Second quarter results were said to be consistent with the retailer’s guidance range, as “customers continue to feel the ongoing and cumulative impact of inflationary pressures on their discretionary spending.”
Category: Outdoor
Rocky Brands Trims Q2 Loss as Sales Slip 1.6 Percent
Rocky Brands Inc. reduced its loss in the second quarter ended June 30 with the aid of higher gross margins and lower expenses. Sales in the period were down 1.6 percent, but grew 6.1 percent adjusted for the divestiture of the Servus brand.
Report: Wildfires Increasingly Disrupt Camping Plans
With over one hundred wildfires burning across Oregon alone and several air quality advisories issued, officials have closed almost 50 of the state’s most popular hiking and camping sites disrupting the camping and outdoor industries for the foreseeable future.
JD Sports Warehouse Workers in England Face Job Cuts
“Around 200 workers” are impacted, as one staff member said that the consultation period should be concluded by September 6. JD Sports’ nearby distribution center in Rochdale (Kingsway), England, is not affected.
Vista Outdoor Cancels CSG Deal Vote Again; Will Look at Other Options
Adjourned its shareholder vote on the sale of the Kinetic Group, its ammunition business, to the Czechoslovak Group (CSG) to pursue a more extensive review of “strategic alternatives,” including a sale of its Revelyst outdoor products business and selling the company outright to MNC Capital.
EXEC: Shimano Sees Continued Headwinds Drive H1 Sales and Profits Lower
The company said that demand for bicycles and fishing tackle continued to be weak and reported net sales decreased 17.6 percent year-over-year in the first half. Second quarter sales were down 15.2 percent.
Omega Capital Closes Investment in New Fund
The strategy for Fund II is expected to largely follow that of Fund I, investing $3 million to $10 million in growth equity or buyout transactions in Oklahoma and surrounding states in healthcare, outdoor products and aviation.
Rambo Bikes Taps Indie Sales Agency for Western U.S.
Leisure Sales will represent Rambo Bikes across key territories, including California, Oregon, Washington, Nevada, and Arizona.
L Catterton Appoints Global Head of Sustainability
Devon Leahy joins the company from Ralph Lauren, where she was the global head of sustainability for the past five years. Previously, she held senior strategy and sustainability-focused roles at Etsy and Walmart
Reebok Secures Outerwear Licensee for the UK and Europe
Authentic expanded its partnership with Focus Brands to include designing, manufacturing and distributing Reebok-branded outerwear across the UK and Europe for men, women and kids.
EXEC: Investor Pressure Builds on Vista Outdoor Ahead of Ammo Sale Vote
Investor groups from the two sides of the vote scheduled for July 27 have been making their preferences known, and analysts and advisors have weighed in with their views. After rescheduling a vote three times, tomorrow is V-Day.
Outdoor Recreation Roundtable Appoints Three to Board of Directors
ORR appointed attorney and Native American advocate Charles W. Galbraith, HR and DEI specialist Chandria Harris and Renee Jones, vice president of marketing for Thor Industries, to its Board of Directors.
Alterra’s Schweitzer Operation Acquires Selkirk Powder Business
Selkirk Powder’s guided backcountry snowmobile and cat ski operation operates adjacent to Schweitzer with an additional 4,350 acres of skiable terrain from the backside of the resort.
Scott USA Appoints Chief Operating Officer
In his new role, Jake Dudek will oversee teams across finance, operations and e-commerce, driving commercial strategy and operations for Scott’s portfolio of sporting equipment brands in the USA.
Bass Pro Shops Plans to Open Fifth Minnesota Location
The 70,000-square-foot space, which will be on Haines Road in Hermantown, accessible via U.S. Highway 53, is due to open in the first half of 2025.
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal