SGB Update Outdoor
Novoloop Extends Series A Round To $21M
Advanced upcycling startup Novoloop expanded its Series A to $21 million through an oversubscribed extension led by Mistletoe Singapore and Hanwha Solutions. This nearly doubles the company’s raise of $11 million announced in February.
Signa Sports’ Q2 Sales Climb 48 Percent
Berlin-based Signa Sports United reported net revenue grew 48 percent in the fiscal second quarter ended March 31 to €269 million. The gains reflect the full contribution from the acquisitions of WiggleCRC and Tennis Express.
Duluth Holdings Q1 Profits Boosted By Margin Gains
Duluth Holdings, Inc. reported earnings before non-recurring items more than doubled in the fiscal first quarter ended May 1 as strong improvements in gross margins offset a slight decline in sales. The parent of Duluth Trading reaffirmed its guidance for the year.
NSGA Adds New Board Members
The National Sporting Goods Association (NSGA) made two changes to its Board of Directors with the appointments of Troy M. Freeman of Winmark Corporation/Play It Again Sports and John Scipio of SV Sports. Their three-year terms took effect on June 1.
Liberty Ammunition Secures Western Rep Coverage
Liberty Ammunition is teaming up with Maschmedt & Associates.
Industrial Revolution Expands Sales Team
Industrial Revolution has expended its sales team with the addition of the Virginia-based Taku Agency.
Polygiene Appoints COO
Polygiene Group appointed Frank Stevens as chief operating officer for the company. His most recent position was as general manager of Textiles for Sciessent, LLC in the United States, where he worked for more than ten years.
West Marine Appoints Chief Commercial Officer
West Marine, Inc. appointed Stacey Renfro as chief commercial officer. She joins the company’s senior leadership team reporting to Eric Kufel, CEO.
Wolverine World Wide’s Debt Rating Outlook Revised To Negative
S&P Global Ratings revised its outlook on Wolverine World Wide, Inc. to negative from stable due to an expected increase in leverage due to environmental legal settlement charges and share repurchases. S&P at the same time affirmed all of its ratings, including its ‘BB’ issuer-credit rating.
Five V Capital Becomes Majority Owner Of Sea To Summit
Sea to Summit Pty, Ltd., the adventure equipment brand headquartered in Perth, Western Australia, announced that Australia-based investment firm, Five V Capital, signed an agreement to become the majority shareholder in the company.
Sportsman’s Warehouse Fiscal Q1 Profits Contract as Comps Shrink 11.6 Percent
Sportsman’s Warehouse Holdings, Inc. reported that fiscal first-quarter net sales were $309.5 million for the 13-week period ended April 30, 2022, a decrease of 5.3 percent compared to the $327.0 million year-ago period. Adjusted diluted earnings per share were 5 cents compared to adjusted diluted earnings per share of 28 cents for the comparable 2021 quarter.
Moulton Bicycles Appoints COO
Moulton Bicycles appointed Mat Hubbard as chief operating officer.
Camping World To Expand In Eleven Markets By End Of 2022
Camping World Holdings, Inc. announced plans for the continued expansion of its RV sales and service network through the completion of eleven new dealership locations in seven states by the end of 2022. This comes following the company’s acquisition of Richardson’s RV Centers in California announced last week.
Sportsman’s Warehouse Appoints Chief Merchant
Sportsman’s Warehouse Holdings, Inc. announced it has hired Sherry Jane Love as senior vice president of merchandising. Love will be responsible for the company’s omni-channel merchandising business and private brand development.
Zwift Pauses Smart Bike Plans Amid Layoffs
Indoor training platform Zwift has paused plans for the production of a smart bike, with a reported lay-off of over 150 employees.
