JD Sports’ Profits Slide In First Half
JD Sports reported an 18.2 percent drop in pre-tax profits for the six months ending July 31, partly due to the U.S. government support it received as part of the country’s COVID stimulus package last year, which boosted year-ago results. Sales grew 13.7 percent year-over-year.
Taurus Hires Marketing Manager
Taurus announced it hired Caleb Giddings as marketing manager for the manufacturer of handguns for defense, hunting and sport shooting.
Columbia Sportswear Sets Three-Year Growth Targets
Columbia Sportswear Company introduced its three-year financial targets aimed for a 9 perdent to 11 percent organic sales growth and 12 percent to 15 percent EPS growth on a compound annual growth rate (CAGR) basis from 2022 to 2025. The targets were announced ahead of its first Investor Day, scheduled for September 22, at its headquarters in Portland, OR.
Mammut Hires Chief Commercial Officer
Mammut Sports Group AG appointed Felix Muennich as chief commercial officer, effective November 1. Muennich is an 18-year veteran working in the sporting and consumer goods industry, most recently at Nike.
Arc’Teryx Hybrid Retail Store And ReBird Service Center Opens In Boulder
The Arc’teryx hybrid retail brand store and ReBird Service Center opened in Boulder, CO on Pearl Street on September 17. This is the second U.S. and third global ReBird Service Center for company. A hub for Arc’teryx’s ReBird program of upcycling, resale, care and repair, is the Service Center offers customers a suite of circular […]
Smith Adds Global VP Of Sales
Smith, the manufacturer of snow goggles and helmets, promoted Rob Retzlaff to global vice president of sales.
BTI Adds Outside Reps To Cover U.S.
Bicycle Technologies International (BTI) hired five additional reps to expand its coverage in the U.S.
North American Bike Distributor HLC Acquired By Private Equity
MiddleGround Capital, the investment specialist and buyer of middle market B2B industrial and specialty distribution companies, purchased North American bike parts and accessories distributor HLC. The terms were not disclosed.
Seirus Hires VP Of Sales
Seirus hired Desiree Lindemann as vice president of sales.
Outdoor Participation Grows To Record Levels
According to Outdoor Foundation’s 2022 Outdoor Participation Trends Report more than half (54 percent) of Americans ages six and over participated in at least one outdoor activity in 2021, and the outdoor recreation participant base grew 2.2 percent during 2021 to 164.2 million participants. However, this growing number of outdoor enthusiasts did not fundamentally alter long-term declines in high frequency or “core” outdoor participation.
KMD Brands Sees 6.2 Percent Growth In Fiscal Year
KMD Brands, Ltd. reported sales grew 6.2 percent in the year ended July 31. The gains were driven by continued growth in Rip Curl sales, Kathmandu’s highest sales in Q4 and record order demand for Oboz product.
REI To Open First Store In Nebraska
REI Co-op will open its first retail location in Gretna, NE, on September 23.
Winchester Parent Lowers Third-Quarter Guidance
Olin Corporation, Winchester’s parent company, said it now expects third-quarter 2022 adjusted EBITDA to be in the range of $530 million to $550 million, down from an estimated $620 million due to the weakening global economy.
Nordstrom Adopts ‘Poison Pill’ After Mexican Retailer Buys Stake
Nordstrom, Inc. adopted a shareholder rights plan, more commonly known as a “poison pill,” to prevent outsiders from boosting their stake in the business after a Mexican company acquired a 9.9 percent stake in the upscale U.S. retailer’s business.
Oxford Industries Acquires Johnny Was
Oxford Industries, Inc. announced its acquisition of Johnny Was, a California-based lifestyle apparel brand, was finalized for the purchase price of $270 million.
