SGB Update Outdoor
September Storms Have Minimal Impact On Southeast Lodging As Winter Season Begins
As of Sept. 30, bookings among participating properties for the winter season at destinations across five southeast states were strong, according to Inntopia in its most recent DestiMetrics Monthly Market Briefing.
Luxottica Group’s Sales Expand 3.5 Percent In Q3
Luxottica Group, the parent of Oakley, Ray-Ban and Sunglass Hut, reported net sales in the third quarter of 2018 were up 3.5 percent at constant exchange rates thanks to the strong performance of the Retail division and e-commerce platforms as well as solid growth in Europe, North America and Asia-Pacific.
Assos Of Switzerland Appoints Next CEO
Assos of Switzerland announced the appointment of Derek Bouchard-Hall as the next CEO of the iconic cycling brand. Phil Duff, current chairman and CEO of Assos of Switzerland, will be stepping down as CEO, but maintaining his role as chairman of the board.
Columbia Sportswear Appoints Gap’s Former CFO To Board
Columbia Sportswear Company announced that the company’s board of directors has elected Sabrina Simmons to serve as a director and member of the Nominating and Corporate Governance and Compensation Committees, effective immediately.
Honey Stinger Secures Equity Investment
Honey Stinger, the manufacturer of honey-based nutritional products, announced an equity investment by Factory LLC.
Royal Robbins Closing Modesto Distribution Center
Royal Robbins will be closing the company’s distribution center in Modesto, CA, according to The Modesto Bee. The planned closing follows the sale of the company to Fenix Outdoor International in late March.
Holden Outerwear Partners With Backbone Media
Holden, the California-based outerwear company founded by snowboard legend Mikey LeBlanc and designer Scott Zergebel, announced the company is teaming up with Backbone Media to drive the company’s public relations.
Jessica Wahl Receives NOLS Stewardship Award
On October 13, 2018, NOLS presented the group’s annual Stewardship Award to Jessica Wahl, government affairs manager for the Outdoor Industry Association (OIA). The NOLS Stewardship Award, given annually since 1990, recognizes individuals who have demonstrated exceptional stewardship of public lands and the environment.
VF Corp. Lifts Guidance On Q2 Beat
VF Corp. raised the company’s earnings and revenue guidance for the year after reporting earnings in the second quarter ended September 29 that easily topped Wall Street’s guidance.The quarterly sales gains were again led by Vans, which jumped 26 percent. The North Face’s revenues grew 5 percent.
The Conservation Alliance Celebrates 10th Annual Backyard Collective
On Thursday, October 11, The Conservation Alliance celebrated the association’s 10th Annual Backyard Collective stewardship event in Bend, OR. More than 90 volunteers from 10 member companies participated in the day.
Ortovox Appoints Northeast Reps
Ortovox, a leader in avalanche safety and wool-based mountain wear since 1988, announced the company’s partnership with Rand Whitney, principal of Alpin Sport Group in the Northeast territory, covering Maine to Maryland.
Moody’s Affirms Bass Pro’s Ratings On Cabela’s Progress
Moody’s affirmed the ratings of Bass Pro after due to improving margins as synergies from the company’s merger with Cabela’s have arrived ahead of plan. Bass Pro’s debt repayments have also been higher than expected since the acquisition closed.
Nordica Appoints Marketing And Sales Support Specialist
Nordica announced the hiring of Joe Cavallaro as the company’s marketing and sales support specialist.
Play It Again Sports Parent Sees Robust Q3 Profit Gain
Winmark Corporation, the parent of Play It Again Sports, reported net income for the quarter ended September 29, 2018 of $8.36 million, or $2.01 per share, compared to $5.86 million, or $1.36, in the third quarter of 2017.
New Footwear Legislation Now In Effect
According to a trade alert sent out Wednesday by Rich Harper of the Outdoor Industry Association, legislation supported by OIA that will lower costs on certain outdoor footwear products officially went into effect on Saturday, October 13.
