Zamberlan USA Hires Director of Operations
Zamberlan USA hired Chris Rischke as director of operations. Most recently, Rischke was VP of operations and wholesale at Erem, the sustainable footwear brand.
Thule, Inc.’s Q2 Sales Fall on Continued Cycling Inventory Imbalances
Thule, Inc. reported another challenging quarter as sales fell 15 percent in the Swedish company’s second quarter. The decline was attributed to weak bike-related product sales as retailers focused on reducing inventory levels.
Water Sports Industry Association Makes Hires, Names VP of Government Affairs
The Water Sports Industry Association (WSIA), based in Orlando, promoted Lee Gatts to vice president of government affairs. The non-profit also hired Aaron Hallenberg as Northwest government affairs manager, Ethan Hellier as Midwest government affairs manager and Megan Thielfoldt as communications and marketing director.
Play It Again Sports’ Parent Sees Q2 Profits Improve Sharply
Winmark Corp., the parent of Play It Again Sports, reported earnings improved 14.9 percent in the second quarter ended July 1.
Camping World Holdings Promotes Two Execs to EVP Roles
Camping World Holdings, Inc. promoted Brenda Wintrow and William Colling, II, to executive vice president roles. The company said the appointments reflected its commitment to recognizing and developing talent from within while further strengthening its leadership team as it works toward continued growth.
Birkenstock’s Debt Ratings Upgraded on Strong Operating Performance
S&P Global Ratings raised its debt ratings on Birkenstock as the German-based footwear brand’s sales growth of close to 29 percent and S&P Global Ratings-adjusted EBITDA margin of 29 percent in fiscal 2022 outperformed the rating agency’s expectations.
New Report Finds Interest in Solo Camping Jumped in 2022
A new report published by the camping information and booking app The Dyrt found that there was a growing interest in camping alone among its community.
U.S. Trade Activity Rebounds But Global Trend Continues to Weaken
Volume of new orders and invoices exchanged between U.S. buyers and their suppliers grew at 3 points above its expected range in Q2, recovering from a level 6 points below the baseline in the previous two quarters.
Christy Sports Launches Site to Sell Used Rental Gear
Christy Sports launched an online resale marketplace called Yard Sale, accessible through its website. Yard Sale will initially feature “pre-loved” adult ski and snowboard rental equipment.
Brunswick Corp. Warns on IT Security Event Impact on Q2, Full Year EPS
Brunswick Corp. said the preliminary results are below initial expectations for the quarter due solely to the impacts of the recent IT security incident that was disclosed in June. Full-year Adjusted EPS expectations are estimated at approximately $9.50 per share.
Aspen One Names CEO
Aspen One, the newly-named parent of the Aspen Skiing Company, Aspen Hospitality and ASPENX, hired David Tanner as CEO. Previously, Tanner was the CEO of Boardriders, Inc. and a partner at Oaktree Capital Management.
EXEC: Giant Group Sales Inch Down in Q2 as June Decline Disappoints
Giant Group reported that consolidated revenue for the second quarter inched down 1.2 percent as sales in June fell in double-digits, erasing a strong start for the period.
EXEC: Anta Sports Sees Retail Sales Accelerate in Q2; Fila Up in High-Teens
Anta brand retail sales increased in high-single-digits in Q2, while Fila brand sales increased in the high teens. The All Other Brands segment posted 70 percent to 75 percent growth in the period.
Retail Sales Up Again in June Despite Slower Job Growth
The U.S. Census Bureau is reporting overall retail sales in June were up 0.2 percent from May and up 1.5 percent year-over-year (YoY). Sporting goods stores were down 1 percent MoM seasonally adjusted and down 0.9 percent unadjusted YoY.
Dutch E-Bike Maker VanMoof Declared Bankrupt
Dutch e-bike manufacturer VanMoof has been declared bankrupt in the Netherlands. The company had entered into a “suspension of payment” proceeding with court-assigned administrators last week to avoid bankruptcy proceedings while pursuing options to reduce debt, including a sale.
