SGB Update Outdoor
ENO Partners With One Percent For The Planet
Eagles Nest Outfitters (ENO), creators of camping hammocks and innovative outdoor accessories, has joined 1% for the Planet, pledging to donate 1% of annual sales to support nonprofit organizations focused on the environment.
Outdoor & Recreation Drives Newell Brands’ Play Segment Growth In Q4
Newell Brands reported sales in its Play segment climbed 6.6 percent in the fourth quarter. Core sales grew 5.4 percent, reflecting strong growth on Coleman, Contigo, Marmot and Team Sports partially offset by declines on Fishing.
WSL Will Not Hold Billabong Pipe Masters In 2019
The World Surf League announced that it will not hold the Billabong Pipe Masters Surf Meet on Oahu in 2019. WSL has been seeking to change the dates on its requested dates of two of its tournaments — the Billabong, which historically has run in December, and the Volcom Pipe Pro, which is held in January.
Newell Brands’ Play Segment Delivers Mid-Single Digit Gain In Q4
Newell Brands reported that its Play segment generated net sales of $563 million, a 6.6 percent increase compared with $529 million in the prior year. Core sales grew 5.4 percent, reflecting strong growth on Coleman, Contigo, Marmot and Team Sports partially offset by declines on Fishing.
VF Reports Better-Than-Expected Fourth Quarter
VF Corp. reported better-than-expected results in the fourth quarter as revenue increased 12 percent, or 10 percent currency neutral, driven by broad-based strength across VF’s international and direct-to-consumer platforms, Outdoor & Action Sports coalition and Workwear businesses. On a currency-neutral basis, Vans’ global sales soared 35 percent, The North Face added 6 percent and Timberland increased 8 percent
Onx Closes $20.3 Million Growth Equity Investment
OnXmaps, Inc., provider of the onX HUNT mobile app and industry leader in mobile mapping technology for outdoor adventurers, announced it has raised $20.3 million in a funding round led by global growth equity investor Summit Partners.
Strider Sports Renews Prevish Marketing As Agency Of Record
Strider Sports International, a leading manufacturer and marketer of children’s balance bikes, renewed Prevish Marketing for a fourth year.
REI Co-op Again Makes Fortune 100 Best Companies To Work For List
For the 21st consecutive year, REI was recognized as one of the nation’s top employers, ranking 43 on Fortune’s “100 Best Companies to Work For” list.
RECALL: Specialized Bicycle Components
About 5,550 bicycles sold in the U.S. from Specialized Bicycle are being recalled. The fork on the bicycle can break and cause the rider to lose control, posing a crash hazard.
Billabong Sets Shareholder Vote For Merger
Billabong International Limited said it will hold a shareholder meeting on March 28 to vote on its merger with Boardriders Inc.
Protect Our Winters (POW) Partners With Ikon Pass
The Ikon Pass, Alterra Mountain Company’s new pass product, has partnered with Protect Our Winters (POW) to further climate change education and advocacy through a new partnership.
L.L. Bean Sued For Removing Lifetime Return Policy
A customer has filed a lawsuit against L.L. Bean for ending its unlimited-return policy.
Dick’s Hikes Quarterly Dividend By 32 Percent
“The significant increase in our dividend demonstrates the strength of our balance sheet and the confidence we have in our company’s future,” said Edward W. Stack, Chairman and CEO. “We remain firmly committed to investing in the profitable growth of our business and returning capital to our shareholders.”
FGL Sports’ Q4 Sales Climb 5.5 Percent
Canadian Tire reported that sales at FGL Sports were up 5.5 percent overall and 5.8 percent on a same-store basis in the fourth quarter ended December 30.
POC Names Ben Coates Managing Director For North America
POC, a leading manufacturer of ski and cycling helmets, eyewear, apparel and protection, has appointed cycling industry veteran Ben Coates as managing director for North America. Coates joins POC following fifteen years at Trek Bicycle.
