NPD: U.S. Cycling Market Year-Over-Year Gains Moderate
In the 12 months ending October 2021, the U.S cycling market grew its revenue by only 3 percent compared to the prior year, to just over $8.4 billion, according to NPD Retail Tracking data. In the year-ago period, sales grew 45 percent.
Ports Keep ‘Container Dwell Fee’ On Hold Until December 13
The ports of Los Angeles and Long Beach, CA announced that consideration of the “Container Dwell Fee” would be held off another week until December 13.
SIMA Appoints Executive Director
The Board of Directors of the Surf Industry Manufacturers Association (SIMA) announced the appointment of industry marketing veteran Vipe Desai as executive director effective immediately.
CCM Hockey To Merge With Jackson Ultima And Atom
Sport Maska Inc., the Montreal-based owner of the CCM Hockey brand, announced the acquisition of Tournament Sports Marketing, Inc., the owner of the Jackson Ultima and Atom brands.
Camping World Proposes Add-On To Its Senior Secured Term Loan
Camping World Holdings Inc. announced plans to issue a $300 million add-on to its senior secured term loan to fund the acquisition and development of RV dealerships and service centers.
Arc’teryx Appoints VP Footwear
Arc’teryx Equipment has appointed Ovidio Garcia as VP, footwear, effective immediately. In his new role, Garcia is responsible for leading the brand’s footwear strategy reporting directly to Katie Becker, chief creative officer, Arc’teryx.
Puma Partners With Oklahoma’s FC Tulsa
Puma has formed a multi-year agreement to be the Official Soccer Apparel Partner of FC Tulsa, the American professional soccer team.
Nike Opens Nike Live In Las Vegas
Nike has opened a Nike Live at Downtown Summerlin in the Western outskirts of Las Vegas.
DSW’s Parent Sees Strong Sales Bounceback In Third Quarter
Designer Brands reported a profit against a loss in the third quarter ended October 31 as same-store sales improved 40.8 percent year-over-year. The company also said inventory for the retail segments significantly improved to end the third quarter flat to the same period in fiscal 2019.
Callaway Appoints Board Member
Callaway Golf Company announced Bavan M. Holloway has been appointed to its Board of Directors, bringing the number of members to 13.
Outdoor Retailer In-Person Snow Show Returns To Denver In 2022
Outdoor Retailer Snow Show returns to Denver, CO, January 26-28, 2022, with in-person education, a redesigned floor plan centered around the “Resource Center,” and includes an information hub to access industry insights from experts.
Acai Roots Appoints CEO
Acai Roots appointed Jeff Moore, former Reef global president & VF executive, as CEO.
Kohl’s Faces Activist Pressure To Spin Off Online Business
An activist group, a New York-based hedge fund, Engine Capital, is pressuring Kohl’s to consider either a sale or a separation of its online business. The request follows a similar move by Saks Fifth Avenue.
The Buckle Issues Special Dividend
Buckle Inc. announced that at its quarterly meeting of the Board of Directors, held on December 3, 2021, the Board authorized a $5.65 per share special cash dividend.
NRF Economist Predicts Holiday Shopping Could Beat Forecast
The 2021 holiday season appears to be on track to exceed the National Retail Federation’s (NRF) forecast for record spending despite supply chain disruptions, inflation and challenges like the new COVID-19 omicron variant, according to NRF Chief Economist Jack Kleinhenz.
