Johnson Outdoors Profits Shrink on Mid-Teens Decline in Fiscal Q2 Sales
More than half of Camping’s decline was said to be due to the divestiture of the company’s Military and Commercial Tents (Eureka!) business last year and Diving sales were impacted by geopolitical issues affecting travel to certain regions of the world.
Clarus Sees Q1 U.S. Outdoor Wholesale Growth Offset by Weaker Europe and Distributors
The Black Diamond-dominated Outdoor segment sales were $47.0 million, compared to $52.8 million in the year-ago quarter, due primarily to weakness in European and independent global distributor markets, partially offset by growth in the North American wholesale channel.
Brooks Running Posts Record First Quarter as Global E-Comm Jumps 22 Percent
In Q1, the brand launched six new footwear styles contributing to 10 percent growth in footwear sales year-over-year in what the company said would be a record year for product introductions.
Fox Factory Posts Q1 Loss as Sales Fall in Mid-Teens, Bike Sales Post $65M Decline
Net loss in the first quarter of fiscal 2024 was $3.5 million, compared to net income and net income margin of $41.8 million and 10.4 percent, respectively, in the first quarter of the prior fiscal year.
ThredUp Appoints New GM for European Business
Former executive of Pigu Hobby Hall Group and eMag, Florin Filote, to lead European business as long-time GM of Europe Dan DeMeyere transitions back to ThredUps U.S. business as chief product and technology officer after running international business.
Vail Resorts Shifts Europe Leadership, Closes Crans-Montana Acquisition
Vail closed on the purchase of Crans-Montana Mountain Resort. The acquisition represents the company’s second strategic investment to own and operate ski resorts in Europe.
Columbia Sportswear Appoints VP Brand for Sorel
Michael Minter joined the company on April 29 with nearly 20 years of experience working in creative and marketing leadership roles for Sanuk, Billabong, Keen, DC, and Reef.
Life Time Group Sees Strong Q1 Results, Raises EBITDA Guidance
Revenue increased 16.8 percent to $596.7 million from continued strong membership dues and in-center revenue growth.
Peloton CEO Steps Down; Company Cutting About 400 Jobs
Barry McCarthy is stepping down as CEO, president and Board director. The company is also cutting about 400 jobs and reducing retail showrooms in a move to reduce annual run-rate expenses by over $200 million by the end of its 2025 fiscal year.
Banana Republic CEO Departs
Sandra Strangl mutally agreed to leave the company after four years at the helm as parent company, Gap, Inc., transitions to new leadership.
Outerknown, Firewire Surfboards and Slater Designs Merge
Kelly Slater, the eleven-time World Surf League champion, announces that the brands, including Slater Designs Fin Company, LLC, DBA Endorfins, merged under a new holding company effective immediately
Compass Diversified Sees All Q1 Upside Coming from Branded Consumer Group
CODI saw first quarter sales increase 11.0 percent to $375.4 million on a pro forma basis in its Consumer Brands segment, which includes the 5.11, Boa, Primaloft and Velocity Outdoor brands in the active lifestyle market, among other consumer brands.
OrthoLite Adds Two Key Hires to Global Foam Innovation Team
Leading the charge on the expansion of OrthoLite’s Global Foam Innovation team is Shaw Kiat Phua who was hired as global operations chemical director. Ha Pham, a seasoned polyurethane specialist also joins the Global Foam Innovation team.
Camping World Holdings Sees Q1 New Vehicle RV Sales Up in Double Digits
New unit sales outpaced broader RV industry trends, driving record new unit market share for January and February. Same-store new vehicle unit volume increased double-digits in the quarter, with momentum continuing through April.
REI Co-op to Open Store in College Station, TX
The new store will be the outdoor retailer’s 11th in the state of Texas.
