SGB Update

Birkenstock’s Debt Ratings Upgraded

S&P Global Ratings raised its debt ratings on Birkenstock following debt repayments using proceeds from its recent initial public offering.

Camping World to Acquire Sixth Missouri RV Dealer

Camping World Holdings, Inc. announced that the company will acquire Youngblood RV in Springfield, MO. The deal is expected to close in the first quarter of 2024, increasing the Camping World’s Missouri locations to six.

Kohl’s Opens Store in Downtown Milwaukee

Kohl’s opened a storefront in downtown Milwaukee, WI, as part of the retailer’s plan to open five stores this fall. The store represents a rare urban location for a Kohl’s store, with most historically focused on supporting suburban communities.

Beyond Yoga Opens Store in Chicago

Beyond Yoga, acquired by Levi Strauss in 2021, opened a store in Chicago, representing its sixth location and first outside of California.

Michigan Consumer Sentiment Falls to Six-Month Low

Consumer sentiment fell for the fourth month, according to a preliminary report published for the Michigan Consumer Sentiment Index. The Index came in at 60.4, down 3.4 points, or 5.3 percent, from the October final.

Nike Hires Amazon Executive as Chief Technology Officer

Nike, Inc. recruited Muge Erdirik Dogan, a longtime fashion executive at Amazon, as chief technology officer. Jenny Freshwater, most recently Amazon’s vice president of traffic and marketing technology, will replace Dogan as VP of Amazon Fashion & Fitness.

Garmont Names New CEO

Italian outdoor footwear brand Garmont International hired Andrea Nalesso as CEO. Nalesso takes over from Pierangelo Bressan, who remains chairman of the board and a Garmont shareholder.

Foresight Sports Hires Digital Content Consultant

Revelyst, Vista Outdoor’s Products segment, reported entering a consulting agreement with Andrew Stalbow. Initially, he will lead digital content and gaming for its San Diego-based golf brand, Foresight Sports.

Traeger’s Q3 Sales Climb 26 Percent

Traeger, Inc. slightly raised its guidance for 2023 as sales grew 26 percent in the third quarter ended September 30, led by a 45 percent jump in grills. The company attributed the improvement to more normalized replenishment rates following its inventory destocking efforts.

Turtle Fur Hires VP of Sales

In June, outdoor headwear and accessories brand Turtle Fur hired Dan Miller as VP of sales, expanding its executive team.