Adventure lifestyle brand Cotopaxi has laid off 22 workers as part of a company restructuring, The Daily has learned. "Cotopaxi had strong top line growth this past year," the company said in a statement to The Daily, "but as with any company evolving to meet future...
Leading pack brand Osprey and drinkware brand Hydro Flask performed well for parent company Helen of Troy, despite the company posting an overall sales drop. Helen of Troy reported sales declined 1.6% year-over-year in the quarter ended Nov. 30, while the Home &...
There’s apparel specifically designed for outdoor activities that will hold up to the weather, elements, and rigorous paces an outdoor enthusiast puts it through. Then there’s apparel that looks outdoorsy and might even be made by a true outdoor brand but really...
Executives from rising shoe brand On Running gave an update on the company’s goals, including doubling its sales in the next three years, at the ICR Conference in Orlando, Florida, earlier this week. During their presentation, co-CEOs Marc Maurer and Martin Hoffmann...
Wolverine Worldwide, parent company of Merrell, Saucony, Chaco, and other brands, announced it has sold boat-shoe brand Sperry to Authentic Brands Group and the Aldo Group. The deal closed on Jan. 10, and is expected to generate about $130 million in the first quarter...
Specialty outdoor retailer REI Co-op announced plans to open 10 new stores in 2024, including in Glendale, Arizona and Rancho Mirage, California this summer. REI will open 10 stores in 2024, including: Spring: Beavercreek, Ohio, and Beaverton, Oregon Summer: Glendale,...
After 125 years of developing into a major player in Europe, add German backpack brand Deuter to the growing list of European outdoor companies making a dedicated push for market share in North America. Similar to brands Mammut, Rab, Bataleon, and others, Deuter sees...
It’s that time of year. The wonderful holiday and post-holiday period when independent retailers get angry at some of their friends. Why, might you ask, would those retailers choose this season as the moment to become angry with people that they hang out with multiple...
Newell Brands, maker of Coleman, Marmot, and many other brands, announced it will cut its office roles by approximately 7% by the end of 2024. The company will also reduce its real estate footprint and pursue other cost reduction initiatives. These actions are...
Solo Brands, maker of Solo Stove, Chubbies, Oru Kayak, Isle and other brands, has announced it is changing CEOs in the wake of major marketing investments the company made, including a viral Snoop Dogg marketing campaign for Solo Stove, that the company said haven't...
As part of its initial public offering on Thursday, Amer Sports detailed plans for rising outdoor brand Salomon, including new product initiatives and branded retail expansion. The brand’s revenue was $949.3 million in the nine months ended Sept. 30, a 35% increase...
When Amer Sports announced it was filing to go public in the U.S. on Thursday, the parent company of Arc’teryx reported that revenue for the premium outdoor brand was $941.2 million in the nine months ended Sept. 30, compared with $569.4 million a year earlier. That’s...
