SGB Executive Outdoor
EXEC: Coleman, Marmot Parent Shrugs Off Tariff Impact as Q1 Beats Estimates
On a quarterly call Wednesday, Chris Peterson, CEO of Newell Brands, parent of Coleman, Marmot and other outdoor brands, said he expects the company to be able to largely withstand and possibly benefit from a higher-tariff environment while predicting a larger decline in core sales for the year.
EXEC: Authentic Inks New ANZ Licensing Partner for Former Boardriders Brands
Authentic said the move secures the future of over 200 branded retail stores, wholesale and e-commerce platforms, and ongoing success for Quiksilver, Billabong, Roxy, RVCA, DC Shoes, Element, VonZipper, Spyder, and Volcom.
EXEC: Big 5 CEO Expects Little Near-Term Tariff Impact Due to Early Q2 Receipts
Second quarter-to-date sales are reportedly down in the high-single-digit range, in part reflecting an approximate negative 400 basis point impact from one less sales day in the period-to-date due to the Easter calendar shift.
EXEC: Rocky Brands CEO Sees Tariff-Based Price Increases Coming in June
The Xtratuf brand continues its recent momentum and delivered another exceptional quarter with double-digit growth in Q1, with the most popular new spring styles being the women’s duck camo and ivory colored ankle deck boots.
EXEC: Nordic SG Retailer XXL Returns to Growth in Q1 Despite Weather Issues
The general availability of products improved in the quarter, said to be driven by increased quantities of products on lower price points, especially within Private Label. The inventory was stable in value at quarter-end.
EXEC: Thule Group’s Organic Sales Dip in Q1; Lays Out More U.S. Market Changes
Thule Group CEO Mattias Ankarberg announced that Thule is implementing price increases in North America to offset cost increases from the newly imposed tariffs, even though the company has two of its own factories in the U.S.
EXEC: William Blair Tackles Tariff Realties in Latest Management Survey
Blair said that for now, the best solution seems to be a well-diversified supply chain across multiple jurisdictions, potentially with built-in redundancies to allow for nimbleness.
EXEC: Woom Boasts 40 Percent Premium Bike Sales Growth in Q1
Kasper Rørsted, the former Adidas CEO and chair of the Board at Woom, is now helming a growth company boasting double-digit growth in established countries and 50 percent growth in the Nordic countries, the UK and the Benelux.
EXEC: Mips AB Sees Strong Growth Continue in Q1; Sports Helmets Up 40 Percent
The helmet technology company delivered growth in the Bike sub-category, Mips’ largest sub-category, for the sixth quarter in a row. The company also saw continued growth in the Snow sub-category despite a relatively weak winter season in several geographies.
EXEC: Osprey Grows, Hydro Flask Falters in Q4; Parent to Pause China Goods
CFO Brian Grass said the company is pausing all China purchases in the short term with a few exceptions and expects over 60 percent of U.S.-bound goods to be sourced outside China by the end of fiscal 2027.
EXEC: Shimano Posts Solid Q1 Results, Led by DD Growth in Bicycle Components
North American market retail sales of completed bicycles remained weak, but market inventories were said to return to “appropriate levels.” In fishing tackle, North American market sales were flattish to Q1 2024 due to unfavorable weather.
EXEC: NYSE Hits Solo Brands with Trading Suspension
The company reported in a Form 8-K report that it expects Class A Common Stock to be quoted for trading on the OTC Pink Market. Solo Brands noted that the transition to the OTC Pink Market will not affect the company’s business operations, relationships with partners, suppliers, employees, or its SEC reporting obligations.
EXEC: Head Group Set to Acquire Aqualung Group in Move to Dominate Dive Market
Victor Vadaneaux has been appointed CEO of Aqualung Group to ensure a smooth transition and integration. He has been a member of the group’s Supervisory Board and an advisor to the company since 2024.
EXEC: Wall Street Reacts to Tariff News but Port Traffic Decline May Reflect a Sad Reality
The Dow and the S&P 500 both bounced on April 22 after U.S. Treasury Secretary Scott Bessent, Trump’s primary negotiator on tariff deals, said that he believes the Administration’s ongoing tariff war with China will de-escalate soon because the rift is not sustainable.
EXEC: Thule, Inc. Files Warn Notice to Eliminate 22 Positions in Colorado
The Sweden-based maker of rack systems and bags for active lifestyle activities indicated in its WARN Notice filing that the reason for the 22 terminations was “closure.”
