SGB Update Outdoor
REI SoHo Employees Vote To Unionize
REI employees in its SoHo, New York City retail store, voted to form the co-op’s first union. Eighty-eight of the store’s 102 workers voted to join the Retail, Wholesale and Department Store Union (RWDSU), and fourteen voted not to join. An in-person tally conducted the vote in the store’s breakroom by the National Labor Relations Board.
Forloh Appoints Vice President Marketing And E-Commerce
Forloh, the technical outdoor brand, announced the appointment of Nick Skally to VP, marketing and e-commerce.
Academy Sports Announces Inaugural Quarterly Cash Dividend
Academy Sports and Outdoors Inc. announced that its Board of Directors approved the initiation of a quarterly cash dividend.
Smith & Wesson’s Q3 Revenues Drop 31 Percent
Smith & Wesson Brands, Inc. reported sales were down 31 percent year-over-year in the third quarter ended January 31 but surged more than 118 percent on a two-year basis. Both sales and earnings trailed analyst estimates.
Adidas Appoints Chief Creative Officer
Adidas announced the appointment of Alasdhair Willis to chief creative officer responsible for the global creative direction for its brands and its three labels—Performance, Originals and Sportswear.
T-H Marine Acquires YakGear
OneWater Marine, Inc. announced that its subsidiary, T-H Marine, has acquired YakGear, Inc., a supplier of kayak equipment, paddle sports accessories and boat mounting accessories based in Houston, TX.
Amazon To Close 4-Star, Book And Pop-Up Stores
Amazon is closing 68 brick-and-mortar bookstores and pop-up kiosks in the U.S. and UK to concentrate on its supermarkets, including Whole Foods and Amazon Fresh, according to a report from Reuters.
ACT Lab Hires Marketing Chief
ACT Lab, based in Long Beach, CA, announced that bike industry veteran Steve Boehmke will lead marketing for its labs and testing facilities in the U.S., Taiwan, China, Vietnam, and Europe.
Kathmandu Holdings To Undergo Name Change
Kathmandu Holdings Limited announced that it will undertake a name change to KMD Brands Limited.
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.
