SGB Update Outdoor
Winnebago’s Fiscal Q3 Revenues Slide 38 Percent
Winnebago Industries reported earnings per share on an adjusted basis were down 48.4 percent in the fiscal third quarter ended May 27 as sales dropped 38.2 percent. Steep sales declines in towables and motorhomes offset a small gain in boat sales. Earnings topped analyst targets.
Pentland Brands Appoints New CFO
Pentland Brands appointed seasoned executive Graham Burridge as its new chief finance officer (CFO). Burridge has over two decades of experience in the consumer and retail sector, having held notable roles at WPP, Disney and Apple.
Christy Sports Opens Re-Branded Big Sky Location
Christy Sports opened its newly rebranded store in Big Sky, MT, previously Grizzly Outfitters. The store is now Christy Sports Big Sky Town Center and marks Big Sky, Montana’s second Christy Sports location.
Mountain Khakis Appoints Sales Group For Eastern Canada
Mountain Khakis hired the The Outside Group to represent the brand in Eastern Canada. The Outside Group was founded in 1999 by principal Ron Barr and also includes Daniela Michaud and Rob Dunlop who operate through the group’s showroom and offices in Toronto, Ontario, Canada.
Amer Sports’ Debt Ratings Upgraded By S&P
S&P Global Ratings upgraded the debt ratings of Amer Sports Holding Oy due to the company’s robust operating performance, thanks to a strong performance in China, the continuous acceleration of the Arc’teryx brand, and positive momentum in its footwear division driven by the Salomon brand. Amer’s sales grew 30.3 percent in 2022.
VF Corp. Appoints New CEO to Lead Parent of The North Face, Vans And Timberland
VF Corporation’s Board of Directors appointed Bracken Darrell as president and CEO, effective July 17. Darrell joins VF Corp. from Logitech International SA, where he has been president and CEO since 2013.
Norwegian Sports Retailer Issues Warning On Q2 Profits
Norwegian sports retailer XXL warned it expects to report a loss in the second quarter due to “weak consumer sentiment and reduced demand for sporting goods in general.”
Dick’s Sporting Goods Warehouse Opens At Austin Landing
Dick’s Sporting Goods reportedly converted its Field & Stream store at Austin Landing in Miamisburg, OH, to a Dick’s Sporting Goods Warehouse store.
Signa Sports United NA Bike Division Makes Two Key Hires
The North American division of Signa Sports United (SSU) hired Lacy Kemp as Nukeproof brand manager and Pace Roghaar as graphic designer for the SSU portfolio of brands.
Smith Optics Parent Reorganizes North America, Global Sport Leadership
Safilo Group, parent company of the Smith Optics brands and licensee for a range of lifestyle and sport brands such as Under Armour, is making a range of organizational changes in its North American market and global Sport Channel.
U.S. Consumer Sentiment Rises To Four-Month High
Consumer sentiment jumped 7.9 percent month-to-month to 63.9, in the first two weeks of June, reaching its highest level in four months, according to preliminary data from the University of Michigan survey of consumers.
Zamberlan Appoints New U.S. General Manager
Zamberlan hired industry veteran Bob Whip as U.S. general manager. Outgoing GM Phil Benson has taken a principal role within private equity in partnership with Novastone Capital Advisors and will remain in the outdoor industry.
Huish Outdoors Recalls Scuba Diving Regulators
About 4,500 Oceanic and Hollis scuba diving regulators from Huish Outdoors, based in Salt Lake City, UT, are being recalled.
NRF Foundation Adds Four Members To Board Of Directors
The NRF Foundation reported adding four new members to its Board of Directors, elected during the organization’s summer board meeting in New York City.
Overland Expo West 2023 Sees Record Attendance
Overland Expo, part of the portfolio of events owned and managed by Emerald Holding, Inc. serving the Outdoor industry, including Outdoor Retailer and Surf Expo, reportedly saw record attendance following the conclusion of its Overland Expo West event, held May 19-21 at Ft. Tuthill in Flagstaff, AZ.
