SGB Update Outdoor
Kohl’s Debt Ratings Upgraded
Moody’s Investors Service changed Kohl’s Corporation’s outlook to stable from negative due to its improved credit metrics and improved profitability.
Sportsman’s Warehouse’s Third-Quarter Profits Slump 28 Percent
Sportsman’s Warehouse Holdings Inc., which recently ended its merger efforts with Bass Pro, reported profits, on an adjusted basis, declined 27.9 percent in the third quarter ended October 30 as same-store sales dipped 1.5 percent.
Vail Resorts To Acquire Seven Springs Mountain Resort
Vail Resorts, Inc. announced it had agreed to purchase Seven Springs Mountain Resort in Pennsylvania from Seven Springs Mountain Resort, Inc. As a part of the acquisition, Vail Resorts will also acquire Hidden Valley Resort and the operations of Laurel Mountain Ski Area.
NPD: U.S. Cycling Market Year-Over-Year Gains Moderate
In the 12 months ending October 2021, the U.S cycling market grew its revenue by only 3 percent compared to the prior year, to just over $8.4 billion, according to NPD Retail Tracking data. In the year-ago period, sales grew 45 percent.
Ports Keep ‘Container Dwell Fee’ On Hold Until December 13
The ports of Los Angeles and Long Beach, CA announced that consideration of the “Container Dwell Fee” would be held off another week until December 13.
SIMA Appoints Executive Director
The Board of Directors of the Surf Industry Manufacturers Association (SIMA) announced the appointment of industry marketing veteran Vipe Desai as executive director effective immediately.
Cotopaxi Partners To Support Australia Distribution
Cotopaxi said Sport Factory Pacific Limited, based out of Auckland, New Zealand and Sydney, Australia, will be Cotopaxi’s appointed Australasian distributor.
GSM Outdoors Appoints VP Of Fishing
GSM Outdoors announced the hiring of Crispin Powley to the position of vice president of fishing.
Thor Industries Q1 Sales Expand 56 Percent
Thor Industries reported net earnings rose 113 percent in the first quarter ended October 31 as sales rose 55.9 percent. Consolidated RV backlog as of October 31 increased over 100 percent.
Camping World Proposes Add-On To Its Senior Secured Term Loan
Camping World Holdings Inc. announced plans to issue a $300 million add-on to its senior secured term loan to fund the acquisition and development of RV dealerships and service centers.
Solo Brands Q3 Sales Surge 138 Percent
Solo Brands, the parent of Solo Stove and other outdoor brands, reported adjusted earnings climbed 39.7 percent in the third quarter ended September 30 on a 138.3 percent revenue gain.
Arc’teryx Appoints VP Footwear
Arc’teryx Equipment has appointed Ovidio Garcia as VP, footwear, effective immediately. In his new role, Garcia is responsible for leading the brand’s footwear strategy reporting directly to Katie Becker, chief creative officer, Arc’teryx.
Bedrock Manufacturing Company Appoints CEO
Bedrock Manufacturing Company (BMC) the parent of Shinola and Filson, has named Awenate Cobbina as CEO effective January 1, 2022. The appointment represents an expanded leadership role for Cobbina at BMC, where he currently serves as a member of its Board and runs investing and philanthropic activities for the company’s largest investor.
CLMBR Becomes Connected Fitness Partner Of The Denver Nuggets And Colorado Avalanche
CLMBR has reached an agreement to become the Official Connected Fitness Partner of the Denver Nuggets and Colorado Avalanche.
Outdoor Retailer In-Person Snow Show Returns To Denver In 2022
Outdoor Retailer Snow Show returns to Denver, CO, January 26-28, 2022, with in-person education, a redesigned floor plan centered around the “Resource Center,” and includes an information hub to access industry insights from experts.
