Academy Sports To Open Store in Fredericksburg, VA
Academy Sports and Outdoors, Inc. will open its first store in Fredericksburg, VA, in the fall of 2023; this is the retailer’s second store in Virginia. The store’s footprint is over 77,000 square feet.
Adidas Ups Full-Year Guidance After Prelim Q2 Results Show Yeezy Sales Bump
Adidas now expects currency-neutral revenues to decline mid-single-digits in 2023, compared to prior guidance of a high-single-digit decline. Adi now expects to report an operating loss of €450 million in 2023 compared to the previously guided loss of €700 million.
Columbia Sportswear Company Hires Director of Strategic Accounts
Columbia Sportswear Company hired long-time Reebok and Adidas sales pro Dave Stellick as director of strategic accounts.
Adidas Outdoor North America GM Departs
Michael Kadous, North America’s senior director and GM for Adidas Outdoor, Terrex and Five Ten since March 2019, exited the brand.
Camping World Acquires Indiana RV Dealer
Camping World Holdings, Inc. reported that it will acquire Mount Comfort RV in Greenfield, IN. The dealer sells Forest River, Coachmen, Tiffin, Newmar, and Winnebago products.
Mountain Khakis Adds New Midwest Sales Agency
Mountain Khakis hired Ben Kiffmeyer and Round Lake Sales as its sales agency covering the Midwest region.
Fenix Outdoor Posts Q2 Sales and Profit Declines on Retail Inventory Issues
Sales declined 6.5 percent in what the company described as a “very challenging” quarter. Fenix is the latest to attribute sales decreases to the over-inventory position of outdoor products at retail and the retailers’ inability to refill their inventory as needed.
Canada’s Port Workers Union Recommends Labor Agreement to Members
The International Longshore and Warehouse Union Canada (ILWU Canada) plans to recommend members accept a tentative agreement to end the weeks-long strike at British Columbia’s ports, likely ending a standoff that led to a 13-day strike.
RILA Calls Potential UPS Strike “Kryptonite” for Supply Chains
The Retail Industry Leaders Association (RILA) urged a quick resolution of the stalled contract negotiations between UPS and its 340,000 workers represented by the International Brotherhood of Teamsters, describing a potential UPS strike as “kryptonite for supply chains.”
Polartec Hires New Sales Manager for Europe
Effective immediately, Polartec hired Sergi Pérez as its new sales manager for Europe.
Vista Outdoor Appoints CEO of Outdoor Products Segment
Vista Outdoor, Inc. hired Eric Nyman as CEO of the company’s Outdoor Products segment and appointed him as a board member, effective August 21. Most recently, Nyman was president and chief operating officer of Hasbro, Inc.
Mips AB Comments on Nasdaq Stockholm Disciplinary Committee’s Fine
Nasdaq Stockholm’s disciplinary committee imposed a fine on Mips AB of two annual fees, equivalent to an amount of SEK 1.7 million as a result of the company’s information disclosure procedures.
KOA: Fourth Of July Camping Levels Flat To 2022
The Kampgrounds of America, Inc. (KOA) Monthly Research Report, July 2023 Edition, outlines that more than 21.5 million households camped over the 4th of July holiday, a number on par with 2022 despite weather challenges in many regions; however, most campers (56 percent) shared that they have been postponing trips to occur later in the summer or fall.
Camping World Expands RV Inventory Floor Plan Facility
Camping World Holdings, Inc. amended its floor plan credit agreement to provide additional financial and operational flexibility for its growth strategy.
Rapala VMC Cutting Jobs, Looking for Cash as H1 Results Disappoint
Rapala VMC reported that current market conditions continue to pose challenges as the de-stocking process at the retail and wholesale levels has persisted for a longer duration than the company initially anticipated.
