SGB Update Outdoor
Survey Shows Americans Increasingly Seek Outdoor Adventures
Winnebago Industries’ third annual spotlight survey shows Americans are increasingly looking to the outdoors and road trips to improve mental well-being and to combat the rising costs of flights, lodging and car rentals.
Vista Outdoor Foundation Names Board President
The Vista Outdoor Foundation, the philanthropic arm of Vista Outdoor Inc., announced that its Board of Directors had unanimously elected Diane Bristol as Board President. Bristol is the vice president of Culture & Community for Simms Fishing Products, a Vista Outdoor brand.
Hunter Boots Falls Into Administration
Hunter Boots, which sold its intellectual property rights to Authentic Brands Group (Authentic) in early June, has gone into administration, the equivalent of bankruptcy in the U.K.
Four Points RV Resorts Adds Indiana Jellystone Park Franchise to Growing Portfolio
Four Points RV Resorts, LLC has completed the acquisition of Yogi Bear’s Jellystone Park Camp-Resort in Bloomington. Four Points, launched in 2020 by Sean Vidrine and Matt Van Der Molen, now owns and operates four Jellystone Park franchises, as well as two independent RV Resorts.
Academy Sports To Expand Into Greater Indianapolis
Academy Sports + Outdoors, Inc. announced plans to open its first two stores in Greater Indianapolis this fall in Westfield-Carmel and Avon.
Amazon Announces Prime Day 2023 Sales Event Dates
Amazon announced that the company’s 2023 Prime Day Sale will be held from July 11-12. As in previous years, Amazon Prime Day is a 48-hour sale offering Prime members-only discounts. Last year, Amazon Prime Day ran in more than 20 countries from July 12-13.
Stan’s NoTubes Names Sales Chief
Stan’s NoTubes, based in Big Flats, NY, hired Brett Hahn as global sales director for all channels. Hahn has held multiple positions at companies, including Yeti Cycles and rubber giant Continental Tires.
Backcountry To Open Retail Location At The Grove In Los Angeles
Backcountry, the specialty retailer selling outdoor gear and apparel, plans to open a brick-and-mortar store at The Grove in Los Angeles in July—one of three new stores for 2023.
Winnebago’s Fiscal Q3 Revenues Slide 38 Percent
Winnebago Industries reported earnings per share on an adjusted basis were down 48.4 percent in the fiscal third quarter ended May 27 as sales dropped 38.2 percent. Steep sales declines in towables and motorhomes offset a small gain in boat sales. Earnings topped analyst targets.
Pentland Brands Appoints New CFO
Pentland Brands appointed seasoned executive Graham Burridge as its new chief finance officer (CFO). Burridge has over two decades of experience in the consumer and retail sector, having held notable roles at WPP, Disney and Apple.
Christy Sports Opens Re-Branded Big Sky Location
Christy Sports opened its newly rebranded store in Big Sky, MT, previously Grizzly Outfitters. The store is now Christy Sports Big Sky Town Center and marks Big Sky, Montana’s second Christy Sports location.
Mountain Khakis Appoints Sales Group For Eastern Canada
Mountain Khakis hired the The Outside Group to represent the brand in Eastern Canada. The Outside Group was founded in 1999 by principal Ron Barr and also includes Daniela Michaud and Rob Dunlop who operate through the group’s showroom and offices in Toronto, Ontario, Canada.
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.”
