SGB Update Outdoor
Compass Diversified To Acquire PrimaLoft
Compass Diversified (CODI) has entered into a definitive agreement to acquire the equity of PrimaLoft Technologies Holdings, Inc., the parent company of PrimaLoft Inc., for an enterprise value of $530 million.
RYU Appoints New CFO
RYU Apparel has hired Robert Lelovic as chief financial officer.
REI To Open Third Location In South Carolina
REI Co-op will open a new store in Mount Pleasant, SC in fall 2022.
Walther Manufacturing Appoints CEO
Walther Manufacturing, Inc. has hired Thomas Goike as president and CEO. The company’s President and CEO, Adam Blalock, has transitioned to Chairman of the Board for Walther Arms, Inc. and Umarex USA, Inc.
Moody’s Lowers Wolverine’s Debt Outlook
Following a similar move by S&P Global Ratings, Moody’s Investors Service changed Wolverine World Wide, Inc.’s outlook to negative from stable.
Two Bidders Seek Discount Price To Acquire Kohl’s
Private equity chain Sycamore Partners and retail conglomerate Franchise Group have submitted bids to acquire Kohl’s, sources told the Wall Street Journal. Both offers were well below amounts the company turned down earlier this year.
Amazon Consumer CEO Resigns
Amazon’s consumer CEO, Dave Clark, will leave the company next month, the e-commerce giant announced in a blog post Friday and reflected in a regulatory filing.
Skeeter Products SVP To Oversee G3 Boats
Yamaha U.S. Marine Business Unit announced that Jeff Stone, senior vice president, Skeeter Products, Inc., will now oversee G3 Boats, the manufacturer of aluminum and pontoon boats. In his new role, Stone is responsible for manufacturing, operations, marketing and sales for Yamaha U.S. Business Unit subsidiaries G3 and Skeeter Boats.
Outdoor Gear Builders Appoints Executive Director
Outdoor Gear Builders announced the appointment of Matt Godfrey as the organization’s executive director. OGB, based in Ashville, NC, has grown to over 75 members (retailers and vendors) in the outdoor industry in Western North Carolina.
L.L. Bean To Open Store In Hudson, MA
L.L. Bean plans to open a store in Hudson, which will represent its ninth store in Massachusetts.
NICS Firearms Background Checks Slide In May
The May 2022 NSSF-adjusted National Instant Criminal Background Check System (NICS) slipped 11.3 percent to 1.17 million compared to the May 2021 NSSF-adjusted NICS figure of 1.32 million.
Lululemon Hikes Outlook As Q1 Tops Guidance
Lululemon Athletica Inc. raised its earnings and sales guidance for the year after reporting first-quarter results that surpassed its expectations. Sales were up 32 percent in the first quarter with same-store sales ahead 24 percent.
Rossignol Group To Open Canadian Headquarters
Rossignol Group will relocate its Canadian-based headquarters from Montreal to Bromont, QC next month.
Rocky Mountain Bicycles Appoints CEO
Rocky Mountain Bicycles, based in Saint-Georges, Quebec, has appointed Katy Bond as CEO. Company owner Raymond Dutil becomes executive chairman and coach of innovation.
NRF Says Economy ‘Being Rebalanced’ But ‘Extreme Cooling Off’ Seems Unlikely
The Federal Reserve faces “a tricky job” in addressing inflation but continuing growth in employment, wages and consumer spending make it unlikely the effort will backfire into a major setback for the economy, National Retail Federation Chief Economist Jack Kleinhenz said.
