Sequoia Capital Invests in Strava
Strava, the social fitness app that has become popular in the road cycling community, has raised $18.5 million in a Series D funding round with help from Sequoia Capital, a venture capital fund whose more recent successes include Instagram, WhatsApp and S
Strava Raises $18.5 Million in Fresh Capital
Strava, the online network connecting the global community of athletes, has partnered with Sequoia and secured $18.5 million in financing. Existing investors Sigma West and Madrone Capital Partners also participated in the round. This funding will allow S
Trademark Issue Complicates GoLite’s Chapter 11 Reorganization
Coupounas LLC is striving to find investors willing to buy it as a going concern by Nov. 10, despite losing rights to use the GoLite trademark it sold to Timberland in 2006, according to an Oct. 24 motion filed in the company's Chapter 11 bankruptcy
Patagonia’s $20 Million and Change Invests In Bureo Skateboards
Patagonia Works, which includes Patagonia, Inc., as well as Patagonia Media and Patagonia Provisions, announced a a seed investment in Bureo Inc., a company that has established a fishing net collection and recycling program along the coast of Chile. Bure
ATK Revisiting Plan to Spin Off Outdoor Sports Unit
Tuesday's spectacular explosion of a space rocket in Virginia could kill ATK's plans to spin off its Outdoor Sports segment to shareholders as a new, publicly traded company that would be called Vista Outdoor Inc. ATK reported Wednesday that sal
Gore-Tex Footwear Partners with Back on My Feet
W.L. Gore & Associates, inventor of Gore-Tex products, has partnered with Philadelphia’s Back on My Feet organization, which utilizes running to create self-sufficiency for those experiencing homelessness, for the 2014 Gore-Tex Philadelphia Marathon
Sorel Opens First Pop-Up Store
Sorel opened its first-ever seasonal branded retail store at 345 W. 14th St. in Manhattan’s Meatpacking District. The store will open on October 30 through February 2015…
Columbia’s Organic Sales Up 14 Percent in Third Quarter
Columbia Sportswear Company reported strengthening sales of Columbia branded product by its European direct-to-consumer business, incremental sales from its new China joint venture and newly-acquired prAna turbo-charged its 14 percent organic growth in th
Steve Madden’s Q3 Earnings Dip
Steve Madden reported sales in the third quarter slipped 0.7 percent to $392 million. Net income was down 10.9 percent to $39.2 million, or 62 cents a share. The company said sales were softer than anticipated, particularly at its retail stores, due to a
Report: Nike to Exit Snowboarding
Nike plans to exit the snowboarding business in order to focus its Nike SB brand on skateboarding, according to the Oregonian…
Female Participation in Outdoor Recreation Rose in 2013
The Outdoor Foundation’s eighth annual Outdoor Recreation Participation Report shows participation among teenage girls increased by three percentage points in 2013, making up some of the ground lost in 2012. Participation rates among girls and young
GoPro Shatters Q3 Expectations With HERO4 Launch
GoPro Inc. blew through Wall Street expectations Thursday when it reported revenue grew 45.7 percent to $280.0 million in the third quarter ended Sept. 30 thanks to the highly successful launch of its new HERO4 wearable cameras…
Evolv Names Market Manager
Evolv, which makes climbing and outdoor footwear, has hired Kelsey Reddoch as its marketing manager…
Outtech Named to Represent AirForce Airguns
AirForce Airguns, manufacturer of a production pre-charged pneumatic airgun, announces a strategic partnership with Outtech, Inc. to enhance domestic sales and marketing at all levels…
New RSM Joins Crimson Trace
Crimson Trade, a manufacturer and supplier of laser sighting systems and tactical lights for firearms, has selected Dustin Gimmy as the regional sales manager (RSM) for the Midwest States of Missouri, Illinois, Nebraska and Kansas…
