EXEC: PrimaLoft Takes $58 Million Impairment Charge as Operating Results Fall Short
PrimaLoft performed an interim impairment test of their goodwill as of December 31, 2023 as a result of operating results that were below forecast amounts that were used as the basis for the purchase price allocation at acquisition.
EXEC: 5.11 Tactical was the Lone 2023 Active Lifestyle Gainer at CODI
The 5.11 Tactical brand was the only active lifestyle brand in the segment to post an increase in sales for the year, due in large part to its direct-to-consumer component of the business as all other brands continued to deal with the ongoing retail de-stocking process prevalent across the U.S. retail landscape.
Rocky Brands Weathers Q4 Headwinds to Deliver Flattish Bottom Line Gain
Wholesale segment sales decreased 13.3 percent in Q4 and Contract Manufacturing segment sales decreased 14.9 percent, while Retail segment sales increased 1.5 percent. EPS was 91 cents a share in Q4 vs. 89 cents in Q4 2022.
Outdoor Recreation Roundtable Adds Seven New Members
The ORR recently added seven new members, expanding its coalition across a broad spectrum of the outdoor recreation economy, including universities, state offices of outdoor recreation, other conservation non-profits, and brands.
Hydra Weaponry Adds Sales Agency for 13 Western States
Total Sales & Marketing will represent the Hydra Weaponry product line in 13 U.S. Western states, including Alaska and Hawaii.
Kontoor Brands Q4 Revenues Slide 8 Percent on Weak Wholesale Shipments
Revenue decreases at the parent of the Lee and Wrangler denim brands were said to be primarily driven by retailer inventory management actions in the U.S., partially offset by gains in digital wholesale, China and direct-to-consumer.
Kontoor Brands Appoints New Director to Board
Mary Campbell was elected to Kontoor’s Board of Directors effective immediately, increasing the size from seven to eight directors.
EXEC: Big 5 CEO Talks Efforts to Offset One-Two Punch from Weather and Economy
The Apparel category was down approximately 30 percent year-over-year in the fourth quarter. The Footwear category was down approximately 17 percent and the Hardgoods category was down approximately 11 percent for the period.
Big 5 SG Posts Q4 Loss on Sharp Decline in Same-Store Sales
For the fiscal 2024 first quarter, BGFV expects same-store sales to decrease in the low double-digit range compared to the fiscal 2023 first quarter.
Primary Arms Optics Names Simmons’ Sporting Goods Dealer of the Year
Simmons’ Sporting Goods is the South’s largest independent single-location outfitter, occupying over 80,000 square feet and offering a vast range of archery, firearms and outdoor gear.
Report: Half of Camping Property Owners Added Campsites in 2023
The Dyrt reported that the addition of new campsites was spurred, in part, by results from the previous year’s report, when 58.4 percent of campers reported difficulty booking a site because a campground was sold out.
Primus Taps Silva Distributor and Sales Reps for Canada Expansion
Rock Gear Distribution, the exclusive Canadian distributor for Primus-Silva Sweden AB, has reached new agreements with its existing Silva sales agencies to now represent Primus as well.
MidwayUSA Hires Merchandising Manager, Gunsmithing
Family-owned and operated since 1977, Midway USA hired Ken Nichols as merchandising manager, gunsmithing. He has an extensive background in firearm accessories within internet retail.
Dickies Appoints VP, Global Marketing
Denise Anderson joins Dickies as VP of global marketing. She comes to the role from VF Corp.’s sister brand Smartwool.
South Florida Ventures Adds Newport International Boat Show to Growing Portfolio
The division of Informa Markets, Plc acquired the Newport International Boat Show from the Newport Restaurant Group, adding the show to its portfolio of boating and yachting events portfolio.
