Schoeller Textil AG announced a shift in leadership as Joachim Kath takes over as CEO. Following a 10-year career at the global textile solutions brand, CEO Siegfried Winkelbeiner will retire later this month.
Author: SGB Media
Ross Stores Opens 30 New Locations
Ross Stores recently opened 22 Ross Dress for Less and 8 dd’s Discounts stores across 11 states in June and July. These new locations are part of the company’s plans to add approximately 60 new stores (40 Ross and 20 dd’s Discounts) during fiscal 2021.
Franklin Sports Partners With Kerri Walsh Jennings On Volleyball Collection
Franklin Sports announced that it has partnered with beach volleyball star and three-time Olympic Gold Medalist Kerri Walsh Jennings to develop and launch a full line of volleyball apparel and equipment. The items will be available on franklinsports.com and at Dick’s Sporting Goods.
NRF Predicts Record Back-To-School Selling
Consumers plan to spend record amounts for both school and college supplies as families and students plan to return to in-person classrooms this fall, according to the annual survey released by the National Retail Federation.
Liberty Safe To Be Sold To PE Firm
Compass Diversified announced it has entered into a definitive agreement to sell its majority-owned subsidiary, Liberty Safe Holding Corporation, the parent company of Liberty Safe and Security Products, Inc., to an affiliate of Monomoy Capital Partners, a middle-market private investment firm. The sales price was $147.5 million.
Vista Outdoor’s Debt Ratings Upgraded
Moody’s Investors Service upgraded Vista Outdoor Inc.’s Corporate Family Rating (CFR). The rating agency said Vista’s operating performance has materially improved and it expects that the company’s credit metrics will remain robust over the next 12 to 18 months as strong demand for ammunition continues and the company works through its material backlog.
Sezzle Announces Climate Neutral Certification
Sezzle announced that through a combination of reduction efforts and carbon offsets, it is officially 100 percent carbon neutral. This announcement strengthens the buy now pay later provider’s positioning in North America, with a growing presence in Asia and Europe.
Klymit Acquired By MacNeill Pride Group
MacNeill Pride Group (MPG) has acquired Klymit. The terms of the transaction were not disclosed. The deal builds on MPG’s acquisition of GCI Outdoor and ORCA.
Electric Eyewear Forms Distribution Partnership With Liberated Brands Europe
Electric Eyewear has formed a distribution partnership with Liberated Brands Europe, Volcom EU’s new operating company. The partnership will see Liberated take over Electric’s e-commerce, marketing and wholesale in Europe.
Survey: Tokyo Olympics Draws Muted Interest
A new Ipsos Global Advisor survey, conducted in 28 countries, showed that Americans are split on whether the Summer Olympics in Tokyo should go ahead, with 52 percent agreeing that it should. Only half of Americans (48 percent) are interested in the Olympics this year. Despite the lukewarm in interest, Americans believe the Olympics have a positive impact on society.
True Velocity Appoints COO
True Velocity announced the appointment of manufacturing operations veteran Tom Weichel to COO.
Primary Arms Appoints VP/GM Of Optics
Primary Arms announced the addition of Donald Riley to its executive leadership team as Vice President and General Manager, Primary Arms Optics.
Outdoor Sportsman Group Appoints VP, Ad Sales
Outdoor Sportsman Group (OSG) announced the promotion of Mike Savino to vice president, Advertising Sales. Savino will oversee endemic multi-media sales for the company. Previously, he worked as director, Advertising Sales.
Jordan Brand Opens New Dubai Store
Jordan Brand has opened a concept store in the Dubai Mall, the world’s largest mall. Grounded in a sport-focused layout shared with Jordan doors like Jumpman LA, Jordan 1 Hongxing in Chengdu, and Jordan 9 Guanghua in Beijing, the Dubai store “creates a refined sensory space that connects fans of the brand to artistic traditions within the region,” said Nike.
KUIU Announces Kenai Series
KUIU announced the release of its updated Kenai Series of insulation layers. This line is the brand’s “most technically advanced synthetic insulation layer, designed for active use during strenuous mountain activities.” The updates provided by the brand include “DWR 3DeFX+ active insulation for increased warmth and water resistance and an updated face fabric that features […]
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