A 20 percent decline in revenues for the fiscal first quarter ended November 25 was said to be primarily driven by lower unit sales related to market conditions, product mix, and higher discounts and allowances compared to the prior-year quarter, partially offset by carryover price increases related to higher motorized chassis costs.
Author: SGB Media
Canada Goose Appoints Co-President; Shuffles Other Executive Roles
Canada Goose appointed Beth Clymer to the newly created role of president, finance, strategy and administration, effective January 8, 2024. Clymer will oversee finance, people and culture, corporate strategy, and legal matters with those who drive these functions.
Peak Ski Appoints Director of Business Development and Special Projects
Peak Ski Company announced it promoted Catie Park to director of business development and special projects. Most recently, Park was the manager of Peak Ski’s retail operations. Andy Wirth, co-founder and CEO, launched Peak Ski Company, based in Bozeman, MO, in April 2022 with the former Olympic alpine ski racer Bode Miller and has since […]
Vuori Appoints Chief Marketing Officer
Vuori hired Karen Riley-Grant, previously at Levi Strauss & Co., as chief marketing officer, effective January 22.
Delta Apparel Settles with Activist Investor
Delta Apparel, Inc. agreed to appoint Timothy Brog as a new independent director to its board in a move that avoids a proxy battle with Forager Capital Management, an Alabama-based hedge fund management firm.
EXEC: Rip Curl and Oboz See Trailing 4-Month Sales Down Despite Solid Black Friday
Group sales were reportedly down 12.5 percent year-over-year for the four-month fiscal year-to-date period, reflecting “ongoing weakness in consumer sentiment.” Wholesale sales were disappointing for Rip Curl and Oboz brands.
KOA Survey Points to Interest in Winter Camping
Kampgrounds of America, Inc.’s Monthly Report for December 2023 found that approximately 33 percent of campers plan to camp in winter and 58 percent showed some interest, marking a shift toward embracing the outdoors during the colder months.
PrimaLoft Promotes Cavassa to CEO, Joyce to Retire
Compass Diversified appointed Anne Cavassa as CEO of its subsidiary, PrimaLoft Inc., effective January 1, 2024. This move follows Cavassa’s recent appointment as president and as former president and CEO, Mike Joyce, steps into retirement at year end.
The Oberalp Group Hires New PNW Sales Agency for Dynafit, Pomoca
The Oberalp Group, the parent company of Salewa, Dynafit, Pomoca, Wild Country, and Evolv, hired industry veteran Mallory Duncan and his company, Uhuru Mountain Collective, to represent Dynafit and Pomoca in the Pacific Northwest.
Peloton Appoints New Board Member
Peloton announced the appointment of Chris Bruzzo, formerly a top executive at Electronic Arts, to its board of directors. Current Board member Jonathan Mildenhall will simultaneously step down from the board to focus on his expanding professional responsibilities.
Salewa Adds Indie Sales Agency for Pacific Northwest
Salewa hired Katie Borgen and her company, Skadi Collective, to represent the brand in the Pacific Northwest (Washington, Oregon, Idaho, Montana, and Alaska).
RW Designs Acquired by Platinum Equity
Rainbow West Apparel (RW Designs), a private label house, was acquired by Platinum Equity portfolio company Hop Lun, a Hong Kong-based designer and manufacturer of undergarments and swimwear.
SFIA names Chief Operating Officer
The Sports & Fitness Industry Association hired Glenn Horine as chief operating officer, effective January 1, 2024, reporting to SFIA president and CEO Tom Cove.
Study: Retailers See Big Online Sales Declines After Closing Brick & Mortar
ICSC found that closing a store reduced online sales in the trade area surrounding that store by 11.5 percent. For emerging retailers, there was reportedly less of an impact, as online sales for largely DTC brands that closed a store decreased by 5.2 percent.
Asics Sells Haglöfs to PE Firm
Asics reported that it sold Swedish outdoor brand Haglöfs AB to the Hong Kong fund LionRock Capital, which acquired 100 percent interest in the company. Terms were not disclosed.
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