SGB Update Outdoor
Authentic Closes on Acquisition of Boardriders
Authentic issued a quick statement late Friday morning that it had closed on the acquisition of street- and actions sports-lifestyle brands Quiksilver, Billabong, Roxy, RVCA, DC Shoes, Element, VonZipper, Honolua, and Boardriders.
REI to Open in Ithaca, NY
REI Co-op plans to open a store in Ithaca, NY in the summer of 2024 and hire approximately 50 employees.
RVIA: 16 Million RV Travelers Will Hit the Road for Labor Day
Of the 95 million leisure travelers in the U.S. planning to travel over Labor Day weekend, 16 million intend to do so in an RV, according to a recent survey conducted by Cairn Consulting for the RV Industry Association.
Fjällräven Opens Palo Alto Store
Fjällräven expanded its global retail footprint by opening a new brand store in Palo Alto, CA.
Academy Sports’ Q2 Tops Wall Street Targets
Academy Sports and Outdoors, Inc. reported second-quarter earnings came in just ahead of analyst expectations. Same-store sales declined 7.5 percent in the quarter but improved throughout the quarter. Academy reiterated its sales guidance while raising its EPS outlook due to share repurchases.
Redarc Electronics Makes Four Key Sales & Marketing Hires
Hires include, Greg Gorski as global marketing director, Gary Langbo as the general manager of sales, North America, Savannah Goodwin as North American strategic marketing manager, and Doug Larsen as global website and e-commerce manager.
Lands’ End, Inc. Sees Q2 Loss Widen Despite Expanding Gross Margins
The company reported second-quarter net revenue decreased 7.9 percent to $323.3 million in the three-month period ended July 28, compared to $351.2 million in the second quarter of fiscal 2022.
Midwest Mountaineering to Close After 53-Year Run
The Minneapolis store reported losing money every month in 2023 through July and with declining sales for the last seven years except when outdoor gear sales saw a brief surge at the height of the pandemic.
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.
