SGB Update Outdoor
REI Opens Distribution Center in Tennessee
The 400,000-square-feet DC reportedly “complements REI’s three existing distribution centers in Bedford, PA; Goodyear, AZ; and Sumner, WA.”
Report: U.S. Consumer Sentiment Drops to 8-Month Low in July
The University of Michigan’s consumer sentiment index fell to 66.4 in July from June’s 68.2. Economists polled by FactSet had expected the reading to come in at 66.5.
Lâmo Sheepskin Rebrands to Reflect Category Expansion
The pivot to the new brand name Mykos reflects the company’s move to become a “more extensive footwear destination, with a collection of sandals, boots, slippers, moccasins, and sneakers that symbolize an active lifestyle.”
Camber Outdoors to Cease Operations in August
The Camber Board and Leadership reported it will cease operations in late August 2024 because of “continued industry headwinds combined with the fact that outdoor industry companies are moving beyond the focused workplace tools that Camber Outdoors traditionally has provided,”
Outdoor & Recreation Segment Falls 18.2 Percent for Newell Brands in Q2
The parent company of Marmot, Ex Officio, Stearns, Bubba, Coleman, and Contigo reported that its Outdoor & Recreation segment actually fell 22.5 percent due to the impact of currency adjustments.
Salewa Adds New Indie Sales Agency for Northwest Territory
The company hired Brian Anthony and his independent sales agency, Anthm Industries, to represent Salewa in the PNW, leading sales initiatives in Washington, Oregon, Idaho, Montana, and Alaska.
Report: Decathlon in Talks to Acquire Stake in Spain’s Tradeinn
The e-tailer, based near Girona in Spain, sells sports equipment and clothing online via about 20 specialist sites, including Diveinn for diving, Goalinn for football, Trekkinn for outdoor equipment, and Smashinn for tennis and padel.
Columbia Sportswear Beats Q2 EPS Estimates but Misses on Sales
North America led the world lower as bot the U.S. and Canada both posted negative sales growth for the quarter. Mountain Hardwear was a winner for Q2, while Sorel and Prana posted DD declines. Columbia brand was down 4 percent year-over-year.
Deckers Brands Blows Past Fiscal Q1 EPS Targets on Hoka Momentum
Earnings in the fiscal first quarter ended June 30 came in well ahead of analyst targets, boosted by a spike in gross margins and 22.1 percent sales growth. Hoka once again led top-line gains, which saw sales jump 29.7 percent. Ugg’s sales gained 14.0 percent.
CPSC Recalls Camzimo Bicycle Helmets Due to Risk of Head Injury
The CPSC advises customers who purchased the helmets to “cut the straps and dispose of the bicycle helmets immediately. Do no sell or give them away these hazardous bicycle helmets.”
Report: Travel Trailers Drive Growth for June Total RV Shipments
Travel Trailers was the only positive category in the total RV shipments, growing 16.3 percent and accounting for the positive shipments for All Towable RVs.
Robalo and Chaparral Parent Sees Q2 Profits Sink as Sales Fall 40 Percent
The decrease in net sales was primarily due to a 41 percent decrease in the number of boats sold during the quarter. Price/mix was up 1 percent, driven by higher gross selling prices.
Cirrus Cycles Appoints Lindsay Cousley as New President
Prior to consulting, Cousley reportedly spent 20-plus years driving sales across multiple brands in the outdoor, run and bicycle specialty channels including 2XU, Nathan, Crumpler, and Bridgedale Socks.
Nite Ize Secures Shape Trademark for S-Biner Dual Carabiner
The company secured a trademark for the visual appearance of its S-Biner Dual Carabiner in stainless steel and plastic from The U.S. Patent & Trademark Office.
Escalade Posts Q2 Sales and Profit Declines as Consumer Demand Contracts
Weak demand and channel inventory de-stocking, particularly in the indoor/outdoor games categories, was partly offset by growth in the company’s Stiga table tennis, Bear Archery and Brunswick Billiards brands.
