Adidas Extends CFO Contract; Two Global Leaders Exit The Company
The Supervisory Board of Adidas AG has extended Harm Ohlmeyer’s appointment as chief financial officer for another three years until the beginning of 2028. Adidas also announced that Arthur Hoeld would replace Roland Auschel with responsibility for global sales and the departure of Brian Grevy, who was responsible for global brands.
Cardiff Snowcraft Names New CEO And Category Director
Cardiff Snowcraft hired Tanner Bell, founder and former CEO of Ragnar Relay Series, as the company’s new CEO. Mike Schnieder, who has over 20 years of experience in the snow industry, will be the company’s new category director.
Vista Outdoor Vice Chairman Retires
Vista Outdoor Inc. announced that Tig H. Krekel has retired as vice chairman and member of the company’s board of directors, effective Feb. 27, 2023.
VF Corp. Closes Second €500 Million Green Bond
VF Corporation has closed on a €500 million green bond offering, representing its second green bond issued. The inaugural green bond was issued in 2020.
Weyco’s Q4 Sales Dip, Bogs Wholesale Revenues Down 14 Percent
Weyco Group, Inc. reported sales declined 2 percent in the fourth quarter ended December 31. On a wholesale basis, sales of Bogs and Florsheim both declined 14 percent while sales expanded 18 percent at Nunn Bush and 5 percent for Stacy Adams.
Peak Ski Company Adds Key Leadership Role
Peak Ski Company, launched by co-founders Bode Miller and Andy Wirth, hired pro skier and stunt coordinator JT Holmes as senior director of innovation and business development.
Thor Industries’ Fiscal Q2 Sales Fall Sharply; NA Towable RV Sales Drop 58 Percent
Thor Industries, Inc. saw consolidated net sales fall 39.4 percent to $2.35 billion in the second quarter of fiscal 2023. North American Towable RV net sales were down 58.2 percent for Q2 while North American Motorized RV net sales decreased 24.4 percent and European RV net sales decreased 10.6 percent for the period.
Authentic Brands Group Nearing Deal To Acquire Boardriders, Inc. For $1.3 Billion
Authentic Brands Group, Inc. is nearing a deal to acquire Boardriders, Inc., the parent of Quiksilver and Billabong, for $1.3 billion, sources told Bloomberg.
Camping World Closing Down Active Sports
In a regulatory filing, Camping World Holdings said it plans to “exit and restructure operations of its indirect subsidiary, Active Sports,” which includes its retail store and warehouse in Little Canada, a suburb of Minneapolis-St. Paul, MN, as well as the The-House.com website.
Dick’s SG Sees Q4 Comp Sales Up 5.3 Percent; Net Income Falls 32 Percent
Dick’s Sporting Goods, Inc. revenues increased 7.3 percent to $3.60 billion for the fourth quarter ended January 28. Comp-store sales increased 5.3 percent for Q4. Net income fell 32 percent to $236 million, or $2.60 per share, for the fourth quarter.
Vail Resorts Closing 19 Colorado Retail Locations
SSI Venture, the retail arm of Broomfield-based Vail Resorts, reported to the State of Colorado that it plans to close 19 equipment rental and retail locations in Aspen, Telluride and Snowmass Village. The move will permanently eliminate 69 jobs.
Bill Parks, Founder Of Northwest River Supplies, Passes Away
On March 5, Bill Parks, the founder and president of Northwest River Supplies, died of natural causes at 88.
Silipint Selects National Sales Rep Agency
Silipint, the Oregon-based brand and maker of silicone drinkware, reported it hired Outtech, Inc., for its national sales representation in the Hunt, Shooting Sports, Camping, Outdoor Sports Channels and Farm & Home/Hardware.
Patagonia Recalls Infant Capilene Midweight Base Layer Sets
About 8,000 Patagonia Infant Capilene Midweight Base Layer Sets are being recalled due to a choking hazard.
SGB Media Reports Most-Read Stories, Key Metrics For February 2023
SGB Media posted another strong month in February 2023, with total pageviews rising 15 percent to over 164,000 pageviews for the shortest month of the year. SGBonline.com generated over 1.7 million pageviews for the trailing 12-month period ended February 28.
