SGB Update Outdoor
Running Supply Acquires Achille Agway
Running Supply, Inc., operating as Runnings, based in Marshall, MN, agreed to acquire Achille Enterprises, Inc. Operating under Achille Agway, Achille Enterprises owns six farm and home stores in New Hampshire and Vermont.
VF Corp’s Debt Ratings Lowered
Moody’s Investors Service downgraded the debt ratings of VF Corp. due to the company’s currently high leverage resulting from underperformance in its largest and most profitable brand, Vans, as well as large customer inventory destocking at Dickies, a slower-than-expected recovery in China, and elevated inventory levels that are leading to higher promotional sales activity and reduced margins.
Pactimo Names Director Of Custom Sales
Denver, CO-based cycling apparel brand Pactimo hired Robert Allen as director of custom sales.
Blain’s Named One Of America’s Best Employers For Fifth Year
Forbes magazine named Blain’s Farm & Fleet one of “America’s Best Midsize Employers” for the fifth year in a row. In 2023, Blain’s Farm & Fleet ranked as the #1 Wisconsin-based retail and wholesale company.
Klim Recalling Backcountry Probes
In cooperation with the U.S. Consumer Product Safety Commission, Klim recalled its backcountry probes due to a severe injury or death risk.
Lazydays Acquires Findlay RV In Las Vegas
Lazydays reported its first acquisition of 2023 with the purchase of Findlay RV in Las Vegas, bordering four of the top 15 RV market states, and compliments the company’s operations in Arizona.
Yeti Holdings Names CFO
Yeti Holdings, Inc. has named Mike McMullen as senior vice president, chief financial officer and treasurer. McMullen has served as Yeti’s interim CFO since October 2022.
Big Agnes Names Authentik Sales Rep Of The Year
Big Agnes honored Authentik Sales with its annual Rep of the Year Award. JP Ouellet and Matt McCormick were credited for the award with outstanding performance in the Eastern Canadian territory.
The Lycra Company Appoints Chief Legal Officer
The Lycra Company hired Cathy Spicer as chief legal officer, having, most recently, worked as chief legal officer and corporate secretary of Tailored Brands, Inc., which includes retailers Men’s Warehouse and Jos. A. Bank.
SportChek Sees Slight Q4 Sales Decline, Helly Hansen Climbs Double-Digits
Canadian Tire Corporation, Ltd. reported same-store sales at its SportChek segment were down 1.7 percent in the fourth quarter while revenues of Helly Hansen grew 20.6 percent.
Milliken Promotes Two Veteran Employees To Lead Polartec
Polartec announced new roles and responsibilities for veteran employees Ramesh Kesh, Ph.D. and Eric Yung.
Nocs Provisions Expands Team
Nocs Provisions hired Jackson Fox as marketing manager and Kasia Wojnar as operations manager.
Outdoor Research Promotes Three Team Leaders To Senior Positions
Outdoor Research promoted Katarzyna Schoewe to vice president Design and Product Innovation, Chris King to vice president Brand Creative and Alex Lauver to senior director of Materials Innovation and Sustainability.
Compass Diversified Completes Sale Of Advanced Circuits
Compass Diversified reported it completed the company’s previously announced sale of its majority-owned subsidiary, Compass AC Holdings, Inc., Advanced Circuits, Inc. parent company, to APCT, Inc.
January U.S. Retail Sales Rebound; Sporting Goods Up 6.9 Percent
U.S. retail sales jumped a seasonally adjusted 3 percent in January from December, the largest monthly increase in nearly two years after declines in the final two months of last year, the Commerce Department said Wednesday.
