SGB Update Outdoor
Lazydays RV Posts Q1 Loss As Revenues Fall 21 Percent; Opens New Iowa Dealership
Lazydays has opened a new dealership in Council Bluffs, IA located just east of Omaha, NE. The store is the company’s 20th location nationwide and is expected to add approximately $35 million in annualized revenue.
KOA: Camping Sentiment High As Memorial Day Projections Surpass 2022
The Kampgrounds of America, Inc.’s (KOA) Monthly Research Report, April 2023 Edition, found that more U.S. households plan to camp over this year’s Memorial Day Weekend. With 22.6 million households saying they want to spend time outdoors during the May holiday, camping sentiment returned to on-season numbers.
Black Diamond Parent Sees Q1 Revenues Decline 14 Percent
Clarus Corp. reported sales declined 14 percent in the first quarter as a small gain at Black Diamond was offset by an 18 percent drop in ammunition sales due to ongoing supply chain challenges as well as continuing weakness in its Adventure segment. Earnings on an adjusted basis were down 53.4 percent.
Winnebago Industries Completes Acquisition Of Lithionics Battery
Winnebago Industries, Inc. reported it completed its previously announced acquisition of Lithionics Battery, a lithium-ion battery solutions provider to the recreational equipment and specialty vehicle markets.
Anthropologie Group Appoints Three To New Leadership Roles
Anthropologie promoted Anu Narayanan to president of women’s apparel, accessories, weddings, and beauty. Holly Thrasher was named chief merchandising officer of apparel and weddings. Aaron Mutscheller joins Anthropologie Group as president of Anthropologie Home and Terrain.
GT Bicycles Names Head Of Product
GT Bicycles hired Mike Giese, as head of product, responsible for overseeing product development, engineering and the company’s graphic teams, primarily focused on industrial design.
Delta Apparel Elects New Member To Board Of Directors
Delta Apparel, Inc. has elected Dr. Bill C. Hardgrave to its Board of Directors.
Intersport France Set To Acquire Go Sport Out Of Receivership
The Grenoble Commercial Court in France has ruled that Intersport France will acquire French retailer Go Sport in partnership with Qatari firm Al-Mana. The Court’s unanimous opinion supported an Intersport/Al-Mana bid valued at €35 million.
St. Croix Rod Hires New England Reps
St. Croix Rod announced that Justin Sterner and the team at Outdoors East have taken over sales representation throughout New England for conventional rods and fly fishing in the states of Maine, New Hampshire, Vermont, Connecticut, Massachusetts, and Rhode Island.
Yeti Board Member Resigns
Yeti, Inc. said in a regulatory filing that Tracey Brown gave notice of her resignation from its Board of Directors effective May 4 for reasons related to her other professional responsibilities.
Thule’s First-Quarter Sales Decline 27 Percent
Thule Group reported earnings fell 48 percent in the first quarter as sales fell 27 percent on weakness in the bike category tied to high inventory levels in the channel.
Newell Brands Outdoor & Recreation Core Sales Fall 27 Percent In Q1; Swings To Loss
The Newell Brands Outdoor & Recreation segment, home to Marmot, Ex Officio, Stearns, Bubba, Coleman, and Contigo, generated net sales of $270 million in Q1 compared with $388 million in the prior-year period. Normalized operating income was $13 million, or 4.8 percent of sales, compared with $50 million, or 12.9 percent of sales, in the prior-year period.
Dickies Makes Three Key Product Leadership Appointments
Dickies has made two new appointments and one internal promotion to their product leadership team. The appointments come on the heels of the early April announcement that saw Todd Dalhausser, previously president of VF Corp’s Altra footwear brand, named as the new president of Dickies.
Columbia Sportswear Narrows 2023 Profit Outlook As Q1 Profits Contract Over 30 Percent
Columbia Sportswear Company reported that net sales increased 8 percent (10 percent constant-currency) to $820.6 million in the 2023 first quarter as net income decreased 31 percent. Inventories increased 34 percent at quarter-end on elevated carryover inventory, earlier receipt of current season inventory.
The Rossignol Group Posts 28 Percent Growth For 2022/23 Financial Year
The Rossignol Group, parent of the Rossignol, Dynastar, Lange, Look, and Kerma brands, reported that revenue increased 28 percent to €401 million for the 12-month financial year period ended March 31, 2023, compared to €313 million in revenue for the prior year.
