Vail Resorts Posts Wider Fiscal Q1 Loss on Australian Weather Woes, N.A. Expenses
Mountain segment net revenue decreased 14.5 percent to $172.5 million for the first quarter, said to be primarily driven by the company’s Australian ski areas, which experienced weather-related challenges that impacted terrain in the current year, compared to record visitation and favorable snow conditions in the prior year.
Adventure Wagon Introduces Gear Shop and Ox Box
The builder of modular camper vans, launched a gear shop for outfitting vehicles, including branded apparel to sleep systems, camping gear, power options, and storage solutions, and released its stackable Ox boxes for outdoor adventures.
Backpacker’s Pantry Names Vice President of Operations
Backpacker’s Pantry and Astronaut Foods promoted Kris Luikart to vice president of operations. Luikart brings ten years of experience in planning and operations in the food industry to the position.
Backcountry Renews Utah Avalanche Center Partnership
Content creation is reportedly part of the agreement, leveraging Backcountry’s channels and building on its video library.
EXEC: Sports Direct Gets Fiscal H1 Boost from New Brands
Frasers Group reported retail revenue increased 4.0 percent in the first half ended October 29 to £2.69 billion ($3.4 bn), helped by a “strong underlying performance” from Sports Direct due in part to the addition of new brands, including On Running, The North Face, Columbia Sportswear and Salomon.
Winchester Launches Pet Products Line
Winchester Ammunition, a subsidiary of Olin Corp., introduced a line of pet products, the Winchester Signature series, and a brand called King Buck for U.S. consumers.
Tanger Acquires First Open-Air Lifestyle Center
Tanger acquired Bridge Street Town Centre in Huntsville, AL for $193.5 million using cash on hand and available liquidity. Management expects the center to deliver a first-year return in the mid-eight percent range, with potential for additional growth over time.
Pura Vida’s Q3 Revenues Fall 18 Percent
Pura Vida’s revenues totaled $17.7 million in the third quarter, an 18.3 percent decrease year-over-year, according to the bracelet brand’s parent, Vera Bradley, Inc. Declines within wholesale and e-commerce channels were only partly offset by higher retail sales.
Eagle Creek Updates NMW Duffel for 2024
The company said the minimalist form of the redesigned Duffel delivers “everything the traveler needs in functional simplicity.”
Pierer Mobility to Divest Felt Bicycles, R Raymond Brands
Pierer Mobility reported it will sell the Felt Bicycles and R Raymon bike brands as part of a divestment of its non e-bike business. to enable the Austrian-based company to focus on its core e-bike and motorcycle brands.
ICSC Board of Trustees Elects New 2024 Chair and Vice Chair
The ICSC Board of Trustees elected Jim Taylor, president & CEO, Brixmor Property Group, to serve as ICSC’s chairman and Angele Robinson-Gaylord, SVP, store development americas, Starbucks, to serve as vice chairman for the 2024 term.
Haro Bikes Adds Senior Engineer
Haro Bikes hired Ty Buckenberger as senior engineer to develop new bikes as the brand expands into new categories this season.
Lands’ End Posts Wider Q3 Loss on Double-Digit Sales Decline
Third quarter net revenue decreased 12.5 percent to $324.7 million and the net loss was $112.4 million, or $3.52 loss per diluted share, compared to net loss of $4.7 million, or 14 cents loss per diluted share, in the third quarter of fiscal 2022.
Clarus Sees Potential Recovery of $46 million from Shareholder Derivative Lawsuit
Clarus Corp. reported it sees the potential recovery of $46.2 million related to a lawsuit it filed against HAP Trading, LLC and Harsh A. Padia regarding the recovery of short-swing profits in violation of securities laws.
The Microfibre Consortium Shuffles the Leadership Deck
Research Director Dr. Kelly Sheridan, who is also an Assistant Professor in Forensic Science (Textile Fibers) at Northumbria University, will reportedly step into the CEO chair, while Founding Director Sophie Mather will transition from the Board of Director to an advisory role, supporting “the continuity of the topic and the organization.”
