SGB Executive

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.

EXEC: Osprey and Hydro Flask Both Expanding Product Ranges and Distribution

Osprey should strengthen internationally with growth in the EMEA and APAC on demand for travel packs, while the U.S. will expand in sporting goods. For Hydro Flask, it’s all about color and configuration in the U.S. while expanding in tge EMEA through Osprey’s distribution footprint.

EXEC: Johnson Health Tech Retail Finalizes Bowflex Acquistion

Johnson Health Tech Retail intends to fold the existing BowFlex and Schwinn operations into its North American sporting goods/e-commerce group. The company reported that BowFlex will complement its team with experts from the BowFlex organization.