SGB Update Outdoor
Thor Industries Increases Quarterly Dividend
Thor Industries, Inc. reported that its Board of Directors approved an increase in the amount of its regular quarterly dividend to 48 cents per share from 45 cents, an increase of approximately 7 percent.
NRF: Import Volumes Slowing Heading Into Holiday Selling
Import cargo volume at the major container ports in the U.S. has hit its expected peak for the year and should gradually slow moving into the holiday season, according to the Global Port Tracker report released by the National Retail Federation(NRF) and Hackett Associates. Ports have not reported September numbers, but Global Port Tracker projected the month at 1.94 million TEU, down 4.3 percent year-over-year. October is also forecasted at 1.94 million TEU, down 3.1 percent year-over-year.
Birkenstock Holding Makes Debut on Wall Street Today
Birkenstock Holding is set to list its U.S. initial public offering at $46 a share, slightly below the midpoint of its projected range between $44 and $49. The stock is set to begin trading Wednesday morning at the open of the New York Stock Exchange under the symbol BIRK.
Denver’s Echo Mountain Acquired
Jogan Inc., a Denver-based holding company, acquired Echo Mountain, a ski area located near Evergreen and Idaho Springs, CO. Terms were not disclosed.
Gatorz Eyewear Hires New Head of Marketing
The performance eyewear manufacturer, appointed industry veteran Scott Sorensen as head of marketing, overseeing consumer and product marketing strategies, strengthening the brand’s positioning and executing growth initiatives.
REI Opens Distribution Center In Tennessee
REI Co-op started fulfillment from its new state-of-the-art distribution center in Lebanon, TN, supporting its steady growth in the Midwest and Southeast.
Oboz Footwear Adds Representation in South Central and Great Lakes
Oboz Footwear retained Powers Pedersen Sales Group and High Plains Outdoor Group for sales representation in the Great Lakes and South Central regions, respectively.
Clarus Acquires Tred Outdoors
Clarus Corporation reported acquiring Tred Outdoors Pty Ltd., the Australia-based outdoor and recovery gear manufacturer, from Venlo Holdings. Terms were not disclosed.
OIA Elects New Board Members
Outdoor Industry Association (OIA) members elected four new and three incumbent members to its Board. New members include Diana Seung, Troy Sicotte, Jahmicah Dawes, and Keith Carrato. Three returning members include Jennifer McLaren, Kevin Winkel and Alison Hill.
Hyosung Textiles Adds to Global Marketing Team
The company hired outdoor industry professional Laura Nilo as its U.S. marketing manager, West Coast, and marketing strategist Christiane Rauch as a senior consultant in Northern Europe for Hyosung Spandex.
NRI Opens New Distribution Center In Nevada
NRI, the third-party logistics provider supporting apparel, footwear and accessories sellers, opened a new distribution center in Henderson, NV.
Walmart Names VP, Walmart GoLocal
Walmart hired Rina Hurst as vice president of Walmart GoLocal, the retailer’s delivery service platform. Hurst joins Walmart from Shipt, where she was chief business officer.
Report: Birkenstock Looks to Price IPO at Top of Range
Birkenstock Holding gained enough investor demand to price its initial public offering at the high end of its indicated price range and reach a valuation of $10 billion.
Accell Group Appoints New CEO and New Chair of Supervisory Board
The company appointed Tjeerd Jegen as CEO and chair of the Management Board, effective November 1, and has also appointed former Adidas CEO Kasper Rørsted as chair of the Supervisory Board, effective October 1.
Blackcrows Opens New Storefront in Paris
French ski brand Blackcrows opened a new store and community gathering spot in Paris, France, on October 7, at 14 rue du Four.
