SGB Media wishes all the best to you and your family as we head into 2022. We look forward to working together throughout the upcoming New Year!
Author: SGB Media
Helen of Troy Completes Acquisition Of Osprey Packs
Helen of Troy Limited announced the successful completion of its previously announced acquisition of Osprey Packs, Inc, for $414.7 million in cash, which includes the impact of a $5.3 million favorable customary closing net working capital adjustment.
L.L. Bean To Close Tysons Corner Center Store
L.L. Bean is closing the Tysons Corner Center store in Tysons Corner, VA, according to the Tysons Reporter.
New Balance Sued For Exaggerating Claims On Its ‘Made In USA’ Sneakers
New Balance is being sued for falsely marketing its sneakers as being “Made In the USA,” according to The Fashion Law.
Sun Outdoors Acquires Jellystone Park Franchisor
Michigan-based Sun Outdoors, which owns more than a dozen Jellystone Park franchise locations, has acquired Jellystone Park’s franchisor, Leisure Systems Inc.
Amazon To Sponsor Thrive Outside Community Initiative
Outdoor Foundation, the philanthropic arm of the Outdoor Industry Association (OIA), announced a new sponsorship by Amazon to fund the expansion of its Thrive Outside Community Initiative. Amazon joins L.L. Bean, Patagonia, REI, Thule, VF Corporation, Winnebago Industries, Wolverine Worldwide, and Yeti as a partner in the initiative.
Lazydays Holdings Announces Leadership Transition
Lazydays Holdings Inc., which specializes in sales and service of recreational vehicles, RV rentals, parts and accessories, announced that William P. Murnane is stepping down as chairman and CEO.
GSM Outdoors Acquires SOG Specialty Knives
GSM Outdoors has acquired SOG Specialty Knives, the American knife and tool manufacturing company based in Lynnwood, WA.
Happy New Year!
SGB Media wishes all the best to you and your family for the New Year. We will resume posting the SGB Update and Executive newsletters on January 2, 2023. Cheers!
Dr. Martens Sees 24 Percent Currency-Neutral Growth In First Half
Dr. Martens PLC reported sales grew 16 percent in the first half through September 30 and gained 24 percent on a currency-neutral basis. By region, performances were as expected with continued strong Americas growth, up 57 percent currency-neutral, EMEA up 12 percent currency-neutral and APAC up 4 percent currency-neutral.
Canadian Pacific Announces Contract Extension With Canadian Tire Corporation
Canadian Pacific and Canadian Tire Corporation, Limited, the parent of SportChek, announced a multi-year agreement to continue moving the retailer’s goods in Canada.
Wearable Technology Named Top Fitness Trend For 2022
With more people turning to their smartwatch or fitness tracker to monitor exercise and sleep quality, it’s not surprising that 4,500 health and fitness pros surveyed by the American College of Sports Medicine (ACSM) identified wearable tech as the new top trend in fitness for 2022. Rounding out the top-five were home exercise gyms, outdoor activities, strength training with free weights and exercise for weight loss.
On Launches Kenya-Based Trail Running Team
Swiss running brand On has launched Milimani Runners, an elite trail running team based in Iten, Kenya.
Nike Unite To Open In Orlando
A Nike Unite store is set to open at Waterford Lakes Town Center in Orlando, FL according to the Orlando Sentinel.
REI Expands Technology Leadership Team
REI Co-op announced it has expanded its technology leadership team with two new vice presidents. Analyn Nouri was hired as vice president of platform engineering and the retailer promoted 15-year employee Todd Wilson to vice president of product engineering.
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