SGB Update Outdoor
Igloo Announces Board Of Director Appointment
Igloo announced that Andrew Perlmutter will join Igloo Product Corp.’s Board of Directors. Known in the pop culture world as a brand builder, Perlmutter joins the brand with decades of expertise and is aligned to guide Igloo’s strategic initiatives for the Playmate collection through licensing and partnerships.
Boot Barn Gets E-Comm Lift in Fiscal Q1 To Partially Offset Retail Store Decline
Boot Barn Holdings, Inc. reported that net sales decreased 20.5 percent to $147.8 million in the first fiscal quarter ended June 27. Same-store sales decreased 14.9 percent, comprised of a 27.1 percent decrease in retail store same-store sales and a 51.9 percent increase in e-commerce sales.
ATTA Sees U.S. Packaged Adventure Travel Bouncing Back Faster Than Other Travel
The U.S. Adventure Traveler Sentiment June/July 2020 report revealed that U.S. consumers of ATTA adventure tour operators are expected to resume near pre-COVID-19 level travel spending in 2021, spending an estimated 7 percent less than their 2019 travel expenditure.
Trump Signs Great American Outdoors Act Into Law
The Outdoor Industry Association and NSSF are both celebrating after President Trump signed the ‘Great American Outdoors Act’ into law.
Adidas AG Extends CEO’s Appointment Through July 2026
The Supervisory Board of Adidas AG has extended the appointment of CEO Kasper Rorsted by another five years until July 31, 2026.
Amer Sports Q2 Revenues Sink 36 Percent
Amer Sports’ revenues fell 36 percent in the second quarter, driving a 22 percent decline in the first half of the year, according to debt reviews from Moody’s and S&P. Bot rating agencies affirmed Amer has adequate liquidity to operate through the year and each assigned a low investment-grade rating of B3 and B- on Amer’s new €100 million facility.
Smith & Wesson Brands Sets Spinoff Date
Smith & Wesson Brands Inc. announced that its board of directors has approved the previously announced separation from Smith & Wesson Brands, Inc. of its outdoor products and accessories business into an independent, publicly-traded company.
NICS Checks Surge 123 Percent In July
The FBI completed 1.85 million gun background checks on an NSSF-adjusted basis in June, a hike of 122.5 percent compared to the June 2019 NSSF-adjusted NICS figure of 830,579. The rate builds on gains of 135.7 percent in June, 75.2 percent in May, 69.1 percent in April and 41 percent in March.
DW Sports Enters Administration
DW Sports, which operates 73 gyms and 75 stores across the U.K., said it plans to enter into administration. All of its stores will close, but DW plans to work with administrators from BDO to save as many gyms as possible.
OR Parent’s Q2 Results Marred By Event Cancellations
Emerald Holding Inc., the parent of Outdoor Retailer, Surf Expo and other trade shows, reported a steep decline in revenues in the second quarter due to event cancellations tied to COVID-19 but saw a more modest decline in earnings due to the arrival of initial claims confirmed under its event cancellation insurance policy.
Emerald Holding Announces Election Of New Preferred Stock Directors
Emerald Holding Inc., the parent of Outdoor Retailer, Surf Expo and other trade shows, announced that OPV GEM Aggregator LP, the majority holder of the outstanding shares of Series A Convertible Participating Preferred Stock of Emerald Holding, Inc., elected Lynda Clarizio and David Levin as Preferred Stock Directors to the company’s Board of Directors, effective immediately.
Hydro Flask Announces ITC Filing To Combat Counterfeiting
Hydro Flask, a Helen of Troy Limited, announced its recent filing with the U.S. International Trade Commission (ITC) to combat widespread importation of counterfeit Hydro Flask products into the United States.
Icebreaker Appoints New GM and VP
Icebreaker appointed Cameron Walker as its new GM and VP at Icebreaker North America, Rachel Winkel as director of North American marketing and Sam Minassian as head of e-commerce & digital marketplaces.
VF Corp Appoints President, Greater China
VF Corporation announced the appointment of Winnie Ma to the new position of president, Greater China. Ma joins VF following a 10-year career at Unilever, North Asia, where she most recently led the Beauty & Personal Care category business.
Safilo’s Q2 Sales Drop 54 Percent, Smith’s Online Sales Expand 40 Percent
Safilo, the parent of Smith Optics and manufacturer of a wide range of designer eyewear brands, posted total net sales of €114.5 million in the second quarter, down 54.0 percent at current exchange rates and 53.7 percent at constant exchange rates.
