All Canoe & kayak articles – Page 2
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ArticleJohnson Outdoors reports loss in seasonally slow quarter
US outdoor brand Johnson Outdoors posts a $20.2M loss as revenues drop 22%, with its fishing and diving segments hit hardest by market challenges.
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ArticleKJK Sports appoints Melanja Korošec as SVP
The owner of Elan, Tahe Outdoors and Baltik Vairas appointed Korošec to drive innovation and global growth across its sporting goods brands.
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ArticleREI announces leadership transition as Artz retires
Mary Beth Laughton to take helm as the new CEO.
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News briefsCanadian retailer MEC reportedly exploring sale
Mountain Equipment Company has engaged a risk and financial advisory solution provider to explore a potential sale, as financial strains raise concerns about its future.
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News briefsKent Outdoors welcomes new CFO
The outdoor brand collective taps a financial expert to lead its next phase of growth.
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News briefsKeela allocates £5m investment for growth and sustainability plans
The Scottish outdoor clothing brand celebrates four years of record growth.
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News briefsYandex 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.
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ArticleLolë 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.
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News briefsSolo 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.
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News briefsNational 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.
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News briefsThule 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.
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News briefsKent 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 ...
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News briefsTwo 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. Source: Garmin Patrick Desbois Desbois will provide executive oversight for Garmin’s aviation and auto OEM segments, global supply chain and operations, ...
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News briefsFinisterre 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 ...
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News briefsJohn 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 ...
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ArticleTeva 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. Revenues increased by 21 percent ...
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News briefsSolo 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 ...
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ArticleJohnson 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 ...
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ArticleREI 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 ...
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ArticleNew 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. Otto joined Kent after successfully completing the sale of RW Designs, a wholesale and direct ...
