Fourth-quarter Resort Reported EBITDA declined from the prior year and expectations, primarily driven by underperformance in the Australian winter business. During Q4, snowfall at the company’s Australian resorts declined 28 percent from the prior year and was 44 percent below the ten-year average.
Author: SGB Media
Vail Resorts to Cut 14 Percent of Corporate Workforce in Transformation Plan
After ten years of expansion, Vail Resorts has published a two-year Resource Efficiency Transformation Plan (Plan) to continue its rapid growth and global expansion.
EXEC: The Pro’s Closet to Shutter in October After 18-Year Run
Deeper than usual discounts on bike and gear this week were seen as end of season sales, but when opening the site on Thursday, September 26, it was clear the end had come for the 18-year effort to make cycling accessible to more people.
EXEC: Rip Curl and Oboz Parent KMD Posts Double-Digit Decline for Fiscal Year
Rip Curl total sales decreased 7.3 percent y/y to NZ$538.9 million, Oboz sales decreased 20.0 percent y/y to NZ$79.4 million, and Kathmandu total sales decreased 14.5 percent to NZ$361.1 million for the year.
Asics Global State of Mind Study: The Desk Break Experiment
Asics enlisted actor Brian Cox to take on the role of the world’s scariest boss to highlight the real threat to our mental health—the desk we work at every day. Asics Global Study found tour mental state starts to decline after only two hours of continuous desk-based working, but just 15 minutes of exercise can help to reverse the effects.
The Curling Group Raises $5 million in Seed Funding to Expand the Sport
The company said the rise in curling’s popularity is reflected in the interest of pro athletes and celebrities, including former NFL star Jared Allen and current NFL players George Kittle and TJ Hockenson, who are part of The Curling Group’s initial investors.
OxeFit Adds Additional Investors on Path to Expand AI-Driven Fitness Programs
The company said that with continued interest from entrepreneur and pro-athlete investors, it will use the new funds to further deliver on its commitment to bring AI to its health and fitness platform.
FluidLogic Investors Look to Expand Hydration Systems to Consumer Categories
The company said this investment will fund new product development and innovation for consumer products in the adventure sports and outdoor endurance categories expected to be available in early 2025.
L Catterton Acquires Majority Stake in Solidcore Fitness Studios
The investment firm has acquired Solidcore, a national network of fitness studios providing targeted strength training on custom-built reformers, from VMG Partners, Kohlberg & Company, and Peterson Partners.
Thorogood Brand Parent Breaks Ground on New Wisconsin Facility
Weinbrenner Shoe Company, Inc., the parent company of the Thorogood brand, is breaking ground on a new state-of-the-art facility in Marshfield, WI.
Puma Appoints Markus Neubrand as CFO
Markus Neubrand replaces current CFO Hubert Hinterseher, who has mutually agreed to step down on September 30, 2024. He will leave the company on December 31, 2024, after successfully transitioning his duties to Neubrand.
American Outdoor Brands Board Approves Share Repurchase Program
The program follows the company’s prior share repurchase program approved last year, which authorized the repurchase up to $10.0 million of AOUT shares that resulted in 412,735 shares repurchased at an average price of $8.70 per share, or roughly $3.6 million in the aggregate.
Selle Italia NA Adds Indie Sales Reps, Launches B2B and Expands OEM Inventory
The Italian bicycle saddle brand has added two new reps in the U.S. market, one each in New England and the Southeast, and expanded another territory to service all of Northern California.
Peak Performance Skiwear Hits the Starting Gate in U.S. Launch
The Scandinavia-based performance apparel brand owned by Amer Sports, launched this week in the U.S. Along with Arc’teryx, the outdoor and ski wear brand is part of Amer’s Technical Apparel segment.
Nordstrom to Open New Rack Store in Holbrook, NY
The 27,000-square-foot store will be located in The Shops at SunVet which includes a Starbucks and Whole Foods Market, owned and managed by Regency Centers.
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