SGB Update Outdoor
Puffin Drinkwear Hires VP of Wholesale Sales
Julian Davis will bring his extensive experience in sales and operations, account management and product marketing to the company.
Report: Two-Month Holiday Selling Season Sales Rose 3.07 Percent
Total retail sales for the full calendar year 2023 were up 5.32 percent over 2022, and core retail sales were up 4.46 percent.
Daiwa USA Doubles Capacity with New California Office and DC
With the installation of the Daiwa logo sign above the main entrance this week, the tackle manufacturer officially completed its office and warehouse move, doubling space and capacity to ship product.
Camping World Adds Three Locations in Texas / Oklahoma Markets
The company is set to acquire Genuine RV, with locations in Texarkana and Nacogdoches, TX and Idabel, OK, bringing the company’s Texas location count to 13 and in Oklahoma to six.
NRF Chief Economist Sees Potential Rough Road Ahead for Retail
The National Retail Federation’s Chief Economist Jack Kleinhenz believes consumers spent more than expected amid high inflation and interest rates during 2023, but spending growth is likely to slow in 2024.
Finisterre Appoints President and GM for North America
UK-based surf lifestyle apparel brand appointed Chris Evans as president and general manager for North America. Most recently, he was the VP of international and sustainability at Vissla and previously held roles at Patagonia and Billabong.
Zumiez Sees Q4 Results at Low End of Guidance After Tough Holiday
Zumiez forecasted fiscal 2023 fourth-quarter sales to be near the low end of its guidance range of $275 million to $281 million and fourth-quarter earnings per share to also be near the low end of its range of 24 cents to 34 cents.
Coleman, Marmot Parent Sees Further Cuts in New Organizational Realignment
The majority of the plan’s costs are in the area of cash severance payments and other termination benefits. The company plans to reduce its office roles by approximately 7 percent, with most expected to be complete by the end of 2024.
Compass Diversified Promotes Three on Investment Team
The owner of Velocity Outdoor, BOA, Primaloft, 5.11, and other active lifestyle brands, promoted investment team members Raj Dalal, Lucas Scholhamer and Phoebe Madsen.
UK Retail Foot Traffic Declines Sharply in December
Overall retail UK foot traffic decreased by 5.0 percent year-over-year in December, down from a 0.7 percent decline in November, according to BRC-Sensormatic IQ data.
NRF: Import Cargo Enters Winter Lull as Red Sea Disruptions Continue
Inbound cargo volume at the nation’s major container ports should gradually decline during the first quarter of 2024 before increasing in the spring, according to the latest NRF report.
Outdoor Foundation Appoints New Executive Director
Lesford Duncan joins Outdoor Foundation as ED with over a decade of experience in public management in government and nonprofit sectors. Most recently, he was the CEO of the Greening Youth Foundation.
Helen of Troy Home & Outdoor Segment Posts Fiscal Q3 Growth
The segment, which includes OXO, Hydro Flask and Osprey, increased 3.1 percent to $235.9 million for the three-month period ended November 30, compared to $228.9 million in the prior-year corresponding period.
Solo Brands Names Chris Metz as CEO; Company Cuts Full-Year Guidance
Revenue is now expected to be between $490 million and $500 million. This compares to our previous guidance of $520 million to $540 million. New CEO Chris Metz was, most recently, CEO of Vista Outdoor.
Lululemon Athletica Ups Guidance on Solid Holiday Performance
Fiscal Q4 net revenue is now expected to be in the range of $3.17 billion to $3.19 billion, representing a 14 percent to 15 percent increase compared to Q4 2022. The previous guidance range was $3.14 billion to $3.17 billion.
