Inside the outdoor industry

FINANCIALS AND SCUTTLEBUTT

Columbia director steps down

Sarah Bany, daughter of Gert Boyle and a longtime director of Columbia has resigned from the Board, with immediate effect, in order to focus on administering Boyle’s estate.

O&CC to close three outdoor stores

Outdoor retail group Outdoor & Cycle Concepts, has announced the terms of a CVA Proposal proposed by the directors of the Company which will see it closing four stores across its portfolio.

Columbia posts 14 per cent sales rise

Columbia Sportswear announced net sales of $917.6 million for the fourth quarter 2018, an increase of 18 per cent, compared with net sales of $776 million for fourth quarter 2017 with full year sales up to $2.8bn.

Columbia completes Shanghai buyout

Columbia Sportswear has completed its buyout of the remaining 40 per cent interest in Columbia Sportswear Commercial (Shanghai) Company, the joint venture in China with Swire Resources Limited, a subsidiary of Swire Pacific Limited.

Columbia recruits boost city team

Columbia has boosted its city credentials, recruiting Andrew Burns as director of investor relations and Competitive Intelligence, reporting to senior vice president and chief financial officer, Jim Swanson.

Record results for Johnson

Johnson Outdoors has reported double-digit increases in sales and earnings driving record-high results during the company’s 2018 second fiscal quarter and six months ending 30th March 2018.

Waka Waka makes public offering

Solar light specialist, WakaWaka has become the first European B Corporation to go public, offering shares via NPEX, the Dutch financing platform for SMEs as it looks to raise €2.5m.

Columbia signs MLS deal

Columbia Sportswear and Major League Soccer (MLS) have announced a new collaboration featuring co-branded outerwear and apparel for men, women and children.

Cascade chief stepping down

Cascade Designs, owner of Therm-a-Rest, Platypus and other outdoor brands, has announced that company founder and chairman John Burroughs, is stepping after 46 years as head of the company.

Online database aims to end labelling woes

The World Federation of the Sporting Goods Industry (WFSGI) has partnered with Compliance & Risks to launch the WFSGI Compliance Labelling Requirements (CLR) Database designed to help companies avoid potential costly re-work, stop ships and product recalls.

Kampa on the right Track

Kampa has been ranked at number 11 in the fourth annual Sunday Times Lloyds SME Export Track 100, which was published in the Business section last weekend. 

New CEO for WL Gore

Jason Field, global sales and marketing leader for Gore Medical Products Division, will succeed Terri Kelly as President and CEO of WL Gore from 1st April.

Slide Award winners announced

At Wednesday night’s SIGB AGM, the winners of the Slide Awards 2018 were announced, with the Salomon S/Lab Shift Hybrid Binding taking top honours in the Hardware section, Patagonia winning the Software category with their Micro Puff Hoody Jacket and the Bollé Nevada Goggle – Phantom + Technology, winning the Accessories category.