The emerging surf and action sports company said the transition to CEO is set for 2025. The company said Kypriotis brings over 30 years of experience in the action sports and surf industry to the role.
Category: Outdoor
Barclays Names New Global Head of Retail within Investment Banking
Cathy Leonhardt has been appointed global head of Retail within Investment Banking. She is based in New York, reporting to Lowell Strug, global head of the Consumer and Retail Grou
EXEC: Mountain Warehouse Approved as Winning Bidder in EMS Asset Sale
The terms of the pre-arranged stalking-horse bidder deal, which was originally said to be around $5 million, actually came in at double that amount. Mountain Warehouse plans to continue operating seven stores under the Eastern Mountain Sports name.
EXEC: Top Bidders Named in Asset Auction for Salt Life, Soffe and DTG2Go Brands
Salt Life, the marine apparel brand acquired by Delta Apparel in August 2013, was expected to have the biggest ticket after Delta indicated that it planned to sell certain Salt Life brand assets, but the final bid came in over one-third higher than expected.
NSGA Announces 2025 Sporting Goods Industry Hall of Fame Honorees
John Cardinal, Cardinal’s Sporting Goods; Chris Considine, Wilson Sporting Goods; and E.J. “Ned” Hamilton, Peter Glenn Ski & Sports will join 185 retailers, team dealers, manufacturers, and industry influencers who have received the NSGA award in the past since the organization founded it in 1955.
Academy Sports + Outdoors Opening Nine Stores This Fall
Academy has opened three of the new stores this year and plans to open 15-to-17 more in fiscal year 2024.
That’s a Wrap. What Was the Most Read News This Summer?
From the long Independence Day holiday weekend to the just-completed Labor Day weekend that signaled the end of another summer, SGB Media readers focused on reading about a wide variety of issues and opportunities that affected their businesses each day.
Adidas Terrex Xperior PrimaLoft Loose Fill Hooded Jacket Offers On-the-Go Versatility
“With the Xperior PrimaLoft Loose Fill Hooded Jacket, we wanted to create a product that offered premium insulation and lightweight versatility without compromising on style.” —Susanne Capell, Category Director, Adidas Terrex
SGB Media Closed for Labor Day Holiday
SGB Media will not publish the SGB Evening Newsletter on Friday, August 30, and the SGB Morning and Evening Newsletters on Monday, September 2. SGB Media will return to the office and resume newsletter publication on Tuesday, September 3.
Whyte Bikes Renews Distributor Deal for Germany and Austria
UK-Based Whyte bikes has renewed its partnership with Hawk Bike Sales GmbH, the distributor of bike brands in the German and Austrian markets.
MasterCraft Closes Brutal Fiscal Year for Boats; Sees Continued Decline in 2025
Looking ahead, the company expects consolidated net sales to be between $265 million and $300 million, with Adjusted EBITDA between $15 million and $26 million, and Adjusted earnings per share of between 36 cents and 87 cents.
Wrangler Taps Country Music’s Cody Johnson for New Line of Western Dress Shirts
Inspired by his experiences as a cowboy and performer, the collection meets Johnson’s lifestyle on the ranch and off the stage. Available through select retailers nationwide, the collection will expand in Fall 2025 to include jeans and snap shirts.
Duluth Trading Returns to Top-Line Growth in Q2 Despite Store Decline
Direct-to-consumer net sales increased by 5.6 percent to $91.7 million and Retail store net sales decreased 4.4 percent to $49.9 million, reportedly due to slower store traffic, partially offset by strong conversion rates.
EXEC: Birkenstock Shares Fall as Sales and Earnings Miss Consensus Estimates
Revenue growth reportedly benefited from increased sales of closed-toe silhouettes, which grew at over twice the brand average and closed-toe penetration increased 400 basis points year-over-year.
Walmart Building More Than A Marketplace for Sellers
Company leaders outlined category expansions, multichannel fulfillment and new features that Walmart believes will simplify selling across markets to the thousands of sellers attending its “Let’s Grow” 2024 Marketplace Summit on August 27.
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