SGB Update Apparel
Camber Outdoors to Cease Operations in August
The Camber Board and Leadership reported it will cease operations in late August 2024 because of “continued industry headwinds combined with the fact that outdoor industry companies are moving beyond the focused workplace tools that Camber Outdoors traditionally has provided,”
Outdoor & Recreation Segment Falls 18.2 Percent for Newell Brands in Q2
The parent company of Marmot, Ex Officio, Stearns, Bubba, Coleman, and Contigo reported that its Outdoor & Recreation segment actually fell 22.5 percent due to the impact of currency adjustments.
Report: Decathlon in Talks to Acquire Stake in Spain’s Tradeinn
The e-tailer, based near Girona in Spain, sells sports equipment and clothing online via about 20 specialist sites, including Diveinn for diving, Goalinn for football, Trekkinn for outdoor equipment, and Smashinn for tennis and padel.
Columbia Sportswear Beats Q2 EPS Estimates but Misses on Sales
North America led the world lower as bot the U.S. and Canada both posted negative sales growth for the quarter. Mountain Hardwear was a winner for Q2, while Sorel and Prana posted DD declines. Columbia brand was down 4 percent year-over-year.
Asics To Raise $1.2 Billion In Secondary Stock Offering
The secondary offering will be divided into two parts—a Japanese secondary offering of 27.2 million shares and an International secondary offering of 46.8 million shares.
Tractor Supply’s Q2 Comps Slip as Strength in Seasonal Offset by Discretionary Weeakness
The comp store sales decline was driven by a comparable average transaction count decline of 0.6 percent, partially offset by a comparable average ticket increase of 0.1 percent. EPS rose 2.6 percent.
NFL Expands Partnership with New Era Cap to Include Outfitting Scouting Combine
The NFL’s expanded partnership with New Era Cap will provide all performance apparel and headwear used by NFL Combine participants and introduce a new apparel line.
Report: Over Half of U.S. Consumers Plan to Watch Olympics
Nike is the brand most associated with Team USA, with 64 percent of consumers associating Nike, an official outfitter of Team USA, with the Olympics, followed by Adidas at 39 percent, and Under Armour at 26 percent.
Nike to “Modernize” Tech Division; Hires Former Salesforce Exec as CIO
Cheryan Jacob, a former Salesforce, Inc. executive, was hired this month as CIO as part of an effort to “modernize” the active lifestyle company’s technology infrastructure.
Imperial Headwear Names VP, Peter Millar Licensing
Andrew Blatnik comes to Imperial from Oak Hill Country Club, where he served as the PGA director of retail operations. His previous experience also includes roles at Pinehurst Resort & Country Club and Wannamoisett Country Club.
Journeys Group Names EVP & Chief Marketing Officer
Stacey Doren will lead all marketing functions, building on Journeys’ foundation as a retailer that sells fashion footwear to teens, kids, and young adults in the U.S., Canada, and the U.K. She joins Journeys after a 24-year career at Levi’s
Perfect Moment Taps America Eagle Subsidiary as U.S. Distribution Partner
The fashion skiwear and active lifestyle brand has partnered with Quiet Platforms, a wholly-owned subsidiary of American Eagle Outfitters Inc., to establish distribution and order fulfillment centers in key markets across the U.S.
Ross Stores Opens 24 New Locations
Together, Ross Dress for Less and DD’s Discounts operate 2,148 locations in 43 states, the District of Columbia and Guam.
REI Co-op Names 2024 Vendor Partners of the Year
The outdoor specialty retailer is reporting the honorees of this year’s Vendor Partner of the Year Awards, which the retailer gives to brands that have significantly impacted various aspects of its business over the past year.
Beyond, Inc. Re-Launches Overstock.com with Expansion of Categories
The revived Overstock.com, another retail rehab project led by investor and business mentor Marcus Lemonis, now has an inventory lineup that includes closeouts, liquidation, factory direct, and reverse logistics merchandise.
