SGB Update Outdoor
Ski-Doo Parent’s Q3 Profits Get Crushed as it Focused on Inventory Reductions
the Canada-based parent company of the Ski-Doo, Sea-Doo and Lynx power sports brands, said it continued to focus on reducing network inventory in fiscal Q3 which resulted in reduced revenues versus the prior-year Q3 period.
X Games Names Jeremy Bloom as CEO
Bloom’s track record as an athlete and in building and managing companies will be instrumental in continuing to elevate the X Games properties and the X Games League.
L.L.Bean Making Additional Staff Cuts in Maine HQ
The retailer will lay off 50 to 75 employees at its corporate headquarters in Maine. These latest cuts equal approximately 2 percent to 3 percent of its Freeport-based staff and are the retailer’s second round this year.
Activist Investors Push Macy’s to Consider Changes to Capital Allocation Strategy
Barington Capital Group and Thor Equities LLC asked Macy’s to bring fresh perspectives to the company, especially in the areas of capital allocation, merchandising and retail and real estate
Clarus Corporation Appoints New Board Member
The parent of Black Diamond appointed Mark Besca to the company’s Board of Directors, effective immediately. He was also appointed to the Audit Committee of the company’s Board.
Black Diamond Parent Adds to Adventure Segment, Acquires RockyMounts
The RockyMounts deal is the first acquisition in the Adventure segment since Clarus acquired Tred Outdoors in October 2023. Transaction terms were not disclosed. Cash-on-hand funded the deal.
Helinox EMA Strengthens Team with Commercial Manager Europe
As Commercial Manager Europe, Murphy is joining Helinox as the brand, effective January 1, 2025, focused on two major initiatives for 2025: introducing an updated version of the brand’s Chair One (re) and launching products in the new Helinox Play category.
NRF Chief Economist Sees Strong Q3 Results Boding Well for Holiday Retail Season
Many consumers started shopping earlier because a late Thanksgiving left five fewer shopping days before Christmas than in 2023. Based on data that the National Retail Federation has seen so far, conditions are shaping up for a successful holiday retail season.
NRF Report: 2024 Retail Returns to Total $890 Billion
Improving the returns experience and reducing the return rate are two essential elements for businesses in achieving their 2025 goals.
St Croix Rod Promotes Teach and Johnson to Executive Leadership Team
The company promoted Ryan Teach, formerly product and brand manager, to the newly created role of VP of Innovation. Former National Sales Manager Dan Johnston has been appointed director of sales.
Zumiez Swings to Q3 Profit on 7.5 Percent Comps Gain; Offers Strong Q4 Guide
Net sales for the fiscal third quarter increased 2.9 percent to $222.5 million but the company noted that the shift in the retail calendar had a negative impact on Q3 results, decreasing net sales growth by approximately 510 basis points.
Castore Hires Commercial Operations Leader
Danny Downs brings 15 years of experience at Fanatics International, where he was head of commercial development and the company’s first GM, including international operations for its e-commerce business.
J.Crew Group Hires CMO for J. Crew Brand
For nearly a year, J.Crew and its sister brand Madewell, also owned by the J.Crew Group, have operated without a CMO—Derek Yarbrough, former executive vice president and CMO of both brands, left in January 2024. The Group did not disclose if it would hire a CMO for the Madewell business.
Journeys Parent Genesco, Inc. Ups Guidance on Strong Q4, Nice Start to Q4
For the full year, the parent of Journeys, Schuh and Johnston & Murphy now expects total sales to be down 1 percent to flat compared to Fiscal 2024 versus prior expectations for a total sales decrease of 1 percent to 2 percent.
Tilly’s, Inc. Beats on Q3 Sales Estimate But Lowers Guidance on Tough Q4 Start
On a shifted basis, lining up the timing of this year’s Thanksgiving holiday with last year’s, total comparable net sales through December 3, decreased by 9.6 percent relative to the comparable period of last year ended November 28, 2023.
