SGB Update Outdoor
U.S. Trade Activity Rebounds But Global Trend Continues to Weaken
Volume of new orders and invoices exchanged between U.S. buyers and their suppliers grew at 3 points above its expected range in Q2, recovering from a level 6 points below the baseline in the previous two quarters.
Christy Sports Launches Site to Sell Used Rental Gear
Christy Sports launched an online resale marketplace called Yard Sale, accessible through its website. Yard Sale will initially feature “pre-loved” adult ski and snowboard rental equipment.
Brunswick Corp. Warns on IT Security Event Impact on Q2, Full Year EPS
Brunswick Corp. said the preliminary results are below initial expectations for the quarter due solely to the impacts of the recent IT security incident that was disclosed in June. Full-year Adjusted EPS expectations are estimated at approximately $9.50 per share.
Aspen One Names CEO
Aspen One, the newly-named parent of the Aspen Skiing Company, Aspen Hospitality and ASPENX, hired David Tanner as CEO. Previously, Tanner was the CEO of Boardriders, Inc. and a partner at Oaktree Capital Management.
Retail Sales Up Again in June Despite Slower Job Growth
The U.S. Census Bureau is reporting overall retail sales in June were up 0.2 percent from May and up 1.5 percent year-over-year (YoY). Sporting goods stores were down 1 percent MoM seasonally adjusted and down 0.9 percent unadjusted YoY.
Dutch E-Bike Maker VanMoof Declared Bankrupt
Dutch e-bike manufacturer VanMoof has been declared bankrupt in the Netherlands. The company had entered into a “suspension of payment” proceeding with court-assigned administrators last week to avoid bankruptcy proceedings while pursuing options to reduce debt, including a sale.
General RV Center Adds First North Carolina Dealership
General RV Center plans to open a location in Salisbury, its first in North Carolina and 16th overall. The location is expected to open in fall 2024 and will be located approximately 40 miles north of Charlotte in Rowan County, NC.
Academy Is Opening Two More Stores In Central Texas In F23
Academy Sports and Outdoors, Inc. reported it will open two new stores in Central Texas this fall in Brenham and Kyle, respectively and is on track to open 13-to-15 stores in 2023, with the goal of opening 120-to-140 new stores by the end of 2027.
Wolverine World Wide, Inc.’s Debt Ratings Outlook Lowered
S&P Global Ratings revised its outlook on Wolverine World Wide Inc. due to the footwear company’s recent underperformance and challenging conditions going forward.
Oberalp Group Extends Italian Distribution for Fischer for Five Years, Adds One/Way Brand
The Oberalp Group has been the distribution partner for the traditional Austrian brand Fischer in Italy since 2012 and will remain so until 2028. For the first time, the Oberalp Group has been secured the distribution rights of the One/Way brand, which is also owned by Fischer Sports.
Thule Group Appoints New CFO
Thule Group appointed Toby Lawton as chief financial officer and a Group management team member based at its Headquarters in Malmö, Sweden. Lawton will assume his position latest in January 2024.
Camping World Names Chief Administrative and Legal Officer
Camping World Holdings, Inc. promoted Lindsey Christen to chief administrative and legal officer. Most recently, Christen was the company’s executive vice president and general counsel. She will continue in her role as secretary of Camping World.
Signa Sports Adds Accell Group’s Former CEO to Board
Signa Sports United N.V. (SSU) announced plans to appoint Anthonie Anbeek, most recently CEO of Accell Group, to its Board of Directors, effective April 1, 2024.
Canada Ports Strike to End After Tentative Deal Is Reached
A 13-day-old strike that disrupted shipments at Canada’s western ports, including the Port of Vancouver and Prince Rupert, is scheduled to end after the dockworkers’ union and a group of employers agree on a tentative deal.
Report: Footwear Retailers Top Retail Foot Traffic Gains Since 2020
Shoe store visits quickly bounced back following the first days of the pandemic when restrictions all but sidelined retail foot traffic and Nike, WSS and Boot Barn look to be well positioned for continued growth for back-to-school based on a report from Placer.ai.
