SGB Update Outdoor
Thule Opens Second North American Brand Store
Thule officially opened its first Canadian brand store in West Vancouver, BC. Thule Store Vancouver is the second North American brand store opened by Thule in the last six months, with Thule Store Denver opening in June 2021.
Norma Precision Ammo Relocates To Georgia
Governor Brian P. Kemp announced that Norma Precision Ammunition, a subsidiary of the leading European ammunition manufacturer RUAG Ammotec, has established its U.S. headquarters, manufacturing site, and warehousing and distribution operations in Chatham County.
Hibbett Expands, Amends Credit Line
According to a regulatory filing, Hibbett, Inc. modified its unsecured credit agreement with Regions Bank that expires July 9, 2026, to expand the limit to $125 million from $100 million. All covenants remain unchanged.
Walmart Names PayPal’s Finance Chief As CFO
Walmart, Inc. appointed John Rainey, former head of finance at PayPal, as CFO, effective June 6. He replaces Brett Biggs, who announced his exit from the retailer last year.
REI’s Sales Surge 36 Percent In 2021
REI Co-op released its 2021 financials and annual impact report, ending the year with $3.7 billion in sales, an increase of 36 percent compared to 2020.
Firearms Industry Economic Impact Rises 269 Percent Since 2008
The total economic impact of the firearm and ammunition industry in the United States increased from $19.1 billion in 2008 to $70.52 billion in 2021, a 269 percent increase, while the total number of full-time equivalent jobs rose from approximately 166,000 to over 375,819, a 126 percent increase in that period, according to a report released by the NSSF.
T&C Surf Names New President
Craig Sugihara, founder and owner of T&C Surf Designs, appointed his son Ryan Sugihara president.
Vail Resorts Announces Employee Housing Investments At Key Resorts
Vail Resorts announced four investments to provide accessible and affordable housing for its employees at Park City Mountain in Utah, Whistler Blackcomb in British Columbia, Vail Mountain in Colorado, and Okemo Mountain Resort in Vermont.
Camp To Open In Los Angeles
Camp, which describes itself as “Part toy store, part activity destination, and all good vibes,” is opening its first flagship store in Los Angeles. The Century City location will be Camp’s ninth store.
The Leisure Collective Makes Key Finance And Sales Hires
The Leisure Collective (TLC), the eyewear distributor to the surf channel, hired a chief financial officer while adding to its sales team to support key territories in the Northeast and Mid-Atlantic regions.
U.S. Ports Seeing Brief Slowdown From Last Year But Imports Remain High
The nation’s major retail container ports have begun to catch up with the backlog of cargo seen over the past several months but could experience another surge this summer, according to the monthly Global Port Tracker report released by the National Retail Federation.
KKR Formalizes Offer For Accell Group
In a joint press release, Accell Group, the parent of Raleigh, Ghost, Haibike, and other bike brands, and a private consortium headed by Kohlberg Kravis Roberts & Co. (KKR) recommended shareholders accept the all-cash offering for its shares for 1.56 billion euros ($1.76 billion).
Good To-Go Expands Sales, Marketing And Operations Team
Good To-Go, the Maine-based dehydrated gourmet meal brand, has added six hires to its sales and marketing and operations team.
Progression Brands Group Names VP
Progression Brands Group (PBG) announced that Jeff Burkley had accepted the newly created position of vice president. Burkley will be responsible for developing and leading commercial strategies across the company’s multi-brand portfolio, including Capranea Apparel, DAHU Ski Boots, Movement Skis, YNIQ Eyewear, and Crazy Apparel.
NPD And IRI To Merge
The NPD Group (NPD) and Information Resources, Inc. (IRI) announced the signing of a definitive agreement to merge the two companies. The transaction is expected to close in the second half of 2022.
