SGB Update Outdoor
Puffin Drinkwear Names Interim CEO
Puffin Drinkwear hired Scott Allan as interim CEO, effective immediately. Allan has over 25 years of experience working with growth-stage businesses and product lines.
Vail Resorts Sees 6 Percent Growth In Early Season Pass Results
Vail Resorts Inc. reported EBITDA improved for the first quarter of fiscal 2023 ended October 31, primarily driven by the strong demand and visitation at its Australian resorts. Pass product sales for the North American ski season increased approximately 6 percent in units and approximately 6 percent in sales dollars through December 5.
Lululemon Lifts Outlook As Q3 Comps Surge 22 Percent
Lululemon Athletica Inc. again raised its outlook for sales and earnings in the year after reporting third-quarter results that topped guidance. Comparable sales in the quarter jumped 22 percent, or increased 25 percent on a constant dollar basis.
Burton Launches Online Rental Program
Burton launched an online rental program, following a soft launch in October.
Wolverine To Divest Keds Brand And Leathers Business, Eliminates Jobs
Wolverine World Wide, Inc. reported it started a formal process to divest or license the Keds brand and the Wolverine Leathers business. Timed with the reorganization, WWW announced earlier this week that it was reducing its workforce to support the restructuring.
Sportsman’s Warehouse’s Q3 Sales Drop 10 Percent
Profits at Sportsman’s Warehouse Holdings Inc. fell 42.3 percent in the third quarter ended October 29 as sales declined 10.3 percent.
Adidas Terrex Opens First U.S. Pop-Up In Portland
Last week, Adidas Terrex commemorated the launch of its first U.S. pop-up in the Pearl District of downtown Portland, OR, with a grand opening.
Anta Exploring Amer Sports IPO
Anta Sports Products, Ltd., the Chinese sports equipment corporation headquartered in Jinjiang, is reportedly holding preliminary talks with investment banks for an IPO of Amer Sports that could raise about U.S.$1 billion or more, according to Bloomberg.
Otis Technology Names Central Region Sales Manager
Otis Technology hired Jacob Wolf as the central region sales manager responsible for managing sporting goods sales and marketing in the central United States.
Massachusetts Creates Office Of Outdoor Recreation
Massachusetts created an Office of Outdoor Recreation headquartered in the Executive Office of Energy & Environmental Affairs. It is the 18th state in the nation to do so.
Academy Sports’ Q3 Comps Slide 7.2 Percent
Academy Sports and Outdoors, Inc. reported earnings on an adjusted basis declined slightly in the third quarter ended October 29 against difficult year-ago comparisons but topped Wall Street expectations. Same-store sales were down 7.2 percent with overall sales coming in below analyst targets. Sales were up 30.5 percent versus the pre-pandemic 2019 third quarter.
Cytech Acquires Pasasport
Italian manufacturer of arm pads and inserts for cycling clothing, Cytech, reported it acquired a majority of shares in Pasaport, a manufacturer of gloves and accessories.
Thor Industries’ Profits Fall In First Quarter
Thor Industries, Inc. reported profits fell 43.8 percent in the first fiscal quarter ended October 31 on a 21.5 percent sales decline.
Smith & Wesson’s Q2 Revenues Decline 47.5 Percent
Smith & Wesson Brands, Inc. reported a significant decline in earnings year-over-year in the second quarter ended October 31 as sales dropped 47.5 percent and gross margins decreased.
PrairieFire Acquires Front Sight
PrairieFire completed its acquisition of Front Sight from Chapter 11 bankruptcy proceedings. The U.S. Bankruptcy Court approved the plan to purchase the business on November 29, 2022, and the sale closed on December 2, 2022.
