SGB Update Outdoor

Gearhead Outfitters Closes Store in Kansas
The closing of the Olathe store is part of a “broader strategic review” of the Arkansas-based, family-owned and operated retail company’s overall national footprint. The nearby Overland Park store will remain open.

Dick’s SG Seeks to Make Debt Exchange with Foot Locker as Part of Acquisition Deal
The U.S. retailer of sports equipment, apparel, footwear, and accessories, is offering to exchange its debt for Foot Locker’s $400 million outstanding debt as part of its pending acquisition.

Abode Outside Names Bill Chandler Director of Sales; Adds Indie Reps
A veteran in the Outdoor and Specialty CPG industries, Chandler brings over 25 years of experience driving wholesale growth, building sales teams and strengthening brand visibility across North America and global markets.

Frank Hugelmeyer Named Board President for the International Council of Marine Industry Associations
The former Outdoor Industry Association (OIA) CEO and current National Marine Manufacturers Association (NMMA) President and CEO has been elected the incoming Board president of ICOMIA to serve a two-year term.

Bass Pro Shops to Open New Outpost in Muncy, Pennsylvania
Bass Pro Shops will have four stores in Pennsylvania following the completion of the 75,000-square-foot Outpost store in Muncy, which is part of the redevelopment of a former Lycoming Mall property into “The District.” The design approach for The District will “emphasize community character, outdoor heritage and a sense of place.”

Vail Resorts Tempers FY Guide on Weaker Lift Ticket Visitation, CEO Transition Costs
The revised guidance reflects the lower than expected lift ticket visitation in the spring that was partially mitigated by the company’s focus on its resource efficiency transformation plan and strong cost discipline. It also now includes an estimated $9 million in one-time costs related to the CEO transition announced in late May.

GoPro, Inc. Adds Two Members to Board of Directors
GoPro, Inc. appointed Mike Dennison, CEO of Fox Factory Holding Corp. and Emily Culp, chief brand and strategy officer of BodyHealth, to its Board of Directors.

Winnebago Sees Fiscal Q3 Falling Short of Analyst Targets
The maker of motorhomes and towables said it expects earnings and sales for the fiscal third quarter ended May 31 to come in below analyst targets due to “worsening consumer sentiment and an increasingly cautious dealer network in the final two months of our fiscal third quarter.”

Pelican Intl USA Bumps Prices on Wilderness Systems, Dagger and Perception Products
The company started to adjust pricing on newly produced kayaks, effective June 4, 2025. The price hikes are said to be in response to ongoing economic pressures, including rising operational costs, sourcing challenges, and fluctuating tariffs.

Duluth Holdings Widens Q1 Loss, Plans Further Restructuring Moves
The casual apparel and workwear brand widened its loss in the first quarter ended May 4 as sales dropped 12.0 percent. Returning CEO Stephanie Pugliese stated in a media release that she is conducting an “in-depth review” of the organization to simplify its operations, focusing on brand awareness, solution-based products, product innovation, and customer service.

Canada Goose Holdings Inc. to Pay $30 Million Over Vendor Contract Dispute
An arbitrator has awarded financial compensation to a former Canada Goose vendor in connection with a previously announced commercial dispute.

Costco May Comps Grow 6.0 Percent x-Gas; E-Commerce Up 12 Percent
Excluding gas, Costco’s same-store sales in the U.S. were up 5.5 percent in the U.S. and 6.0 percent overall. E-commerce sales advanced 12 percent.

SIA Preliminary Winter Season Report Reveals Evolving Winter Sports Participant
The SIA data suggests that while U.S. participants in snow sports activities rose by 2.4 percent season-over-season, the mix of activities and engagement levels are “evolving,” which the outdoor trade association said reflects changing interests, the impact of changing weather patterns and consumer behaviors.

Tilly’s Q1 Same-Store Sales Retreat 7 Percent
The surf & skate chain logged a slightly wider loss in the first quarter ended May 3 as same-store sales dropped 7.0 percent. The sales decline was smaller than in the fourth quarter, with further improvement seen so far in the second quarter.

The North Face Hit with Cyber Attack
The company discovered a “small-scale” cyberattack in April of this year, and an unauthorized party may have stolen some personal information from its customers but not their financial information, which TNF processes through a third party.