SGB Update Outdoor
Yeti Appoints VP Investor Relations
Arvind Bhatia has joined Yeti Holdings as vice president, investor relations. Before Yeti, Bhatia led SharkNinja’s investor relations strategy as they transitioned to a public company.
Airstream Parent Thor Industries Returns to Sales Growth in Fiscal Q3
Thor Industries, Inc.’s earnings and sales surpassed expectations in the fiscal third quarter ended April 30, driven by efforts to reduce costs coupled with modest top-line improvement. The maker of recreational vehicles posted its first quarterly sales gain since 2022.
Klaus Obermeyer, at 105 Years of Age, Transitions CEO Role to “Fresh” Leadership
Obermeyer, who remained active on the slopes of Aspen longer than most people live, has named outdoor active lifestyle industry veteran Kris Kuster as the company’s new CEO. Also, the company promoted Kalin Tegman to director of sales and Lilly McSwain was named customer service manager.
Flojos Appoints Christian Lass Director of Sales, Builds Out U.S. Sales Team
Lass previously served as director of sales for Arbor Collective, Dragon, 509, and FMF (La Jolla Group). Other new additions to the sales team include Adam Scott, Barcus Evans, Sean Gallivan and Paul Reinecke.
Revel Bikes Appoints Director of Product
Revel Bikes, which was reacquired by its founder Adam Miller in May, has named Mike Giese, the original designer behind Revel’s first bikes, as director of product development and creative director.
Academy Sports + Outdoors Expanding with Three New Locations
The retailer has opened two new locations in Fort Walton Beach, Florida. and Midlothian, Virginia; and will open another new store in Morgantown, West Virginia later this month.
NRF: Father’s Day Spending To Hit Record $24 Billion this Year
U.S. consumers are poised to spend a record $24 billion on Father’s Day this year, according to an annual survey from the National Retail Federation. Over three-quarters of consumers (76 percent) plan to celebrate the occasion, spending an average of $199.38 per person, up from $189.81 in 2024.
Oofos Opens First U.S. Retail Stores
The recovery footwear brand, celebrating its 14th year, will open stores in Pentagon City, Arlington, VA; the Mall of Georgia, Buford, GA; and the Florida Mall, Orlando, FL.
VF Corp. Spin-Off Completes Acquisition of Helly Hansen
Kontoor Brands Inc. (KTB), the former denim unit of VF Corp, completed the acquisition of Helly Hansen from Canadian Tire Corp. for approximately $900 million. The acquisition is expected to be immediately accretive to KTB’s revenue, earnings and cash flow this year.
Topgolf Callaway Completes Sale of Jack Wolfskin to Anta Sports
Topgolf Callaway Brands Corp. completed the sale of Jack Wolfskin to Anta Sports, the largest shareholder of Arc’teryx, Wilson and Salomon parent Amer Sports, for $290 million. Callaway acquired Jack Wolfskin in 2019 for $476 million.
Yue Yuen Appoints Board Member
Yue Yuen appointed Chou Wei-Te, executive assistant vice president at its retail arm, Pou Chen, to its board as an executive director. He replaces Chan Lu Min, who is retiring.
VF Appoints New Chief Accounting Officer
Michael Phillips succeeds Bryan McNeill, who is retiring after 30 years with the company. Phillips has served as the VP Enterprise Financial Reporting controller of the company since September 2022.
SIA Partners with European Outdoor Group to Provide Enhanced Member Tools
United by a shared commitment to thriving and sustainable industries, SIA and EOG are embarking on a new era of collaboration that transcends borders and aims to elevate both industries.
Costco Wholesale Misses on Q3 Top-Line as Discretionary Spending Weakens
The miss on the comparable sales line was said to be due to consumers paring back on large purchases, especially of non-essential goods such as home furnishings, as discretionary spending continues to weaken.
Ski-Doo Parent BRP, Inc. Comes Up Short in Q1 Despite Late Season Snow
The company’s North American retail sales were flat year-over-year for the first quarter. Seasonal Products retail sales were up, reportedly driven by strong end-of-season retail in Snowmobile following late snowfall.
