SGB Executive Apparel

EXEC: Fenix Outdoor Sees Q1 Sales Decline, but DTC Shines

Brands segments, which includes Fjällräven, Royal Robbins, Hanwag, and Fenix Outdoor, had sales of €45.2 million in the first quarter, falling 14.9 percent from €53.1 million in the prior-year first quarter.

EXEC: REI Co-Op Sales Ticked Lower in 2023; Loss Widens

REI reported that three factors largely drove the loss: its commitment to continue investing in hourly employee pay, its commitment to providing a member reward and a $169 million non-cash valuation allowance against its deferred tax assets.