SGB Update Outdoor
Newell Brands Sees Turnaround in Sight, but Outdoor Segment Continues Shrinking
The parent company of Marmot, Ex Officio, Stearns, Bubba, Coleman, and Contigo, among others, saw the Outdoor segment fall 25 percent in Q1, reflecting a core sales decline of 20.3 percent and the impact of unfavorable FX and certain business exits.
Hike Doggie Welcomes First Franchise
Barrett Marcum leads the Denver South franchise who reportedly is “a passionate advocate for the well-being of animals, an outdoor enthusiast and a former Hike Doggie hiker.”
Columbia Sportswear Ups 2024 Profit Guide, Maintains Sales Decline
First quarter net sales decreased 6 percent to $770.0 million. The decline primarily reflects lower wholesale net sales in the U.S. and Canada, driven by retailer cautiousness, a challenging competitive environment and generally soft consumer demand.
Alterra Mountain Co. Completes Acquisition of BC Heli Ski Operation
Alterra Mountain Company closed on the purchase of Mike Wiegele Helicopter Skiing in Blue River, BC, Canada, further expanding the company’s heli-skiing portfolio, complementing CMH Heli-Skiing & Summer Adventures.
Escalade Inc. Swings to Q1 Profit as Gross Margins Spike
Total net sales increased 0.7 percent year-over-year to $57.3 million in the first quarter, primarily due to a return in normalized seasonal demand for basketball products, outdoor games and archery.
Vail Resorts to Sell $600 Million in Senior Notes in Private Offering
The company intends to use the proceeds from the proposed offering to fund the redemption of all $600 million of its outstanding 6.250 percent Senior Notes due 2025 at a redemption price equal to 100 percent of their principal amount and all related fees and expenses.
Mountain Khakis Opens Outlet Store in Utah
The Traverse Mountain Outlet store in Lehi, UT is the brand’s second retail store to open this year, following the addition of its Castle Rock store in Colorado.
Jetty Hires Apparel Industry Vet as COO; Sets Future Plans
The New Jersey-based surf apparel company, with a growing presence in the outdoor and active lifestyle markets, saw the opportunity to add apparel veteran Lee Byrd to the team as it is “focusing on its authentic roots and devotion to the dynamic, moody coast on which it was born.”
Strava Hires new Chief Product Officer and Chief Technology Officer
The U.S.-based internet service for tracking physical exercise that incorporates social network features, hired Matt Salazar as chief product officer and Rob Terrell as chief technology officer.
Report: Camping Sentiment Up in 2024 Despite Inflation Concerns
RMS North America conducted independent research on campers ages 18 to 60-plus to collect data on the differences between generations, but found similarities, too.
Helen of Troy Home & Outdoor Segment Keeps Company Positive in Q4
The Home & Outdoor segment, including the OXO, Osprey and Hydro Flask businesses, increased 5.4 percent in the fourth quarter, helping the parent’s consolidated sales trend positive with 1 percent growth.
Revelyst Hires Chief Supply Chain Officer
Effective April 22, Joe Beck, a longtime supply chain and business operations leader assumed the role as chief supply chain officer.
Mountain Khakis Appoints New Southeast U.S. Reps
Adventure Mountain Group, headed by CEO Tom Hammond, will represent the line in the Southeast U.S., along with his team of five.
Vvolt Welcomes New National Sales Manager
Chris Streight will support the brand’s growth in domestic and international wholesale channels and the customer experience team.
Elevate Textiles Names CEO and Board Director
A global textile solutions company, announced that Jeffrey P. Pritchett will join the company as CEO and Member of the Board of Directors on April 23.
