Perfect Moment Closes Its Initial Public Offering
Perfect Moment, Ltd. closed its initial public offering of 1,334,000 shares of its common stock at a public offering price of $6.00 per share, for gross proceeds of approximately $8 million.
Columbia’s Omni-Heat Infinity To Support U.S. Return to the Moon
“Our ongoing partnership with Intuitive Machines has the potential to drive even more innovation for our brand.”—Joe Boyle, Brand President, Columbia Sportswear
Wiley X to Assemble New Products in Frisco, TX Headquarters
“By bringing assembly of new products under our own roof we’re taking even greater control of the manufacturing process.”—Myles Freeman, President and Co-Owner, Wiley X
Report: January Year-Over-Year Retail Sales Trend Accelerates from December Trend
January sales were up in six out of nine retail categories on a yearly basis, led by online sales, health and personal care stores and clothing and accessory stores, and up in five categories on a monthly basis.
Fly Fishing Community Mourns the Loss of Legendary Angler Cathy Beck
Beck was a master angler and considered a pioneer in fly fishing instruction. She leaves an “indelible mark on enthusiasts worldwide” for her unwavering dedication to the sport and anglers worldwide.
Eoin Comerford Departs Moosejaw CEO Post with Integration into Public Lands
Comerford made the announcement on LinkedIn last week which aligns with the previously announced timeline for consolidating the Moosejaw business into Dick’s SG’s Public Lands retail business based in Pittsburgh, PA.
Amer Sports Prices and Increases New Private Notes Offering
The new size of the offering reflects an increase of $200 million in aggregate principal amount of the Notes from the previously announced offering size of $600 million.
NRF: Import Cargo Continues to Rise Despite Red Sea Disruptions
U.S. ports covered by Global Port Tracker handled 1.87 million Twenty-Foot Equivalent Units, one 20-foot container or its equivalent, in December, the latest month final numbers are available, down 1 percent from November but up 8.3 percent year-over-year, the report indicated.
Newell Brands Sees Q4 Active Outdoor Lifestyle Sales Fall 22 Percent
The parent company of Marmot, Ex Officio, Stearns, Bubba, Coleman, and Contigo, among others, reported fourth quarter net sales of $2.1 billion, a 9.1 percent decline compared to the prior-year Q4 period, reflecting in part, the impact of category exits and favorable foreign exchange.
EXEC: Thule Group Swings to Fourth Quarter Profit Despite Sales Decline
Net sales for the fourth quarter were down 5.6 percent in currency-neutral terms. The company said the expected sales decrease in RV Products, driven by a slower period for the RV industry, had a significant negative impact on the quarter.
Huk Performance Fishing Apparel Introduces Mossy Oak Stormwater Pattern
The Mossy Oak Stormwater pattern represents what every fisherman respects—stormy waters, choppy seas, swirling gray skies, and charging swells.
Shein to Expand U.S. Presence with Seattle-Area Office
The company anticipates hiring over 50 employees in logistics and distribution to work from the new space by the end of 2024.
EXEC: Fledgling Activewear Brand Has a Less Than Perfect Moment in IPO Effort
Perfect Moment, whose PMNT ticker symbol would be better for a Buy Now, Pay Later company than an active apparel company, fell throughout the day after Thursday’s debut, close down 13.3 percent to $5.20 at the close.
MasterCraft Narrows Full-Year Guidance as Boat Market Outlook Weakens
The decrease in net sales was reportedly due to lower unit volume and an increase in dealer incentives, partially offset by higher prices and favorable mix and options.
EXEC: Mips Sees Bike Helmet Market Starting to Recover
The Swedish helmet technology provider saw sales declines moderate quite a bit in the fourth quarter as the company sees the bicycle helmet category was posting growth again but upside there could not overcome the sharp decline in the motorcycle business.
