SGB Update Outdoor
Recall: Tethrd Climbing Sticks
About 7,700 Tethrd One Stick Gen 2 climbing sticks are being recalled. Under pressure, one or more of the climbing stick’s steps could crack causing them to break, posing fall and injury hazards to the users.
The North Face Confirms Cyberattack
The North Face confirmed that its website, thenorthface.com, was impacted by a large-scale “credential stuffing attack” that resulted in the hacking of 194,905 customer accounts.
Import Slowdown Continues As Fed Tries To Rein In Consumer Demand
With inflation continuing and the Federal Reserve hoping to cool demand through higher interest rates, imports at the nation’s major container ports are expected to fall below last year’s levels for the remainder of 2022, according to the monthly Global Port Tracker report released by the National Retail Federation.
Alterra Mountain Company Acquires Ski Butlers
Alterra Mountain Company acquired Ski Butlers, a ski equipment rental and delivery service headquartered in Utah.
Erem Hires Vice President, Operations And Wholesale
Erem, the hiking boot company, recently hired Chris Rischke as vice president of operations and wholesale, effective immediately. Most recently, he was director of operations at Oboz for five years.
American Outdoor Brands Reports 28 Percent Q1 Revenue Slump
American Outdoor Brands Inc. reported sales were down 28 percent in the first quarter ended July 31.
Zumiez Q2 Falls Short Of Guidance
Zumiez Inc. reported sales were down 18 percent in the second quarter ended July 30 and fell by the same amount in August. Second-quarter results were well below company guidance. Rick Brooks, CEO, said, “We are disappointed that our recent performance fell short of expectations and we are making adjustments to our merchandise assortments and managing expenses in order to improve near-term results.”
Smith & Wesson’s Sales Tumble 69 Percent
Smith & Wesson Brands Inc. reported a significant decline in earnings in the fiscal first quarter ended July 31 as sales dropped 69 percent. Mark Smith, CEO, commented, “As expected, our first quarter results reflected a return to a normal demand pattern at the retail counter for firearms combined with temporary headwinds from inventory corrections within the channel.”
Dovetail Workwear Hires National Sales Director
Dovetail Workwear hired Katie Copeland as national sales director.
Original Footwear Company Names CEO
Original Footwear Company, the maker of tactical footwear, named Mark Cavanaugh as CEO, succeeding Founder Kevin Cole, who will remain on its Board of Directors.
TrueTimber Names Director Of Licensing
TrueTimber, based in Inman, SC, appointed industry veteran Richard Howard as director of licensing.
MidwayUSA Appoints Vice President, Merchandising
MidwayUSA’s Jeff Larkin recently accepted the position of vice president of merchandising. The transition comes following merchandising vice president Ryan Fischer’s plans to retire later this year.
Target CEO Brian Cornell To Stay Three More Years
Target said Brian Cornell agreed to remain in his role as CEO for an additional three years. With Cornell’s commitment, Target’s Board of Directors eliminated its retirement policy, designed to initiate a discussion regarding the possible retirement of its CEO at the age of 65.
Slingshot Sports Hires Director Of Marketing
Slingshot Sports, the manufacturer of watersports equipment, hired Jonathan Thesenga as director of marketing.
La Jolla Group Adds Mountain Khakis To Brand Portfolio
La Jolla Group, Inc. announced it added Mountain Khakis to its brand portfolio. The company will provide strategic guidance, back-end oversight and support, including finance, planning, HR, IT, distribution, and logistics.
