REI Co-op will open a new store in Santa Cruz, CA in fall 2021. With over 1.4 million lifetime REI members in Northern California, REI Santa Cruz will be the Co-op’s 15th location in the region.
Category: Outdoor
Moncler Sees Sales Recover In Back Half
Moncler reported sales were down 12 percent in 2020, but it saw a significant recovery in the second half of the year.
Adidas Bans Fur, Joins Fur Free Retailer Program
Adidas has banned the use of animal fur in its products and joined the Fur Free Retailer (FFR) program.
Major League Fishing Announces Champions Club Membership Program
As part of several new membership program offerings from Major League Fishing (MLF) in 2021, MLF recently announced its Champions Club, a fishing subscription service for anglers to take their skills to the next level with content and products from the sport’s top pros and brands.
Vista Outdoor’s Debt Ratings Upgraded
Moody’s Investors Service, upgraded Vista Outdoor Inc.’s new senior unsecured eight-year notes’ rating to B2 from B3.
Pelican Products Hires VP Of Worldwide Supply Chain
Pelican Products Inc. announced the addition of Jeffrey Goldberg to its global operations team as vice president of worldwide supply chain.
Rather Outdoors Acquires Zebco
Rather Outdoors announced that it has acquired Zebco Brands, the Tulsa, OK-based manufacturer of fishing rods, reels and accessories.
VF Corp. Appoints Global Brand President, Icebreaker
VF Corporation announced the appointment of Jan Van Mossevelde to the position of global brand president, Icebreaker.
Jack Wolfskin Appoints New Sales Representative
Jack Wolfskin announced a new addition to its North American sales team, Will Lachenauer. The founder of the LG3 sales agency, Lachenauer will be in charge of retail sales across Arizona, Nevada and California.
Emerald Holding Posts Q4 Loss
Emerald Holding Inc. recognized a net loss of $58.1 million for the fourth quarter of 2020 compared to a net loss of $68.2 million for the fourth quarter of 2019. Revenues were down 72.8 percent.
VF Corp Allocates Green Bond Net Proceeds
VF Corp announced it has fully allocated the net proceeds from its inaugural green bond issued last year, totaling approximately €493 million ($596 mm).
Camping World Holdings To Acquire Flagg RV In New England
Camping World Holdings Inc. announced that an agreement has been signed to acquire the two dealership locations of Flagg RV in Uxbridge, MA and West Boylston, MA, and additional land in Griswold, CT for a planned future location.
SportChek’s Q4 Comps Decline 3 Percent
Canadian Tire Corp. reported comparable sales growth in the SportChek segment declined 3 percent in the fourth quarter due to reduced promotional activity, temporary store closures and COVID-19 restrictions.
January Retail Sales Jump 7.4 Percent On Stimulus Benefit
Retail sales grew sharply in January as government stimulus checks provided a boost and momentum from 2020’s record holiday season carried over into the new year, the National Retail Federation said. Overall sales were up 7.4 percent seasonally adjusted year-over-year with sporting goods stores up 8 percent.
GOA Retailers See Second-Half Bounce Back In 2020
Grassroots Outdoor Alliance (GOA) reported that with double-digit growth across the group in December, GOA retailers finished the 2020 calendar year down 0.34 percent compared to 2019. From June 2020 through January 2021, GOA retailers nationwide were up 10.8 percent.
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