SGB Update Outdoor

Peak Resorts To Acquire Snow Time For $76 Million

Peak Resorts Inc., which owns and operates 14 branded U.S. ski resorts, announced Monday that the company has entered into a definitive agreement to acquire privately held Snow Time Inc. for $76 million. Snow Time owns and operates three ski resorts in Pennsylvania: Liberty Mountain Resort, Whitetail Resort and Roundtop Mountain Resort.

High Sierra And Gregory See Gains In First Half

Samsonite International S.A. reported net sales on a currency-neutral basis at High Sierra grew 6.8 percent in the six months ended June 30 while sales of Gregory increased 1.9 percent.

Flowfold Hires Two New Sales Agencies

Portland, ME-based outdoor retail brand Flowfold has announced partnerships with two new sales agencies. Wasatch Reps will represent the Rocky Mountain Territory, including UT, WY, CO, and NM, and Everyday Adventure Reps (Bryan Duncan) will represent the Southwest Territory, including CA, AZ, and NV.

REI Co-Op Celebrates National Public Lands Day With Events Across Country

REI Co-op is celebrating National Public Lands Day with more than 75 events across the country to steward and raise awareness for public lands. From repairing local trails to beautifying parks to community celebrations, REI is inviting members of all ages and abilities to join in the effort. Events begin Sept. 22 and continue through the end of the month.

Outdoor Recreation A Large And Growing Percentage Of U.S. Economy

Outdoor recreation accounts for 2.2 percent of the U.S. gross domestic product (GDP), according to the final report by the Bureau of Economic Analysis (BEA) on the outputs from outdoor recreation. The final report also found that outdoor recreation contributes over $734 billion to total U.S. gross output, which is the total value of domestic goods and service produced by an industry.

BRAIN Appoints New Editor In Chief

Bicycle Retailer & Industry News (BRAIN) promoted Steve Frothingham to editor in chief of the magazine and website.

MSR Renews Partnership With American Alpine Club

Mountain Safety Research (MSR) extended the company’s partnership with the American Club and the club’s Craggin’ Classic Series, the national grassroots climbing festival, for the third year in a row.

Response to Walmart: Grassroots Outdoor Alliance Pens Open Letter

In an open letter to the outdoor industry, Grassroots Outdoor Alliance president, Rich Hill, addressed the organization’s concerns about the launch of Walmart’s premium outdoor platform. Hill called on the industry to “communicate openly, work together and resist the easy temptations of short-term thinking.”