SGB Update Outdoor
Hyosung Textiles Hires Global Marketing Director
Hyosung, a textile solution and spandex brand provider, hired Simon Whitmarsh-Knight as textile global marketing director
Newell Brands Finalizes CFO Transition
Newell Brands hired Mark Erceg as CFO, effective January 9, 2023. He succeeds Chris Peterson who transitions into his role as president, reporting to Ravi Saligram, CEO.
Fenix Outdoor To Divest Primus Brand
Fenix Outdoor AB agreed to divest Primus AB and its subsidiary, Primus Eesti Ou, to Silva Sweden AB, at closing in Spring 2023.
Ohio Travel Bag Acquired By Blue Point Capital Partners
Blue Point Capital Partners and its portfolio company, Weaver Leather (“Weaver”), acquired Ohio Travel Bag (OTB), a distributor of specialty hardware, fittings and supplies used in various industries, including leather goods, pet, equine, handbags, trunks, and crafts.
Southwick Associates Forecasts 2023 Firearms Industry Outlook
Southwick Associates in its 2023 Industry Outlook forecasted firearms and accessories sales to be near 2017 levels in 2023.
Dainese Enters Distribution Deal
Tucker Powersports entered into an exclusive agreement to distribute the Dainese motorcycle product line to its network of powersports dealers in the United States.
Rocky Brands Appoints Board Member
Rocky Brands, Inc. appointed Dwight Smith as a Class I director on the company’s Board, effective January 1, 2023. Glenn E. Corlett and James L. Stewart have elected to retire as Board of Directors, effective December 31, 2022.
Johnson Outdoors Sees 18 Percent Revenue Growth In Fourth Quarter
Johnson Outdoors, Inc.’s sales jumped 18 percent in the fiscal fourth quarter ended September 30 and profitability improved as supply availability in its core Fishing segment started to improve. Sales in the Watercraft Recreation and Camping segment were down while the Diving segment saw mid-single-digit gains.
Stio To Open First Mountain Studio In South Lake Tahoe
Stio, the mountain lifestyle brand, headquartered in Jackson Hole, WY, opened its first California storefront in South Lake Tahoe, its second store opening in 2023, and the ninth brick & mortar site.
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.
