EXEC: Backcountry Sold as TSG Closes Deal with CSC Generation Enterprise
CSC acquired the company from TSG Consumer Partners, which acquired the business in July 2015. CSC also owns the Sur La Table, One Kings Lane, Touch of Modern, DirectBuy retail brands, in addition to others.
Nate Smith Named CEO of Huk and Nomad Outdoor Parent
Smith brings 20 years of executive leadership experience working for consumer-branded omnichannel organizations in apparel, footwear and accessories. He has held senior executive roles at Patagonia and Oakley and, most recently, was president at Boardriders,
Academy Sports and Outdoors Cuts Guidance After Dismal Q2 Results
Sales for the second quarter were said to be more challenging than expected, impacted by a tough economy, a temporary DC backlog related to going live with a new warehouse management system and by a very active storm season across key portions of the retailer’s footprint.
EXEC: Giant Group Ekes Out Another Sales Increase in August Against Easy Comps
The increase was more moderate than the 16.6 percent increase in July. Still, it was good news as the company faces easier comparisons against an ugly fall shipping period last year.
Modern America Campgrounds Expands Portfolio with Connecticut Campground Deal
The largest RV park owner in the Northeast has acquired Lone Oak Campsites in East Canaan, CT, marking its 27th park acquisition in the last 24 months.
Under Armour Cuts Guidance on Expanded Restructuring Cost Expectations
The company has identified approx. $70 million of additional charges, largely related to the decision to exit one of its primary distribution facilities located in Rialto, CA on top of the $70 million to $90 million already planned in connection with its Fiscal 2025 restructuring plan.
EXEC: Vista Outdoor Confirms New $3.3B Bid; Adjourns Stockholder Meeting (Update)
The new offer represents a 41.4 percent premium to the VSTO share price the day before MNC’s first offer in February and a 12.3 percent premium over the company’s $38.29 closing price on Friday, September 6. But all is not well in this relationship.
Are We Headed for More Inventory Overhang as Retailers Bring Goods in Early?
If the forecasts prove correct, 2024 will have seen a seven-month stretch of import levels at or above 2 million TEU, the longest since a 19-month stretch through September 2022, as retailers pull shipments forward for fear of a port strike.
Alterra Mountain Company Names New President & COO at Palisades Tahoe
Amy Ohran comes to Palisades Tahoe as president and COO with nearly 35 years of experience in the snow sports industry, primarily working in the Lake Tahoe area.
Carhartt Appoints Norma Delaney as VP, Brand Marketing and Creative
The company said Delaney will lead the development of marketing and creative strategies for Carhartt and play a critical role in shaping the company’s image and brand recognition. She will report to Susan Hennike, Carhartt’s chief brand officer.
Alterra Mountain Company Commits to $300M Capital Investment Program
The latest commitment continues the company’s capital investment cycle, which includes the first phase of the major Deer Valley expansion, elevated guest amenities, new and refurbished lifts, and more efficient snowmaking.
EXEC: Footwear ASPs Continue to Decline Coming Out of Yue Yuen Factories in H1
Yue Yuen reportedly saw the volume of shoes it shipped to brands in the U.S. and Europe increase nearly 10 percent in the first half period ended June 30 (H1), but revenues for those pairs only increased 1.3 percent as average selling prices (ASP) declined 7.8 percent for the period.
NRF: U.S. Not Likely Headed Into Recession, but Jobs Market Slowdown Possible
NRF’s chief economist believes the U.S. economy has dodged a recession, but is on the cusp of nailing a long-awaited soft landing with a simultaneous cooling of growth and inflation. However, the jobs pictures seems to be another story.
Delta Cycle Recalls Ceiling Hoists with Straps Due to Injury Hazard
This recall involves ceiling hoists with straps, model number RS2300. The company lists the model number only on the product packaging. Delta Cycle sold about 25,000 of its ceiling hoists in the U.S. and 3400 in Canada from February 2017 through July 2024.
5.11 Appoints New CFO
Bryan Jones will take on the role of chief financial officer effective October 7. On that date, current CFO, Jim McGinty, will phase into retirement while remaining involved in the company for the balance of 2024, taking on a consultatory role for 2025 with a planned exit by the start of 2026.
