Outdoor Industry Association Names New President
The Outdoor Industry Association (OIA) Board of Directors named industry veteran Kent Ebersole as president after serving seven months as the organization’s interim executive director.
Rab, Lowe Alpine Names Industry Vet As U.S. Country Manager
Rab and Lowe Alpine hired industry veteran Adam Chamberlain as U.S. Country Manager responsible for domestic operations in the United States.
Primaloft Announces CFO Transition
PrimaLoft, Inc., a subsidiary of Compass Diversified, promoted Jason Kerley to chief financial officer from vice president and controller. He will transition to the position on the retirement of the current CFO, Tom Seaver.
Rack Attack Acquires Two Stores In Calgary
Rack Attack, the retailer of car racks, bike racks, rooftop tents, Overlanding, and other outdoor gear, reported it acquired two stores in Calgary, previously owned by Racks Unlimited, bringing the total number of Rack Attack stores to 38 in North America.
REI Names Chief Merchant, Chief People Officer, Co-Op Brands VP
REI Co-op hired Apple Musni as chief people officer, effective March 20. The company also promoted Chris Speyer to senior vice president and chief merchandising officer and Isabelle Portilla to vice president, Co-op Brands, effective immediately.
Topgolf Callaway Brands Completes Debt Refinancing
Topgolf Callaway Brands Corp. completed a series of related transactions in support of a comprehensive plan to refinance its capital structure. Through these transactions, the company simplified and unified its financial reporting, extended its debt maturities, and improved liquidity.
Wolverine Worldwide Announces New Board Chairman And Directors
Wolverine World Wide, Inc. reported today that its Chairman and retired CEO, Blake Krueger, will retire from the Board on May 4. Tom Long, the Board’s lead independent director, will assume the role of Chairman on May 4. The company also elected three new board members—Stacia Andersen, Jodi Bricker and DeMonty Price.
America’s Outdoor Recreation Act Reintroduced In U.S. Congress
America’s Outdoor Recreation Act (AORA) was reintroduced in the 118th Congress with strong bipartisan support, and the Outdoor Recreation Roundtable and its members across the $862 billion outdoor recreation economy urge swift approval of this bill.
National Ski & Snowboard Retailers Association Selects New Board Leadership
The National Ski & Snowboard Retailers Association (NSSRA), at its Board of Directors meeting on March 9, appointed Tracy Gibbons of Sturtevant’s (Bellevue, WA) as Chair, Robb Shepherd of Shepherd & Schaller Sporting Goods (Wausau, WI) as vice chair and Jon Morrill of Kittery Trading Post (Kittery, ME) as secretary/treasurer.
Signa Sports Fiscal Q1 Sales Up 27 Percent But Margins Suffer From Inventory Woes
Signa Sports United N.V. reported that the operating environment in the first quarter of fiscal 2023 was a continuation of the prior quarter, with depressed consumer sentiment and a promotional overstocked market, in particular in the bike category.
Academy Sports Q4 Earnings Fly Past Wall Street Targets
Academy Sports and Outdoors Inc. reported earnings on an adjusted basis increased 12.5 percent in the fourth quarter ended January 28 as lower freight costs and overall operating expenses offset a 5.1 percent decline in same-store sales. EPS easily topped analysts’ consensus estimates while sales were below.
Backpacker’s Pantry Hires VP Of Finance And Accounting
Backpacker’s Pantry hired Sarah Raizk as VP of finance and accounting.
February Retail Sales Rise 5.4 Percent Year-Over-Year
Overall retail sales dipped slightly in February, but core spending rose, according to data reviewed by the National Retail Federation.
Hydro Flask Launches Water Bottle Trade-In Program In The U.S.
Hydro Flask launched a Trade-In program that it claims is the first of its kind in the insulated water bottle category.
Sea To Summit Hires Regional Sales Directors, Promotes VP Of Sales
Sea to Summit hired two new regional sales directors, Seth Quackenbush and Brad Beanblossom and promoted Tracy Brunz to VP of sales.
