Moncler SPA’s Q1 Sales Expand 23 Percent
Moncler S.p.A. reported sales grew 23 percent on a reported and currency-neutral basis in the first quarter with healthy double-digit growth in the DTC channel at the Moncler and Stone Island brands.
SidelineSwap Secures Investment From eBay
SidelineSwap, the online marketplace for new and used sporting goods, announced a strategic investment from eBay Ventures, the corporate venture arm of eBay, Inc., and follows an investment in November 2022 from DSG Ventures, the corporate venture arm of Dick’s Sporting Goods.
REI Chicago Employees Vote To Unionize
The Retail, Wholesale and Department Store Union (RWDSU), announced Thursday that, by an overwhelming majority vote of nearly 84 percent, workers at REI, Inc. in Chicago, IL, voted to join the RWDSU, making this the fourth unionized REI store in the country.
Johnson Outdoors Fiscal Q2 Profit Up On Sale Of Military And Commercial Tent Business
Johnson Outdoors, Inc. reported total company net sales increased 7 percent to $202.1 million in the fiscal second quarter ended March 31. Operating profits declined for the period but were offset by a gain on the sale of the Military and Commercial Tents product lines in the Camping segment.
Recco Hires North American Sales Manager
Recco, the manufacturer of advanced rescue technology, hired Billy Treacy as North American sales manager as it continues its expansion into the North American market and four-season usage.
Fox Factory Powered Vehicles Group Offsets Sharp Drop In Q1 Specialty Sports Group Sales
Fox Factory Holding Corp. reported that sales for the first quarter of fiscal 2023 were $399.9 million, an increase of 5.8 percent. The increase reflects a 35.0 percent increase in Powered Vehicles Group sales and a 30.0 percent decrease in Specialty Sports Group sales.
Fox Factory Holding Corp. Hires First Chief Accounting Officer
Fox Factory Holding Corp. hired Brendan Enick as its first chief accounting officer. He has over 16 years of experience in the accounting industry.
NSGA’s 2023 Participation Report Sees 7 Of 10 Segments Showing Growth
Analysis of the National Sporting Goods Association’s (NSGA) Sports Participation in the U.S. report revealed that seven segments increased in participation in 2022, two segments remained relatively flat and one segment decreased compared to 2021.
Report: One In Five Campers Affected By Flooding And Natural Disasters In 2022
The Dyrt, an app for camping information and booking, found in its 2023 Camping Report that 18.1 percent of campers changed or canceled plans due to flooding and natural disasters last year. Many campers will be facing a similar situation this year, especially in California where the Sierra Nevada snowpack is the second highest on record since 1950 and 80 percent of it has yet to melt.
Hest Adds Sales Representation For Pacific Northwest
Hest reported that it partnered with Yukon Trading Company for sales representation in the Pacific Northwest region.
Wrangler And Lee Parent Sees U.S. Sales Growth Offset By China Declines
Kontoor Brands, Inc., led by Wrangler and Lee brands divested by VF Corp., saw strength in domestic wholesale and direct-to-consumer (DTC) more than offset by decreases in International wholesale, primarily driven by the continued impacts of COVID-policy changes in China.
Solo Brands Swings To Q1 Profit As Sales And Margins Expand
Solo Brands, Inc. saw net sales increase 7.3 percent to $88.2 million in the first quarter from $82.2 million in the first quarter of 2022. The increase was primarily driven by new strategic partnerships and continued market penetration within the wholesale sales channel.
Compass Diversified Raises FY Guidance On Above-Plan First Quarter
Compass Diversified (CODI) raised its earnings for the year due to a better-than-expected first-quarter performance. Sales on an adjusted basis in its branded consumer segment, which includes Boa, 5.11 and Primaloft, were up 2 percent in the quarter.
Vista Outdoor Posts Heavy Loss On Impairment Charge
Vista Outdoor reported a net loss of $294 million after taking an impairment charge of $374 million. Adjusted earnings per share were down 47.1 percent on a sales decline of 8 percent and lower gross margins. Vista forecast sales for the current year to decline by about 6.5 percent.
Norrøna Hires New U.S. Sales Manager
Norrøna hired Andi Malboeuf as the U.S. sales manager. She comes to the role from QuietKat, an e-bike company owned by Vista Outdoors, where she was the national sales manager.
