Mountain Equipment Co-op (MEC), Canada’s largest outdoor chain with 22 stores, announced its board of directors has unanimously approved a deal in which a Los Angeles-based private investment firm will acquire MEC’s assets, including the majority of its retail stores. Vancouver-based MEC said the transition from a co-operative structure to a subsidiary of Kingswood Capital Management is needed to ensure a stable future for the business.
Author: SGB Media
Texworld USA And Apparel Sourcing USA Reformat Show
The largest sourcing event on the East Coast returns to the Javits Center in January 2021 with new dates, a new name and three ways to participate: Pop-up Sourcing Showcase, Traditional Exhibition and Virtual Platform.
Simon Will Not Open Properties On Thanksgiving Day
Simon Property Group, one of the largest mall operators in the country, announced it will not open properties on Thanksgiving Day.
Hilo Nutrition Acquired By PE Firm
Highlander Partners, L.P., a middle-market private equity firm based in Dallas, announced the acquisition of Hilo Nutrition Inc., known for its pre-workout and recovery gummies.
Industrial Revolution Appoints VP Of Sales
Industrial Revolution hired Chris Clark as vice president of sales. His previous experience includes Outdoor Research, Cascade Designs, and Brunton Outdoor.
Sportsman’s Warehouse To Open In Chambersburg, PA
Sportsman’s Warehouse Holdings, Inc. plans to open a new store in Chambersburg, PA this month with a grand opening celebration to be held September 24 to 26.
Camping World Announces Long-Term Goals, Initiatives And 2021 Outlook
Camping World Holdings released its long-term goals, initiatives and 2021 outlook highlights ahead of its annual Investor Day, including expectations for adjusted EBITDA to grow in the mid-single-digits over the next 5 years.
Amazon To Hire 100,000 To Keep Up With Online Shopping Surge
Amazon announced that it is hiring an additional 100,000 regular employees throughout the U.S. and Canada on top of the 33,000 Corporate and Technology jobs announced last week.
Short-Lead Bookings Dominate Lodging Patterns At Western Mountain Destinations
Lodging performance continued to improve during August at mountain western resorts in six states, but by many measures, the summer season is historically slow with two months of shoulder season still ahead. That assessment was delivered by DestiMetrics in their monthly Market Briefing by Inntopia.
Strong Rebound At Southeast Destinations To Close Summer
Southeast destinations in Florida, Georgia and South Carolina wrapped up their summer season with a resurgence in booking pace and steady growth in daily rates during the month of August, according to DestiMetrics, a division of Inntopia.
CODI Appoints Managing Director And Head Of Business Development
Compass Diversified Holdings (CODI), the parent of 5.11, Liberty Safe, Marucci Sports and Velocity Outdoor, appointed Katie Melzer as managing director and head of business development. She was at Robert W. Baird & Co.
REI Co-Op Sells Headquarters To Facebook
REI Co-op announced that it has completed the sale of its newly completed corporate campus in the Spring District neighborhood of Bellevue, WA, for a purchase price of $390 million. The 400,000-square-foot campus and approximately six acres of land were purchased by Facebook on September 14.
Alterra Mountain Company Sets Plan For 20/21 Winter Operations
Alterra Mountain Company plans to limit daily lift tickets, prioritize access for season pass holders, eliminate walk-up window sales and discontinue the sale of most undated lift ticket products due to COVID-19 as part of its strategy to prepare for its 20/21 Winter operations.
Town Sports International Files For Bankruptcy
Town Sports International, the parent of New York Sports Club and Boston Sports Club, on Monday filed for Chapter 11 bankruptcy protection. The company plans to keep its gyms open as it works to restructure its debt.
NSSF, OSG Announce SHOT Show Media Partnership
The National Shooting Sports Foundation (NSSF) and Outdoor Sportsman Group (OSG) announced a strategic partnership to drive media coverage and promotion for the 2021 SHOT Show and its exhibitors.
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