SGB Update Outdoor
Western Mountain Destinations Bookings Running Down Slightly
Occupancy on-the-books is down 2.2 percent compared to last summer at this time in seven western states, according to the most recent monthly Market Briefing released by DestiMetrics, a division of Inntopia.
Columbia Sportswear Names Chief Product Officer, Columbia Brand
Columbia Sportswear Company hired Woody Blackford as senior vice president and chief product officer for the Columbia Brand. Blackford is returning to Columbia, where he previously worked for 14 years, culminating in the position of VP of global design and innovation.
Trove Secures $30 Million In Funding Round
Resale tech platform Trove reported it raised $30 million in a Series E funding round, bringing its total funding to over $150 million.
Nikwax Names New Global CEO
Nikwax promoted Brian Davidson to CEO of its global business. Davidson will retain his position as president of Nikwax North America.
Study: Luxury Retailers Brace for Rise in Losses to Theft and Security Issues
A new global research survey asked luxury retailer senior executives with a total annual turnover of $3.1 billion across the U.S., South America, Europe, Africa, and Asia revealed that 62 percent expected a rise in losses to theft over the next three years.
Blain’s Farm & Fleet Names New President
Blain’s Farm & Fleet, a family-owned company for 68 years, promoted Mark Hasting to president, the first time a non-family member has held the position, in addition to his chief commerce and operating officer role. Jane Blain Gilbertson, the owner of Blain’s Farm & Fleet and Blain Supply, Inc., will remain CEO.
Foundation Outdoor Group Adds to Brand Portfolio with Two Acquisitions
The company has acquired Mud Hole Custom Tackle, Inc. and American Tackle Company International, Inc. The company said the move positions the company as the “industry’s largest supplier of fishing rod components, supplies, equipment, and rod building instruction.”
La Sportiva Acquires Majority Stake in Meet Italia
La Sportiva reported it acquired a majority stake in the Veneto-based company Meet Italia, a manufacturer that produces Made in Italy mountain footwear and with a strategic partner that has been in place for over twenty years.
Canada Goose’s Debt Ratings Upgraded on DTC Focus/China Rebound
S&P Global Ratings raised its credit ratings on Canada Goose as it sees a continued focus on the higher-margin, direct-to-consumer segment and recovering sales in China helping the outerwear maker’s performance going forward.
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.
