Johnson Outdoors Swings to Fiscal Q1 Loss as Sales Fall 22 Percent
All segments declined in double digits, with Fishing posting the biggest decline. Net loss was $15.3 million, or a loss of $1.49 per diluted share, compared to net income of $4.0 million, or 38 cents per diluted share in the prior-year first quarter.
Berghaus Adapts Program Removes Barriers to Outdoors for Disabled
Through Berghaus Adapts, consumers can request changes to the brand’s clothing and equipment to meet their specific physical needs. The company’s product team, based in North East England, will work directly with them to develop products for use in the outdoors that have otherwise made accessibility unattainable.
EXEC: Descente, Ltd. De-Lists Common Shares from the Tokyo Stock Exchange
The company called an extraordinary shareholders’ meeting for December 25, 2024, and offered a proposal regarding a share consolidation that was approved as proposed by the company’s shareholders. As a result, the company’s shares were delisted.
Elan Sports Parent Appoints Korošec as SVP of the Company
KJK Sports, the Luxembourg-based parent of the Elan, Zegul, Tahe Outdoors, Core Kiteboarding, Baltik Vairas, and SIC brands, has appointed Melanja Korošec, a former Elan Group executive, as SVP of the company.
Cole Haan Opens Store in Flatiron District, its Third Location in New York City
The store is in a 1904 Neo-Renaissance landmark building. The company said the 1,622-square-foot retail space represents the company’s global store expansion initiative.
Nordstrom, Inc. Plans to Open New Rack Store in Lake Grove, NY
The new retail location expands the company’s physical footprint and economic impact in New York, where it currently operates five Nordstrom stores and 10 Nordstrom Rack stores, generating over 1,900 jobs statewide.
EXEC: Boot Barn Raises Fiscal 2025 Guide After Strong Holiday Season
Consolidated same-store sales increased 8.6 percent, with retail store same-store sales increasing 8.2 percent and e-commerce same-store sales increasing 11.1 percent.
Outdoor Retailer and Surf Expo Parent Re-Works Term Loan and Revolver
A portion of the proceeds of the Term Loan Facility were used to refinance all existing loans outstanding under Emerald’s previous senior secured credit facilities, and to pay costs and expenses in connection with the refinancing.
EXEC: Hoka Growth Trend Concerns Sends Deckers Brands Shares Down Double Digits
Net sales increased 17.1 percent to $1.83 billion compared to $1.56 billion in the prior-year Q3 period. On a constant-currency (cc) basis, net sales increased 16.6 percent. Analysts were expecting growth of 11.6 percent, a clear beat.
Arc’teryx Makes Three Strategic Leadership Appointments
Industry veteran Matt Bolte has been named chief merchandising officer, with Marissa Pardini as general manager and Ben Stubbington as creative director of its Veilance brand.
Chaparral and Robalo Parent’s Q4 Boat Sales Fall Sharply Again; Margins Improve
Marine Products Corporation reported that 2024 fourth-quarter net sales fell 33 percent from the prior-year corresponding quarter. The decline comes on top of a 35 percent decrease in the 2023 fourth quarter.
Tractor Supply Inks Licensing Deal with Field & Stream
Tractor Supply will launch the first Field & Stream collection in June. Over time, Field & Stream products will include gun safes, hunting blinds, deer feeders, game cameras, and more.
REI to Relocate Eugene Store to Oakway Center
The Oakway Center space will be one level and nearly 10,000 square feet larger than the current store with larger product assortments, improved dressing rooms and ample warehouse space. The 41 employees that work at the store can relocate to the new location.
EXEC: VF Corp. CEO Hints at More Cuts Ahead While Improving Processes
Bracken Darrell said the company is already working on process and organizational changes that will contribute to unlocking another $500 million to $600 million in operating income expansion, with half of that coming from SG&A expenses alone.
EXEC: VF Corp. Sees Global Strength From TNF and Timberland; Vans Improves
The parent of the Vans, The North Face, Timberland, Smartwool, Jansport and Dickies active lifestyle and street lifestyle brands, reported Wednesday that it beat third-quarter revenue and profit estimates.
