SGB Update Outdoor
EXEC: Big 5 SG Suspends Dividend as Q2 Comps Fall 10 Percent and Losses Widen
Second quarter results were said to be consistent with the retailer’s guidance range, as “customers continue to feel the ongoing and cumulative impact of inflationary pressures on their discretionary spending.”
Rocky Brands Trims Q2 Loss as Sales Slip 1.6 Percent
Rocky Brands Inc. reduced its loss in the second quarter ended June 30 with the aid of higher gross margins and lower expenses. Sales in the period were down 1.6 percent, but grew 6.1 percent adjusted for the divestiture of the Servus brand.
Report: Wildfires Increasingly Disrupt Camping Plans
With over one hundred wildfires burning across Oregon alone and several air quality advisories issued, officials have closed almost 50 of the state’s most popular hiking and camping sites disrupting the camping and outdoor industries for the foreseeable future.
JD Sports Warehouse Workers in England Face Job Cuts
“Around 200 workers” are impacted, as one staff member said that the consultation period should be concluded by September 6. JD Sports’ nearby distribution center in Rochdale (Kingsway), England, is not affected.
Omega Capital Closes Investment in New Fund
The strategy for Fund II is expected to largely follow that of Fund I, investing $3 million to $10 million in growth equity or buyout transactions in Oklahoma and surrounding states in healthcare, outdoor products and aviation.
Rambo Bikes Taps Indie Sales Agency for Western U.S.
Leisure Sales will represent Rambo Bikes across key territories, including California, Oregon, Washington, Nevada, and Arizona.
L Catterton Appoints Global Head of Sustainability
Devon Leahy joins the company from Ralph Lauren, where she was the global head of sustainability for the past five years. Previously, she held senior strategy and sustainability-focused roles at Etsy and Walmart
Reebok Secures Outerwear Licensee for the UK and Europe
Authentic expanded its partnership with Focus Brands to include designing, manufacturing and distributing Reebok-branded outerwear across the UK and Europe for men, women and kids.
Outdoor Recreation Roundtable Appoints Three to Board of Directors
ORR appointed attorney and Native American advocate Charles W. Galbraith, HR and DEI specialist Chandria Harris and Renee Jones, vice president of marketing for Thor Industries, to its Board of Directors.
Alterra’s Schweitzer Operation Acquires Selkirk Powder Business
Selkirk Powder’s guided backcountry snowmobile and cat ski operation operates adjacent to Schweitzer with an additional 4,350 acres of skiable terrain from the backside of the resort.
Scott USA Appoints Chief Operating Officer
In his new role, Jake Dudek will oversee teams across finance, operations and e-commerce, driving commercial strategy and operations for Scott’s portfolio of sporting equipment brands in the USA.
Bass Pro Shops Plans to Open Fifth Minnesota Location
The 70,000-square-foot space, which will be on Haines Road in Hermantown, accessible via U.S. Highway 53, is due to open in the first half of 2025.
REI Opens Distribution Center in Tennessee
The 400,000-square-feet DC reportedly “complements REI’s three existing distribution centers in Bedford, PA; Goodyear, AZ; and Sumner, WA.”
Report: U.S. Consumer Sentiment Drops to 8-Month Low in July
The University of Michigan’s consumer sentiment index fell to 66.4 in July from June’s 68.2. Economists polled by FactSet had expected the reading to come in at 66.5.
Lâmo Sheepskin Rebrands to Reflect Category Expansion
The pivot to the new brand name Mykos reflects the company’s move to become a “more extensive footwear destination, with a collection of sandals, boots, slippers, moccasins, and sneakers that symbolize an active lifestyle.”
