Subsequent to the end of the year, Solo Brands drew down $277.3 million on its revolver, which matures next year on May 12, 2026. CFO Laura Coffey said the company expects to experience difficulty remaining in compliance with the financial covenants in its credit agreement.
Category: Outdoor
EXEC: Vail Resorts CEO Lauds Season Pass for Business Stability in Q2
The strong Q2 execution was able to deliver a beat on the bottom line as EPS of $6.56 per share surpassed the Street’s consensus estimate by 25 cents per share even as the revenue line ($1.14 billion) missed by $2.36 million.
Sold Out! Campers Report Difficulty Booking Campsites in 2024
Campground alternatives exist for those unable to book a campsite at sought-after destinations. Glamping has the most availability, with 34.4 percent less difficulty than average in finding an available campsite to book.
Boyd Cycling Ramps Up U.S. Bike Rims Production as Tariffs Threaten Supply Chain
Boyd expanded its efforts in 2024 by acquiring Munich Composites, a German carbon rim manufacturer, further strengthening Boyd Cycling’s global footprint.
EXEC: Dick’s SG Shares Decline as Street Worries About Weaker 2025 Outlook
Dick’s posted a 5.2 percent comp store sales increase for the 2024 fiscal year, cycling against a 2.6 percent comp sales gain in the 2023 fiscal year. The retailer expects full-year comp sales growth from 1.0 percent to 3.0 percent for fiscal 2025.
Rural King Opens its Fifth Alabama Store in Saraland
The store carries a wide range of outdoor lifestyle and work brands, including Ariat, Browning, Carhartt, Columbia, Frogg Toggs, Henry Rifles, Huk Apparel, Keen Utility, Plano, Realtree, Remington, Under Armour, and Wolverine.
NRF Sees Import Cargo Levels Continuing to Rise Among Tariff Uncertainty
Imports from all trading partners could also be affected by a new fee the Office of the U.S. Trade Representative is considering that would levy a fee between $1 million and $1.5 million each time a Chinese-built ship docks at a U.S. port.
CNBC/NRF Retail Monitor Sees February Y/Y Retail Sales Growing But Moderating
The Sporting Goods, Hobby, Music & Book Stores segment increased 3.6 percent year-over-year, up from 2.8 percent y/y growth in January. Clothing, Footwear and Accessories Stores were up 3.8 percent in February, half the trend in January.
Wolverine Worldwide Transitions International Business to Brand Chiefs
The move will result in the elimination of the International Group president role, which has been held by Isabel Soriano since June 2021. The company and Soriano have agreed that her employment would end on March 3, 2026.
Nemo Bolsters Sales Representation in Eastern Canada
Escala Sales & Marketing’s represents outdoor brands to specialty retailers in Eastern Canada, including Patagonia, JetBoil and Sea to Summit.
EXEC: Sebago Parent BasicNet Gets DTC Lift for Positive 2024
The Turin, Italy-based parent of the Kappa, Robe di Kappa, K-Way, Superga, Briko Jesus Jeans, Sabelt, and Sebago brands said Direct sales grew 4.2 percent to €346.8 million in 2024, while Royalties fell 2.2 percent year-over-year.
Black Diamond Equipment Opens New Seattle Flagship Store
The Black Diamond flagship store offers the entire BD assortment of merchandise, including technical climbing gear and backcountry ski equipment to performance apparel and accessories, partnering with local ski shops Evo and Cripple Creek Backcountry for gear maintenance services.
EXEC: Black Diamond’s Fiske Says “No Question” Retail Prices Rise if Tariffs Hit
“At the levels most recently proposed, there is no question, prices will have to go up for consumers. The outdoor industry has absorbed inflationary pressures for too long. Prices will simply have to go up.” —Neil Fiske, President, Black Diamond Equipment
Traeger Sees Weak Q4 Accessories Sales Cut into DD Growth in Grills and Pellets
Accessories revenues decreased 24.1 percent to $60.0 million, primarily driven by lower sales of Meater smart thermometers, partially offset by higher sales of Traeger-branded accessories. Grill revenues increased by 30.2 percent.
EXEC: VF Corp. Shares Fall Following Investor Day Part 2
Presentations during the meeting were conducted by the brand presidents from The North Face, Timberland, Dickies, Altra, and Vans who outlined key strategic objectives for each brand as well as the Emerging Brands segment.
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