SGB Update Outdoor
Amer Sports’ Debt Ratings Upgraded By S&P
S&P Global Ratings upgraded the debt ratings of Amer Sports Holding Oy due to the company’s robust operating performance, thanks to a strong performance in China, the continuous acceleration of the Arc’teryx brand, and positive momentum in its footwear division driven by the Salomon brand. Amer’s sales grew 30.3 percent in 2022.
VF Corp. Appoints New CEO to Lead Parent of The North Face, Vans And Timberland
VF Corporation’s Board of Directors appointed Bracken Darrell as president and CEO, effective July 17. Darrell joins VF Corp. from Logitech International SA, where he has been president and CEO since 2013.
Norwegian Sports Retailer Issues Warning On Q2 Profits
Norwegian sports retailer XXL warned it expects to report a loss in the second quarter due to “weak consumer sentiment and reduced demand for sporting goods in general.”
Dick’s Sporting Goods Warehouse Opens At Austin Landing
Dick’s Sporting Goods reportedly converted its Field & Stream store at Austin Landing in Miamisburg, OH, to a Dick’s Sporting Goods Warehouse store.
Signa Sports United NA Bike Division Makes Two Key Hires
The North American division of Signa Sports United (SSU) hired Lacy Kemp as Nukeproof brand manager and Pace Roghaar as graphic designer for the SSU portfolio of brands.
Smith Optics Parent Reorganizes North America, Global Sport Leadership
Safilo Group, parent company of the Smith Optics brands and licensee for a range of lifestyle and sport brands such as Under Armour, is making a range of organizational changes in its North American market and global Sport Channel.
U.S. Consumer Sentiment Rises To Four-Month High
Consumer sentiment jumped 7.9 percent month-to-month to 63.9, in the first two weeks of June, reaching its highest level in four months, according to preliminary data from the University of Michigan survey of consumers.
Zamberlan Appoints New U.S. General Manager
Zamberlan hired industry veteran Bob Whip as U.S. general manager. Outgoing GM Phil Benson has taken a principal role within private equity in partnership with Novastone Capital Advisors and will remain in the outdoor industry.
Huish Outdoors Recalls Scuba Diving Regulators
About 4,500 Oceanic and Hollis scuba diving regulators from Huish Outdoors, based in Salt Lake City, UT, are being recalled.
NRF Foundation Adds Four Members To Board Of Directors
The NRF Foundation reported adding four new members to its Board of Directors, elected during the organization’s summer board meeting in New York City.
Overland Expo West 2023 Sees Record Attendance
Overland Expo, part of the portfolio of events owned and managed by Emerald Holding, Inc. serving the Outdoor industry, including Outdoor Retailer and Surf Expo, reportedly saw record attendance following the conclusion of its Overland Expo West event, held May 19-21 at Ft. Tuthill in Flagstaff, AZ.
Walmart Opens Its Largest Fulfillment Center Outside Indianapolis
Walmart celebrated the grand opening of a new 2.2 million-square-foot fulfillment center twenty miles northeast of Indianapolis in McCordsville, IN. The next-gen facility is Walmart’s largest fulfillment center to date and enable the retailer to fill orders more quickly.
Monarch Alternative Capital Forms Go Outdoors Investment Platform
Monarch Alternative Capital LP, an investment firm with approximately $11 billion of assets under management, formed Go Outdoors, a platform to acquire, develop and operate marinas and RV resorts in the U.S.
Outdoor Product Sales A Reflection Of Shifting Post-Pandemic Lifestyle Trends
Sales across the $28 billion U.S. outdoor industry declined by 1 percent in the 12 months ending April 2023, versus the comparable prior-year period, impacted by consumers spending less on big-ticket equipment items and instead buying backpacks, blankets, camping accessories, and other versatile products.
Retail Market Breathes A Sigh Of Relief As West Coast Ports Deal Reached
The Pacific Maritime Association (PMA) and the International Longshore and Warehouse Union (ILWU) announced a tentative agreement on a new six-year contract covering workers at all 29 West Coast ports.
