SGB Update Outdoor
Playtri Continues To Expand In Texas
Playtri, the triathlon-focused retail chain, announced it has purchased Buc’s Bike Shop in Round Rock, TX.
REI Co-op Relaunches Lifetime Membership Program
For the first time in its 84 years, REI Co-op is changing how its members can connect with the retailer by relaunching its lifetime membership program.
Rocky Brands Q4 Sales Surged 93 Percent
Profits at Rocky Brands Inc. rose 29.4 percent in the fourth quarter ended December 31 on a 93.4 percent sale gain.
Kohl’s Q4 Earnings Tops Wall Street Targets
Kohl’s Inc. reported a decline in fourth-quarter earnings but they topped Wall Street estimates. Sales in the quarter rose 5.8 percent. Kohl’s provided an upbeat outlook for the year.
Mountain Hardwear Expands Leadership Team
Mountain Hardwear, owned by Columbia Sportswear, announced three internal promotions including a new vice president of product line management and merchandising, plus two new hires.
Brompton Plans To Open New Headquarters In Ashford By 2027
Brompton, the UK’s largest bike manufacturer, announced plans for an eco-friendly headquarters and factory complex in Kent, England, to double its capacity to manufacture more than 200,000 bikes a year.
Primary Arms Optics Names Director Of Product Marketing
Primary Arms Optics announced it has hired Stephen Morgan as director of product marketing for all its product categories.
United Wheels And Niner Bikes Adds To Engineering And Design Team
Niner Bikes announced it has hired multiple new staff to its engineering and product teams in Fort Collins, CO. The group will contribute to the product development for Niner, VAAST and other brands within the company’s United Wheels portfolio.
Jones Appoints Marketing Director
Winter apparel, backcountry gear and snowboard brand Jones Snowboards announced it has hired Josh Nielsen as Marketing Director.
REI To Open In Gretna, Nebraska
REI Co-op will open its first Nebraska store in Gretna in fall 2022.
Fox Factory’s Q4 Sales Climb 31 Percent
Fox Factory Holding Corp. reported adjusted earnings rose 17.3 percent in the fourth quarter on a 30.5 percent revenue gain. This increase reflects a 46.7 percent increase in Specialty Sports Group sales and a 18.6 percent increase in Powered Vehicles Group sales.
British Cycling Brand Parcours Appoints Marketing Manager
British cycling brand Parcours appointed Amy Marks as marketing manager.
CODI Delivers Fourth Straight Quarter Of Record Results
Compass Diversified (CODI) reported earnings nearly tripled in the fourth quarter as sales grew 27 percent. Said Elias Sabo, CODI’s CEO, “Our consumer business again delivered solid results, driven by continued strong performance at our most recent acquisitions, and our niche industrial business experienced increased demand for their products during the fourth quarter.”
Daiwa Appoints National Sales Manager
Daiwa Corporation announced it promoted National Accounts Manager Gerad Cawhorn to national sales manager.
Elevate Outdoor Collective Hires Global Vice President Design/Creative Director
Elevate Outdoor Collective announced it had hired Peter Stolz as global vice president design/creative director.
