SGB Update Outdoor

Duluth Holdings Sees 24 Percent Q1 Revenue Gain

Duluth Holdings, the parent of Duluth Trading, slightly increased its annual outlook after reporting a profit against a loss in the first quarter. Sales grew 21.4 percent year-over-year.

Sportsman’s Warehouse’s Q1 Comps Climb 24 Percent

Sportsman’s Warehouse Holdings Inc., which has reached an agreement to merge with Sportsman’s Warehouse, reported same-store sales in the first quarter ended May 1 jumped 24 percent with significant year-over-year profit gains. Said Jon Barker, Sportsman’s Warehouse CEO, “We continue to capitalize on elevated participation in outdoor activities.”

Mustang Survival Acquires Ocean Rodeo Dry Wear

Mustang Survival announced the acquisition of the Ocean Rodeo Dry Wear business. The dry wear solutions for action watersports and commercial marine will be merged into Mustang Survival’s Recreation and Professional dry wear assortment.

Anything Possible Brands Appoints CEO

Fishing tackle maker Anything Possible Brands announced the addition of John Weiss as its new chief executive officer. Weiss has held leadership roles in the fishing industry for more than 25 years including executive vice president of global brands for the Jarden Corporation (Pure Fishing) and president of Rhythm Inc.

Moncler Appoints Chief Brand Officer

Moncler announced the appointment of Gino Fisanotti in the newly created position of Moncler chief brand officer, effective June 7. Most recently, he served as Nike’s first brand creative officer.

Dick’s Sporting Goods Announces Grand Opening Of Seven Stores

Dick’s Sporting Goods announced the grand opening of seven new locations, including its second Dick’s House of Sport in Knoxville, TN on June 4, one relocated Dick’s Sporting Goods, two newly redesigned Golf Galaxy locations and three Warehouse Sale locations.

Clarus To Acquire Rhino-Rack

Clarus Corporation announced it has entered into a definitive agreement to acquire Australia-based Rhino-Rack Pty Ltd, a manufacturer and distributor of automotive roof racks, trays, mounting systems, luggage boxes, carriers, and accessories, for an aggregate purchase price of  U.S.$198 million.

The Pro’s Closet Raises $40M In Series B Funding

The Pro’s Closet, an online seller of pre-owned bikes, closed a $40 million Series B funding round led by The Chernin Group with participation from existing investors Foundry Group, Edison Partners and Ridgeline.