SGB Update Outdoor
Kohl’s Swings to Q4, Full Year Profit as Retailer Posts Best Comps Since 2010
The store business had its best comparable sales performance since 2010 and the retailer managed inventory down 10 percent at year-end. Net income was $186 million in Q4, compared to a net loss of $273 million in Q4 2022.
North Point Brands Adds RepYourWater to Brand Portfolio
The husband-and-wife co-founders of RepYourWater, Garrison and Corinne Doctor, will bring their talents to all sectors of North Point Brands.
Clarus Board Appoints New Director, Approves Top Shareholders to Increase Stakes
The parent of the Black Diamond, MaxTrax and Rhino-Rack brands, has appointed Roger Werner to serve on the Board of Directors, effective as of March 8, 2024 and approved two top shareholders’ bids to increase ownership percentage.
Vail Resorts, Inc. Appoints New Board Member
Reggie Chambers is EVP and chief transformation officer for the TIAA. Before joining the company in September 2023, he was the CFO and head of strategy for the commercial banking division of JPMorgan Chase.
Vail Resorts Fiscal Q2 Hurt by Weather Issues, but Pre-Season Pass Sales Help
The results for the second quarter were said to be negatively impacted by challenging conditions at all North American company resorts, with approximately 42 percent lower snowfall across western North American resorts through January.
NRF Reports Import Cargo Returning to Normal After Red Sea Disruptions
Inbound cargo volume at the nation’s major container ports remains on track to show year-over-year increases through the first half of 2024.
Ross Stores, Inc. Opens 18 New Stores to Start the Fiscal Year
These new locations are part of the company’s plans to add approximately 90 new stores, comprised of about 75 Ross and 15 DD’s Discounts, during fiscal 2024.
Macy’s, Inc. Hires VP to Lead Macy’s Media Network
Michael Krans oversees the company’s in-house media publisher connecting the retailer’s advertising partners with Macy’s and Bloomingdale’s customers.
Bass Pro Shops to Open New Store in Pittsburgh
Bass Pro Shop’s newest 100,0000-square-foot two-level Outdoor World retail store, part of the Newbury Market, is the company’s third in Pennsylvania and the first in Western Pennsylvania.
REI To Open Tenth Store In Colorado
The 23,000-square-foot space will open in the Marketplace at Centerra in Loveland, CO with buy online/pickup in-store and curbside pickup service.
Genesco Inc. Q4 Comps Slip 4 Percent as Journeys Continues to Shrink
The overall 2 percent sales increase for Q4 was reportedly driven by a 6 percent increase at Schuh, a 9 percent gain at Johnston & Murphy and a 24 percent increase at Genesco Brands, partially offset by a decrease of 2 percent at Journeys.
Traeger Saw Upside in Q4 in a Tough 2023 but Sees Softness Ahead
Despite a declining overall full year business, Grills and Accessories revenues each grew more than 20 percent in Q4, while Consumables revenues were flattish. The company sees continued softness in grill industry demand in 2024.
Primus-Silva Appoints New CEO
Primus-Silva appointed Jonas Sjögren as its new CEO, effective April 8. He takes the helm from Richard Jägrud, who leaves the company on April 30 to pursue new career challenges.
Black Diamond Segment Q4 Sales Fall Nearly 10 Percent on Europe Woes
Sales in the Outdoor segment (Black Diamond) were $50.1 million, or $50.0 million on a constant-currency basis in Q4, compared to $55.3 million in the prior-year comp quarter.
American Outdoor Brands Sees Flat Net Loss as Fiscal Q3 Sales Grow 5.0 Percent
Traditional channel net sales increased 8.1 percent year-over-year (YoY) to $28.5 million while e-commerce net sales increased 1.6 percent YoY to $24.9 million for the fiscal third quarter ended January 31.
