L.L.Bean Sees 14 Percent Revenue Gain In 2021
L.L.Bean announced the close to its 2021 fiscal year, with annual net revenue totaling $1.8 billion, with a 14 percent increase over 2020. The performance marked one of the most successful years in its history.
Orvis Hires Vice President, Conservation And Sustainability
Orvis announced it hired outdoor industry veteran Laura Schaffer to the newly created position as vice president, conservation and sustainability
Specialized Founder Steps Down From CEO Role
Scott Maguire has replaced Specialized founder Mike Sinyard as CEO. Sinyard, who founded Specialized 48 years ago, assumes the role of founder, chairman and chief rider advocate.
Canada Goose Appoints Board Member
Canada Goose Holdings, Inc. has appointed Belinda Wong, chairman of Starbucks China and executive vice president, Starbucks, to its Board of Directors, effective immediately.
RECALL: Specialized Sirrus Bicycles
Specialized has issued a voluntary recall of about 36,000 Sirrus, Sirrus X and Sirrus Sport Bikes with alloy cranks that were sold in the U.S.
February Retail Sales Rose Strongly Year-Over-Year
Retail sales showed a strong year-over-year gain in February, but the monthly pace slowed compared with January as inflation drove up prices and lingering effects of the COVID-19 omicron variant affected the supply chain, the National Retail Federation said.
Gregory Sales Climb 16 Percent In 2021
Samsonite International S.A. reported sales from its Gregory backpacks rose 15.9 percent to $59.4 million from $51.2 million a year ago. Sales on a currency-neutral basis grew 16.2 percent.
Icebreaker Appoints GM For North America
Icebreaker, owned by VF Corp., has hired Noah Bryan as general manager for North America. Most recently, he worked as the senior business development manager for sports and outdoors at Amazon.
Primary Arms Names Creative Manager
Primary Arms hired Grace Jin as its creative manager overseeing graphic and visual media for the company’s major business units.
Taurus Hires VP Of Sales
Taurus hired Justin Porlier as vice president of sales. Most recently, he was regional sales manager for Dunkin Lewis, Inc.
NRF Forecasts Annual Retail Sales To Increase In 2022
The National Retail Federation issued its annual forecast, anticipating that retail sales will grow between 6 percent and 8 percent to more than $4.86 trillion in 2022. The 2022 figure compares with 14 percent annual growth rate in 2021, the highest growth rate in more than 20 years. This year’s sales forecast is notably above the 10-year, pre-pandemic growth rate of 3.7 percent.
Camber Co-CEOs To Depart Organization
Camber Outdoors announced that co-CEOs, Emily Newman and Renita Smith will step down effective April 1, 2022.
GOA President Rich Hill To Depart Position in April
Grassroots Outdoor Alliance announced the departure of president Rich Hill, who gave the news to staff ahead of its annual board of directors retreat earlier this month stating he would leave his role in late April.
Carlyle Agrees To Acquire Dainese Group
Global Investment firm Carlyle announced that it has agreed to acquire Dainese Group, the maker of protective equipment for motorcycling and extreme sports, from Investcorp and Lino Dainese. Cristiano Silei will remain as CEO of the company.
Dick’s SG House Of Sport To Open In Minneapolis
Dick’s Sporting Goods announced plans to open its third Dick’s Sporting Goods House of Sport this coming May in Minnetonka, MN.
