Thor Industries reported net sales for the third quarter were $4.66 billion, an increase of 34.6 percent as compared to the third quarter of fiscal 2021 due to continued strong RV demand.
Category: Outdoor
VF Corp. Debt Outlook Revised To Negative On Tax Ruling
S&P Global Ratings revised its debt ratings outlook on VF Corp. to negative from stable. The rating agency estimated VF will likely have to increase debt by more than $845 million to pay the assessed tax in order to appeal an unfavorable decision from the U.S. Tax Court regarding its post-acquisition restructuring of Timberland Co. in September 2011.
Kohl’s Debt Ratings Placed Under Review For Possible Downgrade
S&P Global Rating placed the debt ratings of Kohl’s under review with negative implications after the retailer announced that it entered into exclusive negotiations for a sale to Franchise Group, Inc.
Target Warns Of Profit Decline Over Inventory Imbalances
Target lowered its forecast for the second quarter as it plans to markdown merchandise, remove excess inventory and cancel orders in an effort to right-size its inventory levels.
Umarex USA Announces New Marketing Manager
Umarex USA announced the appointment of Scott Faldon as marketing manager.
Marc Fisher Footwear Company Licenses Earth Shoes
The Marc Fisher Footwear Company entered into a multi-year agreement to license the Earth shoe brand for men’s and women’s footwear.
Signa Sports Appoints CEO
Signa Sports United (SSU) has appointed Max Heimann as chief executive officer of the Internetstores Group. Heimann will lead SSU brands, including Fahrrad.de, Probikeshop, Addnature, and CAMPZ across Europe for SSU.
Academy Sports Q1 Tops Expectations
Academy Sports reported first-quarter results that topped Wall Street targets but the retailer still slightly lowered its outlook due to macroeconomic challenges. Ken Hicks, CEO said, “We are satisfied with our first-quarter results as the company continued to position itself for long-term growth and expansion as we executed effectively in a highly dynamic environment and against a very strong prior-year quarter.”
Camano Capital Becomes Marjority Shareholder Of Turtle Fur Brand
Turtle Fur, the outdoor brand headquartered in Morrisville, VT, announced that Seattle and Minneapolis-based investment firm, Camano Capital, has become the majority shareholder in the company.
Rocky Brands To Close Boston Office Following Cost Review
Rocky Brands, Inc. plans to close its Boston office attained via its acquisition of the lifestyle footwear business of Honeywell International, Inc. and reduce its non-manufacturing headcount related to the acquired brands by approximately 13 percent, resulting in approximately $3.0 million to $4.0 million in annualized savings.
American Outdoor Brands Adds Independent Board Member
American Outdoor Brands, Inc. announced that Luis G. Marconi has joined the company’s Board of Directors as an independent director. Most recently, he was group vice president of Grocery Products at Hormel Foods Corporation.
Gathr Outdoors Acquires WaterPort
Gathr Outdoors announced its acquisition of Vista, CA.-based WaterPort, a maker of water tanks for cleaning and rinsing camp shower equipment.
Kohl’s, Franchise Group Enter Exclusive Negotiations Over Sale
Kohl’s Corp. reported that it’s in exclusive talks with the Franchise Group over a possible $8 billion takeover.
Compass Diversified To Acquire PrimaLoft
Compass Diversified (CODI) has entered into a definitive agreement to acquire the equity of PrimaLoft Technologies Holdings, Inc., the parent company of PrimaLoft Inc., for an enterprise value of $530 million.
RYU Appoints New CFO
RYU Apparel has hired Robert Lelovic as chief financial officer.
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