SGB Update Outdoor

Cocona Labs Finalizes China WFOE Incorporation

The company is now a wholly foreign-owned enterprise (WFOE) in Shanghai, China. With a growing percentage of Cocona’s yearly revenue attributed to Chinese brand customers, the market is a “critical component for success.”

Paka Opens Flagship in Peru

Paka Apparel, maker of sustainable clothing using fully traceable alpaca wool from wild-roaming alpaca in Peru, opened its first store in Cusco, Peru.

Yeti Opens Store In Kansas City

Yeti opened a store in Leawood, KS, a suburban community in the Kansas City metro area. The location is Yeti’s first in Kansas and 21st overall in the U.S.

Coghlan’s Snaps Up Fozzils

The integration of Fozzils’ products into Coghlan’s, maker of camping accessories, will begin immediately, with plans to introduce Coghlan’s branded products by Fall 2024.

Pura Vida’s Q1 Revenues Tumble 37 Percent

according to Vera Bradley, Inc., Pura Vida’s parentm revenues totaled $12.7 million, a 37.0 percent decrease from $20.1 million in the prior year first quarter, primarily due to declines in e-commerce and wholesale sales,.

Tommy Bahama Parent Sees Q1 Sales Decline

Continued choppiness in the market and lack of sustained positive momentum, coupled with the drop in consumer sentiment, led Tommy Bahama parent to take a more conservative outlook for the balance of the year, lowering its fiscal 2024 sales and EPS guidance.

Patagonia Hires EMEA Marketplace Director

An outdoor veteran with over 20 years of experience in the industry, Stephan Hagenbusch, formerly at Black Diamond Equipment, assumes the role as marketplace director for the EMEA region.

Tailwind Nutrition Hires Director of Finance

Carter Shae was appointed director of finance. Most recently, he worked as CFO for Cut Clothing overseeing finance, accounting, human resources, customer experience, logistics, and board and investor relations.

Academy Sports’ Q1 Earnings Miss Wall Street Targets

Academy Sports and Outdoors, Inc. reported first-quarter earnings on an adjusted basis slid 20.8 percent and came in lower than analyst expectations for the second straight quarter. Same-store sales were down 5.7 percent, and gross margins were off slightly. Steve Lawrence, CEO, said, “Our customers remain under pressure in the current economic environment.”

Lazydays Names Chairman

Lazydays Holdings, Inc. announced that lead independent director and former interim-CEO Robert DeVincenzi has been appointed chairman of its Board of Directors. DeVincenzi succeeds Christopher Shackelton, managing partner of Coliseum Capital Management LLC, who decided to step down as a director.

Vail Resorts’ Q3 Results Miss Expectations, Guidance Lowered

Vail Resorts, Inc. reported earnings and sales for its fiscal third quarter ended April 30 missed Wall Street expectations due to a “combination of unfavorable conditions and broader industry normalization post-COVID following record visitation” at U.S. ski resorts during the 2022/23 ski season.” Skier visits slid 3.2 percent in the quarter. Earnings guidance was lowered for the year.