SGB Update Outdoor

Univ of Michigan Consumer Sentiment Index Improves for Third Straight Month

Americans’ view of the economy improved slightly in February despite inflationary concerns, according to The University of Michigan’s monthly survey. Joanne Hsu, Surveys of Consumers director, said, “All Index components posted insignificant movements this month; overall, consumers do not perceive any material differences in the economy from last month.”

Oregon’s Cascade Farm and Outdoor to Close

Employee-owned discounter Bi-Mart will close its five Cascade Farm and Outdoor locations in Oregon and Washington this spring to focus on its flagship Bi-Mart discount chain.

REI to Open New Store in Eugene, Oregon

The new store replaces REI’s original location on Lawrence Street, which opened in 1992. That location will close on Sunday, February 22. Both stores will be closed from February 22 to 26. The new store will have a soft opening on Friday, February 27.

GoPro Appoints President, Promotes Insider to CFO

GoPro Inc. promoted Brian McGee, currently CFO and COO, to president and COO, effective March 17, according to a regulatory filing. On that date, Brian Tratt, GoPro’s VP of Finance, will become CFO.

Yeti Undergoes CFO Transition

Yeti Holdings Inc. appointed Scott Bomar, formerly at Home Depot, as SVP, CFO and treasurer, effective February 23. Mike McMullen, Yeti’s CFO since February 2023, is stepping down on that date.

Intense Cycles Names Director of Marketing

The maker of mountain bikes, based in Temecula, CA, appointed Jimmy Astleford, formerly at YT Industries USA and DC Shoes, as director of marketing.