SGB Update Outdoor
Canada Goose Updates Guidance After Solid Holiday
Total revenue for the fiscal third quarter ended December 31 increased 6 percent year-over-year (YoY) to C$609.9 million, or up 5 percent on a constant-currency basis.
Boot Barn Holdings Sees Comps Down and Profits Up in Fiscal Q3 Period
The 9.7 percent decrease in consolidated same-store sales is said to be comprised of a decrease in retail store same-store sales of 9.4 percent and a decrease in e-commerce same-store sales of 11.5 percent.
Walmart U.S. Now Sees 150 New Stores Over Next Five Years
The retailer is also finalizing construction plans on 12 new projects it intends to start this year, along with converting one of its smaller locations to a Walmart Supercenter.
Yeti Holdings to Acquire Mystery Ranch
Mystery Ranch and its employees will continue to operate out of Bozeman, MT and work with Yeti over the next several months to integrate the teams and functions.
McKinsey and WFSGI See Upbeat Execs in Sporting Goods 2024 Report
After a mixed 2023, sporting goods companies continue to face macroeconomic headwinds, winner-takes-all competition, and rising levels of physical inactivity around the world. Still, many executives say they are more optimistic than at any time over the past few years.
Tom Brady’s TB12 Nutrition Brand to Merge with Nobull
Nobull was purchased in 2023 by beverage veteran Mike Repole. The deal includes footwear, apparel and nutrition products previously housed under the TB12 and Brady brands. Brady becomes the second largest shareholder.
Gordon Brothers Will Sell Zulily Inventory & Fulfillment Center Assets
The company has been engaged to sell by private treaty over $85 million of inventory and the assets of two 775,000-square-foot fulfillment centers on behalf of Zulily ABC LLC.
Dometic Group Revenues Slide Mid-Teens in Q4; Igloo Hurt by Retailer De-Stocking
The Swedish parent of the Igloo and Frontrunner brands, among others, reported that fourth quarter 2023 net sales declined 13 percent on an organic basis to SEK 5.33 billion.
BaseMap Completes Acquisition of HuntScore
The strategic, complementary acquisition accelerates industry-specific strategy to transform hunt planning, mapping and research via mobile devices.
Walmart Will Conduct 3:1 Stock Split
Shares to be issued in the stock split will be payable after market close on February 23, for shareholders of record at the close of business on February 22. Shareholders will receive a distribution of two additional shares of common stock for each share held.
Nordstrom Plans Two New Rack Locations in North Carolina
The new stores will be located in Raleigh and Matthews. The 32,000-square-foot Raleigh store will be located in Triangle Town Place open in fall 2024, while the 25,000-square-foot Matthews store outside Charlotte is expected to open in spring 2025.
Canyon Bicycles Appoints Chief Technology Officer
Chad Manuell was named chief technology officer and joined Canyon’s executive leadership team. He is responsible for driving innovation and ensuring the development and delivery of products to achieve the company’s long-term objectives.
Big Agnes Awards CDMC Sales Agency of the Year
Rob Cairns, Joni Collett and Drew Robinson received the credit for the award for “outstanding performance in the Western Canadian territory.”
SIA Appoints New Board Chair; Adds Four Board Members
Burton’s VP of Global Supply Chain, Rachel Grogan-Cook, is the new chair of the SIA Board of Directors, and the trade association added four new directors: Erik Anderson from Salomon, Danica Carey from Seirus, Jennifer McVey from Nidecker Group, and Shane Wallace from Dakine.
66°North Appoints CCO; Hires North America and EMEA Sales Chiefs
Jeppe Møller will take on the role of chief commercial officer after consulting with the brand in 2023. Justin Warren has joined the team as sales director for North America and Mike Massoulier Eriksen has been appointed head of sales EMEA.
