“With Felt we are able to expand our bicycle portfolio and also strongly enter the North American market with an established, high-performance brand,” said Stefan Pierer, CEO Pierer Mobility AG.
Category: Outdoor
Dick’s SG Q3 Profits Soar Past Wall Street Targets
Dick’s Sporting Goods again raised its outlook for the year after reporting third-quarter earnings that blew past Wall Street targets. Consolidated same-store sales for the third quarter increased 12.2 percent on top of a 23.2 percent increase in the third quarter of 2020 and a 6.0 percent increase in the third quarter of 2019.
Adventure Ready Brands Acquires LuminAID
Adventure Ready Brands announced the acquisition of LuminAID, maker of a variety of solar-powered lighting and charging solutions for the outdoors and emergency use. The transaction closed on November 19.
Unifi Reaches Key Sustainability Milestone Ahead Of Schedule
Unifi Inc. said it reached its goal of transforming more than 30 billion post-consumer plastic bottles into its Repreve recycled performance fibers.
Macy’s Announces Plans To Launch Curated Digital Marketplace
Macy’s Inc. announced plans to launch a curated digital marketplace. The new marketplace will significantly expand the company’s assortment in existing categories and brands and introduce a range of new categories, by enabling carefully selected third-party merchants to sell their products on macys.com and bloomingdales.com.
Sentinel Capital Partners Teams With RefrigiWear
Sentinel Capital Partners announced a new partnership with RefrigiWear, a provider of industrial workwear for subzero environments.
CVC, HPS To Buy Stake In Authentic Brands At $12.7BN Valuation
Authentic Brands Group (ABG) is shelving its planned initial public offering and instead plans to sell significant equity stakes in its business to private equity firm CVC Capital, hedge fund HPS Investment Partners and a pool of existing stakeholders. The transaction values the company at $12.7 billion in enterprise value.
72 Million Americans Plan To Go RVing In The Next Year
The popularity of RVing is showing no sign of slowing down with a new survey from RV Industry Association revealing that 72 million Americans plan on taking an RV trip in the next year in an RV they rent, own, or borrow.
Cotopaxi To Open Stores In Denver And San Francisco
Cotopaxi announced plans to open two new brick-and-mortar retail stores. The new locations in Denver and San Francisco will add to Cotopaxi’s current roster of five store locations.
Kitzuma Cycling Logistics Adds LeMond, Alchemy And Eminent
Kitzuma Cycling Logistics is adding three more bike manufacturers to the growing list of brands employing their bike-delivery service: LeMond Bicycles, Alchemy Bikes and Eminent Cycles.
La Sportiva Appoints Financial Director And National Sales Manager
La Sportiva announced the hiring of Nat Matthews as financial director and Darrin Young as national sales manager.
Stio Announces Key Hires
Stio, the mountain lifestyle brand headquartered in Jackson Hole, WY, announced several key new leadership positions for the brand.
Macy’s Q3 Same-Store Sales Jump 37 Percent
Macy’s Inc. significantly raised its earnings outlook for the year after reporting third-quarter results that exceeded expectations. Comparable sales jumped 35.6 percent versus 2020 and 8.7 percent versus 2019.
Kohl’s Lifts Full-Year Outlook As Q3 Earnings Eclipse Analyst Targets
Kohl’s Inc. raised its full-year 2021 financial outlook after reporting third-quarter net sales and earnings that easily exceeded Wall Street expectations. Third-quarter comparable sales jumped 14.7 percent against a year-ago decline of 13.3 percent.
Patagonia Closes Bowery Surf Shop
The Patagonia Surf store on the Bowery in New York City has closed.
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