SGB Update Outdoor
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.
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.
