SGB Update Outdoor
LEKI Owner, Waltraud Lenhart, Passes Away
Waltraud Lenhart, owner and managing partner of LEKI, unexpectedly passed away after a short and serious illness. She was 64 years young.
Amer Sports’ Debt Ratings Outlook Raised On Potential Recovery
Moody’s Investors Service changed to stable from negative the outlook on the debt ratings of Amer Sports Holding on its expectations that sales and earnings will recover this year after both declined in 2020 due to the pandemic.
Oberalp North America Announces Promotions From Within The Organization
Oberalp North America has promoted from within for key management roles.
Camping World Makes VP Appointments
Camping World Holdings Inc. appointed Elizabeth Garry as VP, e-commerce and Jessica Wegner as VP, customer loyalty and membership.
Mammut Sees 27 Percent Growth In First Quarter
The Conzzeta Group, based in Zurich, reported sales in its Outdoor segment, which consists of the Mammut brand, rose 26.9 percent on a reported basis and 28.2 percent on a currency-neutral basis in the first quarter ended March 31.
Birkenstock Assigned Preliminary ‘B’ Rating From S&P Following L Catterton Acquisition
S&P Global Ratings assigned a preliminary ‘B’ ratings on Birkenstock group’s senior debt rating following L Catterton’s announced plans to acquire a majority stake in the Germany-based footwear maker. The outlook is stable.
Pure Fishing Closes Purchase Of Plano Synergy, Sells Plano’s Accessories Brands To GSM Outdoors
Pure Fishing Inc. announced the close of its purchase of Plano Synergy Holdings Inc. As part of the closing of this purchase, Pure Fishing also announced it has closed the sale of Plano Synergy’s archery and hunting accessories brands to GSM Outdoors.
Birkenstock Opens Store In Brooklyn
Birkenstock opened a store in the Williamsburg section of Brooklyn. The Brooklyn store follows the successful openings of the brand’s first two U.S. company-owned retail stores in the SoHo neighborhood of New York City and in Venice Beach, CA.
Mountain Hardwear Names Director Of Marketing
Mountain Hardwear named Matt Burbach director of marketing. Most recently, Burbach served as the director of marketing content & creative for the brand.
Western Mountain Destinations With Strong Bookings And Rates
With just weeks to go in the six months of the winter ski season, western mountain resorts have been capitalizing on incremental fill in the final two months of the season to boost occupancy and revenue that brought some much-needed recovery to participating resorts in 18 mountain destinations spread across eight western state, according to the most recent Mountain Market Briefing distributed by DestiMetrics.
Escalade’s Sales Climb 59 Percent In First Quarter
Escalade Inc. posted quarterly revenue of $59.2 million in the first quarter ended March 20, an increase of 58.7 percent over the prior year, and a record for its first fiscal quarter, representing its fifth consecutive quarter of record sales.
GOA Members See Robust Recovery
Grassroots Outdoor Alliance (GOA) reported robust year-to-year retail sales gains in its March membership update last week. The group is up 8 percent on a rolling 12-month basis, with Q1 2021 reported figures showing a 34 percent increase over Q1 2020, according to the group.
L Catterton To Acquire West Marine
L Catterton, the private equity firm, announced that it has entered into a definitive agreement under which L Catterton will acquire a controlling interest in West Marine, the nation’s leading retailer in the marine aftermarket, from Monomoy Capital Partners.
REI’s Sales Slide 12 Percent In 2020
REI Co-op reported sales fell 11.9 percent in 2020 as the Co-Op managed through the challenges presented by the pandemic. REI also reported no profits in 2020 but ended the year in a strong cash position and debt-free, after investing millions in its impact work to combat climate change, address racial equity and support its network of nonprofit partners. REI also launched its Cooperative Action initiative.
Southeast Destination Lodging Running Well Above Pre-Pandemic Levels
After achieving record-setting seasonal rates and revenue for the winter season that ended in February, the most recent results released by DestiMetrics, a division of Inntopia in their monthly Market Briefing, revealed that those upward trends are continuing to surpass results from both last year and the previous year at participating resort properties in Florida, Georgia and South Carolina.
