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Patagonia’s Next Chapter

Patagonia announced new ownership today, nearly 50 years since Yvon Chouinard founded the business. Effective immediately, the Chouinard family has transferred ownership to two new entities—Patagonia Purpose Trust and the Holdfast Collective, with every dollar that is “not reinvested back into Patagonia be distributed as dividends to protect the planet.”

Filson Appoints President

Filson, the Seattle-based outdoor and apparel manufacturer, announced the appointment of Neil Morgan as president of the company.

Sportsman’s Warehouse Fiscal Q1 Profits Contract as Comps Shrink 11.6 Percent

Sportsman’s Warehouse Holdings, Inc. reported that fiscal first-quarter net sales were $309.5 million for the 13-week period ended April 30, 2022, a decrease of 5.3 percent compared to the $327.0 million year-ago period. Adjusted diluted earnings per share were 5 cents compared to adjusted diluted earnings per share of 28 cents for the comparable 2021 quarter.

Carhartt Opens First Retail Store In Nashville

Carhartt has opened a retail storefront located at 5019 Broadway Place, Space A-1075 in Nashville, TN. The 4,000-square-foot space features Carhartt-branded products for men, women and kids, including footwear and accessories.

Simms Acquires The River’s Edge

Simms Fishing Products, manufacturer of waders, outerwear, footwear, and technical apparel in fishing, announced it has acquired Bozeman, MT-based specialty retailer, The River’s Edge Fly Shop.