SGB Update Outdoor
Vail Resorts Announces $175 Million To $180 Million In Capital Investments
Vail Resorts Inc. on Friday today announced that the company plans to invest approximately $175 million to $180 million in the guest experience in time for the 2019-20 winter ski and snowboard season across its network of 18 resorts.
Chinese Investor Consortium Reaches Agreement To Acquire Amer Sports
A consortium led by China’s Anta Sports made an offer to acquire Finland’s Amer Sports in a deal that values the company at €4.6 billion (US$5.23 billion) and Amer’s board is recommending shareholders approve the offer. The consortium plans to operate Amer Sports independently from Anta, with a separate board of directors.
Johnson Outdoors Sees Record Annual Results
Johnson Outdoors announced all-time high revenue and earnings for the second consecutive fiscal year. Strong marketplace demand for new products in the company’s core Fishing and Diving brands propelled an 11 percent increase in sales as operating profit grew 38 percent and net income rose 16 percent over the prior fiscal year. The seasonally slow fourth quarter net sales nearly equaled prior year results.
Vail Resorts Season Pass Sales Ahead Double-Digits
Vail Resorts widened its loss in the first quarter but noted that season pass sales through December 2, 2018 for the upcoming 2018/2019 North American ski season increased approximately 21 percent in units and 13 percent in sales dollars.
Emerald Expositions Cancels Interbike For 2019, Terminates Show Staff
Emerald Expositions, the owner of the annual Interbike show, announced Thursday evening that the Interbike trade show will not take place in September 2019 in Reno, NV, as previously scheduled.
Polartec Announces 2018 Apex Design Award Winners
Polartec announced the winners of its 2018 Polartec Apex Awards, an annual design award program celebrating the finest products made from Polartec fabrics.
The Thru-Hike-Syndicate Opens Application Period For Sixth Season
Vasque announced the kick-off of the sixth season of the Thru-Hike Syndicate, a brand partner-powered program supporting a select group of thru-hikers attempting to complete the longest trails throughout North America.
Fischer Restructures U.S. Organization
Fischer Sports GmbH, one of the world’s largest ski manufacturers, announced a restructuring of the U.S. subsidiary based in Auburn, NH effective immediately. Fischer global CEO Franz Foettinger assumes oversight of the U.S. organization in the wake of the departure of former U.S. CEO, Ryan Leach.
Duluth Trading’s Q3 Sales Expanded 27 Percent
Duluth Holdings Inc., the parent of Duluth Trading, reported a wider loss in the third quarter but they were in line with expectations. Sales grew 27.4 percent.
Amer Close To Signing Anta Merger Deal
Amer Sports is in final negotiations regarding a merger with a consortium led by China’s Anta Sports, according to reports from Reuters and Bloomberg.
VF Corp. Announces Name For Jeanswear Spinoff
VF Corporation announced that Kontoor Brands, Inc. will be the name of the independent, publicly traded company that will result from its previously announced separation of VF’s Jeanswear organization.
VF Corp To Open London Office
VF Corporation will open a new office in the heart of London’s Soho next Spring to help fuel growth in the U.K. market.
Mountain Khakis Promotes Victoria Payne To CFO
Mountain Khaki announced the recent promotion of Victoria Payne to CFO and vice president. Payne will lead all Mountain Khakis’ finance and operations activities.
Outdoor Retailer Shifts To Three-Day Shows For 2019
Outdoor Retailer on Wednesday announced that all three shows in 2019 will now span three days. Dates for Summer Market in June and Winter Market in November will be adjusted down from four days, while January’s Snow Show remains three days as scheduled. All three shows will be held at the Colorado Convention Center in Denver.
Marquee Brands Acquires Dakine
Marquee Brands LLC announced that it has acquired the Dakine brand and all related intellectual property. In conjunction with the acquisition, Marquee Brands has entered into a long-term license agreement with JR286, which has acquired the operating assets of Dakine and will become Marquee Brands’ long-term operating partner for the brand.
