SGB Update Outdoor
Moody’s Assigns B2 To Academy’s New Senior Secured Notes
Moody’s Investors Service assigned a B2 rating to Academy, Ltd.’s proposed term loan due 2027.
Nikwax Makes New Hires To Broaden Marketing And Retailer Support
Nikwax announced new hires accompanying its recent North American headquarters move.
Play It Again Sports Parent Announces Run-off Of Leasing Portfolio
Winmark Corp, the parent of Play It Again Sports, announced that it would no longer solicit new leasing customers and would pursue an orderly run-off for its middle-market leasing portfolio.
Western Mountain Lodging Finishes Winter Season On Strong Note
A late-season surge increased visits to enable participating properties in Western mountain destinations to reach an aggregated 102.3 percent of the total actual room nights booked for the entire last winter, according to Inntopia’s DestiMetrics tracking service. However, daily rates weren’t strong enough to offset more than a month of lost nights.
L.L.Bean Announces New Charitable Partners
L.L.Bean announced plans to continue investing in a range of organizations and initiatives focused on supporting local communities and increasing outdoor access for all.
April Retail Sales Hold Mostly Steady From March
Retail sales were virtually unchanged from their strong performance a month before and grew dramatically year-over-year in April as the rapidly recovering U.S. economy marked a full year since the coronavirus pandemic shut down most stores during the spring of 2020, according to the National Retail Federation.
Gregory Sales Show Slight Decline In Q1
Samsonite International reported net sales on a currency-neutral basis in the first quarter slid 3.6 percent for the Gregory brand and fell 29.8 percent for High Sierra.
Yeti’s Q1 Sales Expand 42 Percent
Yeti Holdings Inc. reported earnings increased three-fold in the first quarter ended April 3 as sales grew 42 percent. Both earnings and sales came in well above Wall Street targets.
Canada Goose’s Q4 Revenues Climb 34 Percent
Canada Goose Inc. reported sales in its fiscal fourth-quarter ended March 28 rose 33.7 percent and easily exceeded Wall Street estimates.
SportChek’s Comps Climb 19 Percent In First Quarter
Canadian Tire Corp. reported SportChek’s retail sales increased 10.0 percent in the first quarter and comparable sales were up 18.7 percent over the same period.
Outdoor Retailer To Require Masks At Summer Denver Show
Outdoor Retailer posted its “Health + Safety Plan” for the Outdoor Retailer Summer Show to be held this August in Denver, CO, which includes temperature checks and mandatory face masks.
La Sportiva Appoints Southeastern Sales Reps
La Sportiva announced that John and Brad Dorough, co-owners of Vertical Momentum Rep Agency, will represent La Sportiva NA in the Southeast effective immediately.
Boot Barn’s Q4 Comps Expand 26.9 Percent
Boot Barn Holdings Inc. reported earnings increased more than four-fold in the fourth quarter ended March 27 as same-store sales grew 27 percent.
Camping World Announces Proposed Refinancing
Camping World Holdings Inc. announced plans to refinance its senior secured credit facilities.
Under Armour’s Debt Ratings Outlook Upgraded
S&P Global Ratings raised its debt outlook for Under Armour Inc. to Stable From Negative. S&P said Under Armour’s strong first-quarter results “indicate its financial metrics are improving amid the coronavirus pandemic.”
