Grassroots Outdoor Alliance (GOA) reported robust year-to-year retail sales gains in its March membership update last week. The group is up 8 percent on a rolling 12-month basis, with Q1 2021 reported figures showing a 34 percent increase over Q1 2020, according to the group.
Category: Outdoor
L Catterton To Acquire West Marine
L Catterton, the private equity firm, announced that it has entered into a definitive agreement under which L Catterton will acquire a controlling interest in West Marine, the nation’s leading retailer in the marine aftermarket, from Monomoy Capital Partners.
REI’s Sales Slide 12 Percent In 2020
REI Co-op reported sales fell 11.9 percent in 2020 as the Co-Op managed through the challenges presented by the pandemic. REI also reported no profits in 2020 but ended the year in a strong cash position and debt-free, after investing millions in its impact work to combat climate change, address racial equity and support its network of nonprofit partners. REI also launched its Cooperative Action initiative.
Southeast Destination Lodging Running Well Above Pre-Pandemic Levels
After achieving record-setting seasonal rates and revenue for the winter season that ended in February, the most recent results released by DestiMetrics, a division of Inntopia in their monthly Market Briefing, revealed that those upward trends are continuing to surpass results from both last year and the previous year at participating resort properties in Florida, Georgia and South Carolina.
Academy Sports + Outdoors Acquires Redfield Brand From Leupold
Leupold & Stevens, Inc. announced the sale of the Redfield hunting scope brand to Academy Sports + Outdoors.
RECALL: PIEPS DSP Avalanche Transceivers
Black Diamond has recalled about 66,100 PIEPS DSP Avalanche Transceivers. The company has received 65 reports of the transceiver modes switching unexpectedly while in use. One death and one instance of a skier getting caught in an avalanche who suffered a broken arm and minor injuries were both reported in British Columbia.
Vail Resorts Announces Executive Leadership Changes
Vail Resorts, Inc. announced that Patricia Campbell, president of the company’s mountain division, has made the decision to step down from her position and assume a new role as senior advisor to the company’s mountain division.
Alterra Mountain Company Announces $207 Million In Improvements
Alterra Mountain Company announces its plans to invest $207 million in capital improvements for the upcoming year, including transformational base area and on-mountain developments at Steamboat, Deer Valley Resort, Squaw Valley Alpine Meadows and Mammoth Mountain.
EcoCart Raises $3M In Funding
EcoCart, a climate and sustainability-focused e-commerce enablement startup, announced that it had closed $3 million in seed funding led by Base10 Partners’ Chris Zeoli.
Patagonia Will No Longer Add Corporate/Brand Logos
Patagonia announced that it is “transitioning away” from adding corporate logos to its products due to environmental reasons.
Costco’s Same-Store Sales Climb 16 Percent In May
Costco Wholesale Corp. reported net sales of $18.21 billion for the retail month of March, the five weeks ended April 4, 2021, an increase of 17.6 percent from $15.49 billion last year.
Frasers Group Warns Of £200 Million Pandemic Charge
Frasers Group, the parent of Sports Direct in the U.K. as well as Bob’s Stores and EMS in the U.S., will book a non-cash charge that could exceed £200 million ($274 million) in its 2020-21 results to account for impairment of assets during the latest COVID-19 lockdown.
RV Retailer Partners With RV Technical Institute
RV Retailer LLC announced a partnership with the RV Technical Institute (RVTI) to provide all RVR techs with access to RVTI standardized training, curriculum and certification resources through RVTI’s Authorized Learning Program.
The U.S. Cotton Trust Protocol Joins Sustainable Apparel Coalition
The U.S. Cotton Trust Protocol announced its membership in the Sustainable Apparel Coalition (SAC), the alliance for sustainable production in the apparel, footwear and textile industries.
SITKA Opens Retail Store In Bozeman, MT
SITKA announced the opening of its first experience center, the SITKA Depot. The 3,000-square-foot retail store will offer a full brand experience.
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal