SGB Update Outdoor
Outdoor Industry Icon, Norm Cavallaro, Passes Away
Outdoor Industry icon Norm Cavallaro passed away on March 18 at 75 surrounded by his family. He was beloved in the industry as the founder and CEO of North Cove Outfitters and was a member of the OIA board. He also served as a brand ambassador for Swarovski Optik, reflecting his passion for birding.
Walmart Laying Off Thousands Of Warehouse Employees
Walmart is laying off hundreds of employees at its e-commerce fulfillment centers nationwide. The company said it made the cuts “to better prepare for the future needs of customers.”
Hest Adds Sales Agency For Rocky Mountain Region
Hest hired Redline Sports Group as a brand partner to expand its field teams in the outdoor specialty retail channel.
Manufacturers Report: Active Lifestyle Market Grew 4.3 Percent In 2022
Product sales in the sporting goods, fitness and related recreation markets grew 4.3 percent last year, building on record sales growth in 2021, according to the Sports & Fitness Industry Association’s 2023 Manufacturers Sales by Category Report.
Report: Sports Direct Eyes Merger With France’s Go Sport
Frasers Group Plc, the parent of Sports Direct and House of Fraser, is reportedly exploring acquiring France’s Go Sport chain out of insolvency as part of a broader plan to expand in Europe.
Bass Pro To Open Store In Midland, Its 17th In Texas
Bass Pro Shops reported plans to open a new store in Midland, TX in late 2024, the retailer’s 17th store in the state.
Kitsbow Cycling Apparel To Close
Kitsbow, the manufacturer of cycling apparel and accessories based in Old Fort, NC, is closing after being unsuccessful in securing funding, CEO David Bilstrom said in a post on Kitsbow.com.
Winnebago’s Q2 Revenues Decline 26 Percent As RV Demand Crashes
Winnebago Industries Inc. reported profits were down 42.1 percent in the fiscal second quarter ended February 25 as sales retreated 25.6 percent. Sales of of towables tumbled 47.0 percent due to softening RV demand following peak selling in the earlier stages of the pandemic.
Alterra Mountain Co. Lays Out Capital Investment Plan Worth Nearly $500 Million
Alterra Mountain Company outlined a nearly $500 million capital investment program focused on enhancing the guest and employee experience across its destination resorts over the next year.
Topo Designs Receives Growth Investment From Gart Capital Partners
Topo Designs reported a significant equity investment from Gart Capital Partners, a family investment company headquartered in Colorado, marking the first time the brand has taken outside funding since its founding in 2008.
Newell Brands Debt Ratings Downgraded
S&P Global Ratings lowered its debt ratings on Newell Brands Inc. as the company’s earnings and cash flow guidance for fiscal year 2023 has come in significantly weaker than previous expectations because of weak macroeconomic conditions and continued inflationary pressures.
Turtle Fur Hires CEO, CFO And VP Marketing & E-Commerce
Turtle Fur reported strategic leadership hires, including CEO Jim Osgood, CFO Matt Glomski and VP of Marketing & E-Commerce Erika Canfield.
Mountain Khakis Hires Creative Director
With 20-plus years of experience in the creative and marketing field, Mountain Khakis hired Ant Sanders as creative director.
Amazon To Lay Off Another 9,000 Employees
Amazon’s Andy Jassy, the company’s chief executive, said in a note to employees on Monday that the company is laying off 9,000 corporate and tech employees by the end of April, adding to the 18,000 jobs it cut late in 2022 and again in January 2023.
Sweaty Betty CEO And COO To Step Down
Drapers reported that Sweaty Betty’s chief executive Julia Straus and chief operating officer, Mark Smith, would step down this summer following the brand’s takeover by Wolverine Worldwide. A search is underway to fill the positions.
