Keela allocates £5m investment for growth and sustainability plans
The Scottish outdoor clothing brand celebrates four years of record growth.
Yandex Market launches outdoor brand in Russia
Outstep is the Russian marketplace’s first outdoor goods brand, starting with affordable SUP boards and planning to expand into trekking and camping gear.
Lolë acquires Sanuk from Deckers
The Canadian athleisure brand has bought the iconic footwear brand for an undisclosed sum and announced Katie Pruitt as its new General Manager.
Solo Brands lowers FY guidance citing ‘challenging’ environment
The parent company of Solo Stove and others faced significant challenges in Q2, impacting both income and sales.
National Outdoor Expo and National Cycling Show to be combined in 2025
In 2025, the National Outdoor Expo and the National Cycling Show will be held together at the NEC in Birmingham to offer visitors an even more comprehensive and enriching experience.
Thule acquires trailer company
Reacha, a German brand of small trailers, mostly designed for bicycles and water sports equipment, is the latest addition to the Swedish Thule Group.
Kent Outdoors appoints new CEO
Utah-based Kent Outdoors has named Randy Hales as its new CEO. Hales brings decades of experience in the consumer products industry and has held executive positions at several high-growth companies, including CEO of Next Level Apparel, a blank apparel manufacturer; CEO of Zagg, Inc., a global mobile accessories company; and ...
Two long-standing executives to share new COO role at Garmin
Garmin announced today that Patrick Desbois and Brad Trenkle have both been appointed to the newly created role of Chief Operating Officer, effective July 1, 2024.
Finisterre opens its first US retail location
British outdoor apparel specialist Finisterre announced the opening of its first retail location in North America. Launched in partnership with Maine Surfers Union, the store is located at 15 Free Street in Portland, Maine, in the heart of the Old Port shopping district and not far from Maine’s beaches and ...
John John Florence, Vivobarefoot launch Down to Earth footwear collection
John John Florence, US professional surfer and two-time World Surf League champion, and Vivobarefoot have launched a new foowear collection called Down to Earth. It includes three models, the Magna Lite SG, the Primus Trail Knit SG and the Primus Lite Knit, which are suitable for a wide range of ...
Teva and Sanuk down, while Hoka accounts for strong FY24 at Deckers
Deckers Brands, the parent of Hoka and Teva, among others, ended a successful fiscal year by reporting a 36 percent operating income increase in the final period to $144.3 million compared to $105.9 million. Gross margin expanded by 620 basis points to 56.2 percent.
Solo Brands hurt by lower DTC traffic in Q1
Solo Brands reported an operating loss of $6.4 million against a profit of $3.2 million for the period ended March 31. Adjusted Ebitda tumbled 72 percent to $4.3 million as gross margin sunk by 250 basis points to 59.2 percent on a shift in channel mix to the lower gross ...
Johnson Outdoors suffers Q2 operating loss
Each of Johnson Outdoors’s four segments reported a double-digit sales decline for the period ended March 29, and two, Watercraft Recreation and Diving, had a quarterly operating loss. The group’s aggregate Q2 operating loss was $253,000 against a profit of nearly $11.4 million in the year-ago period. Ebit slipped by ...
REI posts $3.76 billion in revenue in 2023, but loses $311 million net
US specialty outdoor retailer REI Co-op released its impact report and financial results for 2023 on April 30. The year closed with $3.76 billion in net sales and nearly $270 million invested back into the co-op community. Net sales were down 2.4 percent from 2022, and the co-op reported a ...
New CFO for Kent Outdoors, secures $100m credit facility, plans sale of bike business
US group Kent Outdoors, which comprises 15 outdoor and action sports brands, including HO/Hyperlite, Connelly, Liquid Force, Onyx, Aquaglide, Barefoot/Fatsac and Bote, has appointed Rob Otto to the company’s leadership team as Chief Financial Officer.
Keen and Namuk collaborate on kids’ sandals
Oregon-based footwear brand Keen announced its collaboration on the limited edition Seacamp sandal with Swiss sustainable outdoor apparel brand Namuk. This latest limited-edition collaboration is in line with Keen’s commitment to promoting access to nature and inspiring the next generation of conservationists. 1 percent of each sale will go to ...
Solo Brands named to the World’s Most Innovative Companies of 2024 list
Solo Brands, the parent company of Solo Stove, Chubbies, Isle, Oru Kayak and IcyBreeze, has been named to Fast Company’s World’s Most Innovative Companies of 2024 list. Solo Brands was recognized as No. 2 in the Consumer Products category.
Solo Brands reports Q4 loss on impairment charge
A goodwill charge of $249 million related to its Solo Stove, Oru and Isle businesses negatively impacted Solo Brands’ Q4 results. The operating loss was $240.8 million against an operating profit of $26.8 million for the three months ended Dec. 31. The Q4 net loss was $210.9 million against a ...
Teva celebrates 40th anniversary with ‘Where to Next?’ campaign
Born in the Grand Canyon in 1984 by a resourceful river guide looking for a way to prevent sandals from floating downstream, US outdoor footwear brand Teva introduced the world to the first sport sandal. To celebrate this major milestone, the brand, a division of Deckers Brands, has introduced its ...
An open letter from Mark Held on the future of outdoor trade shows
The European Outdoor Group (EOG) asked Mark Held, its co-founder and former President, for his take on the situation regarding trade shows as a whole. In response, Mark wrote an open letter to the industry from his own perspective.