SGB Update Outdoor
JD Sports Sees Strong Start To Year
JD Sports Fashion Plc. said same-store sales grew more than 5 percent in the first 14 weeks of the new financial year to May 7.
Leatt Corp. Announces Recording Breaking Results For Q1
Leatt Corporation, a maker of protective equipment for action sports, reported net income doubled in the first quarter ended March 31 as sales surged 88 percent.
Thule Raises Long-Term Growth Goals
Thule Group raised its long-term growth targets after reporting sales jumped 38 percent on a currency-neutral basis in 2021. The higher growth target also reflects its plan to enter two new categories, car seats and dog transport products.
SportChek’s Comps Jump 10 Percent In First Quarter
Canadian Tire Corp. reported retail sales at SportChek increased 4.5 percent in the first quarter, and comparable sales were up 10.2 percent over the same period last year. Helly Hansen’s sales were up 24 percent. Canadian Tire’s consolidated comparable sales, excluding petroleum, grew 6.4 percent in the first quarter.
Solo Brands Reports 19 Percent Growth In First Quarter
Solo Brands, Inc. significantly narrowed its loss in the first quarter ended March 31 as sales grew 19.1 percent.
Solo Brands Appoints CFO And Board Members
Solo Brands, Inc. announced the appointment of Somer Webb as chief financial officer as well as two board members, Mike Dennison and Dave Powers.
Bollé Brands Appoints Three North American Execs
Bollé Brands Group, Bollé, Serengeti, and Bollé Safety, appointed a vice president, head of specialty sales, e-commerce director, and a senior vice president, finance and operations to support its North American operations.
Kohl’s Shareholders Vote Against Activist’s Bid To Shake Up Board
Kohl’s shareholders voted to re-elect all 13 members of its board of directors, rejecting an attempt by the activist investor Macellum Advisors to replace up to ten of the board members.
Trove Appoints CEO
Trove, the specialist in re-commerce, announced that its President, Gayle Tait, has been promoted to CEO effective immediately. Andy Ruben, who has been CEO since he founded the company in 2011, will transition to executive chairman.
GSM Outdoors Names Brand Manager For GSM Fishing
GSM Outdoors announced the hiring of Wes Higgins as the newest brand manager for GSM Fishing.
Caza Outdoors Appoints GM And Sales Director
Caza Outdoors, LLC appointed industry veteran Phil Dalrymple as GM of Pnuma Outdoors and Heated Core. Rusty Smith, chief programs officer, was promoted to sales director for Pnuma Outdoors and Heated Core, of Caza Outdoors.
Boot Barn Sales Climbed 48 Percent
Boot Barn Holdings Inc. reported net earnings jumped 81.7 percent in the fiscal fourth quarter ended March 26 as sales grew 48.1 percent. The footwear retailer raised its store count potential to 900 stores from 500.
Wolverine World Wide Sees Q1 Revenue And Margins Top Expectations
Wolverine World Wide Inc. reported revenue and operating margin exceeded expectations in the first quarter ended April 2 as sales grew 20 percent. Excluding the acquisition of Sweaty Betty, sales grew 9.9 percent, led by Sperry. Wolverine reiterated its outlook for the year.
Yeti Lifts FY EPS Guidance After Q1 Tops Expectations
Yeti Inc. raised its 2022 EPS outlook after reporting first-quarter sales and earnings slightly ahead of Wall Street’s consensus estimate. Sales in the quarter ended April 2 rose 19 percent with gains of 24 percent in drinkware and 10 percent in coolers and equipment.
Scandinavian Outdoor Group Appoints Chairman
Isbjörn of Sweden founder and CEO Maria Frykman has been appointed chairman of the Scandinavian Outdoor Group (SOG). Frykman will take over from David Ekelund, CEO of Icebug AB, who has held the position since 2013. He is moving to a role within the European Outdoor Group (EOG).
