SGB Update Apparel
Backcountry Appoints CFO
Backcountry has appointed Girish Satya chief financial officer of its global portfolio of brands, including Backcountry, Bergfreunde, Competitive Cyclist, Motosport and Steep & Cheap. Most recently, Girish served as a principal at TSG Consumer Products, Backcountry’s financial and strategic partner.
Peloton Launches Own Apparel Brand
Peloton announced it is launching Peloton Apparel, the company’s first collection made almost entirely of its own private label products.
American Outdoor Brands’ Q1 Revenues Climb 20 Percent
Profits at American Outdoor Brands grew 94.4 percent in the first quarter ended July 31 as sales grew 20.4 percent and gross margins improved 70 basis points.
Columbia Sportswear Appoints President Of Prana
Columbia Sportswear Company announced the appointment of Monica Mirro as president of the Prana brand.
Columbia Sportswear Appoints President Of Mountain Hardwear
Columbia Sportswear Company announced the appointment of Troy Sicotte as president Mountain Hardwear brand.
Zumiez’s Q2 Sales Expand 7 Percent
Zumiez Inc. reported net sales for the second quarter ended July 31 increased 7.3 percent year over year and 17.6 percent against the second quarter of 2019.
Hibbett Promotes Jared Briskin To Executive Vice President
Hibbett Inc. announced the promotion of Jared Briskin to executive vice president, merchandising; effective immediately. In this new role, Briskin will be responsible for merchandising, planning, allocation, and supply chain.
Cotopaxi Secures Growth Investment Led By Bain Capital Double Impact
Cotopaxi announced that it has secured funding led by Bain Capital Double Impact, the impact investing strategy of Bain Capital.
Academy Sports Hikes 2021 Guidance After Q2 Easily Tops Wall Street Targets
Academy Sports + Outdoors Inc. significantly raised its full-year guidance after reporting sales and earnings in the second quarter came in well ahead of Wall Street’s targets. Net sales grew 11.5 percent year-over-year and 44.8 percent compared to the 2019 second quarter.
Eagle Creek Sold To Travis Campbell
VF Corp announced that it has sold Eagle Creek to Travis Campbell, the former president of emerging brands at VF. The sale comes after VF in June had said it planned to cease operations of the travel accessories, luggage and daypack brand by this fall.
Lululemon’s Q2 Earnings Exceed Estimates As Sales Strength Continues
Lululemon Athletica Inc. reported earnings and sales in the second quarter came in well above Wall Street targets. Sales grew 61 percent year-over-year and 28 percent on a two-year compound annual growth rate.
Snowbound Festivals Postponed Until 2022
With concern for the health and safety of in-person attendance at this year’s 2021 Snowbound Festivals in Denver, CO (November 5-7) and Boston, MA ( November 19-21) due to a resurgence of COVID-19, the events are postponed until 2022.
Houdini Expands Global Circularity Initiative To Increase Engagement
Swedish sportswear brand Houdini announced its expanding global initiative with industry experts, brands and users.
Topgolf Debuts In China
Topgolf Entertainment Group and its developer partner, Sports Entertainment Asia Ltd. (SEAL), announced its first Topgolf location in Shanghai, China.
Athleta Expands Wholesale Partnership With REI
Athleta announced the expansion of its wholesale partnership with REI bringing a selection of its products to 135 stores nationwide and online, up from five.
