SGB Update Outdoor
ORR Launches Hub for Growing Outdoor Workforce
The Outdoor Recreation Roundtable launched an Outdoor Workforce Hub on its website, developed with support from The VF Foundation, for employers, educators, those interested in joining the outdoor recreation industry, and those looking to expand their careers.
Smith’s Sporting Group Acquires Tanners Team Sports
Smith’s Sporting Group reported it acquired Tanners Team Sports, Inc. The two companies distribute over 1,000 products worldwide and nationally through specialty retailers and big box stores.
Report: Americans Continue to See Cathartic Relief in Recreational Fishing
Following a record increase in participation in 2020, Americans continue to find enjoyment, companionship, and peace of mind on the water, according to data from the latest Recreational Boating & Fishing Foundation’s Special Report on Fishing.
Rip Curl, Oboz Parent Reiterates NZ$1.1 Billion Sales Outlook for Fiscal Year
KMD Brands, the parent company of Rip Curl, Oboz and Kathmandu brands, reported it is on track to deliver a record A$1.1 billion in full-year sales, despite softening consumer sentiment in the fiscal fourth quarter.
TMC Ltd Names Director Business Development Europe
TMC, Ltd., owner of the Nuyarn and Herculan technologies and innovators in the performance yarn and fabric space, hired Timo Pape as director of business development in Europe.
On Holding Secures CHF 700 Million Credit Facility
On Holding AG said in a regulatory filing that it had entered into a CHF 700 million multicurrency credit facility agreement led by UBS Switzerland AG.
Coats Sells Opti Zips EMEA Business Operations
Coats Group plc, the manufacturer of thread and structural components for apparel and footwear, entered into an agreement to sell its Opti Zips EMEA business to Aequita, a Gemany-based private equity firm.
Eagle Creek Adds New Sales Agency for Southeast U.S.
Eagle Creek hired Effort, Inc. for sale representation in the Southeast, including NC, SC, TN, GA, FL, AL, and MS, effective immediately.
Grassroots Sees a Mostly Positive Outlook at Connect; Inventory Still a Worry
Grassroots Outdoor Alliance (GOA) reported that specialty retail has had a strong year-to-date for 2023 as more than half of Grassroots retailers met or exceeded 2022 growth.
KOA Reports Double-Digit Registration Growth for Fourth of July
The 2023 Fourth of July holiday results across Kampgrounds of America, Inc.’s (KOA) campgrounds showed an increase in registration revenue of more than 12 percent over the prior year’s record results.
Suunto is Latest Brand to Drop Prices on Key Models
In a move to make its products more affordable to consumers, Suunto dropped prices on various watch models, effective July 10. Discounts are being offered up to 33 percent on key products.
Bote Opens Flagship in Austin, TX
Bote opened its latest retail store in Austin, TX. The new 3,400-square-foot space showcases the brand’s line of paddleboards, kayaks, docks, floats, and accessories and includes a communal space for events and paddle demos.
Academy Sports + Outdoors Appoints New CFO in Role Transition
Academy Sports + Outdoors Inc. promoted Carl Ford to executive vice president and chief financial officer, effective July 12. He succeeds Michael Mullican who recently transitioned to president.
Rad Power Bikes To Shutter European Operations
Seattle-based Rad Power Bikes reported it will close its EU operations in 2023 to refocus on the North American market. The company has been selling its bikes in Europe since 2018.
Study: June Mall Index Finds Mall Visits on the Rise Again in the U.S.
After four straight months of year-over-year visit declines, indoor malls, open-air lifestyle centers and outlet malls saw YoY visits rebound significantly in June 2023.
