Outdoor Retailer

Walmart Laying Off Thousands Of Warehouse Employees

Mar 23, 2023SGB Updates

Walmart is laying off hundreds of employees at its e-commerce fulfillment centers nationwide. The company said it made the cuts “to better prepare for the future needs of customers.” (Read More)

Hest Adds Sales Agency For Rocky Mountain Region

Mar 23, 2023SGB Updates

Hest hired Redline Sports Group as a brand partner to expand its field teams in the outdoor specialty retail channel. (Read More)

Manufacturers Report: Active Lifestyle Market Grew 4.3 Percent In 2022

Mar 23, 2023SGB Updates

Product sales in the sporting goods, fitness and related recreation markets grew 4.3 percent last year, building on record sales growth in 2021, according to the Sports & Fitness Industry Association’s 2023 Manufacturers Sales by Category Report. (Read More)

Report: Sports Direct Eyes Merger With France’s Go Sport

Mar 23, 2023SGB Updates

Frasers Group Plc, the parent of Sports Direct and House of Fraser, is reportedly exploring acquiring France’s Go Sport chain out of insolvency as part of a broader plan to expand in Europe. (Read More)

Bass Pro To Open Store In Midland, Its 17th In Texas

Mar 23, 2023SGB Updates

Bass Pro Shops reported plans to open a new store in Midland, TX in late 2024, the retailer's 17th store in the state. (Read More)

Kitsbow Cycling Apparel To Close

Mar 22, 2023SGB Updates

Kitsbow, the manufacturer of cycling apparel and accessories based in Old Fort, NC, is closing after being unsuccessful in securing funding, CEO David Bilstrom said in a post on Kitsbow.com. (Read More)

Winnebago’s Q2 Revenues Decline 26 Percent As RV Demand Crashes

Mar 22, 2023SGB Updates

Winnebago Industries Inc. reported profits were down 42.1 percent in the fiscal second quarter ended February 25 as sales retreated 25.6 percent. Sales of of towables tumbled 47.0 percent due to softening RV demand following peak selling in the earlier stages of the pandemic. (Read More)

Alterra Mountain Co. Lays Out Capital Investment Plan Worth Nearly $500 Million

Mar 22, 2023SGB Updates

Alterra Mountain Company outlined a nearly $500 million capital investment program focused on enhancing the guest and employee experience across its destination resorts over the next year. (Read More)

Topo Designs Receives Growth Investment From Gart Capital Partners

Mar 21, 2023SGB Updates

Topo Designs reported a significant equity investment from Gart Capital Partners, a family investment company headquartered in Colorado, marking the first time the brand has taken outside funding since its founding in 2008. (Read More)

Newell Brands Debt Ratings Downgraded

Mar 21, 2023SGB Updates

S&P Global Ratings lowered its debt ratings on Newell Brands Inc. as the company's earnings and cash flow guidance for fiscal year 2023 has come in significantly weaker than previous expectations because of weak macroeconomic conditions and continued inflationary pressures. (Read More)

Walmart Laying Off Thousands Of Warehouse Employees

Hest Adds Sales Agency For Rocky Mountain Region

Manufacturers Report: Active Lifestyle Market Grew 4.3 Percent In 2022

Report: Sports Direct Eyes Merger With France’s Go Sport

Bass Pro To Open Store In Midland, Its 17th In Texas

Kitsbow Cycling Apparel To Close

Winnebago’s Q2 Revenues Decline 26 Percent As RV Demand Crashes

Alterra Mountain Co. Lays Out Capital Investment Plan Worth Nearly $500 Million

Topo Designs Receives Growth Investment From Gart Capital Partners

Newell Brands Debt Ratings Downgraded

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