamelBak welcomed Mike Valvano as the brand’s new director of soft goods and sport. Valvano will oversee product management and overall business strategy for soft goods and sport bottles in domestic and international markets.
Patagonia Sues Amazon Reseller
Patagonia is suing third-party seller Kimberly McHugh for selling Patagonia-branded products through Amazon and other platforms without authorization, according to thefashionlaw.com.
J.C. Penney To Open Outdoor-Themed In-Store Shops
J.C. Penney said Tuesday that it plans to launch an Outdoor Shop, selling apparel and other excursion gear, in 100 of its roughly 830 department stores next month. The company also announced the launch of an in-house brand called St. John’s Bay Outdoor.
