Massimo Group Adds New Illinois Distribution Center to Network
With the addition of this Illinois facility, Massimo Group’s nationwide distribution network now has six points of distribution, including Edison, NJ; City of Industry, CA; Port Wentworth, GA; Houston, TX; Garland, TX; and Edwardsville, IL.
EXEC: Hydro Flask Adds Velocity with Expanding Amazon, Target and Costco Programs
Hydro Flask e-commerce reportedly “overdelivered” in the quarter, said to be driven by stronger-than-forecasted POS that lifted post Labor Day replenishment and stronger-than-forecasted performance on Amazon Prime Day with Hydro Flask achieving the No. 1 Best Seller ranking within water bottles during the event.
Columbia’s Chief Digital Information Officer Exits
Columbia said it would launch a search for Skip Potter’s replacement. In the interim, EVP and CFO Jim Swanson will oversee the company’s digital technology department.
Report: 2024 Holiday Online Spending Sets New Record; Sporting Goods Up Big
Strong discounts this season also drove consumers to purchase higher-ticket items in categories such as electronics, appliances and sporting goods. The share of units sold for the most expensive goods was up 54 percent in sporting goods.
NSSF: 2024 NICS Background Checks Fall Again to Lowest Level Since 2019
he 2024 level represents the fourth annual sequential decline after peaking during the 2020 election year and falling to a level below the 2016 election year.
Boa and 5.11 Parent Compass Diversified Starts Year with Board Shuffle
Gordon M. Burns will not be standing for re-election at the company’s 2025 annual shareholders meeting due to other commitments. Nancy B. Mahon has been appointed chair of the Board’s Nominating Committee, replacing Mr. Burns.
Report: Holiday Retail Return Rate Jumps 28 Percent as U.S. Sales Reach $282B
Salesforce is reporting that the data in its system shows that holiday retail sales surged to a record $1.2 trillion globally and $282 billion in the United States, but high returns could dampen retailer overall profit margins.
EXEC: SGB 2025 Look Ahead with Active Lifestyle Market Leaders
Leaders in the active lifestyle space expressed cautious optimism about 2025 with inflationary pressures easing, supply chains largely normalized and generally healthy interest in sports. Insights from Academy Sports, Brooks Running, Rawlings, Fleet Feet, Selkirk Sport and others.
Lazydays Holdings Appoints New Chief Financial Officer
New CFO Jeff Needles is a Certified Public Accountant, holds an MBA from Washington University, and a Bachelor of Science in Business Administration from Saint Louis University, John Cook School of Business.
Camelbak, Bell/Giro Parent Revelyst Completes Sale to Financial Firm
The parent of Foresight Sports, Bushnell Golf, Fox, Bell, Giro, CamelBak, Bushnell, Simms Fishing was acquired by SVP in an all-cash transaction based on an enterprise value of $1.125 billion.
Outtech Co-Founder Jay Scholes is Retiring
In 1989, Jay Scholes, with partners Ron Rette and “Rocket” Rod Swanson, founded Outtech with the vision of “revolutionizing sales representation in the outdoor industry.” Scholes is now retiring.
AGM Global Vision Hires New Key Account Manager
Keith Weaver will manage and strengthen the company’s key account relationships, optimize product assortments and promotional strategies and collaborate with the sales team to expand AGM Global’s dealer network.
EXEC: SGB 2025 Look Ahead with Trade Association Leaders
Trade associations representing the active lifestyle space shared their concerns with SGB Executive regarding potential tariffs, supply chain disruptions and the likelihood of an unstable economy in 2025. However, they were generally upbeat about the year ahead.
EXEC: SGB 2024 Year in Review Wrap Up
If you are just back from two weeks in Fiji, never fear as SGB Media has you covered on the people, brands and issues that made 2024 a year to forget for many retailers and brands in the active lifestyle space.
EXEC: Jens Ansø Parting Ways With GiantMouse to Focus on Ansø of Denmark
Effective immediately, GiantMouse Co-Founder Jens Ansø will step back from the knife company to dedicate more time to his Ansø of Denmark brand.
