During the transition period through April 25, Stephen L. Schlecht, the company’s chairman of the Board, founder and former CEO, will assume day-to-day leadership of the company with Sato’s assistance.
Category: Outdoor
EXEC: New Kohl’s CEO Kicks Off Turnaround Effort; Sees Private Label as Key
Asked about the balance between private label and national brands by an analyst, new CEO Ashley Buchanan emphasized that the customer will ultimately determine the mix, with a focus on delivering quality and value.
NMMA 2024 Boating Report Finds Boat Owner Median Age is Now 60 Years Old
From January to December 2024, new powerboat retail unit sales fell by 9.1 percent, totaling 231,576 units, a significant year-over-year decline influenced by economic pressures and fluctuating consumer confidence.
Perfect Moment Gets NYSE American Approval on Listing Compliance Plan
The plan reportedly details the company’s strategy to regain compliance with continued listing standards for stockholders’ equity by June 11, 2026.
Solo Brands Adds Certified Turnaround Professional to Board
Peter Laurinaitis received a BS in Accounting from the University of Central Florida, an MSA in Accounting from the University of Central Florida (UCF) and an MBA in Finance from the Wharton School of the University of Pennsylvania.
EXEC: Solo Brands Ends 2024 with $12M in Cash; Sees Credit Compliance Doubtful
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.
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.
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