SGB Update Outdoor

OIA Welcomes Tariff Hike Delay

Said Amy Roberts, executive director of Outdoor Industry Association. “OIA will continue to press the case that thousands of large and small retailers and manufacturers of outdoor products play a significant role in bolstering the U.S. economy and that U.S. trade policies should serve to help them continue to innovate and prosper.” 

Performance Bicycle To Liquidate All Doors

Performance Bicycle in an amended bankruptcy filing said Gordon Brothers, which was initially to liquidate 40 Performance Bicycle stores, has been retained to liquidate the chain’s remaining 62 stores. The chain’s owner indicated stores may be reopening as part of the restructuring.

RILA Encouraged By Path Forward With China On Trade

Retail Industry Leaders Association’s vice president for international trade, Hun Quach, issued a statement following President Donald Trump’s meeting with Chinese President Xi Jinping during the G20 meeting in Argentina.

Lowa To Appoint Alexander Nicolai CEO

Lowa said that effective January 1, 2019, Alexander Nicolai will assume leadership of the Lowa’s operative business activities as the new chief executive officer. After heading Lowa for more than 25 years, Werner Riethmann will gradually begin to withdraw from daily business operations next year.

Callaway Golf Company To Acquire Jack Wolfskin

Callaway Golf Company announced that it has entered into an agreement to acquire Jack Wolfskin for €418 million, or approximately $476 million. The acquisition furthers Callaway’s push into the active lifestyle category after its successful 2017 acquisitions of TravisMathew and Ogio.

LL Bean Family Members Donate $4M To Maine Medical Center

Medical Center announced today a gift of $4 million provided by Lisa Gorman and the children of L.L. Bean Chairman Emeritus Leon Gorman and their spouses. In recognition of the gift, the planned Congress St. building lobby will be named after the late Leon Gorman.

Mountain Equipment Supports Ice Climbing Community

Mountain Equipment, a U.K. designer and manufacturer of outdoor gear and apparel, announced that the brand is renewing its sponsorship at the Ouray Ice Festival in January 2019 by increasing its involvement as an Official Sponsor.

Yeti Beats On EPS In First Public Earnings Report

In its first earnings report since going public, Yeti Holdings Inc. on Thursday reported adjusted net income for its third quarter ended September 29 grew 81 percent to $20.2 million, or 24 cents per diluted share, beating Wall Street’s targets by 3 cents.

New Arc’teryx Brand Store Opens In Fukuoka, Japan

Arc’teryx continues to expand in the Japanese market with the recent opening of a new brand store in Fukuoka. With 264 square meters located in two floors, it is the brand’s largest in-mall-store in Japan.