SGB Update Outdoor
Revo Adds Sales Representation for Scandinavian Market
Sporty Outdoor, based in Trysil, will represent the brand’s sunwear and goggles throughout the Scandinavian market (Norway, Sweden, Denmark, and Finland).
Von Maur Department Stores Opens First Pennsylvania Store in Pittsburgh
The retailer has opened its newest location at South Hills Village in the suburbs outside Pittsburgh, PA. The 118,000-square-foot store is the company’s first in Pennsylvania.
KemperSports Bolsters HQ with Regional Sales and Marketing Director
Jennifer Cushman joined KemperSports in 2021 as sales and marketing director at Buffalo Creek Golf Club and the Yacht Club at Chandlers, two KemperSports-managed facilities in Rockwall, TX.
L.L.Bean to Open First Indiana Store
The 16,000-square-foot L.L. Bean store will be the retailer’s fourth new location to open in 2024, giving it 61 stores in the U.S.
NRF: Import Cargo Could See Surge Ahead of Potential Port Strike and Trump Tariffs
Import volumes at the nation’s major container ports could be higher than previously expected for the remainder of this year as retailers face another potential East Coast/Gulf Coast port strike and tariff increases planned by President-elect Donald Trump, according to the Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Blackcrows Partners with Rapha to Open Nest Pop-Up Shops in Boulder and Seattle
The French ski brand and maker of performance ski products and apparel, opened its first U.S. pop-up shops in collaboration with Rapha in Boulder, CO and Seattle, WA on November 1. They will remain open through the winter season.
Schoeller to Close Swiss Manufacturing Plant, 170 Employees To Lose Jobs
The company cited Switzerland’s high labor and energy costs, the strong Swiss franc, and poor market environment since the pandemic to cover production costs. However, the company will continue production of its high-tech textiles in Asia with no disruption.
Black Diamond Parent Q3 Hurt by Outdoor Channels, Product Line Simplification Strategy
Outdoor segment (Black Diamond) sales were $49.3 million in the third quarter, compared to $61.1 million in the year-ago quarter. Sales in the Adventure segment (Rhino-Rack, Maxtrax and Tred Outdoors) decreased 11.9 percent to $17.8 million.
NRF: Holiday Spending on Track for Steady Growth Amid ‘Mixed Signals’ on Economic Data
NRF Chief Economist, Jack Kleinhenz, reported in the November Issue of the NRF’s Monthly Economic Review, that it continues to expect steady sales growth for the winter holiday season despite contradictions in the latest economic indicators.
Solo Brands Logs Deep Q3 Loss on Terminated Marketing Contract, Impairment Charges
Solo Brands, Inc. posted a net loss of $111.4 million in the third quarter due to costs related to the termination of an underperforming marketing agreement, impairment charges for IcyBreeze and an impairment charge related to its declining stock price—results excluding the adjustments aligned with expectations with sales down 15 percent.
Merrell and Saucony Post Above-Plan Q3 Sales; Parent Lifts FY Guidance
Wolverine World Wide, Inc. raised its revenue and earnings guidance for the year after sales in the third quarter, which exceeded company expectations, driven by above-plan performances from Merrell and Saucony. Gross margins expanded 450 basis points on significantly lower inventory levels.
Canada Goose Posts Q2 Net Income Increase Despite Revenue Decline, Lowers Outlook
The company saw fiscal second quarter revenue decrease 5 percent to CN$267.8 million in the period ended September 29, a 6 percent year-over-year decline on a constant-currency basis.
Vista Outdoor’s Q2 Sales Slide 1.6 Percent as Ammo Growth Offsets Outdoor Declines
Vista Outdoor Inc. reported sales declined 1.6 percent in the fiscal second quarter ended September 30 as sales declined 3.9 percent at its Revelyst outdoor products segment and inched up 0.5 percent at Kinetic Group. Results were in line with expectations with Revelyst exceeding plan. Vista’s board again unanimously recommended shareholders vote for a deal to sell Kinetic Group with Czechoslovak Group (CSG).
Traeger, Inc. Halves Q3 Adjusted Net Loss on Strong Grills Revenue Growth
North America revenue increased 10.4 percent year-over-year in the third quarter. Rest of World revenues decreased 40.1 percent in the third quarter compared to the prior-year third quarter.
Allbirds’ Sales Decline 25 Percent In Third Quarter
Allbirds, Inc. logged a loss of $67.6 million in the third quarter as sales fell 25 percent, in line with guidance. The footwear maker slightly improved its earnings guidance for the year while lowering its sales targets.
