Retail/rental revenue dipped 7% to $24,304,000 from $26,200,000 in MTN’s small fiscal fourth quarter ended Jul. 31, primarily attributed to the underperformance at its Australian resorts, which experienced a 28% decline in snowfall, resulting in 18% lower skier visitation in the quarter.

Liquidation sales at Salt Life stores are underway as winning bidder Iconix International, in partnership with Hilco Consumer-Retail Group, closed on its $38.7 million purchase of the lifestyle brand.

The Big Cat appointed Markus Neubrand as CFO and a member of the management board, effective Oct. 1, succeeding Hubert Hinterseher, who will step down by mutual agreement, and will depart the company at the end of the year to ensure a smooth transition.