SGB Update Outdoor
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.
Camping World Appoints Vice President Of Learning And Development
Camping World Holdings Inc. appointed AnnaMarie Balch Olson as vice president of Learning and Development.
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.
Camping World Announces Peer-To-Peer RV Rental Marketplace Launch Plans
Camping World Holdings Inc. announced details surrounding the planned launch of its Peer-to-Peer RV Rental marketplace, marketed as Camping World RV Rentals.
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.
VF Corp. Enters Into Agreement To Sell Occupational Portion Of Work Segment
VF Corp announced that it has entered into a definitive agreement to sell the occupational portion of its Work segment to a subsidiary of Redwood Capital Investments, LLC.
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.
Backcountry Appoints New CFO
Backcountry.com announced the hiring of Jim Bell as its new chief financial officer, effective April 19, further strengthening Backcountry’s leadership team as it capitalizes on growth in e-commerce while preparing to expand its brick & mortar retail footprint.
REI To Relocate Mountain View Store To Sunnyvale
REI Co-op, which has over a dozen locations in Northern California, will relocate its Mountain View, CA store to Sunnyvale in fall 2021.
