SGB Update Outdoor
KOA Reports Small Revenue Gain in First Half
Kampgrounds of America, Inc. reported continued growth, sharing that revenue had improved by 2 percent year-over-year. Following years of record-breaking same-store revenue, KOA forecasted more positive change, with advanced deposits up 9.5 percent over 2022.
Clarus Lowers Outlook as Q2 Sales Decline 27 Percent
Clarus Corp. trimmed its outlook for the year after reporting second-quarter results fell below analyst expectations due to promotional pressure and prolonged inventory de-stocking. Sales were down 27 percent, sliding 24 percent at Black Diamond, 27 percent at the Sierra/Barnes ammunition segment and 34 percent at its Adventure segment (Rhino-Rack, Maxtrax).
Equip Names New Sales VP for Rab and Lowe Alpine
Rab and Lowe Alpine has named Ross Herr to the company’s new position of VP of U.S. Sales, putting a proven industry veteran in charge of the sales direction for both brands in the United States.
Quicksilver’s Global General Manager Resigns at Boardriders
Brad Blankinship, Quiksilver’s general manager since November 2021, confirmed on LinkedIn reports that he had resigned from the company.
Topo Designs Names New CEO
Topo Designs, the Colorado-based outdoor brand, promoted Matt Williams, effective immediately, to CEO. Previously Williams was the company’s chief operating officer. He succeeds Co-Founder Mark Hansen, who is retaining his seat on Topo Designs’ Board of Directors.
Nordstrom Rack to Open Store in Queen Creek, AZ
Nordstrom, Inc. plans to open a new Nordstrom Rack in spring 2024 in Queen Creek, AZ. Nordstrom Rack is the off-price retail division of Nordstrom, Inc.
Camping World To Acquire RV Arizona
Camping World Holdings, Inc. plans to acquire RV Arizona Consignment Specialists in El Mirage, AZ, with a close date in Q4 2023.
NRF Launches Center for Digital Risk and Innovation
The Center is expected to serve as the focal point for NRF’s engagement on technology issues that have significant policy and risk management implications for the global retail industry.
BRC: British Retail Foot Traffic Recovers as Outlets Fuel Growth
The data shows that much of the footfall recovery in July was shored up by strong performance in outlet retail, as shoppers turn to discount formats to make spend go further.
Xero Shoes CPO, Dennis Driscoll, Retiring After 44-Year Footwear Career
Long-time global footwear industry veteran Dennis Driscoll is retiring on September 1 after more than 44 years. He has served as chief product officer for Xero Shoes since 2012.
Yamaha Marine Looks to Suzuki for Technology Chief Role
The Yamaha U.S. Marine Business Unit hired Grant Suzuki as chief of technology, Advanced Marine Systems, focused on leading and building-out Yamaha’s C.A.S.E. strategy.
Newell Brands Debt Ratings Downgraded
S&P Global Ratings lowered its debt ratings on Newell Brands, Inc. due to its expectations that the company’s debt leverage would remain higher for longer after a weak first half of 2023 and finish the year at well over 5.5x.
REI Co-op to Open Store in Beaverton, OR
REI Co-op reported it plans to open a store in Beaverton, OR in spring 2024. As the anchor tenant at Walker Center, the store’s footprint will be 39,512 square feet at 2780 SW Cedar Hills Boulevard.
Delta Apparel Logs Q3 Loss As Sales Decline Double-Digits
Delta Apparel Inc. posted a loss in the fiscal third quarter ended July 1 due to efforts to reduce production levels to rebalance inventories in the marketplace as well as from inflationary pressures on cotton. Delta said the inventory and inflationary pressures are receding.
Fox Factory Posts Flattish Q2 Sales Growth Despite Shrinking Specialty Sport Group
A 1.5 percent revenue decrease for Q2 reflects a 41.0 percent decrease in Specialty Sports Group net sales, offset by a 32.6 percent increase in Powered Vehicles Group and 26.2 percent growth in the Aftermarket Applications Group net sales.
