SGB Update Outdoor
Bob’s Stores To Open Three Locations
Bob’s Stores plans to open a “flagship” store in Norwalk, CT, that will also carry merchandise from sister retailer Eastern Mountain Sports within the next few months. It’s also planning two other Connecticut stores in Hamden and Southington.
Dick’s SG Closes Store in Binghamton
Dick’s Sporting Goods closed its store in Vestal, NY, while opening a House of Sport in nearby Johnson City.
Vista Outdoor’s Sporting Products Business To Be Rebranded as The Kinetic Group
Vista Outdoor, Inc. announced its new name and identity that will be effective following the planned spinoff of Vista Outdoor’s Outdoor Products business. Post-spin, Vista Outdoor will be rebranded as The Kinetic Group, a name “that surfaced among employees during the naming process and represents the energy behind the company and its leading ammunition brands,” […]
Nox Cycles Makes Key Sales and Marketing Hires
Nox Cycles, the manufacturer of e-mountain bikes in Zillertal, Austria, hired Andreas Barth as area sales manager for Southern Germany, Jochen Mang as area sales manager for Austria and Peter Auböck as digital marketing and social media manager.
NRF Economist Sees Consumer Spending Growth Slowing
U.S. consumers are still buying more than last year, but spending growth has slowed as the economy settles down amid higher interest rates intended to reduce inflation, National Retail Federation Chief Economist Jack Kleinhenz said Thursday.
SportChek’s Sales Flattish in Second Quarter
Canadian Tire Corporation, Ltd. reported SportChek’s comparable sales were up 0.1 percent in the second quarter ended July 1. Team sports and lifestyle footwear grew, while athletic clothing and outerwear were down. Canadian Tire’s overall comps were up 0.1 percent.
Sportsman’s Warehouse Opens 9th Store in Colorado
Sportsman’s Warehouse Holdings Inc. opened its second location in Colorado Springs, marking its ninth in Colorado.
Yeti Holdings Lifts EPS Outlook On Margin Improvement
Yeti Holdings, Inc. reported earnings and sales declined in the second quarter in part due to its soft cooler recall. Sales on an adjusted basis increased 2 percent and both earnings and sales topped analyst targets. Yeti raised its EPS guidance for the year and predicted a return to double-digit growth in the fourth quarter.
Wolverine World Wide, Inc. Cuts 2023 Outlook After Disappointing Q2 Results
Revenue for Q2 declined 17.3 percent in constant-currency terms to $589.1 million, compared to $713.6 million in the year-ago quarter. Revenue from the ongoing business was $578.2 million, declining 13.8 percent on a constant-currency basis.
Wolverine Worldwide Appoints New CEO as Brendan Hoffman Departs
The Board of Directors appointed Chris Hufnagel as president and CEO of the company and a member of the Board of Directors, effective immediately. He succeeds Brendan L. Hoffman, who is no longer with the company
ThredUp Inc. Narrows Q2 Loss on Revenue Increase, RaaS Ramp-Up
The company reported 1.7 million Active Buyers and Orders of 1.8 million in the second quarter, representing a decrease of 0.8 percent and an increase of 5 percent, respectively, year-over-year.
Cordura Brand Appoints European Business Development Manager
Invista’s Cordura brand hired Ruud Vermeij as European business development manager for the Cordura brand, responsible for developing and executing the commercial strategy for growing its consumer business in Europe.
Topgolf Callaway Gets Double-Digit Q2 Lift from Topgolf; Callaway Flat
The revenue increase was said to be driven by strong 16.6 percent growth at Topgolf, including approximately 1 percent same-venue sales growth.The result came despite an $8.0 million negative impact from FX rate variances.
Allbirds Posts Q2 Loss on 10 Percent Sales Drop
Allbirds, Inc. reported a loss on a 10 percent sales decline in the second quarter but said it had made progress in its turnaround program focused on reducing inventory levels, lowering operating cash use and controlling expenses.
Johnson Outdoors Hires Industry Vet to Run Fishing Business
The company hired Bill Kirchner as group vice president, Fishing segment, reporting to CEO Helen Johnson-Leipold and was appointed as a member of the company’s executive committee.
