Black Diamond’s Growth Slowed By NA Wholesale Inventory Overhang
May 2, 2023
Clarus Corp. reported modest growth in its Black Diamond segment as gains in its direct-to-consumer and international channels helped offset fewer shipments to its North American wholesale channel due to elevated inventory levels and reduced open-to-buy dollars. Clarus officials also indicated it BD’s inventories would not be rebalanced until the fall.
Sales in the Outdoor segment, which consists of Black Diamond, increased 2 percent to $52.8 million and expanded 5 percent on a currency-neutral basis. SGB Media