ORR Members To Testify Before Congress On Outdoor Recreation Economy
Outdoor recreation will be at the forefront of conversations on Capitol Hill next week. For the first time, the House Committee on Small Business will hold a hearing focused solely on outdoor recreation.
Report: Google Makes Offer To Acquire Fitbit
Alphabet Inc., the owner of Google, has made an offer to acquire Fitbit Inc., according to a report from Reuters.
Dick’s Sporting Goods To Open Two New Stores
Dick’s Sporting Goods on Monday announced it will be expanding its nationwide footprint with the opening of one Dick’s Sporting Goods store and one Golf Galaxy store in November.
FESI Report Shows Third Straight Healthy Year For EU Ski Industry
According to recent findings of the annual market report conducted by the Federation of the European Sporting Goods Industry (FESI), skis and ski equipment’s sales between the winter season 2019 and 2016 have generally increased. FESI has collected this information as part of the research work carried out by its Winter sports task force, which gathers key brands from the ski sector.
Uncle Mike’s Launches E-Commerce Website
Uncle Mike’s announced that it has launched a direct to consumer website at www.unclemikes.com.
Thule’s Q3 Impacted By U.S.-China Trade War
Thule Group reported a modest gain in adjusted operating profit in the third quarter as sales grew 7.7 percent. Sales in the Americas region were down 2.0 percent as additional tariffs resulted in several retailers reducing inventory levels and higher prices impacted consumer spending.
GNC Reports Q3 Loss
GNC Holdings Inc. reported a net loss of $2.4 million in the third quarter compared with net loss of $8.6 million in the prior-year quarter.
Duluth Trading Creates First-Ever Museum Of Man Area And Underwear Shop
Duluth Trading Co. will bring its underwear expertise to life through “The Museum of Man Area and Underwear Shop,” a new concept store designed to showcase the array of Duluth Trading’s underwear styles. The store celebrates its grand opening at Mall of America in Bloomington, MN, on November 7, 2019.
REI To Open In Gainesville
REI Co-op plans to open a store in Gainesville, FL The 23,000 square-foot store will be completed by spring 2020.
SOS Outreach Announces Additions To Board
SOS Outreach, the non-profit organization focused on using outdoor activities – namely skiing and snowboarding – to engage youth in a mentor-driven, curriculum-based program, has named its first alumni representative to the Board of Directors.
Holiday Tech Spending to Reach $97.1 Billion in Revenue, Says CTA
Technology spending during the 2019 holiday season (October-December) is projected to reach $97.1 billion in revenue in the U.S. – on par with last year’s actual spending – according to the Consumer Technology Association (CTA). CTA’s 26th Annual Consumer Technology Holiday Purchase Patterns Study shows streaming service subscriptions and video games emerging as popular tech gifts.
Headsweats Expands Team With Three Hires
Headsweats has rounded out its team with the addition of Katey Martus, Dorothy Pacheco and Megan Scharf. Pacheco joins as a senior account manager, Martus joins as an account manager, and Scharf comes on board as the social media and community manager.
Evolution Outdoor Retains Baratti Marketing
Evolution Outdoor announced a strategic partnership with Baratti Marketing, a leading agency in the outdoor industry.
VF Misses Wall Street’s Targets In Q2
VF Corp. reported earnings per share on an adjusted basis in its fiscal second quarter rose 6 percent but came in below Wall Street expectations. The company reiterated its guidance for the year. Among major brands on a currency-neutral basis, Vans again led the way, up 16 percent; followed by The North Face, up 10 percent; and Timberland, 1 percent. Dickies was was down 3 percent.
LEM Helmets Adds East Coast Warehouse
Lem Helmets, the manufacturer of cycling helmets, is expanding its operations in the U.S. with the recent addition of an east coast warehouse and distribution facility.
