SGB Update Outdoor
KOA Names Two To Top Leadership Positions
Kampgrounds of America, Inc. (KOA) has named Jill Currier as SVP of operations for the owned properties of KOA and Bill Gottwals as SVP of franchise operations.
KMD Closes NZ$310 Million Debt Refinancing Tied To Sustainability
KMD Brands Limited, the parent company to the Rip Curl, Oboz and Kathmandu brands, has successfully refinanced its existing debt facilities with NZ$310 million of syndicated sustainability-linked multi-currency revolving facilities.
Solid Rip Curl Q3 Growth Trails Oboz And Kathmandu Gains At KMD
KMD Brands, Ltd., in a financial update, reported sales for the third quarter ended April 30 rose 15.6 percent. Among its brands, sales grew 7.9 percent at Rip Curl, 11.3 percent at Kathmandu and 120.3 percent at Oboz.
Darn Tough Sees Merger Of Sales Representation Along Upper East Coast
Darn Tough Vermont will see the merger of two sales territories on the East Coast into one territory. The Mid-Atlantic-focused Hudson Valley Sales Group, led by Adam Shapiro, will join 20-year Darn Tough veteran Hal Ellms and the Pinnacle Outdoor Group which covers the New England territory.
LL Bean’s New HQ Grand Opening Set For June 15
L.L.Bean will celebrate the completion of its new 390,000-square-foot corporate headquarters in Freeport, ME on June 15, marking the close to an eight-year, $110 million campus redevelopment in the company’s longtime hometown.
Walmart Rides Strong Q1 Comp Sales Growth To 13 Percent Adjusted EPS Gain
Walmart, Inc. reported first-quarter consolidated revenue of $152.3 billion, up 7.6 percent, or 7.7 percent in constant-currency. Walmart U.S. posted 7.4 percent comp store sales growth. Adjusted EPS was up 13 percent to $1.47 a share.
Canada Goose Sales Expand 31 Percent In Fiscal Fourth Quarter
Canada Goose Holdings, Inc. reported a strong profit earnings uptick in the fiscal fourth quarter that ended April 2 as double-digit growth in Canada, EMEA and Asia Pacific offset a slight decline in U.S. sales that jumped 31 percent. Sales and EPS exceeded company guidance, and revenues are forecasted to climb 19 percent on average for the current fiscal year.
Boot Barn’s Q4 Same-Store Sales Drop 5.5 Percent
Boot Barn Holdings, Inc. reported sales fell steeper than expected in the fiscal fourth quarter ended April 1, but earnings rose slightly and topped guidance.
KÜHL Opens First Jackson Hole Store Location
KÜHL is opening its first retail store in Jackson Hole, WY on Friday, May 19. Located in the heart of town, this marks the launch of KÜHL’s fourth retail location in the U.S.
Teton Gravity Research To Open Pop-Up Retail Shop In Park City
Teton Gravity Research will open a pop-up retail shop in Park City, UT, over the Memorial Day weekend, marking the company’s latest move to expand its retail footprint.
Intense Cycles Hires VP Of Sales
Intense Cycles, based in Temecula, CA, added Mike Carr to its executive team as vice president of sales. He previously worked for Fox Racing and Polaris Industries.
Construction On Bass Pro’s Sayreville Set To Begin This Year
Construction of the long-awaited Bass Pro Shops at Sayreville, NJ, is scheduled to begin before the end of 2023.
Newell Brands Slashes Dividend
Newell Brands, Inc. announced that its Board of Directors and the management team updated its dividend policy to focus on funding supply chain investments and de-leverage. Newell Brands reduced its quarterly dividend to 7 cents a share. In February, the company declared a quarterly dividend of 23 cents a share.
Retail Sales Inch Up In April, Driven By Inflation; Sporting Goods Stores See Decline
Retail sales, which are adjusted for seasonality but not for inflation, rose 0.4 percent in April from the prior month, the Department of Commerce reported on Tuesday, following declines in March and February. The growth was still weaker than the 0.8 percent increase that economists expected, according to Refinitiv.
Deuter, Ortovox To Move Corporate U.S. Headquarters To Boulder
Deuter and Ortovox are preparing to move their U.S. corporate headquarters to Boulder, CO. The brands, owned by German-based Schwan-Stabilo Outdoor, hired NRI 3PL, a third-party logistics partner based in Fontana, CA, to provide fulfillment services for its U.S. network.
