Clarus Raises $11.5 Million From Existing Investors

Clarus Corporation announced that it has entered into an agreement with three of its top 10 investors for the sale of 900,000 registered shares of the company’s common stock at $12.75 for total proceeds of approximately $11.5 million.

Smith Integrates Customer-Service Team

Smith Optics incorporated its Consumer & Dealer Services division within its Portland-based headquarters. Joining the product, marketing and sales departments, the customer-facing support team integrates into the hub of the Smith brand.

Vail Resorts Q4 Results Negatively Impacted By COVID-19

Vail Resorts, Inc. reported results for the fourth quarter and fiscal year ended July 31, 2020, which were negatively impacted by COVID-19 and the resulting closure of the company’s North American destination mountain resorts and regional ski areas on March 15, 2020. Fourth quarter results included approximately one month of operations from its North American summer and Australian winter seasons

Gap Inc. Expands Loyalty Program Across Banners

Gap Inc. said it is launching unique loyalty programs across the U.S. and Puerto Rico across each of its core brands: Navyist Rewards, Gap Good Rewards, Banana Republic Rewards, and Athleta Rewards, replacing its previous loyalty program, BRIGHT Rewards. Customers can earn and redeem rewards across its family of brands. 

Bass Pro Extends Partnership With Toyota

Toyota and partner Bass Pro Shops and Cabela’s announce the renewal of a longstanding partnership for an additional five years, which will lead the brands into 20 years of collaboration together.

Canada Goose Earns B1 CFR Debt Rating From Moody’s

Moody’s Investors Service assigned first time ratings to Canada Goose Inc., consisting of a B1 corporate family rating (CFR), B1-PD probability of default rating, a B2 rating to its proposed $300 million senior secured first-lien term loan B due in 2027, and an SGL-1 speculative grade liquidity rating. The outlook is stable.

Patagonia Appoints New CEO

Patagonia appointed Ryan Gellert as CEO of Patagonia Works, the umbrella company for all its ventures. The announcement comes a little over three months after Rose Marcario stepped down from the top spot after 12 years at the company.