SGB Update Outdoor
Jack Wolfskin Appoints New CEO as Current CEO and GM Europe Plan to Leave
Richard Collier resigned as CEO of Jack Wolfskin and is leaving the company at the end of the year. Matthew Jung, GM of China, will take over as CEO globally in January 2024. Natascha el Mahmoud, GM Commercial Europe, is also leaving the company in early 2024.
Report: Adidas Appoints New Digital Chief
Scott Zalaznik, Adidas’ SVP of digital, is leaving the company, according to a report from Germany’s Manager Magazin. His successor is Tobias Seemann, who joins the company as SVP of global digital and e-commerce in October.
Outdoor Gear Exchange to Open Second Vermont Store
Outdoor Gear Exchange, which operates one store in Burlington, VT, plans to open a second in Essex Junction, VT.
Johnson Outdoors Increases Quarterly Dividend
Johnson Outdoors, Inc.’s Board of Directors approved an increased quarterly cash dividend of 33 cents per Class A share and 30 cents per Class B share.
Burley Names New National Sales Manager
Burley promoted Carson Kiesewetter to national sales manager, overseeing and coordinating sales strategies for the company’s U.S. retail partners.
Vail Resorts Has Strong FY Mountain Revenue Gain with Skier Visits Up 12 Percent
Vail Resorts, Inc. reported total net revenue increased 14.4 percent, to $2.89 billion for the year ended July 31. Total lift revenue increased 8.4 percent to $1.42 billion in fiscal 2023 due to increases in both pass product revenue and non-pass product revenue but all other Mountain revenue segments were up in double digits for the year.
Salomon Hires President of Salomon Americas
Salomon hired Steve Doolan as president of Salomon Americas, effective October 23, leading the business from its regional headquarters in Ogden, UT.
EXEC: ASOS plc Warns on Fiscal Year Cashflow Issue Due to Timing Effects
The retailer typically receives cash from their sales gross of returns and sales tax immediately. However, the cash outflow from sales tax, returns and variable costs associated with those sales predominantly impacts the following two months. The impact will reverse during September and October.
Enduro Bearings Expands Efforts in Australia, New Zealand
Enduro Bearings inked a multi-year distribution agreement with Lusty Industries in Australia and strengthened its relationship with Performance Recreation Velo in New Zealand.
Trek Bicycle Recalls Allant+ 7 E-Bikes Over Rear Brake Hose Issue
The company said the rear brake hose could kink and break when the handlebar is turned causing the rider to lose control of the bike, posing a crash hazard.
Leatt Makes Key Hires To Drive MTB Growth
Leatt Corp. hired two key industry professionals, Bastian Dietz and Dain Zaffke, to propel its mountain biking (MTB) market growth. Dietz was hired as international marketing manager, MTB, focused on growing the company’s international MTB presence, and Zaffke will focus on the U.S. MTB market as VP of sales and marketing.
RV Industry Association Elects Three to Board of Directors
Nine candidates were running to fill the three open Board seats in 2023. From that pool, the successful candidates for one RV Manufacturer seat, one Park Model RV Manufacturer seat, and one Supplier seat were elected.
Völkl Names Global Brand Business Director
Völkl promoted Markus Knipschild to global brand business director, a new position, responsible for the strategic direction of the brand.
Grundéns Appoints General Manager EMEA
Grundéns hired Janne Mahlamäki as general manager for the Europe, Middle East and Africa (EMEA) region. He was a former executive at Rapala and Jack Wolfskin.
Canada Goose Product Chief, APAC Head Depart as Company Adds to Board, Hires CTO
The company said Chief Product Officer Woody Blackford and APAC President Paul Cadman have both departed. Josh Bekenstein also made the decision to resign from the Board. Canada Goose hired a new CTO and added two new members to its Board, effective immediately.
