SGB Update Outdoor

VF Corp’s Former CFO Joins Tapestry

Tapestry Inc., the parent of Coach, Kate Spade and Stuart Weitzman., has hired Scott Roe as chief financial officer, effective June 1, 2021. Roe was formerly VF’s CFO.

CODI Sees Q1 Revenues Expand 38 Percent

Compass Diversified (CODI) reported net sales rose 38.4 percent for the first quarter ended March 31 and raised its earnings guidance for the year. The company said it was helped by last year’s acquisition of Marucci and BOA.

Columbia Sportswear Hikes 2021 Outlook On Robust Q1 Results

Columbia Sportswear Company raised its guidance for the year after reporting first-quarter sales and earnings arrived well above Wall Street’s targets and seeing healthy early Spring 2021 sell-through and Fall 2021 orders. The first-quarter gains were led by direct-to-consumer e-commerce business, which grew 35 percent year-over-year.

L.L.Bean To Open Seven Stores In 2021

Following its strongest fiscal year in nearly a decade,  L.L.Bean announced it will open seven new retail stores across the U.S. and Canada in 2021. These include three stores in the U.S. and four in Canada.

Academy Sports’ Debt Ratings Outlook Raised To Positive

Moody’s Investors Service changed its outlook for Academy, Ltd. to positive from stable. The change in outlook to positive from stable reflects Academy’s outperformance relative to expectations since the IPO, and the potential for the company to maintain solid credit metrics as demand in the sporting goods category moderates.

XS Sights Announces Staff Promotions

XS Sights announced the promotions of Zack Kinsley to vice president of business development and Addison Monroe to marketing manager.

Coonhound Adds Coverage For Western Canada

Coonhound Sales & Marketing, Canada’s outdoor sales agency, hired Shaun Furlong as territory sales manager for Hard Goods covering the western Canadian provinces.

Shimano Posts Huge Q1 Gains in Bikes, Fishing

Shimano Inc. reported sales grew 64.4 percent in the first quarter. Sales in the Bicycle Components segment jumped 76.3 percent while sales in the Fishing Tackle segment increased 25.6 percent.

Helen Of Troy’s Housewares Q4 Revenues Climb 12 Percent

Helen of Troy Ltd. reported sales in its Housewares segment, which includes Hydro Flask and OXO, increased 12.1 percent in its fiscal fourth quarter ended February 28. The gains were driven by the OXO brand, which benefited from heightened interest in home cooking.

Cotopaxi Bolsters Team With Strategic Hires

Cotopaxi announced four hires, including Cindy Grönberg Moldin, vice president of brand, Landon John, director of retail, Skylar Stice, director of operations, and Carie Behe, GTM marketing manager.

Pure Archery Hires Southwest Territory Manager

Pure Archery Group has hired Chris Levai as Southwest territory manager for Alaska, Arizona, Colorado, Hawaii, New Mexico, Nevada, Utah. He will represent all Pure Archery brands while supporting dealers from his home in Prescott, AZ.