SGB Update Outdoor
Amazon Adds Second Prime Shopping Event In October
Amazon added a Prime-exclusive two-day shopping event in October. Its “Prime Early Access Sale” is for Amazon Prime members offering Black Friday-like deals from October 11-12.
IBEX 2022 Cancelled Due To Severe Weather
The International BoatBuilders Exhibition and Conference (IBEX) has been canceled due to threats from Hurricane Ian. The event had been scheduled to take place at the Tampa Convention Center in Tampa, FL from September 27-29.
Bass Pro Plans Store For Grand Prairie, TX
Bass Pro Shops announced plans to open a store in Grand Prairie, TX, serving the southern portion of the Dallas metro area. The 100,000-square-foot store, expected to open in the spring of 2024, will be the outdoor retailer’s fifth location in the region and 15th in Texas.
Yeti’s CFO Resigns
Yeti Holdings, Inc. announced the resignation of its chief financial officer, Paul Carbone, effective October 28, 2022. Carbone is returning to Boston to pursue a business opportunity and be closer to family.
JD Sports’ Profits Slide In First Half
JD Sports reported an 18.2 percent drop in pre-tax profits for the six months ending July 31, partly due to the U.S. government support it received as part of the country’s COVID stimulus package last year, which boosted year-ago results. Sales grew 13.7 percent year-over-year.
Taurus Hires Marketing Manager
Taurus announced it hired Caleb Giddings as marketing manager for the manufacturer of handguns for defense, hunting and sport shooting.
Columbia Sportswear Sets Three-Year Growth Targets
Columbia Sportswear Company introduced its three-year financial targets aimed for a 9 perdent to 11 percent organic sales growth and 12 percent to 15 percent EPS growth on a compound annual growth rate (CAGR) basis from 2022 to 2025. The targets were announced ahead of its first Investor Day, scheduled for September 22, at its headquarters in Portland, OR.
Mammut Hires Chief Commercial Officer
Mammut Sports Group AG appointed Felix Muennich as chief commercial officer, effective November 1. Muennich is an 18-year veteran working in the sporting and consumer goods industry, most recently at Nike.
Arc’Teryx Hybrid Retail Store And ReBird Service Center Opens In Boulder
The Arc’teryx hybrid retail brand store and ReBird Service Center opened in Boulder, CO on Pearl Street on September 17. This is the second U.S. and third global ReBird Service Center for company. A hub for Arc’teryx’s ReBird program of upcycling, resale, care and repair, is the Service Center offers customers a suite of circular […]
Smith Adds Global VP Of Sales
Smith, the manufacturer of snow goggles and helmets, promoted Rob Retzlaff to global vice president of sales.
BTI Adds Outside Reps To Cover U.S.
Bicycle Technologies International (BTI) hired five additional reps to expand its coverage in the U.S.
North American Bike Distributor HLC Acquired By Private Equity
MiddleGround Capital, the investment specialist and buyer of middle market B2B industrial and specialty distribution companies, purchased North American bike parts and accessories distributor HLC. The terms were not disclosed.
Seirus Hires VP Of Sales
Seirus hired Desiree Lindemann as vice president of sales.
Outdoor Participation Grows To Record Levels
According to Outdoor Foundation’s 2022 Outdoor Participation Trends Report more than half (54 percent) of Americans ages six and over participated in at least one outdoor activity in 2021, and the outdoor recreation participant base grew 2.2 percent during 2021 to 164.2 million participants. However, this growing number of outdoor enthusiasts did not fundamentally alter long-term declines in high frequency or “core” outdoor participation.
KMD Brands Sees 6.2 Percent Growth In Fiscal Year
KMD Brands, Ltd. reported sales grew 6.2 percent in the year ended July 31. The gains were driven by continued growth in Rip Curl sales, Kathmandu’s highest sales in Q4 and record order demand for Oboz product.
