SGB Update Outdoor
Under Armour Makes Senior Leadership Changes
Under Armour reported the company made senior leadership changes, including hiring Marriott veteran Jim Dausch as EVP, chief consumer officer, effective July 24, and promoting Danny Miles to EVP, chief technology officer. Effective July 3, Dan Leraris, UA’s head of apparel, will begin serving as the company’s interim CPO.
L Catterton Appoints Peter Chang As Managing Partner
L Catterton, the consumer-focused investment boutique, hired Peter Chang as managing partner and co-head of Private Credit. With Shahab Rashid, Chang will co-lead the firm’s direct lending strategy.
Signa Sports’ Fiscal Q2 Revenues Slide 24 Percent
Signa Sports United N.V. (SSU) reported a wider operating loss in the fiscal second quarter ended March 31 as sales dropped 23.5 percent. The Berlin-based owner of numerous e-commerce sites focused on tennis, outdoor, and team sports said the results reflect continued weak demand versus pre-pandemic levels and “severely elevated” inventories across the marketplace.
Report: Younger Consumers Trading Handbags For Totes, Waist Packs And Backpacks
The $8.8 billion handbag market in the U.S. faces a generational dilemma—younger women are less likely than the older demographic to buy and carry a handbag. Although 18- to 34-year-olds accounted for a decline in the overall handbag market over the past year, sales in totes and shoppers were up 11 percent—fanny, waist and chest packs increased 56 percent.
REI Names Controller And VP Of Distribution And Fulfillment Operations
REI Co-op promoted Michelle Kirkpatrick to vice president, controller and Ruchi Christensen to vice president of distribution and fulfillment operations.
Teton Gravity Research To Open Boulder Flagship
Teton Gravity Research (TGR) announced it is opening a flagship store in downtown Boulder, CO, on June 30, in the Pearl Street Mall at 1420 Pearl Street, selling its lifestyle apparel and optics.
SportsShoes.com’s Q1 Sales Climb 20 Percent
U.K.-based SportsShoes.com reported revenues increased 20 percent in the first quarter ended May 31 to £83.8 million ($107 mm).
Columbia Sportswear Sues Softstar Shoes Over Use Of Omniflex Name
Columbia Sportswear filed a federal lawsuit alleging trademark infringement against Softstar Shoes, the minimalist footwear brand based in Philomath, OR, over its use of the Omniflex name.
Camping World Makes Key Hires To Field Operations Leadership Team
Camping World Holdings, Inc. reported adding key hires to its field operations leadership team.
Woom Names New CEO
Woom, the Australian bike manufacturer, promoted Paul Fattinger to the CEO. The leadership realignment follows the appointment of Kasper Rørsted as chairman of Woom’s Advisory Board and the creation of a new department for innovation. Mathias Ihlenfeld, the former Co-CEO and founder of Woom USA, has shifted his focus to the North American market and heads up the U.S. team.
Yeti Expands Credit Line
Yeti Holdings, Inc., in a regulatory filing, said it amended its credit agreement to increase the company’s commitments under the revolving credit facility from $150 million to $300 million.
Mike Ashley Returns To Frasers Group As Consultant
Mike Ashley has reportedly returned to his founding company Frasers Group, the parent of Sports Direct, as a consultant. Ashley, who owns 69 percent of the company, stepped down from the top position last year, later appointing his son-in-law Michael Murray as CEO.
White Mountain Signs Outerwear Licensee Deal
White Mountain and Cliffs, the comfort footwear brands, signed a new licensing agreement with Mirage Fashion Group to distribute rain, lightweight and heavyweight outerwear for men, women and kids.
Peak Ski Company Names Chief Product Officer
Peak Ski Company promoted Darrin Haugen to chief product officer. He joined Peak Ski as vice president of innovation, design and production in July 2022.
Camping World Holdings To Acquire Arkansas RV Dealer
Camping World Holdings, Inc. is set to acquire multi-location RV dealer Crain RV in Arkansas. Crain operates locations in Benton, Springdale, and Little Rock, predominantly selling Jayco, Winnebago, Tiffin, Coachmen, and Forest River products.
