Vista Outdoor Again Postpones Shareholder Vote on CSG Transaction
Vista Outdoor, Inc. announced Thursday morning that it will adjourn the special meeting of stockholders that had been scheduled for July 2 to July 23 to vote on the sale of its ammunition business, The Kinetic Group, to Prague-based Czechoslovak Group a.s. (CSG) to explore an upgraded bid for the higher company by MNC Capital.
Omni Retail Enterprises Names CEO
Former Vitamin Shoppe CEO and Pier 1 Imports exec, Sharon M. Leite, will lead the revitalization of Omni’s retail, educational and health & wellness brands.
EXEC: Adidas Bribery Investigation Claims First Two China Employees
Adidas reported on June 26 that two Chinese employees had left the company as the German sportswear giant investigates bribery allegations in China.
Mammut Sports Group Appoints Country Manager for Austria
Manuel Kronberger as the new country manager for Austria, leading the strategic and operational efforts for the market. Joining him are Hermann Eder and Christian Holzer to manage sales from the company’s new showroom in Salzburg.
Report: RV Shipments for May Show Moderate Increase Over 2023
Towable RVs, led by conventional travel trailers, ended the month up 13.5 percent from last May with 30,177 shipments. Motorhomes finished the month down 31.2 percent, compared to the same month last year with 2,973 units.
Kent Outdoors Appoints New CEO
Randy Hales, the company’s new CEO, most recently was the CEO of Next Level Apparel. Hales replaces Ken Meidell.
EXEC: Vista Outdoor Secures U.S. Government Approval for Ammo Business Sale to CSG
Vista Outdoor, Inc. reported late afternoon on June 25 that it had received regulatory approval from an interagency committee of the U.S. government for the proposed sale of its ammunition business, The Kinetic Group, to Prague-based Czechoslovak Group a.s. (CSG).
Nordstrom, Inc. Plans to Open Another New Rack Store in Houston Next Spring
The 30,000-square-foot store will open in the Westchase Shopping Center, which includes Whole Foods and Target. Today, Nordstrom operates eight Nordstrom stores and 21 Nordstrom Rack stores in Texas.
L.L.Bean to Expand Store Count in 2024 Underscoring Omnichannel Growth Strategy
L.L.Bean reported it will open four new retail stores in 2024, including its first store in Indiana. The other locations include Ulster, NY; Mechanicsburg, PA; Enfield, CT; and Indianapolis, IN.
7Mesh Secures New Representation for Benelux Region and Ontario, Canada
Summit Outdoor & Sports will represent the brand in the Benelux region (Belgium, the Netherlands, and Luxembourg), and AKA Sports Group will cover the Ontario territory.
Report: Glamping Continues Trending Up in Outdoor Hospitality
KOA’s latest report on Glamping, part of its annual Camping and Outdoor Hospitality Report series, found the genre continues to grow in popularity, with 34 percent of new campers identifying themselves as “Glampers.”
Birkenstock Employees and Majority Investor Selling 14M Shares
The company, which went public in October 2023, plans to sell 14 million shares in a secondary public offering of the BIRK shares. The shares will be sold by L Catterton and Birkenstock employees.
Amazon’s Annual Prime Day Returns in July
Over the course of last year, Amazon customers saved nearly $24 billion from deals and coupons—with Prime members enjoying the vast majority of those savings—including over $2.5 billion during Prime Day 2023,
UK Retail Sales Rebound in May
Retail sales in the United Kingdom rose 2.9 percent in May, up from a revised 1.8 percent fall in April, the Office for National Statistics said.
Peak Performance to Open its First London Store
The Scandinavian outdoor brand, owned by Amer Sports, will open a store in Covent Garden, its first in the UK.
