Camping World Holdings Inc. announced an agreement to acquire the Lloyd Bridges Traveland RV dealerships in Chelsea, MI.
Category: Apparel
USTA CEO To Step Down In March
USTA CEO and Executive Director Michael Dowse will step down from his position effective March 2022. Dowse was named USTA CEO and Executive Director in October 2019 after six years as president of Wilson Sporting Goods Co.
Kohl’s Debt Ratings Upgraded
Moody’s Investors Service changed Kohl’s Corporation’s outlook to stable from negative due to its improved credit metrics and improved profitability.
Sportsman’s Warehouse’s Third-Quarter Profits Slump 28 Percent
Sportsman’s Warehouse Holdings Inc., which recently ended its merger efforts with Bass Pro, reported profits, on an adjusted basis, declined 27.9 percent in the third quarter ended October 30 as same-store sales dipped 1.5 percent.
Vail Resorts To Acquire Seven Springs Mountain Resort
Vail Resorts, Inc. announced it had agreed to purchase Seven Springs Mountain Resort in Pennsylvania from Seven Springs Mountain Resort, Inc. As a part of the acquisition, Vail Resorts will also acquire Hidden Valley Resort and the operations of Laurel Mountain Ski Area.
NPD: U.S. Cycling Market Year-Over-Year Gains Moderate
In the 12 months ending October 2021, the U.S cycling market grew its revenue by only 3 percent compared to the prior year, to just over $8.4 billion, according to NPD Retail Tracking data. In the year-ago period, sales grew 45 percent.
NPD: Kids’ Activewear Sales Increased 34 percent In 2021
Overlapping with the return of in-person learning and sports activities this year, revenue from kids’ activewear increased by 34 percent in the U.S., from January through October versus last year, according to The NPD Group.
Ports Keep ‘Container Dwell Fee’ On Hold Until December 13
The ports of Los Angeles and Long Beach, CA announced that consideration of the “Container Dwell Fee” would be held off another week until December 13.
SIMA Appoints Executive Director
The Board of Directors of the Surf Industry Manufacturers Association (SIMA) announced the appointment of industry marketing veteran Vipe Desai as executive director effective immediately.
Cotopaxi Partners To Support Australia Distribution
Cotopaxi said Sport Factory Pacific Limited, based out of Auckland, New Zealand and Sydney, Australia, will be Cotopaxi’s appointed Australasian distributor.
Camping World Proposes Add-On To Its Senior Secured Term Loan
Camping World Holdings Inc. announced plans to issue a $300 million add-on to its senior secured term loan to fund the acquisition and development of RV dealerships and service centers.
Solo Brands Q3 Sales Surge 138 Percent
Solo Brands, the parent of Solo Stove and other outdoor brands, reported adjusted earnings climbed 39.7 percent in the third quarter ended September 30 on a 138.3 percent revenue gain.
PGA Tour Superstore Opens 50th Store
PGA Tour Superstore officially hit its 50th store milestone with the opening of its newest 34,000-square-foot location in San Antonio, TX.
Nike’s CFO Joins United Airlines Board
United Airlines Holdings Inc. announced that Matthew Friend, currently executive vice president and chief financial officer of Nike Inc., would join its Board of Directors.
Bedrock Manufacturing Company Appoints CEO
Bedrock Manufacturing Company (BMC) the parent of Shinola and Filson, has named Awenate Cobbina as CEO effective January 1, 2022. The appointment represents an expanded leadership role for Cobbina at BMC, where he currently serves as a member of its Board and runs investing and philanthropic activities for the company’s largest investor.
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