SGB Update Outdoor
Vista Outdoor’s Organic Sales Drop 7 Percent In Second Quarter
Vista Outdoor Inc. reported break-even results on an adjusted basis in the second quarter as sales slid 7 percent on an organic basis. The company again slightly lowered its sales guidance due to continuing ammunition weakness but retained its adjusted earnings outlook.
Backcountry.com Apologizes For Trademark Protection Push
Following social media uproar over news the online retailer has been suing small business owners over the use of the word “backcountry,” Backcountry.com CEO Jonathan Nielsen wrote in an open letter that the retailer’s attempts to protect its brand “were not consistent with our values.”
Backcountry.com Facing Potential Boycott Over Trademark Lawsuits
Backcountry.com is facing a social media uproar and boycott threats as word spreads about the online site’s move to sue dozens of smaller outdoor brands and retailers for using the term “backcountry” in their name or product catalog.
Tim Boyle To Serve As Acting Chairman Of Columbia Sportswear
Columbia Sportswear Company announced that, in accordance with prior actions by the company’s board of Directors, President and CEO Timothy P. Boyle will serve as acting chairman of the board following the passing of Gert Boyle.
Outdoor Leaders Criticize U.S. Withdrawal From Paris Climate Accord
The Outdoor Industry Association (OIA) and several of its members released the following statements expressing their concerns with the withdrawal from the Paris Climate Accord.
Clarus Reduces Guidance On Sierra Weakness, Trade Headwinds
Clarus Corp., the parent of Black Diamond, Sierra, PIEPS, and SKINourishment, reported earnings in the third quarter slid 14.3 percent as sales grew 8 percent. The company reduced its guidance for the year due to weakness at Sierra and headwinds due to the strengthening U.S. dollar and the escalating trade wars.
NSGA Responds To Gert Boyle’s Passing
In a statement, NSGA President & CEO Matt Carlson, said Gert Boyle, who passed away on November 3, was “a fighter and the title of her autobiography, One Tough Mother, exemplified the determination and spirit she had to build Columbia from adverse circumstances into the company it is today.”
Floorplan, Education And Events Schedule Ready For Outdoor Retailer + Snow Show
Outdoor Retailer unveiled the floorplan and events and education schedule for the Outdoor + Snow Show 2020.
Norrøna Expands Rep Teams In Pacific Northwest, Northeast
Norrøna, the Norwegian outerwear brand with U.S. headquarters in Boulder, CO, continues to grow its presence in the U.S. market with the addition of regional sales representatives, Kyle Hadersberger and Derek Humphrey.
Columbia Sportswear Chairwoman Gert Boyle Dies
Columbia Sportswear Company reported the passing of Gert Boyle, the chairman of the board of directors of Columbia Sportswear and its matriarch since 1970.
Newell Brands Raises Guidance On Improving Q3
Newell Brands reported a third-quarter profit. excluding charges, and sales that beat expectations while raising its full-year outlook. Core sales growth in the Home & Outdoor Living segment grew 1.3 percent.
Yeti’s Q3 Sales Jump 17 Percent
Yeti Holdings Inc. reported earnings on an adjusted basis increased 29 percent on a 17 percent sales gain. The company lifted its guidance for the year.
Winners Of Surf & Boardsport Industry Awards In Australia Announced
The Surf and Boardsports Industry’s outstanding brands, retailers and products were celebrated in true surf industry style at SBIA Awards. Big winners included Rip Curl, Patagonia, JS, Reef, Billabong and Oakley.
Sun & Ski Sports To Open First Stores In California And Utah
Sun & Ski Sports this falls plans to stores in Mammoth, CA and Park City, UT, the chain’s first stores in those states.
NRS Moves To Move To New Headquarters
NRS, the maker of paddlesports equipment and apparel, will move to newly built headquarters in Moscow, ID in early November. The roughly 155,000 square-foot facility expands the physical footprint of the 47-year-old company to facilitate continued growth.
