EXEC: Birkenstock Files for IPO
Birkenstock Holding filed for an initial public offering with the U.S. Securities and Exchange Commission. The filing shows revenues increasing to €1.24 billion ($1.33 bn) in FY22 from €727.9 million in fiscal 2020, a 31 percent two-year CAGR (compound annual growth rate).
Helly Hansen, SportChek Parent Prices Private Placement Notes Offering
Canadian Tire Corporation, Ltd. intends to use the net proceeds from the offering and sale of the Notes for the repayment of short-term borrowings and general corporate purposes.
Outdoor Writers Association of America Honors Key Members
OWAA selected six association members as recipients of the organization’s most prestigious awards. The honorees were announced at the OWAA’s annual conference in Gulf Shores, AL.
Lazydays Holdings Files S-1 for Rights Offering for Shareholders
The net proceeds of the offering will be used for company growth initiatives including acquisitions and new business development activities and general corporate purposes, which may include repaying or refinancing existing or future debt facilities.
Rocky Brands Sees Newly Hired CFO Resign and Exit
SVP, Chief Financial Officer and Treasurer Sarah O’Connor has resigned from her position with the company, effective immediately. She joined the company in mid-February.
Cardo Systems Names New N.A. Sales Manager for Outdoor Sports
Erika Gurnett will be tasked with overseeing and building awareness with outdoor specialty retail stores, buying groups, national accounts, and e-commerce platforms across the U.S. and Canada.
Nordstrom Rack to Open New Store in San Diego
With this new location opening in Fall 2024 and to other announced store openings, Nordstrom will operate 68 Nordstrom Rack stores, 22 Nordstrom stores, 5 Nordstrom Locals, and one asos | Nordstrom in California.
The Rossignol Group Names VP Direct-to-Consumer
Daniele Milani joins the Group to continue “accelerating the growth of its DTC business, aiming at progressing from “10 percent to more than 15 percent of revenues by 2026.”
EXEC: Active Lifestyle Retail Weathers Rough Second Quarter Waters
Although a few retailers outperformed in the second quarter, big names in the active lifestyle space fought through a challenging quarter amid promotional pressures, retail theft and the consumer’s continued shift away from discretionary purchases.
Academy Sports Opens First Store in Brenham, TX
Academy Sports + Outdoors announced it opened its first store in Brenham, TX, with a grand opening planned from September 15-17.
Pelican Products Appoints James Curleigh as CEO
The maker of protective cases, coolers, outdoor accessories, and temperature-controlled packaging, appointed James Curleigh as CEO. The outdoor industry veteran was, most recently, CEO of Gibson Guitars.
Zanders Sporting Goods Appoints President/COO and Director of Procurement
Zanders Sporting Goods promoted Dan Siegler to president and chief operating officer and Luke Poston to director of procurement.
NRF Now Sees 2023 Retail Sales at Low End of Earlier Forecast
The March forecast called for 2023 retail sales to increase between 4 percent and 6 percent over 2022; however, the Fed’s interest rate increases slowed the economy and the NRF believes there is a good chance that sales will end up in the lower range of the forecast, if not lower.
NRF: Import Cargo Volume Could Hit 2 Million TEU Three Months in a Row
Import cargo volume at the nation’s major container ports is expected to hit the 2 million Twenty-Foot Equivalent Unit (TEU) mark for the second consecutive month in September and remain there in October.
VF Corp. Loses Appeal On Tax Dispute Tied to Timberland Acquisition
VF reported in a regulatory filing that The U.S. Court of Appeals for the First Circuit decided in favor of the IRS in a tax issue connected to its acquisition of Timberland in September 2011.
