SGB Update Outdoor
Outdoor Research Moving Seattle Headquarters, Flagship Store
Outdoor Research is moving its headquarters to a smaller, collaborative space in West Seattle while also relocating its flagship to a more central location in the city center.
Solo Brands Narrows Q2 Net Loss on Build Toward More Disciplined Company
Company CEO John Larson said April and May started the quarter on a strong note, though direct-to-consumer demand softened in June as consumers remained selective in their discretionary spending.
Wolverine Hikes FY Guidance on Merrell and Saucony Momentum in Q2
Wolverine World Wide, Inc. raised its earnings and sales guidance for the year after reporting second-quarter results exceeded expectations due to continued robust gains at Merrell and Saucony. Adjusted EPS in the second quarter grew 14.3 percent on a 6.8 percent revenue gain, with sales expanding 11 percent at Merrill and 9.9 percent at Saucony.
Yeti Boosts FY EPS Outlook After Q2 Earnings Beat, Sales Climb 9 Percent
Yeti Holdings, Inc. raised its earnings guidance for the year after seeing second-quarter earnings arrive comfortably above analyst targets. Sales climbed 9 percent, led by a 16 percent hike in Coolers & Equipment sales and 19 percent international growth. Drinkware sales increased 2 percent.
Yeti Holdings Board of Directors Bumps CEO Matt Reintjes to Chair
Robert K. Shearer, who was serving as independent chair of the Board, has transitioned to serve as lead independent director of the Board of Directors.
Kokatat Appoints Head of Sales and Marketing; Expands Canadian Sales Alignment
Kokatat today announced the appointment of Ted Keyes as head of Sales and Marketing alongside a new sales structure for the brand in Canada.
South Florida’s FB Marine Group Files for Bankruptcy
Fort Lauderdale-based Fastboats.com Sales Company, which does business as FB Marine Group, filed for Chapter 11 bankruptcy protection amid declining revenue and disputed lawsuit claims.
Active Brands Names Canadian Sales Manager
Active Brands has appointed Amber Nero as Canadian sales manager for Kari Traa and Dæhlie brands.
Kontoor Brands Promotes HH Global Chief Joe Alkire to President and CFO
Alkire has served as a key member of Kontoor’s executive leadership team since joining the company in 2023 as EVP and CFO, playing an instrumental role in shaping its strategic and financial direction.
Michigan Ski Community Lost an Iconic Figure with Norm Brown’s Passing
The Grand Rapids area of Michigan lost a ski retail icon this summer with the passing of Norm Brown, the founder of Norm’s Ski Shop in Greenville, Michigan.
Kontoor Brands Raises EPS Outlook on Solid Q2 from Helly Hansen and Wrangler
Helly Hansen global revenue was $114 million in the second quarter. Sport revenue was $70 million and Workwear revenue amounted to $37 million in the quarter. Musto brand revenue was $7 million.
Redarc Electronics Hires NA OEM and Commercial Sales Leader
REDARC Electronics, which makes batteries for RVs and motorhomes, appointed Hilton Riggins as its new OEM and commercial sales leader for North America. His past experience include general manager at Redwood RV and regional sales manager with Tiffin Motorhomes and Heartland RV.
Mountain Equipment Appoints Rocky Mountain Rep
Mountain Equipment named Elliott Nolan and his High Route Ventures agency as its new sales rep for the Rocky Mountain region, covering Colorado, New Mexico, Utah, and Wyoming.
Strider Bikes Appoints CEO
The maker of kids bikes, based in Rapid City, SD, promoted Dona Nesselhuf, its chief operating officer, to chief executive officer. As part of the announcement, Strider Founder Ryan McFarland remains as president.
MarineMax to be Acquired by Blackstone-Backed Safe Harbor in $1.5B Deal
MarineMax entered into a definitive agreement to be acquired by Safe Harbor, a marina and superyacht service business owned by private-equity giant Blackstone. Safe Harbor will acquire all issued and outstanding shares of common stock of MarineMax for $53.00 per share in cash, representing an enterprise value of approximately $1.5 billion.
