Hanesbrands Faces Activist Investor Calling for Leadership Changes
Barington Capital, an activist shareholder group, issued a letter calling for changes in the Board of Directors of Hanesbrands, possibly the CEO and other operational changes to reduce debt. In response, Hanesbrands highlighted progress under its Full Potential strategy and said it remains committed to driving shareholder value.
Report: Younger Pandemic Boat Buyers Upgrading Vessels
The demand for boats reportedly remained strong during the first half of 2023 as inventory levels continued to recover from the buying surge during the pandemic, according to the latest market report from Boats Group.
Liberty Ammunition Taps Distributor for Several NATO Countries
Dillon Europe is said to be one of the top defense companies with close ties to European law enforcement and military units.
Christensen Arms Makes Three Key Leadership Hires
The company’s latest move involves the hiring of a general manager, an executive vice president of sales and an executive vice president of marketing.
Under Armour Limits Fiscal Q1 Downside with Strong International Growth
Total net revenue was down 2.4 percent (-1.3 percent currency-neutral) year-over-year to $1.32 billion in the fiscal first quarter ended June 30. Wholesale revenues declined 6.3 percent while DTC increased 4.5 percent.
Lazydays RV Completes Acquisition of Century RV
The location was renamed “Lazydays RV of Denver at Longmont.” The company forecasted that it would generate approximately $50 million in annualized revenue.
NRF Sees Cargo Volume Hitting Yearly Peak in August
Import cargo volume at the nation’s major container ports is forecasted to hit its highest level in nearly a year in August as retailers stock up for the winter holidays, according to Global Port Tracker’s report released by the National Retail Federation.
KOA Reports Small Revenue Gain in First Half
Kampgrounds of America, Inc. reported continued growth, sharing that revenue had improved by 2 percent year-over-year. Following years of record-breaking same-store revenue, KOA forecasted more positive change, with advanced deposits up 9.5 percent over 2022.
Garmin to Acquire JL Audio
Garmin, Ltd. reported it has entered into a definitive agreement to acquire JL Audio, a privately-held U.S. company that designs and manufactures audio solutions for marine, aftermarket automotive, powersports, home, and RV customers.
Clarus Lowers Outlook as Q2 Sales Decline 27 Percent
Clarus Corp. trimmed its outlook for the year after reporting second-quarter results fell below analyst expectations due to promotional pressure and prolonged inventory de-stocking. Sales were down 27 percent, sliding 24 percent at Black Diamond, 27 percent at the Sierra/Barnes ammunition segment and 34 percent at its Adventure segment (Rhino-Rack, Maxtrax).
Equip Names New Sales VP for Rab and Lowe Alpine
Rab and Lowe Alpine has named Ross Herr to the company’s new position of VP of U.S. Sales, putting a proven industry veteran in charge of the sales direction for both brands in the United States.
Quicksilver’s Global General Manager Resigns at Boardriders
Brad Blankinship, Quiksilver’s general manager since November 2021, confirmed on LinkedIn reports that he had resigned from the company.
Topo Designs Names New CEO
Topo Designs, the Colorado-based outdoor brand, promoted Matt Williams, effective immediately, to CEO. Previously Williams was the company’s chief operating officer. He succeeds Co-Founder Mark Hansen, who is retaining his seat on Topo Designs’ Board of Directors.
Havaianas Parent Sees 13 Percent Revenue Drop in Q2
Brazil’s Alpargatas reported a loss against a profit in the second quarter ended June 30 as sales fell 13 percent to R$(Brazil Real)926.4 million ($189mm). In the U.S., sales of Havaianas were down 13.9 percent while Rothys’ revenues slid 8.6 percent.
Nordstrom Rack to Open Store in Queen Creek, AZ
Nordstrom, Inc. plans to open a new Nordstrom Rack in spring 2024 in Queen Creek, AZ. Nordstrom Rack is the off-price retail division of Nordstrom, Inc.
