SGB Update Outdoor
VF Corp. CEO Steve Rendle Honored By Corporate Responsibility Magazine
VF Corp. on Thursday announced that the company’s chairman, president and CEO Steve Rendle has been recognized by Corporate Responsibility (CR) Magazine as a Responsible CEO of the Year. The annual awards are given to corporate leaders who are committed to a progressive environmental, social and governance agenda.
Helly Hansen & American Magic To Take On The America’s Cup
Helly Hansen, the Norway-based global leader in sailing, on Thursday announced a partnership with New York Yacht Club American Magic, the U.S. Challenger for the 36th America’s Cup, the highest prize in international sailing.
Duluth Holdings Opens 43rd Store in Greensboro, NC
Duluth Holdings Inc. (dba, Duluth Trading Company) on Thursday announced the grand opening of the company’s 43rd store in Greensboro, NC. The store is located at 5400 Hornaday Road, Greensboro, NC, 27407.
Amer Sports Profits Jump In Q3
Amer Sports reported earnings in the third quarter jumped 47.0 percent as sales gained 8.5 percent. The gains were led by the Outdoor segment which saw sales expand 12 percent on a currency-neutral basis. The Ball Sports segment was ahead 4 percent and Fitness segment was flat.
Wall Street Journal: Berkshire Partners Considering Sale Of Implus
Berkshire Partners is exploring a sale of Implus LLC, the parent of Sof Sole, Balega, SKLZ, Triggerpoint and a number of other brands in the accessories space, the Wall Street Journal reported. Berkshire has hired Robert J. Baird and Jefferies LLC to run an auction that could value Implus at about $1 billion, the article said.
Columbia Extends UTMB Trail Running Sponsorship
Columbia Sportswear has announced a three-year extension of the company’s partnership between the Columbia brand and the Ultra-Trail du Mont-Blanc (UTMB).
Peak Resorts Pre-Season Pass Sales Grow 22 Percent
Peak Resorts Inc., a Wildwood, MO-based owner and operator of U.S. ski resorts, on Wednesday reported that through October 19, pre-season sales of the company’s 2018/2019 Peak Pass increased 19 percent on a unit basis and 22 percent on a revenue basis, compared to the prior year.
Hayes Performance Systems Acquires Reynolds Cycling LLC
Hayes Performance Systems representatives announce the acquisition of Reynolds Cycling LLC, maker of premium carbon wheels. Financial terms of the deal were not disclosed.
John Lacy Named Co-CEO Of Burton With Donna Carpenter
Burton on Wednesday announced that the company’s current president, John Lacy, will now share the CEO role with Burton’s co-owner and current CEO, Donna Carpenter. The new co-CEO structure is a natural evolution for Carpenter and Lacy, who have run Burton in partnership for nearly three years.
Shimano’s Profits Expand 3.2 Percent In Nine Months
Shimano Group reported that net sales in the first nine months increased 3.2 percent from the same period of the previous year to ¥253.9 billion. Operating income increased 2.7 percent to ¥47.8 billion, ordinary income increased 35.2 percent to ¥54.8 billion and net income increased 42.4 percent to ¥40.0 billion.
James Curleigh Lands At Gibson Guitars
James “JC” Curleigh, formerly head of Keen and of Salomon Sports N.A., has been appointed CEO of Gibson Brands Inc., the famed maker of guitars.
Finalists Announced For Inaugural Outdoor Retailer Innovation Awards
Outdoor Retailer on Tuesday announced the finalists for the inaugural Outdoor Retailer Innovation Awards presented by Capital One Spark Business, which recognize design, innovation and achievement in the outdoor industry.
Rocky Brands Inc. Beats On Q3 Revenue & Income
Rocky Brands Inc. on Tuesday reported net sales for the third quarter ended increased 1.9 percent to $65.9 million compared to $64.7 million in the third quarter of 2017, beating Wall Street estimates by $0.4 million.
The Conservation Alliance Welcomes Browne Accounting
The Conservation Alliance has announced that Seattle-based accounting firm Browne Accounting has joined as the alliance’s newest member. In joining The Conservation Alliance, the full-service, virtual firm is helping to protect public lands for future generations.
REI Co-Op To Close All Stores Again On Black Friday, Thanksgiving
For the fourth year in a row, on Thanksgiving day and Black Friday, REI Co-op will close all 153 stores, process no online payments and pay more than 12,000 employees to “Opt Outside” with friends and family.
