SGB Update Outdoor
Mivice Makes Key North America Sales Hire
Mivice, an e-drivetrain system supplier, hired Brad Accettella as North American business development and sales executive. Previously, Accettella previously was the COO of Brooklyn Bicycle Co. and director of product and supply chain for Guardian Bikes.
L.L.Bean Adds Academy Sports + Outdoors as Wholesale Key Account
Academy Sports will carry a wide assortment of L.L.Bean’s products, including polos, backpacks, men’s and women’s apparel, and the iconic Bean Boots.
MasterCraft Boat Holdings Sees Worsening Boat Trends in Fiscal Q4
The company said the 15.5 percent sales decrease in Q4 reflects decreased sales volumes, less favorable model mix, and increased dealer incentives, partially offset by higher prices.
Report: Resale Market To Reach $276 Billion in Five Years
OfferUp’s 2023 Recommerce Report found that 85 percent of shoppers buy and/or sell secondhand goods, an increase of 3 percent from 2022. Furthermore, 27 percent of shoppers ventured into the secondhand market for the first time in the last year.
Wren Sports Hires Managing Director For Europe
Wren Sports, the U.S.-based supplier of Wren inverted suspension forks and bike parts, hired Richard Hurst as managing director of its European operation.
Buck Knives Makes Marketing Appointments
Buck Knives reported the promotions of Justin Baar to senior e-commerce and digital marketing manager and Katie Swanson to marketing communications manager.
August U.S. Consumer Confidence Index Decline is Highest in Two Years
U.S. consumer confidence fell the most in two years as pessimism on the labor market, higher borrowing costs and stubborn inflation curbed optimism. The Conference Board continues to expect a recession before the year’s end.
MC Sports’ Mort Finkelstein Passes Away
Mort Finkelstein, the co-founder of the MC Sports chain, passed away on August 17. He was 93.
Elevate Outdoor Collective Names North America Race Manager
The company promoted Harry Goss to North America race manager for Völkl skis, Dalbello boots, Marker bindings, and accessories.
Nomadix Names New Brand Marketing Manager
Nomadix, the maker of The Only Towel You Need, made from post-consumer recycled materials, promoted Elyse Cornett to brand marketing manager, responsible for developing and executing marketing strategies.
Active Brands Group Hires E-Commerce Manager
Sweden-based ABG hired Rohan Callander as e-commerce manager responsible on expanding the DTC business for its portfolio of brands.
Haro Bikes Names Supply Chain Director
As part of the brand’s global restructuring, Haro Bikes, based in Vista, CA, hired Grasie Ooi as supply chain director.
Wolverine’s Debt Ratings Lowered by Moody’s
Moody’s Investors Service downgraded the debt ratings of Wolverine World Wide, Inc., reflecting the company’s significant earnings decline in Q2 2023 and Moody’s expectations for continued weak near-term performance. S&P Global Ratings similarly recently reduced its rating.
Malibu Boats Swings to Fiscal Q4 Loss Despite Saltwater Fishing Sales Gain
The increase in net sales for the quarter was reportedly driven primarily by increased unit volumes in the Saltwater Fishing segment and a favorable model mix across all segments.
Report Forecasts Flattish Online Growth in U.S. for Holiday 2023
Salesforce’s 2023 Holiday Forecast calls for 4 percent global and 1 percent U.S. year-over-year online sales growth across November and December, reaching $1.19 trillion and $273 billion, respectively.
