SGB Update Outdoor
Garmin Completes Acquisition of JL Audio
Garmin, Ltd. completed the acquisition of JL Audio, a privately-held U.S. company that designs and manufactures audio solutions for marine, aftermarket automotive, powersports, home, and RV customers.
Mastercard: U.S. Holiday Retail Sales Expected to Grow 3.7 Percent
Mastercard SpendingPulse said sales are expected to rise 6.7 percent online and 2.9 in-store for the period November 1 through December 24, with the biggest gain iexpected to come in electronics with a 6 percent increase.
Snow Peak USA Appoints GM for Long Beach Campfield
Josh Simpson is tasked with managing the Campfield during its first year of operation, introducing a new kind of campground centered on the communal and restorative Snow Peak style of camping.
Sportsman’s Warehouse Appoints New Board Member
Steven Sansom is a corporate executive with over 30 years of experience in high-growth businesses. He has served as founder and chairman of Steel Grove Capital Advisors and Steel Grove Family Office in Memphis, TN since September 2001.
RV Women’s Alliance Names New Managing Director
Patricia Carrera to serve as the organization’s new managing director and will transition fully into the position over the coming weeks with the assistance of the current managing director, Jessica Rider.
Academy Sports + Outdoors Opens First Store in Kyle, TX
The new location marks the fifth store Academy has opened in 2023 as Academy looks to achieve its goal of opening a total of 120 to 140 new stores by the end of 2027.
Arizona’s Lewis & Clark Outfitters Closes
Lewis & Clark Outfitters, a bike and outdoor store, closed in Springdale, AZ after 23 years in business
NRF to Present Dick’s SG Chairman Ed Stack with The Visionary Award
Presented annually to an outstanding retail leader, the 2023 NRF Visionary Award honors Stack for his leadership of the largest omnichannel sporting goods retailer in the U.S., guiding the company’s evolution from two stores in upstate New York to a Fortune 500 company.
CPSC Issues Warning to Stop Using Kopobob Kids’ Helmets
The U.S. Consumer Product Safety Commission (CPSC) is warning consumers to immediately stop using Kopobob kids’ multi-purpose helmets because they can fail to protect riders in the event of a crash, posing a risk of head injury.
Canada Goose’s Debt Ratings Earn an Upgrade
Moody’s Investors Service upgraded Canada Goose, Inc’s debt ratings due to the outerwear maker’s solid operating performance and potential to benefit from China’s recovery.
VF’s Outlook Changed to Negative by Moody’s
Moody’s Investors Service changed VF Corporation’s outlook to negative from stable, reflecting the effects of the unfavorable tax appeal ruling related to the company’s Timberland acquisition in 2011 and the continued risk associated with the turnaround of Vans.
Academy Sports Principal Accounting Officer to Depart
Academy Sports and Outdoors, Inc. said in a regulatory filing that Heather Davis, SVP, accounting, treasury and tax (principal accounting officer) is leaving the company to pursue a new opportunity, effective September 29.
Rossignol Continues To Grow Nordic Division
Rossignol Group promoted Jeff Courter, previous Nordic category manager for North America, to global technical product manager for the Nordic division as part of a number of promotions and additions to the division.
Macy’s, Inc. to Hire for More Than 38,000 Seasonal Positions
Macy’s, Inc. reported plans to hire more than 38,000 full- and part-time seasonal workers for the upcoming holiday season at its Macy’s, Bloomingdale’s and Bluemercury stores and distribution centers, consistent with open positions in 2022.
West Marine Inks Agreement with Lenders
The transaction will provide West Marine with liquidity and significantly reduce total debt to strengthen the company’s balance sheet and financial profile. The agreement was supported by 100 percent of the holders of the company’s funded debt obligations and West Marine’s current principal equity holder, L Catterton.
