EXEC: Vista Inks Deals to Sell Revelyst and The Kinetic Group Separately
Vista Outdoor Inc. entered into a definitive agreement to sell its Revelyst outdoor segment to funds managed by Strategic Value Partners and amended its merger agreement with Czechoslovak Group (CSG) to acquire The Kinetic Group ammunition-related segment.
Salomon Opens Pop-Up In New York City, Plans Store Openings
The brand’s first store in SoHo, will serve as a test for Salomon as it plans to open five stores in 2025, beginning with a permanent space in New York City.
Manufacturing PMI Report Sees U.S. Contraction; Textile Mills Posted Sept Growth
Seventy-seven percent of manufacturing gross domestic product (GDP) contracted in September, up from 65 percent in August. Textile Mills were one of only five manufacturing industries reporting growth in September.
U.S. Port Workers and Operators Reach Deal to Suspend East Coast Strike
In a joint statement on the evening of October 3, the ILA and USMX reached a tentative agreement on wages and extended the group’s “Master Contract” until January 15, 2025, when they will return to the bargaining table to negotiate all other outstanding issues.
Thermore Invisiloft: High Warmth with Minimal Thickness
Thermore Group, a Milan-based manufacturer of thermal insulation alternatives for performance apparel since 1972, has launched Invisiloft, a slim insulation that combines “exceptional warmth with unprecedented thinness.”
Puma #Know Your Stuff: Real leather vs Vegan Leather Debate
The educational content series from Puma explores the conversation surrounding manufacturing goods with leather versus vegan leather and the environmental impact of each, created with input from Aishwarya Sharma, a Puma “Voices of a Re:Generation” and global goals ambassador.
Report: Growing Participation Rates Supporting Outdoor Rec Sales and M&A
Capstone suggested that financial performance across the sector is expected to improve as firms work through excess inventories, limit promotion activity, and mitigate margin pressures.
Mavic Promotes François Joly to Head of Sales
Joly will oversee all commercial activities, including OEMs, which he previously led, and the sales teams responsible for aftermarkets and distributors.
Academy Sports’ Debt Ratings Raised by S&P
S&P Global Ratings raised Academy Sports And Outdoor Inc.’s debt rating because the retailer has sustained S&P’s adjusted leverage well below the 2x area despite modest EBITDA margin contraction.
MarineMax Look Ahead: Earnings Could Take Hit from Hurricane Helene
The recreational boat, yacht and superyacht services company now forecasts fiscal year 2024 adjusted EBITDA in the range of $155 million to $190 million, down from an adjusted EBITDA of $239.5 million in 2023.
Field & Stream Lodge Co. Opens First Location in Bozeman
Starwood Capital Group and A.J. Capital Partners created the lodge concept with plans to target cities near national parks, mountains and ski towns for future hotels, with Field & Stream Bozeman serving as the flagship location.
REI to Close Again on Black Friday, Encourage ‘Nature Therapy’
REI Co-op will again close all stores, distribution centers, activity centers, call centers, and headquarters on Thanksgiving and Black Friday Outdoor and pay its employees to spend the day outside.
GSM Outdoors Acquisition by Platinum Equity is Finalized
GSM Outdoors, headquartered in Irving, TX, owns over 50 outdoor brands. Previous owner Gridiron Capital acquired GSM in 2020. CEO Eddie Castro will continue to lead the company.
Dick’s SG to Hire Fewer Seasonal Workers This Year
The retailer plans to hire nearly 8,000 seasonal workers for this year’s holiday season, a step back from the 8,600 planned hires in 2023. A steady decline in employee turnover since 2021 led DKS to a decrease in the number of seasonal workers this year.
DOD Outdoors Hires Two Indie Outdoor Industry Sales Groups
Japan-based camping brand DOD Outdoors has engaged Clear Creek Reps and White Fish Trading Company as its new sales reps covering the Rockies and Midwest regions.
