SGB Update Outdoor

CZG Completes Colt Acquisition

Colt Holding Company LLC announced CZG Group has successfully closed its acquisition of 100 percent of the equity interest in Colt, the parent company of the U.S. firearms manufacturer, Colt’s Manufacturing Company LLC and its Canadian subsidiary, Colt Canada Corporation.

Hurley Opens Store In Asbury Park

Hurley has opened its first store in New Jersey in Asbury Park. The location marks the surf brand’s first East Coast location outside of Florida.

RECALL: Thule Tepui Hybox Rooftop Tents

Thule Group initiated a recall in partnership with NHTSA (National Highway Traffic Safety Administration) of  the Tepui Hybox 8001HB103, 8001HB112, Tepui Hybox Wedge, 8001HB203, Thule Tepui HyBox, 901100, and Thule Tepui HyBox Wedge, 901110, rooftop tents.

VF Corp.’s Q4 Sales Top Wall Street’s Target

VF Corp. reported sales in its fiscal fourth-quarter beat top-line estimates but earnings came in slightly below targets. Sales in the quarter grew 19 percent on a currency-neutral basis, led by a 23 percent gain by The North Face. Vans’ sales grew 10 percent and Timberland’s sales gained 19  percent on a currency-neutral basis.

Deckers Brands’ Q4 Eclipses Wall Street’s Targets

Deckers Brands reported earnings and sales in the fourth quarter ended March 31 came in well above  Wall Street’s consensus targets. Sales grew 49.7 percent with sales ahead 53.1 percent at Ugg and 74.2 percent at Hoka One One.

Kathmandu Appoints New CEO

Kathmandu Holdings Limited announced the appointment of Michael Daly, CEO of Rip Curl, as group chief executive officer and managing director following the resignation of Xavier Simonet, chairman of Kathmandu Holdings.

Arc’teryx Appoints VP, Brand

Arc’teryx Equipment announced the appointment of Karl Aaker to the role of VP, brand, effective immediately. He formerly worked for Lululemon and Nike.

Arizona’s First Scheels To Open Fall 2023 In Chandler

Scheels announced plans to bring its first location to Arizona, opening Fall of 2023 in Chandler. The shopping destination is planned for the Chandler Fashion Center after a full renovation and expansion of a vacant building, and will feature 220,000 square feet of retail space.