SGB Update Outdoor
Aqualung Group Appoints Chairman
Aqualung Group, the manufacturer of dive and water sports gear, said Bruno Cercley will take over as chairman of its supervisory board, effective July 1. Cercley guided the turnaround of Rossignol as its CEO from 2008 until his retirement in 2021.
Vail Resorts Reports Healthy Pass Product Sales For Upcoming North American Ski Season
Vail Resorts, Inc. significantly outperformed results from the prior year in its third quarter ended April 30 primarily due to the greater impact of COVID-19 in the year-ago quarter. Pass product sales through May 31, 2022 for the upcoming 2022/2023 North American ski season increased approximately 9 percent in units and approximately 11 percent in sales dollars.
Public Lands To Open Four More Locations
Public Lands, Dick’s Sporting Goods’ outdoor-themed concept, plans to open four stores in Framingham, MA; Huntington, NY; Kennesaw, GA; and Medford, OR.
Decathlon Expands U.S. Distribution Channels To Third-Party Retailers
Decathlon announced plans to expand distribution to outdoor, sporting goods and retail stores across the United States. The announcement comes as it attends the Outdoor Retailer trade show in Denver, CO for the first time this week.
Mystery Ranch Hires Sustainability Program Manager
Mystery Ranch, the manufacturer of packs for the outdoor enthusiast, announced it recently hired Greg Breitmaier as its sustainability program manager.
SeaNSoul Opens Surf Shop In West Malibu
SeaNSoul, an online resale marketplace for outdoor gear and apparel, opened its first brick-and-mortar location in West Malibu, CA.
Quiksilver Appoints VP, Global Marketing
Quiksilver has named Bobby Gascon as VP, global marketing. He joins the company following 13 years at Vans where, most recently, he was senior director of global marketing, Action Sports
Thor Industries Delivers 35 Percent Quarterly Growth
Thor Industries reported net sales for the third quarter were $4.66 billion, an increase of 34.6 percent as compared to the third quarter of fiscal 2021 due to continued strong RV demand.
VF Corp. Debt Outlook Revised To Negative On Tax Ruling
S&P Global Ratings revised its debt ratings outlook on VF Corp. to negative from stable. The rating agency estimated VF will likely have to increase debt by more than $845 million to pay the assessed tax in order to appeal an unfavorable decision from the U.S. Tax Court regarding its post-acquisition restructuring of Timberland Co. in September 2011.
Kohl’s Debt Ratings Placed Under Review For Possible Downgrade
S&P Global Rating placed the debt ratings of Kohl’s under review with negative implications after the retailer announced that it entered into exclusive negotiations for a sale to Franchise Group, Inc.
Target Warns Of Profit Decline Over Inventory Imbalances
Target lowered its forecast for the second quarter as it plans to markdown merchandise, remove excess inventory and cancel orders in an effort to right-size its inventory levels.
Umarex USA Announces New Marketing Manager
Umarex USA announced the appointment of Scott Faldon as marketing manager.
Marc Fisher Footwear Company Licenses Earth Shoes
The Marc Fisher Footwear Company entered into a multi-year agreement to license the Earth shoe brand for men’s and women’s footwear.
Signa Sports Appoints CEO
Signa Sports United (SSU) has appointed Max Heimann as chief executive officer of the Internetstores Group. Heimann will lead SSU brands, including Fahrrad.de, Probikeshop, Addnature, and CAMPZ across Europe for SSU.
Academy Sports Q1 Tops Expectations
Academy Sports reported first-quarter results that topped Wall Street targets but the retailer still slightly lowered its outlook due to macroeconomic challenges. Ken Hicks, CEO said, “We are satisfied with our first-quarter results as the company continued to position itself for long-term growth and expansion as we executed effectively in a highly dynamic environment and against a very strong prior-year quarter.”
