OSW Tuesday - Emerald Holding earnings slump, Big Gear Show on and SHOT show off

Putting your money where it counts. The Conservation Alliance says goodbye to Bank of America. The Conservation Alliance has ended its business with longtime financial partner Bank of America, divesting all funds over concerns about the bank’s lack of environmental commitment. Read more on SNEWS.

Change of plans. The SHOT Show has been cancelled. Two weeks ago we highlighted that the SHOT Show— the industry gun and hunting trade show — would hold their annual event in Las Vegas on Jan. 19 to 22, 2021. The organizers were confident they could pull off an in-person event. Last year, more than 58,000 people descended on Las Vegas to attend. SHOT Show just announced it will cancel its 2021 event due to rising COVID-19 numbers. Read more on Gear Junkie.

Emerald Holding takes earnings beating on cancelled shows. You know them for your favorite trade shows that didn’t happen this year including Outdoor Retailer, SurfExpo and others. The company reported revenues of $8.5 million in the third quarter ending September 30 compared to revenues of $75.6 million for the third quarter of 2019, a decrease of 88.8 percent. Sad investors note, if you purchased Emerald Holding (NYSE:EEX) shares three years ago, you would have a 91% loss to show for it according to Simply Wall St. The company did note that they hosted over 90 digitally-delivered virtual events during the third quarter. And it was announced that SurfExpo will be taking place in person on January 6-8, 2021.

Colombia delivers disappointing earnings; store closures likely. For the period ended Sept. 30, the athletic and outdoor retail group reported earnings of 94 cents per share, significantly below the prior year’s earnings of $1.75 per share. Revenues also decreased 23% to $701.1 million, compared with market watchers’ forecasts of $767.13 million. While most of their stores remained open during the pandemic, the company noted that overall physical store traffic and sales trends were well below prior-year levels. Read more on Footwear News.

The Big Gear Show unveils plans for summer 2021. BGS lays out its vision for the summer 2021 event, which includes some significant changes but still has the original goal in tact: be the place where hardgoods-centric retailers can see products, try products, and buy products all in one place. The 2021 event is scheduled for August 3-5. Find out more about the new plans in SNEWS.

REI Reports Increased Demand for Winter Gear. The pandemic has driven robust sales in outdoor equipment categories, and snow companies are hoping the trends continue for the winter. Sales of cross country skis and snowshoes are running three to four times above last year’s numbers. REI is also seeing increases in entry level winter gear. Read more on Shop Eat Surf.

CAMPING
RVshare CEO: Our biggest competitor is tents, not flights. Fresh off a $100 million fundraising round, recreational vehicle rental outfit RVshare is taking advantage of the collapse of flights, as people look for alternative means to take a vacation. But although CEO Jon Gray said RVshare closely monitors Transportation Security Administration statistics to gauge airline passenger volumes, the real competition lies elsewhere. Read more on Skift.

A camper van maker just unveiled its first ‘box’ RV based on the Mercedes-Benz Sprinter and it costs more than $300,000. Check out the “box” here.

Camping World Holdings crushes estimates, initiates stock repurchase program. The company earned $1.44 per diluted share, while analyst average estimates were $1.10 per share. For the three month period ended Sept. 30, 2020, Camping World said its total new and used unit sales combined to increase by 18%. Total revenue increased by 21% compared to the prior year period. The company also increased forward guidance and initiated a new $100 million stock repurchase program. Read more on Motley Fool.

Mont. Park closed, not properly licensed for a decade. The business that operates the campground and soaking pools near Hot Springs, Mont., where a woman was found dead on Oct. 20, was ordered to close by the Lake County Environmental Health Department and has not been properly licensed by the state for more than a decade. Read more on Woodall’s Campground Management.

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BUSINESS

Meeting Their Match: BRANWYN Performance Innerwear Partners with Darby Communications - BRANWYN, makers of sustainable performance inner wear, announces its partnership with Darby Communications, a boutique PR and digital marketing agency. Darby Communications will elevate the brand’s presence in the outdoor, fitness, and active lifestyle industries, popularizing its line of Merino wool-based undergarments. MORE

PRODUCTS AND SERVICES
Grassroots Outdoor Alliance welcomes specialty vendors and independent retailers to join ConnectHub for fall ‘21 buying support - Grassroots Outdoor Alliance, the national org dedicated to the growth of independent retail, is inviting specialty outdoor vendors and independent outdoor retailers to participate in ConnectHub, a virtual free shared-resource platform. Grassroots ConnectHub brings together retailers and vendor brands by hosting essential sales tools and best practices in a single structured online location. MORE

Fischer announces a collaboration with athlete Lynsey Dyer on a six-week health and wellness webinar series, Showing Up Workshops with Lynsey Dyer - Fischer Sports North America announces the Nov. 9 start date of a six-week workshop with Fischer athlete Lynsey Dyer dubbed, the Showing Up Workshops with Lynsey Dyer. The course will help improve mental and physical states for 2021 through applied skills in mobility, recovery, nutrition and strength training. MORE

Outdoor Agency Scared of Halloween - Seed Factory, a Georgia-based Creative and PR agency with a focus on outdoor sports, produced a sequel to their 2018 “Working Late” Halloween video. Using their in-house talent, the agency often does side projects that allow them to flex their creative and storytelling talents. The 2020 Halloween video is intended to be shared on social channels and with clients, partners, friends and family. MORE

MOVES
WizWheelz boosts marketing and operations with key hires to match recumbent trike market growth - WizWheelz, Inc., parent company of trike brands TerraTrike, GreenSpeed and KMX, has brought on additional talent in operations and marketing. Chad Mahakian is Procurement Buyer, managing global commodity strategy for WizWheelz, Inc. Jack Cafretsas is the new Marketing Coordinator, handling graphic design, social media, PR and event planning. MORE