The company intends to use the net proceeds of the offering for the repayment of indebtedness outstanding under its credit facilities and other general corporate purposes.
Author: SGB Media
Cashion Rods Adds Industry Vet as New Operations Manager
With extensive experience managing OEM programs across the fishing industry, Reid McKinstry brings a wealth of knowledge and expertise that will further elevate Cashion’s OEM and private label fishing rods and blanks capabilities.
Shoe Carnival, Inc. Lowers Full-Year Sales Guidance on Calendar Shift, Warm Weather Impact
The parent of the Shoe Carnival, Rogan’s and Shoe Station retail banners, reported that Q3 net sales were $306.9 million as compared to $319.9 million in Q3 2023, with ~$20 million moving out of the third quarter due to the retail calendar shift.
Sellmark Appoints New Global VP of Marketing
Vanessa McCoy, as the company’s new global vice president of Marketing, assumes leadership of five of the company’s seven brands, including Sightmark, Firefield, KJI, BulletSafe and Inforce.
EXEC: Target Corporation Shares Hit New Low After Q3 Miss, Disappointing Guidance
For the fourth quarter, the company now expects approximately flat comparable sales and GAAP and Adjusted EPS of $1.85 to $2.45, translating to a full year expected GAAP and Adjusted EPS range of $8.30 to $8.90 per share.
Life Time Continues Expansion in South Florida with New Club in West Boca Raton
Life Time West Boca is the company’s sixth health club in Florida, joining established locations in Boca Raton, Coral Gables, Harbour Island, Miami at The Falls, and Palm Beach Gardens.
Modern America Campgrounds Acquires NH Campground with Four More in Pipeline
The largest RV park owner in the Northeast has acquired Winding River Campground in Exeter, NH. The company said the deal marks its 29th park acquisition in the last 24 months, with plans for 33 locations by the beginning of the 2025 season.
Report: Outdoor Recreation Contributes $1.2 Trillion to the U.S. Economy, Supports 5 Million U.S. Jobs
The newly revised data in this year’s BEA report, outlines that the outdoor recreation economy has grown 36 percent in real terms since 2012 and that outdoor recreation contributes more to the U.S. economy than farming, mining and utilities.
TJX Adds Eight Sierra Locations in Q3; Has Big Merchandise Plans for Sierra E-Commerce
The company said it is well-positioned to take advantage of the outstanding availability in the marketplace and deliver an eclectic mix of exciting gifts to its stores and online throughout this holiday season. The CFO said they have some great merchandise plans for the U.S. e-commerce sites in the Sierra business.
Ladder Secures Over $100M in New Funding to Scale Top Strength Training App
The company raised $15M in Series B funding led by Point72 Ventures and ADvantage VC, with participation from Steve Pagliuca’s PagsGroup and Series A lead investors Tapestry VC and LivWell Ventures. It also secured a $90M growth investment from General Catalyst’s Customer Value strategy.
Alterra Mountain Company Closes on A-Basin Acquisition
Alan Henceroth, A-Basin’s chief operating officer who has been with A-Basin for 36 years and has driven the mountain’s unique culture, will continue on to lead the resort and oversee daily operations with his longtime team.
Stio to Expand Retail Footprint in Vail and Sun Valley for 2024/25
For the Fall/Winter 2024/25 season, the company announced plans to open a new Mountain Studio in Vail, CO and bolster its partnership with longtime wholesale partner Sturtevants of Sun Valley, ID, with a Stio shop-in-shop.
Ski California Hires John Rice as President, Appoints New Chief Counsel
The 47-year ski industry veteran has been appointed the association’s new president. Rice, who has served as VP and general manager of Sierra-at-Tahoe since 1993, succeeds Mike Reitzell, now president and CEO of the National Ski Areas Association. The Board also appointed Kristin Bohm, Esq. specializing in ski industry defense, as special counsel to Ski California.
Amer Sports Makes Key Leadership Changes; Expands Global Leadership Team
Guillaume Meyzenq has been appointed new president and CEO for Salomon and Michael Hauge Sørensen returns to former role as advisor to Board of Directors. The Global Leadership Team was expanded to support company’s next phase of growth.
Sweaty Betty Continues Global Expansion Opens New Stores in the U.S. and UK
The Wolverine Worldwide brand opend stores in Chicago’s Southport neighborhood and the other in Washington, D.C.’s Georgetown section, on November 16 and 18, 2024, respectively. The brand is also opening a store in Cardiff, Wales, and one in Westfield, London.
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