SGB Update Outdoor
VF Corp. Sees Q3 Business Decline Accelerate; Will Conduct Strategic Review of Brands
The 16 percent year-over-year decline was an acceleration of the decline in the business, which was down just 2 percent in the fiscal second quarter when new CEO Bracken Darrell sounded the alarm that all was not well in the business.
Tactics Opening First Location Outside of Oregon
The Oregon-based skateboarding and snowboarding specialty retailer is adding a new store in the Ballard neighborhood of Seattle, WA. The opening is planned for early summer 2024.
Nordstrom to Open 18th Rack Store in Illinois in Spring 2025
The 25,000-square-foot store will be located in Randall Square, adding to the four Nordstrom stores and 17 Nordstrom Rack stores in Illinois at press time.
Amer Sports Company Launches New Senior Secured Notes Offering
The net proceeds from the offering of the Notes and the expected net proceeds from the New Senior Secured Credit Facilities are expected to repay all outstanding indebtedness under the company’s existing credit facilities, which will be terminated.
Costco Wholesale Appoints New CFO as Galanti Moves to Advisory Role
The Costco Board of Directors named Gary Millerchip EVP and CFO, effective March 15. He is the SVP and CFO at The Kroger Co. Galanti will remain with Costco through January 2025 in an advisory role and will continue on the Board of Directors.
Vail Resorts Adds European Board Member as Global Expansion Looms
Originally from Munich, Germany, Knobloch resides in Paris, France and is president of the Cannes Film Festival. She started her career practicing law in Munich, New York and Los Angeles and went on to have a 25-year career in various leadership roles at WarnerMedia.
Whyte Bikes Appoints Cannondale Vet as New CEO
Nikki Hawyes was appointed CEO, replacing Ed Culley, who is departing for a new role. Concurrently, Jonathan Neale, the former COO of McLaren Group and CEO of McLaren Racing, was appointed chairman of the Board of Directors, replacing David Hill.
Accell Group to Consolidate Manufacturing Footprint, Cut Staff
In adjusting its operating model from a decentralized “house of brands” to an integrated player in the bicycle industry, Accell Group said it intends to better leverage its strong European manufacturing footprint, decrease operational complexity and improve its competitive position.
Obviouslee Grows Outdoor Strategy Team
National marketing agency taps industry veteran Joe Jackson, promotes Andrew Piasecki to co-lead its outdoor team.
Decathlon Claims First to Market with Apple Vision Pro App
Decathlon said the app was reimagined for Apple Vision Pro to enable customers to discover its latest outdoor and cycling product innovations and shop for their favorite sporting goods.
Alterra Mountain Company to Acquire A-Basin
Alan Henceroth, A-Basin’s COO, who has worked for A-Basin for 36 years, will continue to lead the resort, overseeing daily operations and future capital improvement plans, which include expanding parking and snowmaking.
Sea to Summit Acquires its Nordic Distributor
Cirdan has been “instrumental in distributing Sea to Summit outdoor equipment on the sport and outdoor markets for almost 20 years.”
Thor Industries Names New Member to Board
Jeff Lorenger is the president, CEO and chairman of the Board for HNI Corp., a manufacturer of workplace furnishings and residential building products. He has served as president and CEO since June 2018.
Solo Brands Fills Two Senior Leadership Roles
Laura Coffey was named CFO and Michael McGoohan was appointed to the newly created position of EVP and chief growth officer, both effective immediately.
Jackson Hole Mountain Resort Sold to Local Investors
Jay Kemmerer, who has served as the chairman of JHMR for 32 years, will remain on the Board, along with the new owners, Jackson Hole investors and current JHMR Board members Mike Corbat and Eric Macy.
