SGB Update Outdoor
Bass Pro Sues Startups From Ex-Cabela’s Employees
Bass Pro is suing two startup retailers in Sidney, NE, started by former Cabela’s managers, charging they stole proprietary information and violated non-compete agreements in starting their businesses.
Timberland Hosts 21st Annual Serv-a-Palooza
Timberland is hosting the company’s annual Serv-a-Palooza volunteer initiative in more than 19 countries throughout the months of September and October. Timberland employees, partners and community members will address community-based needs around the globe from the company’s headquarters in Stratham, NH to Milan, Hong Kong, Mexico City and beyond.
OIA Endorses Maria Cantwell For U.S. Senate
Outdoor Industry Association (OIA) announced the association’s endorsement of U.S. Senator Maria Cantwell for re-election because she is a longtime champion of the outdoor industry and actively works to bolster Washington state’s $26.2 billion outdoor recreation economy and the 201,000 jobs it supports.
New Zealand’s Kathmandu Sees 12 Percent Revenue Gain In Fiscal Year
Kathmandu Holdings Limited, the New Zealand and Australia-based outdoor retailer that recently-acquired the Oboz footwear brand, reported net earnings rose 32.9 percent in the year ended July 31 on an 117 percent revenue gain.
Timberland Renews Eyewear License
Marcolin Group, one of the world’s leading eyewear companies, and TBL Licensing LLC, announced the early renewal of the licensing agreement for the design, production and worldwide distribution of Timberland optical frames and sunglasses.
Johnson Outdoors Announces Increase In Cash Dividend
Johnson Outdoors Inc. announced approval by the company’s Board of Directors of a quarterly cash dividend of 14 cents per class A share and 12.73 cents per class B share.
Association of Outdoor Recreation and Education Assumes Ownership Of Outdoor Nation Campus Challenge Program
With support from the Outdoor Industry Association (OIA) and specifically the Outdoor Foundation (OF), the Association of Outdoor Recreation and Education (AORE) will assume ownership of the Outdoor Nation Campus Challenge (ONCC) in the fall of 2018 and will work alongside OF staff to seamlessly transition assets, knowledge and resources.
Businesses Unite As Conservation Program Faces Expiration
The Conservation Alliance and Outdoor Industry Association released a letter Monday signed by more than 280 outdoor-focused businesses and organizations asking Congress to permanently reauthorize the Land and Water Conservation Fund (LWCF) with full and dedicated funding.
NSAA Hires National Marketing And Communications Director
The National Ski Areas Association (NSAA) has named Adrienne Saia Isaac to the newly formed position of marketing and communications director. Isaac brings relevant ski area perspective to the role, having served as marketing and communications manager at Arapahoe Basin, CO, for the past six years.
Light & Motion CEO Discusses Tariffs On NPR
Daniel Emerson, CEO of Light & Motion, was interviewed on Monday by Audie Cornish on the National Public Radio program, All Things Considered. The story is about the third round of United States’ tariffs on China that started Monday. Emerson said the tariffs “tax U.S. production, but give a free pass to our China-built competition.”
OIA Endorses Martin Heinrich
Outdoor Industry Association (OIA) announced the association’s endorsement of U.S. Senator Martin Heinrich for reelection, due in large part to his tireless support for New Mexico’s public land and water and the state’s nearly $10 billion outdoor recreation economy, along with the 99,000 jobs it supports.
2018 Interbike Innovation Award Winners Announced
The second annual Interbike Innovation Awards were decided at Interbike 2018. Winners of Road Product Innovation include the Bianchi E-Aria, Reform Road Saddle, Hope RX4 Disc Brake and Pioneer CA600 Computer.
Boulder Cycle Sport Merges With Boulder Nordic Sport
Boulder Cycle Sport and Boulder Nordic Sport, two Boulder-based retail leaders, announced the merger of their business operations.
Moody’s Downgrades Academy’s Debt Ratings
The downgrade of the term loan reflects the company’s lower estimated recovery rate as a result of the recent asset-based revolver upsize. At the same time, the affirmation of the CFR and PDR reflects Moody’s view that while leverage is likely to remain elevated, Academy’s good liquidity provides the company with flexibility to turn around its operating performance.
Elevator Group Merges With True North Brand Group
Elevator Group, a strategic and creative agency known for launching brands and product lines. and True North Brand Group Inc., specializing in launching products, brand awareness and measurement, are merging to form Elevator North.
