Jorma Kasslin reportedly died suddenly after a brief illness on April 14. Kasslin was 70 years old and had been a member of Rapala VMC’s Board since 1998, serving as chairman from 2016 to 2018 and as president and CEO from 1998 to 2016.
Author: SGB Media
Report: First Quarter Results Show Economy is Slowing but “Remains Resilient”
Economic growth slowed during the first three months of the year, but consumers are still spending more than last year, according to recent comments from National Retail Federation (NRF) Chief Economist Jack Kleinhenz.
Freaks of Nature Co-Founder Kelly Slater Launches First Products
Surfing legend and ocean conservationist, Kelly Slater, launched a new skincare brand, Freaks of Nature for the outdoor athlete. Other investors include Mike Meldman, co-founder of Casamigos Tequila and Founder of Discovery Land, and actor and filmmaker Jonah Hill.
Crocs, Inc. Delivers Solid Q1 Results but HeyDude Weighs on Outlook
For the second quarter, Crocs Brand revenues are expected to grow 7 percent to 9 percent year-over-year while HeyDude Brand revenues are forecast to contract in the high teens, or a negative range of -19 percent to -17 percent.
Crocs, Inc. Appoints New Executive VP and CFO
Susan Healy assumes the role of executive vice president and chief financial officer of Crocs, Inc. from Anne Mehlman effective June 3. Mehlman was recently appointed president of the Crocs Brand.
Surf Expo and OR Parent Posts Solid Q1 with Sales and Profits Both Up
The owner and manager of the Outdoor Retailer and Surf Expo B2B trade shows in the active lifestyle market, and other large shows and conferences, posted revenues of $133.4 million in Q1 2024, an increase of 9.1 percent year-over-year.
Titleist Drives Double-Digit Q1 Growth in U.S. Market for Parent Company
The U.S. market set the pace for the quarter with a 13 percent increase in sales year-over-year. Net sales in regions outside the U.S. decreased 8.5 percent (-6.5 percent CC), due primarily to lower sales in Korea, EMEA and Japan.
Report: Crocs Brand Acceptance with Pop Culture Continues to Grow
According to the STI: Popstats 2023 dataset, in 2018, there was a gap of more than $6K between the median household income (HHI) in Crocs’ potential market ($81.0K/year) and in its captured market ($74.7K/year). But by 2023, the median HHI of the brand’s potential market ($75.5K) and captured market ($75.9K) had more closely aligned.
New Era Celebrates 70th Anniversary of 59FIFTY with Global Events
The brand will showcase the style’s impact at the intersection of sport, fashion and culture with special collections and activations on May 9.
Nordstrom, Inc. to Open New Rack Location in Minnesota
The new 30,000-square-foot Nordstrom Rack store will be in Apple Valley, MN, and it is scheduled to open in spring 2025 in the Fischer Marketplace.
Xponential Fitness Narrows Q1 Loss as Revenues Grow in the Low Teens
The company reportedly increased first quarter North America system-wide sales 25 percent to $401.1 million with North America same-store sales growth of 9 percent, cycling growth of 19 percent in the year-ago Q1 period.
Recall: Arctic Cat Snowmobiles
Arctic Cat has received more than 200 reports of clutch failures, including six where clutch fragments hit consumers. Four of those included reports of minor foot and toe injuries.
LIV Golf Appoints Chief Marketing Officer
Adam Harter is expected to lead all marketing activities, including developing the league and team brands, growing the size and engagement of its global fan base, delivering unique and dynamic marketing initiatives for the company and its International Series.
EXEC: Black Diamond Returns to U.S. Growth in Q1, Posting DD Gain as Inventory Clears
By fall of 2025, all of our apparel and packs will be PFAS free, but there will likely be some residual PFAS inventory to clear in the first half of next year. BDE also made to exit the ski bindings business in the first quarter.
Czechoslovak Group Names CEO of CSG USA
Paul Lemke is responsible for identifying opportunities for growth and innovation and for developing strategic trade relationships with key business segments, including the U.S. Armed Forces, law enforcement and other government agencies.
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal