SGB Update Outdoor
Future Plc Acquires Cycling News And Procycling Magazine From Immediate Media
Future Plc announced the acquisition of two specialist consumer brands from Immediate Media Co. – CyclingNews.com and Procycling Magazine.
SportChek’s Comps Climb 2.5 Percent In Q4
Canadian Tire Corp. reported SportChek’s comps were up 2.5 percent in the fourth quarter and 2.0 percent for the full year
Yeti Holdings Q4 Profits Jump
Yeti Holdings Inc. reported a sharp jump in net earnings in the fourth quarter as revenues climbed 19 percent. The company expects sales to climb between 11.5 percent and 13 percent in 2019.
Emerald Expositions Posts Q4 Loss On Impairment Charges
Emerald Expositions, the parent of the Outdoor Retailer trade show, reported a net loss of $90 million in the fourth quarter as it took $104.3 in impairment charge related to certain trade names and customer-related intangible assets.
Senate Votes To Reauthorize Land And Water Conservation Fund
The U.S. Senate passed a sweeping public lands package. The bill designates more than one million acres of wilderness for environmental protection and permanently reauthorizes the Land and Water Conservation Fund.
California Outdoor Industry Leaders Fuel California’s $92 Billion Outdoor Recreation Economy
Spearheaded by a board of directors and comprised of outdoor industry professionals experienced in launching and managing profitable businesses, California Outdoor Recreation Partnership (CORP) is making progress in advocating on sustainable economic development in California’s growing and vibrant $92 billion outdoor recreation economy.
Danner Opens First Store In Bend, OR
Danner announced the opening of its fifth and newest store, Danner at the Box Factory, in Bend, OR.
Honey Stinger Announces Ambassador Team
Honey Stinger announced its new elite athlete team for 2019: Hive Gold.
Industrial Revolution Hires New President
Industrial Revolution, the Seattle manufacturer and distributor of essential outdoor accessories, announced the addition of Drew Keegan as its new president. Before coming to IR, Keegan spent 18 years at Cascade Designs.
Sportsman’s Warehouse To Open Murfreesboro, TN, Store In Summer 2019
Sportsman’s Warehouse is planning to open a new store in Murfreesboro, TN, in the summer of 2019.
OIA Names Amy Horton as Senior Director of Sustainable Business Innovation
Outdoor Industry Association (OIA) on Wednesday announced that Amy Horton will join the OIA executive team as senior director of sustainable business innovation.
Thule’s Q4 Sales Climb 15 Percent
Thule Group reported revenues rose 15 percent in the fourth quarter although operating income declined slightly.
Shimano’s Revenues Expand 3.6 Percent In 2019
Shimano reported operating income rose 2.1 percent in 2019 as sales improved 3.6 percent.
Kelty Announces Senior Management Promotions
Kelty on Tuesday announced two senior management changes. The brand named Russ Rowell senior vice president and general manager, and Vincent Mares senior creative director, overseeing Kelty product design and visual direction.
REI CEO Jerry Stritzke Resigns Over Investigation Into ‘Personal, Consensual Relationship’
REI President and CEO Jerry Stritzke resigned February 11 after the company’s “investigation into the facts and circumstances surrounding a personal and consensual relationship between Jerry and the leader of another organization in the outdoor industry.”
