SGB Update Outdoor

Outdoor & Recreation Segment Slides 7.9 Percent for Newell Brands in Q4

Newell Brands, the parent company of Marmot, Ex Officio, Stearns, Bubba, Coleman, and Contigo, among others, reported that the company’s Outdoor & Recreation segment saw another revenue decline in the fourth quarter although it was significantly smaller than recent quarters.

GoPro’s Q4 Revenues Tumble 32 Percent

GoPro Inc. widened its losses in the both the fourth quarter and year ended December 31 as sales fell 32 percent in the quarter and 20 percent in the year. The maker of action cameras said it’s making progress in its turnaround efforts.

Fossil Group Adds Former Adidas and Salomon Execs to Leadership Team

Fossil Group, Inc. appointed Joe Martin, formerly SVP of Wholesale, Team Services and Omni Operations and Marketplace, North America, at Adidas, and Antonio Carriero, previously chief digital and information officer at Salomon, to its executive team. 

Canada Goose Misses Q3 Revenue Targets on DTC Softness

Canada Goose’s revenues in the fiscal third quarter ended December 29 came in below Wall Street’s estimates as DTC comps missed plan, down 6.2 percent. Earnings on an adjusted basis in the third quarter rose 7.0 percent while overall sales declined 2.2 percent.

Wild Rye Adds to Management Team With Two New Hires

Megan Odom joins the company as national sales manager and Sara Gerritts as supply chain operations manager. The company reported that they “bring a wealth of experience and a passion for the outdoors that aligns perfectly with our brand’s values and mission.”

Jackson Hole Mountain Resort Names New CEO

JHMR has appointed Doug Pierini as CEO, effective June 1. He replaces Mary Kate Buckley who will retire as CEO on May 31, concluding a seven-year tenure leading the resort property.

JCPenney Launches B2B Website for Commercial Bulk Orders

The department store retailer said its new business-to-business website offers current and potential bulk order customers exclusive access to JCPenney’s vast catalog of products across several divisions.

Black Diamond Wilderness Exchange to Host Grand Re-Opening

The store’s renovation has been ongoing since October 2024, during which BDE reportedly invested in much of the related costs. The newly branded Black Diamond Wilderness Exchange store will host a grand reopening from February 8-16, 2025.