Walmart appointed Charles Redfield as chief merchandising officer. He is replacing Scott McCall, who is retiring. Chief Customer Officer Janey Whiteside is leaving the company, according to an internal memo attained by the Wall Street Journal.
Category: Outdoor
Holiday Sales Grew 14.1 Percent
Retail sales during 2021’s November/December holiday season grew 14.1 percent over 2020 to $886.7 billion, beating the National Retail Federation’s forecast and setting a record despite challenges from inflation, supply chain disruptions and the pandemic, NRF said.
Midwest Water Sports Acquires BuyWake.com And RedshiftWaterSports.com
Midwest Water Sports, which operates WaterSkis.com and WakeBoards.com, announced the acquisition of BuyWake.com and RedshiftWaterSports.com.
Yamaha Announces Siren Marine Acquisition
Yamaha Motor Corporation, U.S.A. finalized the acquisition of Siren Marine, a manufacturer of marine-based IoT (Internet of Things) solutions, by its subsidiary Yamaha Marine Systems Company, Inc. (YMSC).
Vail Resorts Skier Visits Down Slightly Season-To-Date
Vail Resorts, Inc. reported season-to-date total skier visits were down 1.7 percent compared to the prior year season-to-date period and down 18.3 percent compared to the fiscal year 2020 season-to-date period.
Big 5 Sees Q4 EPS Well Above Guidance
Big 5 Sporting Goods Corporation pre-announced fourth-quarter results for the period ended January 2 that showed earnings came in above company guidance due to margins coming in significantly ahead of plan. Steven Miller, the company’s CEO, said in a statement, “While issues surrounding the pandemic are ongoing, we believe the business is in a great position heading into 2022.”
Arc’teryx Closes 2021 With 21 Global Retail Openings
Arc’teryx announced it opened 21 stores internationally in 2021. The company also celebrated its first ReBird Repair and Service Center in New York with plans to establish more centers as the brand expands its ReBird circularity initiatives in 2022.
Generation Growth Capital Acquires Killer Instinct
Generation Growth Capital Fund III, LP (GGC), a Milwaukee-based private equity firm, announced the acquisition of Killer Instinct Inc. Based in Frankenmuth, MI., Killer Instinct is a maker of archery and archery accessories.
Columbia Sportswear Appoints VP, U.S. Sales, Columbia Brand
Columbia Sportswear Company announced it has named Jim Beeman as vice president, U.S. sales for the Columbia brand. He was at Nike for 22 years.
Glade Optics Annouces Key Hires
Glade Optics announced it recently hired key personnel for continued growth.
Evo Acquires Rhythm Japan
Evo, the Seattle-based outdoor retailer, has acquired Rhythm Japan, a Hokkaido, Japan-based snow gear rental company, along with its winter apparel brand, Oyuki.
Tecovas Secures $56 Million In Series C Funding
Tecovas, an Austin, TX-based Western footwear, apparel and accessories brand, announced that it has secured $56 million in Series C funding, bringing the brand’s total lifetime equity funding to approximately $120 million.
REI To Open Distribution Center In Tennessee With Sustainability In Mind
REI announced that it is building a distribution center in Lebanon, TN to support its growth on the East Coast and in the Midwest and South.
Adobe: Holiday Online Sales Grew 9 Percent
Adobe released the Adobe Digital Economy Index, its final online shopping figures for the holiday season (November 1 to December 31). Consumers spent a total of $204.5 billion over the 2021 holiday season, up 8.6 percent year-over-year (YoY).
Tecnica Group Hires Social & Environmental Impact Guide
Tecnica Group North America hired Matthew Miller to the newly created position of social & environmental impact guide.
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