SGB Update Outdoor
Report: U.S. Ski Areas Boast Second-Highest Ever Visitor Rates on Solid Snowfall
The National Ski Areas Association reported preliminary data indicating that the 2024-25 season marked the second-highest visitation on record at U.S. ski areas, with a total of 61.5 million skier visits – a 1.7 percent increase year-over-year.
Report: Canadian Summer Bookings at U.S. Western Resorts Down 45 Percent
The DestiMetrics Market Briefing from May found travelers from Western Europe are also pulling back, with summer bookings down 30.3 percent. Conversely, Mexico’s visitation is running ahead 33 percent year-over-year.
Urban Outfitters Debuts On Rotation In-Store Experience — Starting with Nike
On Rotation will debut in UO stores featuring lounge-style installations in five key cities: New York, Washington D.C., Scottsdale, AZ, San Diego, CA, and Manhattan Beach, CA. The activation starts today, May 14, with its first partner, Nike.
Rakuten Rewards Appoints Chief Marketing Officer
Previously, Wendy Bergh was the general manager of Zoom’s Online business as the company became an AI-first work platform. She also held leadership roles at ServiceNow, Minted and Walmart.
Inflation Rise Falls Short of Estimates; CPI Posts Slowest Annual Rate Since 2021
On an annual basis, CPI came in at 2.3 percent, reportedly the slowest annual rate since early 2021, countering the consensus estimate that it would hold at 2.4 percent.
U.S. Customer Satisfaction Falls in First Quarter
The American Customer Satisfaction Index has remained flat or dropped in four consecutive quarters, something that has not occurred since the COVID pandemic.
Airstream Parent Thor Industries Appoints Head of Corporate Development & IR
The parent of the Airstream, CrossDoads, CruiserRV, Dutchman, Enter, Heartland RV, Highland Ridge RV, Jayco, Keystone, KZ, Starcraft, Thor, Tiffen, and Venture RV brands hired Seth Woolf as head of corporate development & investor relations.
Academy Sports Board Member Resigns
Scott Boatwright, an independent board member, has resigned as a director, reducing the size of its board from eleven to ten directors.
Solo Brands’ Q1 Sales Slide 9.5 Percent On Solo Stove’s Restructuring
Solo Brands Inc’s. sales declined 9.5 percent in the first quarter ended March 31 as Solo Stove’s revenues tumbled 49 percent, as planned, due to efforts to reduce discounting and promotion in its DTC channel. The company showed a loss in the period and reiterated its going concern warning.
Former Pelican International Execs Acquire and Merge Pelican and Confluence
The transaction was led by former Pelican President and CEO Danick Lavoie, along with former executives Frederic Guay and Guy Prenevost, and supported by a diverse and experienced group of private investors. The deal excludes GSI Outdoors.
GoPro, Inc. Sees Q1 Revenues Decline DD as Company Looks to Services for Upside
Subscription and service revenue increased 4 percent year-over-year to $27 million, primarily due to 5 percent ARPU growth from improving retention rates. GoPro.com revenue, including subscription and service revenue, was down 18 percent year-over-year.
Import Cargo Levels Expected to See First Year-Over-Year Drop Since 2023
Import cargo at the nation’s major container ports is expected to see its first year-over-year decline in over a year and a half this month as the effect of tariffs imposed by the administration on the supply chain increases, according to the Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Malibu Boats Sees Fiscal Q3 Sales Climb 12 Percent
Gains in the company’s Malibu segment offset declines in the Saltwater Fishing and Cobalt segments. The boat maker slightly lowered its guidance for the year due to softer retail trends and ongoing market uncertainty.
Recall Expansion: Igloo 90-Quart Flip & Tow Rolling Cooler
This recall expansion involves an additional 130,000 Igloo 90 Quart Flip & Tow Rolling Coolers manufactured before January 2024.
Fox Factory Tops Q1 Guidance
Fox Factory Holding Corp. reported first-quarter loss on a steep goodwill charged related to tariffs but adjusted earnings surpassed guidance with the benefit of cost-control efforts. Sales grew 6.5 percent with gains across its Aftermarket Applications Group (AAG), Specialty Sports Group (SSG) and Powered Vehicles Group (PVG) segments. Guidance was reaffirmed for the year.
