News Topics
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February 12, 2024
After Years of Relying on Help From Salomon for Its Shoes, Arc’Teryx is Stepping Out on Its Own
Since introducing footwear in 2015, performance outdoor equipment company Arc’Teryx has relied on the insights and expertise of fellow Amer Sports brand Salomon. That is about to change. Starting with the spring 2024 season, Arc’teryx is now designing and creating its own footwear collection entirely in-house. FN
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February 9, 2024
Mount Everest: Climbers will need to bring poo back to base camp
People climbing Mount Everest will now have to clear up their own poo and bring it back to base camp to be disposed of, authorities have said. The municipality, which covers most of the Everest region, has introduced the new rule as part of wider measures being implemented. Due to...
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February 9, 2024
Prana Records 21% Revenue Drop in 2023
Active lifestyle brand Prana’s 2023 revenue dropped 21% to $113.6 million as parent company Columbia Sportswear works to find the formula that will return the brand to growth. Columbia acquired Prana in the summer of 2014 for $190 million in cash. At the time, Prana was expected to generate $100 million in...
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February 9, 2024
‘Monumental Shift’: New Policy to Test Underweight Climbers for Eating Disorders Ahead of Olympics
Before climbers can win a gold medal in this year’s Olympic Games, they must prove they’re not dangerously underweight. New rules announced Wednesday will require climbers to undergo additional testing before competing in any international climbing event, including the 2024 Paris Olympics. The International Federation of Sport Climbing (IFSC) designed...
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February 7, 2024
Why Timberland Might Be on VF Corp.’s Chopping Block — and Who Might Pick It Up
VF Corporation on Tuesday announced that it would carry out a “strategic review” of its brand portfolio, following another disappointing quarter for the shoe and apparel company. Now insiders are speculating that Timberland could be a likely contender for divestiture. The company, which reported a sales decline of 16 percent to $3 billion...
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February 7, 2024
GoPro Q4 and 2023 revenues each decrease 8%
GoPro Inc. fourth-quarter revenue declined 8% year-over-year as did its 2023 revenue despite camera sell-through increases in the second half of the year. Quarterly revenue was $295 million, compared with $321 million year-over-year. For the year it was $1.0 billion, compared with $1.09 billion in 2022. Bicycle Retailer
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February 6, 2024
Sorel 2024 Revenue Expected to Fall Double Digits
Industry footwear brand Sorel, owned by Columbia Sportswear, is experiencing weak sell through this season, which is weighing on future wholesale orders, according to Columbia executives. The brand has been a growth story for Columbia in the past. The Daily Outdoor Retailer
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February 6, 2024
Train Fitness: Powering Your Workout With AI
Train Fitness is capitalizing on the importance of physical health. The company is addressing the $21.8 billion global virtual fitness market through AI-powered wearable fitness trackers. Using AI to analyze motion data from Apple Watches, Train Fitness can identify, track, and derive expert-level analysis of a user’s workouts, offering real-time coaching to...
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February 5, 2024
Columbia Sportswear Facing Layoffs and Cost Cuts
Columbia Sportswear is facing tough outdoor and wholesale challenges ahead. A lackluster fourth-quarter report resulted in layoffs, as well as an expectation for “erosion in profitability” in 2024. And the company’s challenges include cautious retail partners and greater competition from other brands. The company projected first-quarter net sales to be...
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February 5, 2024
Alterra Mountain Company to buy Arapahoe Basin in Colorado
Alterra Mountain Company has entered into an agreement to purchase Arapahoe Basin in Colorado. The ski resort is currently owned by Dream Unlimited Corp. A-Basin often boasts the longest ski season in Colorado, many times running through June and even July 4. The ski resort is located 68 miles from...
