Kohl’s reported earnings in the first quarter came in well below Wall Street’s targets as same-store sales fell 5.2 percent. The retailer significantly lowered its guidance for the year.
Category: Outdoor
Patrick Frisk To Step Down From Under Armour As President And CEO
Under Armour, Inc. announced that Patrik Frisk will step down as president and CEO and as a member of its Board of Directors effective June 1, 2022. The board has initiated an internal and external search for Frisk’s replacement. Colin Browne, Under Armour’s COO, has taken the helm as interim president and CEO effective June 1, 2022.
Faxon Firearms Names New Director Of Sales
Faxon Firearms, a Cincinnati, OH-based manufacturer of rifle and pistol components, and complete firearms, appointed Jack Jameson as director of sales.
TJX Sees Q1 Sales Below Expectations
The TJX Companies, Inc. reported earnings in the first quarter topped Wall Street’s guidance, but sales were below plan, and the retailer lowered its U.S. growth guidance for the year.
EGrips Unifys Under Trango; Adds Executive Hires
Trango, the manufacturer and international distributor of technical climbing equipment, is unifying its organization and suite of climbing gear under the company name Trango, including eGrips, the climbing hold brand.
NSGA Sports Participation Report Shows Rebound From COVID-19 In Some Areas
Relaxed COVID-19 restrictions, which gave people the ability to return to some of their traditional activities in 2021, was reflected in the 10 segments tracked for the 2022 edition of the National Sporting Goods Association’s (NSGA) Sports Participation in the U.S. report.
Kappa Replaces Spyder As Outfitter Of U.S. Ski & Snowboard Team
Italian sportswear brand Kappa signed a multi-year sponsorship with U.S. Ski & Snowboard to be the official technical apparel partner of the U.S. Ski Team. Kappa replaces Spyder, which had the ski team’s apparel deal for the past 33 years.
April Sales Climb 8.2 Percent Year-Over-Year
The U.S. Census Bureau said overall retail sales in April were up 0.9 percent seasonally adjusted from March and up 8.2 percent year-over-year. That compared with increases of 1.4 percent month-over-month and 7.3 percent year-over-year in March.
ThredUP Releases 10th Annual Resale Report
ThredUP released the results of the 2022 Resale Report that predicts the U.S. secondhand market will more than double by 2026, reaching $82 billion.
St. Croix Rod Appoints Fly Brand Manager
St. Croix Rod announced the hiring of Tom Larimer as fly fishing brand manager.
Sellmark Acquires Inforce
Sellmark announced that it had acquired Inforce, a lighting solution brand designed to meet the needs of law enforcement, military, security agencies and outdoorsman.
Sportsman’s Warehouse Appoints Chief Information Officer
Sportsman’s Warehouse Holdings, Inc. appointed Sruti Patnaik as chief information officer leading its information technology efforts and building out its omni-channel capabilities. She was at Ross Stores.
Big Agnes Opens European Headquarters; Appoints International Operations Manager
Big Agnes announced the opening of its new European headquarters in Amsterdam. The Colorado-based outdoor equipment brand said it will be able to dedicate more resources to directly serve the core European markets. The office is led by International Operations Manager Fred van Drie.
Catrike Adds To Sales Team
Catrike, the maker of recumbent trikes based in Orlando, FL, added industry veterans Carlos Pereyra and Darrell Cunningham to its sales team. They join Kristin Dismuke to round out the group.
REI Appoints Chief Supply Chain Officer And General Counsel
REI Co-op announced that it hired Sylvia Wilks as senior vice president, chief supply chain officer and Minnie Alexander as vice president, general counsel and corporate secretary, effective May 23 and on May 31, respectively.
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