SGB Update Outdoor
United By Blue Announces Series A Financing
United By Blue, the outdoor brand known for sustainable products that support ocean and waterway conservation, has raised a Series A financing round. The round was led by Emil Capital Partners with participation from CircleUp, Golda Darty, Connected VC, Patient Capital Collaborative, amongst others.
REI To Invest $1 Million In Thrive Outside Program
REI Co-op is investing $1 million in the Outdoor Foundation, the charitable arm of Outdoor Industry Association, to support the Thrive Outside program, designed to help young people’s social, emotional and academic development through the outdoors. REI joins VF Corp., Patagonia and Thule, which all made significant multi-year pledges during Outdoor Retailer Summer Market in July.
Duluth Trading Opens Store In South Portland, Maine
Duluth Trading announced the grand opening of its 45th store in South Portland, Maine.
Canadian Tire’s FGL Segment Resumes Growth In Q3
Canadian Tire Corporation reported retail sales at its FGL segment, including Sport Chek, were up 1.6 percent in the third quarter with comparable sales up 2.2 percent. The company said it also saw a “strong start” to newly-acquired Helly Hansen.
Crocs Lifts Outlook As Revenue Gains Pick Up Steam
Crocs Inc. raised its guidance for the year after reporting a surprise profit in the third quarter on strong demand for its clogs and sandals. Sales in the period accelerated to 9.3 percent growth on a currency-neutral basis and Crocs said it expects a mid-single digit revenue increase in 2019.
BioLite Appoints Waypoint Outdoor In New Growth Plan
BioLite, the specialist in off-grid energy solutions, hired Waypoint Outdoor as its exclusive nationwide master sales representative group for the US Outdoor Wholesale Market.
PlumRiver Agrees To Acquire CenterStone Technologies
PlumRiver Technologies on Wednesday announced that the company has signed an agreement to acquire CenterStone Technologies as part of a strategic move to create a standardized B2B e-commerce interface between manufacturers and retailers. Financial terms of the deal weren’t disclosed.
MEC CEO David Labistour To Step Down
After 11 years heading the organization, CEO David Labistour will be leaving his role at MEC ((Mountain Equipment Co-op) in June 2019, handing over to a new CEO who will continue the co-op’s journey to get people off the couch and active outside.
REI Co-op To Open New Store in Kalispell, MT
Outdoor co-op REI will open its new store in Kalispell, MT, on Nov. 9 at the Spring Prairie Commons shopping center on Nov. 9.
ISPO Munich Adding Two More Halls For 2019 Show
ISPO Munich will be boasting an extra two halls in ISPO Munich 2019. In January 2018, over 2,800 exhibitors showcased their products at the leading international trade fair spread across 16 halls.
Wolverine Lifts Guidance On Strong Q3 Profit Gains
Wolverine World Wide Inc. lifted its guidance for the third time this year after reporting earnings on an adjusted basis rose 44 percent. Underlying revenue rose 1.1 percent on a currency-neutral basis.
HydraPak Acquires Polar Bottle
HydraPak, maker of performance hydration products and the largest OEM supplier of reservoirs globally, on Tuesday announced its acquisition of Polar Bottle. Financial terms of the deal weren’t disclosed.
Bogs Sales Dip 5 Percent In Q3
Weyco Group, Inc. reported wholesale sales of Bogs were down 5 percent for the third quarter, mainly with outdoor and online retailers.
Camping World Misses On Q3 Revenue, EPS Targets
Camping World Holdings Inc. reported revenue for the third quarter ended September 30 increased 6.2 percent to $1.313 billion, but it fell short of Wall Street’s estimates by $110 million.
Merrell Launches “One Trail” Project To Showcase And Celebrate Diversity
Merrell has launched the One Trail project, a campaign celebrating diversity on the trail and seeking to contemporize attitudes about outdoor participation. The first element of the campaign is a mural of portraits taken on trails across the country on September 1, 2018, commemorated in an online gallery.
