SGB Update Outdoor
Johnson Outdoors Posts Fiscal Q1 Sales Decreases Across the Board
Camping revenue declined 49 percent, with approximately half due to the sale of its Military and Commercial tents business in 2023 and Watercraft Recreation revenue declined 50 percent, reflecting continued significant reductions in overall market demand.
NRF Economist: Labor Market and Interest Rates Will Play Major Roles in 2024
After a better-than-expected performance in 2023, what happens with the economy in 2024 could depend on the labor market and what the Federal Reserve does with interest rates, according to NRF Chief Economist Jack Kleinhenz.
Tony Spring Taking Helm as CEO and Chair-Elect of Macy’s, Inc.
Jeff Gennette will continue as chair of the Macy’s Board of Directors until its 2024 Annual Meeting when Spring will take the helm as chair during the meeting.
Vista Outdoor Cutting Roles, Closing Offices in Revelyst Transformation Process
The company will close offices in Petaluma, CA; Overland Park, KS; Eagle, CO; and Madison, MS. Revelyst is consolidating teams across core locations. The staff cuts and office closures will have an estimated $100 million of realized annual cost savings by fiscal year 2027.
Stromer Grows Leadership Team
Welcomes Christoph Lindlein as CMO, Franz Reindl as CTO, and Lennart Wolff as a regional account manager.
Deckers Brands Again Firing on All Cylinders; Ugg Posts Billion Dollar Q3
Net sales increased 16.0 percent to $1.56 billion compared to $1.35 billion in the prior-year period. On a constant-currency basis, net sales increased 15.1 percent. Net sales are expected to be approximately $4.15 billion for 2024.
Columbia Sportswear Q4 Profit Falls 26 Percent; Guides Lower for 2024
Chairman and CEO Tim Boyle expects 2024 to be a challenging year as retailers place orders cautiously, and economic and geopolitical uncertainty remains high.
Decker Brands Names New CEO Designate as Powers Plans Retirement
Dave Powers has decided to retire as president and CEO, effective August 1, 2024. Stefano Caroti, the company’s chief commercial officer, will be appointed president and CEO, effective upon Powers’ retirement.
Unifi, Inc. Sees Flattish Fiscal Q2 Sales Muted by Lower Prices
The makers of Repreve and an innovator in recycled and synthetic yarns, reported that net sales were $136.9 million in the fiscal second quarter ended December 31, driven by sales growth that was muted by lower pricing in response to lower raw material costs.
Circana Creates Global Commercial Group as Tim Bush Plans Exit
The creation of a Global Commercial organization, which will encompass Circana’s global client verticals and solution groups, will be led by Jeremy Allen in the newly created role of chief commercial officer.
Crocs Brand Gets New President as Michelle Poole Sets Retirement Plan
EVP & CFO Anne Mehlman will be promoted to EVP and president of the Crocs Brand. Until her replacement is named, Mehlman will continue as CFO of the company.
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.
