The Organic Cotton Accelerator (OCA) announced that it has joined the Sustainable Apparel Coalition (SAC) to support its commitment to a collaborative sector approach and promote organic cotton’s potential for positive impact on people and the planet.
Category: Outdoor
NPD Report: Backcountry Equipment Sales Decline Against Tough Comparisons
Revenue from backcountry accessories, which includes skins, beacons, probes, and avalanche shovels, were down 14 percent during the season-to-date (August to December 2021) period after growing by 90 percent during the same period last year, according to The NPD Group.
Scheels Debuts Its First Super Bowl Commercial
During last night’s Superbowl, Scheels debuted its first television ad with a 30-second spot that aired in all Scheel’s markets, and a longer 90-second spot is now showing on its website.
Bikeco Opens New Headquarters And Larger Distribution Center
BikeCo LLC, distributor of Fuji, SE, Breezer, Kestrel and Tuesday, announced the opening of its new headquarters in Philadelphia and a new, larger distribution center in South Jersey.
Dorel Sports President Steps Down
Pon Holdings, which acquired Dorel Sports in January, said Peter Woods, president and CEO of the cycling business, its stepped down.
The North Face Leases Office, Showroom Space In Seattle
The North Face has signed a lease for 6,414 square feet of office and showroom space at the newly-constructed Fremont Crossing Building project in Seattle, WA according to Pastakia + Associates, a Seattle-based development firm.
Kohl’s Responds To Director Nominations From Macellum Advisors
Kohl’s Corp. responded to the nomination of ten directors for election to the retailers’ Board of Directors by Activist investor group Macellum Advisors by noting that its Board now includes three independent directors that joined as part of a settlement with Macellum and other shareholders in April 2021.
Activist Investors Nominates 10 Candidates For Kohl’s Board
Activist investor group Macellum Advisors GP LLC has named the slate of 10 board members that it will nominate at Kohl’s Corp.’s next investor day, scheduled for March 7.
Canada Goose Lowers Guidance On Q3 Miss
Canada Goose Holdings Inc. reported earnings rose 49.2 percent in the third quarter ended January 2 as sales grew 26.2 percent. However, results were slightly below Wall Street’s targets and guidance was lowered for the year due to lower than expected revenue and retail traffic in APAC and EMEA in the current quarter, alongside new variant outbreaks and restrictions.
Academy Sports’ Debt Ratings Upgraded
S&P Global Ratings upgraded its debt ratings on Academy Sports + Outdoors, Inc. as the sporting goods chain “continues to post strong gains in sales and EBITDA resulting in better leverage.”
Amer Sports’ Debt Upgraded On Faster-Than-Expected Deleveraging
S&P Global Ratings raised its debt ratings on Amer Sports on its expectations that the sporting goods giant would report a “resilient” operating performance in 2021 with estimated €2.5 billion revenue, up 7 percent to 8 percent above pre-pandemic levels.
Recall: Petzl Lanyards With Carabiners
About 230 Scorpio Eashook lanyards with carabiners from Petzl are being recalled.
Thule’s Q4 Profits Hit By Rising Material And Freight Costs
Thule Inc. reported sales in the fourth quarter rose 15.0 percent, but operating profits declined 21.2 percent due to rising raw material and supply chain costs. Earnings grew in the year as sales jumped 33 percent.
Congested U.S. Ports Should See Slight Reprieve In First Half Of 2022
Imports at the nation’s congested container ports are expected to grow modestly during the first half of 2022, but continued high volume will keep up the pressure that built as the economy bounced back from the pandemic last year, according to the monthly Global Port Tracker report released by the National Retail Federation.
Enviolo Acquired By PE Firm
London-based private equity group Inflexion has signed a definitive agreement to acquire Enviolo Inc., the maker of stepless gear drivetrain components used primarily on e-bikes.
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