SGB Update Outdoor
Western Mountain Destinations See Pick-Up in Summer Bookings
Summer is in full swing in mountain communities focused on hiking, biking, paddling and outdoor concerts, with a handful of resorts still offering limited skiing and riding. Positive economic news in June spurred an uptick in summer bookings, according to DestiMetric’s most recent monthly Market Briefing.
VanMoof Explores Sale Under Court Protection
Dutch e-bike manufacturer VanMoof reportedly applied to a local Dutch court and received an official suspension of payment provision to avoid bankruptcy proceedings while pursuing options to reduce debt, including a sale.
Amazon Sees ‘Biggest Ever’ Prime Day
U.S. online sales rose 6.1 percent to $12.7 billion during Amazon’s Prime Day two-day sales from July 11- 12, according to Adobe Analytics, which measures transactions at U.S. retail sites. Amazon called the first 24 hours of Prime Day the “single largest sales day in company history,” but did not disclose total sales.
Outdoor Market Alliance Names New Board President
Outdoor Market Alliance (OMA), Denver’s outdoor industry hub, named Steve Copeland as board president.
Indiana’s Bart’s Water Sports Heads to Auction Block
Bart’s Water Sports, founded in 1972 and based in North Webster, IN, will be offered for sale at auction on September 5, 2023.
Camping World Opens Location in Oshkosh
Camping World Holdings, Inc. opened an RV dealership at 3855 S. Washburn Street in Oshkosh, WI.
Zumiez, Inc. Appoints Foot Locker, Inc. Vet to Board
Zumiez, Inc. appointed Guy M. Harkless to its Board of Directors to serve as an independent Class II director for a term expiring at the company’s 2025 annual meeting of shareholders. Harkless will also serve on Zumiez Audit Committee.
ORR Launches Hub for Growing Outdoor Workforce
The Outdoor Recreation Roundtable launched an Outdoor Workforce Hub on its website, developed with support from The VF Foundation, for employers, educators, those interested in joining the outdoor recreation industry, and those looking to expand their careers.
Smith’s Sporting Group Acquires Tanners Team Sports
Smith’s Sporting Group reported it acquired Tanners Team Sports, Inc. The two companies distribute over 1,000 products worldwide and nationally through specialty retailers and big box stores.
Report: Americans Continue to See Cathartic Relief in Recreational Fishing
Following a record increase in participation in 2020, Americans continue to find enjoyment, companionship, and peace of mind on the water, according to data from the latest Recreational Boating & Fishing Foundation’s Special Report on Fishing.
Rip Curl, Oboz Parent Reiterates NZ$1.1 Billion Sales Outlook for Fiscal Year
KMD Brands, the parent company of Rip Curl, Oboz and Kathmandu brands, reported it is on track to deliver a record A$1.1 billion in full-year sales, despite softening consumer sentiment in the fiscal fourth quarter.
TMC Ltd Names Director Business Development Europe
TMC, Ltd., owner of the Nuyarn and Herculan technologies and innovators in the performance yarn and fabric space, hired Timo Pape as director of business development in Europe.
On Holding Secures CHF 700 Million Credit Facility
On Holding AG said in a regulatory filing that it had entered into a CHF 700 million multicurrency credit facility agreement led by UBS Switzerland AG.
Coats Sells Opti Zips EMEA Business Operations
Coats Group plc, the manufacturer of thread and structural components for apparel and footwear, entered into an agreement to sell its Opti Zips EMEA business to Aequita, a Gemany-based private equity firm.
Eagle Creek Adds New Sales Agency for Southeast U.S.
Eagle Creek hired Effort, Inc. for sale representation in the Southeast, including NC, SC, TN, GA, FL, AL, and MS, effective immediately.
