SGB Update Outdoor
Academy Sports + Outdoors Expanding with Three New Locations
The retailer has opened two new locations in Fort Walton Beach, Florida. and Midlothian, Virginia; and will open another new store in Morgantown, West Virginia later this month.
NRF: Father’s Day Spending To Hit Record $24 Billion this Year
U.S. consumers are poised to spend a record $24 billion on Father’s Day this year, according to an annual survey from the National Retail Federation. Over three-quarters of consumers (76 percent) plan to celebrate the occasion, spending an average of $199.38 per person, up from $189.81 in 2024.
Oofos Opens First U.S. Retail Stores
The recovery footwear brand, celebrating its 14th year, will open stores in Pentagon City, Arlington, VA; the Mall of Georgia, Buford, GA; and the Florida Mall, Orlando, FL.
VF Corp. Spin-Off Completes Acquisition of Helly Hansen
Kontoor Brands Inc. (KTB), the former denim unit of VF Corp, completed the acquisition of Helly Hansen from Canadian Tire Corp. for approximately $900 million. The acquisition is expected to be immediately accretive to KTB’s revenue, earnings and cash flow this year.
Topgolf Callaway Completes Sale of Jack Wolfskin to Anta Sports
Topgolf Callaway Brands Corp. completed the sale of Jack Wolfskin to Anta Sports, the largest shareholder of Arc’teryx, Wilson and Salomon parent Amer Sports, for $290 million. Callaway acquired Jack Wolfskin in 2019 for $476 million.
Yue Yuen Appoints Board Member
Yue Yuen appointed Chou Wei-Te, executive assistant vice president at its retail arm, Pou Chen, to its board as an executive director. He replaces Chan Lu Min, who is retiring.
VF Appoints New Chief Accounting Officer
Michael Phillips succeeds Bryan McNeill, who is retiring after 30 years with the company. Phillips has served as the VP Enterprise Financial Reporting controller of the company since September 2022.
SIA Partners with European Outdoor Group to Provide Enhanced Member Tools
United by a shared commitment to thriving and sustainable industries, SIA and EOG are embarking on a new era of collaboration that transcends borders and aims to elevate both industries.
Costco Wholesale Misses on Q3 Top-Line as Discretionary Spending Weakens
The miss on the comparable sales line was said to be due to consumers paring back on large purchases, especially of non-essential goods such as home furnishings, as discretionary spending continues to weaken.
Ski-Doo Parent BRP, Inc. Comes Up Short in Q1 Despite Late Season Snow
The company’s North American retail sales were flat year-over-year for the first quarter. Seasonal Products retail sales were up, reportedly driven by strong end-of-season retail in Snowmobile following late snowfall.
Arc’teryx Parent Amer Sports Prices Secondary Offering
Amer Sports, Inc. has priced a previously announced secondary offering of 35,000,000 ordinary shares by entities affiliated with FountainVest Partners at a price to the public of $37.20 per share.
U.S. Consumer Confidence Improves in May After Five Months of Decline
May’s rebound in confidence was broad-based across all age and income groups and shared across all political affiliations, with the strongest improvements among those identifying as Republicans.
Vail Resorts CEO Steps Down; Board Chair Rob Katz to Assume CEO Role
Company CEO Kirsten Lynch has stepped down from her leadership role and Board director. Current Executive Chair and former CEO Rob Katz is returning as company CEO. Katz will continue to serve as the chairperson of the Board.
Helly Hansen Opens First Denver Store at Market Station
As part of the brand’s strategy to grow its presence in key markets throughout North America, Helly Hansen also opened new stores in Newport, RI and Vancouver, BC for a total of 13 doors in North America.
RVIA: RV Shipments Growth Trends Higher in 2025 YTD Period
Towable RVs, led by conventional travel trailers, ended the month up 4.2 percent from last April with 31,982 shipments. The category jumped 14.2 percent in April 2024.
