SGB Update Outdoor
Hibbett Reiterates FY Guidance After Challenging First Quarter
Hibbett Inc., as expected, reported first-quarter results well below year-ago levels that were also just short of Wall Street’s consensus targets. Hibbett said results were in line with internal plans while reiterating full-year guidance. Comps were down 18.9 percent year over year but ahead 22.9 percent against the pre-pandemic first quarter of 2019.
Amazon Style Opens In Los Angeles
Last January, Amazon announced it planned to open physical retail stores. On Wednesday, May 25, the retailer opened its first store, Amazon Style, in the Glendale area of Los Angeles.
BikeExchange CEO Resigns
BikeExchange Limited, based in Melbourne, Australia, said Mark Watkin has resigned as global CEO of BikeExchange, effective immediately.
Peak Ski Appoints Chief Marketing Officer
Peak Ski Company, based in Bozeman, MT, announced that Tracy Chang has accepted the position as chief marketing officer.
Fischer Appoints New England Territory Rep For Fischer, UVEX And OneWay
Fischer announced that Jeff Moody is returning to his role as a brand representative for the New England territory for winter 2022/23.
ETS Group Appoints National Sales Manager
Elite Tactical Systems (ETS) Group, the maker of polymer magazines and speedloaders, hired Wylie Smith as national sales manager.
JD Sports Founder And Chairman Steps Down
J.D. Sports Fashion Plc announced that due to an ongoing review of its internal governance and controls, it is accelerating the separation of the roles of chair and CEO. As a result, Peter Cowgill, executive chairman, will step down effective immediately.
On Appoints Board Member
On, the Swiss running brand, announced the election of Dennis Durkin as an additional independent member of its Board of Directors.
Alterra Mountain Company Announces CEO Transition
Alterra Mountain Company announced that Jared Smith, company president, will be promoted to CEO effective August 1, 2022. At that time, Rusty Gregory, the current CEO, will step back from day-to-day operations to become its board vice-chairman.
Streamlight Announces Key Sales And Marketing Promotions
Streamlight, known for its flashlights and other lighting tools, announced three key sales and marketing appointments.
Dead Air Silencers Announces Leadership Changes
Dead Air Silencers announced the promotions of three of its executives into new roles with the company.
Dick’s SG Lowers FY Guidance Despite Q1 Beat
Dick’s Sporting Goods reported earnings and sales in the first quarter topped Wall Street expectations but reduced its guidance for the year due to “macroeconomic” challenges.
Nordstrom Delivers 19 Percent Growth In First Quarter
Nordstrom reported sales in the first quarter grew 18.7 percent with sales ahead 23.5 percent for the Nordstrom banner and 10.3 percent for Nordstrom Rack. Core categories including men’s and women’s apparel, shoes and designer had the strongest growth as consumers updated wardrobes for the return of social events, travel and return to office.
Sportsman’s Warehouse To Open Store In Wyoming
Sportsman’s Warehouse Holdings, Inc. is scheduled to open a store in Riverton, WY this month.
Grassroots Outdoor Alliance Appoints President
Grassroots Outdoor Alliance has hired Gabe Maier as president. Maier has worked with the GOA for six years, including two years as a business analyst and four years as vice president). Most recently, he was the director of business development for BrandKeep.
