Outdoor Participation Grows To Record Levels
According to Outdoor Foundation’s 2022 Outdoor Participation Trends Report more than half (54 percent) of Americans ages six and over participated in at least one outdoor activity in 2021, and the outdoor recreation participant base grew 2.2 percent during 2021 to 164.2 million participants. However, this growing number of outdoor enthusiasts did not fundamentally alter long-term declines in high frequency or “core” outdoor participation.
KMD Brands Sees 6.2 Percent Growth In Fiscal Year
KMD Brands, Ltd. reported sales grew 6.2 percent in the year ended July 31. The gains were driven by continued growth in Rip Curl sales, Kathmandu’s highest sales in Q4 and record order demand for Oboz product.
REI To Open First Store In Nebraska
REI Co-op will open its first retail location in Gretna, NE, on September 23.
Gap To Undergo Layoffs
Gap, Inc. will eliminate about 500 corporate jobs, sources told the Wall Street Journal. The Gap has been looking to reduce costs during declining sales and profits.
The North Face Makes Executive Appointments
The North Face hired Sophie Bambuck as chief marketing officer and Jennifer Ingraffea as chief product and merchandising officer.
Winchester Parent Lowers Third-Quarter Guidance
Olin Corporation, Winchester’s parent company, said it now expects third-quarter 2022 adjusted EBITDA to be in the range of $530 million to $550 million, down from an estimated $620 million due to the weakening global economy.
Nordstrom Adopts ‘Poison Pill’ After Mexican Retailer Buys Stake
Nordstrom, Inc. adopted a shareholder rights plan, more commonly known as a “poison pill,” to prevent outsiders from boosting their stake in the business after a Mexican company acquired a 9.9 percent stake in the upscale U.S. retailer’s business.
Brunt Workwear Hires Industry Veterans
Brunt Workwear hired industry veterans from Patagonia, Harley Davidson, Mizzen+Main, Under Armour, and The RealReal to support its management team.
Fanatics Partners With International Cricket Council
Fanatics and the International Cricket Council entered into a partnership whereby Fanatics operates the official ICC Global online store for all events and becomes manager of event retail.
Oxford Industries Acquires Johnny Was
Oxford Industries, Inc. announced its acquisition of Johnny Was, a California-based lifestyle apparel brand, was finalized for the purchase price of $270 million.
Barnesmith Acquired By E-Commerce Aggregator
Society Brands, an e-commerce aggregator, has acquired Barnesmith, the collegiate apparel manufacturer for nearly 150 schools under licensed designs.
Headrest Safe Appoints Chief Operations And Financial Officer
The Headrest Safe Company, LLC, based in Homewood, AL, announced that Louis Tuck accepted the position as chief operations officer and chief financial officer.
Puma Extends Partnership With Gen.G
Puma and global esports organization Gen.G announced a multiyear extension to the brands’ existing partnership.
Public Lands To Open Four New Stores
Public Lands, the outdoor specialty retail concept from Dick’s Sporting Goods, plans to open four new stores this fall.
Namuk Appoints Vice President, North America
Namuk, the Swiss-based sustainable outdoor kid’s brand founded in 2016, hired Beth Steele as vice president of North America, responsible for driving its U.S. and Canadian business and building the organization in both DTC and B2B markets.
