At its 2022 Investor Day in Denver, CO, VF Corp. will introduce its fiscal year 2027 (FY27) long-term strategic growth plan that calls for sales to climb mid- to high-single-digit percent in constant dollars on average over the next five years with faster earnings growth. VF also downwardly revised its FY23 outlook due partly to lower-than-expected current quarter results.
Category: Outdoor
Buck Knives Hires Director Of Engineering
Buck Knives, based in Post Falls, ID, hired Drew Stephens as director of engineering and new product development.
Thor Industries Sees Q4 Sales Expand 6.4 Percent
Profits at Thor Industries, Inc. climbed 22.0 percent in the fourth quarter ending July 31 as sales for the manufacturer of recreational vehicles rose 6.4 percent and gross margins improved 90 basis points.
Pearl Izumi Trims Staff, Plans To Sell Colorado Headquarters
Pearl Izumi has eliminated an undisclosed number of jobs from its Louisville, CO headquarters, and its parent company, United Sports Brands, plans to sell the building, according to a report from the BusinessDen.
Samsonite’s Debt Ratings Upgraded By S&P
S&P Global Ratings upgraded the debt ratings of Samsonite International S.A. to ‘BB-‘ from ‘B+’ as the luggage company’s sales recovered through the first half of fiscal 2022, and modest continued global travel upside is expected to improve performance through 2023.
TriWest Capital Acquires Northern Lite Truck Campers And Off Grid Trailers
TriWest Capital Partners, based in Calgary, Canada, announced that it entered into a partnership with Northern Lite Truck Campers and Off Grid Trailers, forming Outdoor Adventure Group, a recreational vehicle manufacturer and distributor.
Academy Opens First Store In Lexington
Academy Sports + Outdoors announced opening its first store in Lexington, marking its sixth in Kentucky.
Downlight Outdoor Expands Canadian Processing Facility
Downlite Outdoor, a division of Downlite, a down and feather processor and supplier of responsibly sourced performance fills to the outdoor, home furnishings, and hospitality markets, expanded its facility by 50 percent in Mississauga, Canada.
August RV Shipments Slide
Results for the RV Industry Association’s August 2022 survey of manufacturers determined that total RV shipments ended the month with 33,783 units, a decrease of 36.0 percent compared to the 52,819 units shipped in August 2021.
Eddie Bauer Appoints CEO
Sparc Group announced that Tim Bantle is joining the company as CEO of Eddie Bauer. Most recently, Bantle was GM of VF Canada, leading the company’s local outdoor and action sports platform. Before VF Canada, Bantle held leadership positions at The North Face, Black Diamond Equipment and Patagonia.
Christensen Arms Hires EVP, Marketing
Christensen Arms hired Willie Vernon as its executive vice president of marketing.
Headrest Safe Appoints Chief Manufacturing Officer
The Headrest Safe Company, LLC said Jeff Naranjo accepted the position as chief manufacturing officer overseeing the company’s manufacturing processes, its sources, suppliers and vendors.
Amazon Adds Second Prime Shopping Event In October
Amazon added a Prime-exclusive two-day shopping event in October. Its “Prime Early Access Sale” is for Amazon Prime members offering Black Friday-like deals from October 11-12.
IBEX 2022 Cancelled Due To Severe Weather
The International BoatBuilders Exhibition and Conference (IBEX) has been canceled due to threats from Hurricane Ian. The event had been scheduled to take place at the Tampa Convention Center in Tampa, FL from September 27-29.
Bass Pro Plans Store For Grand Prairie, TX
Bass Pro Shops announced plans to open a store in Grand Prairie, TX, serving the southern portion of the Dallas metro area. The 100,000-square-foot store, expected to open in the spring of 2024, will be the outdoor retailer’s fifth location in the region and 15th in Texas.
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