SGB Update Outdoor
Patagonia’s Next Chapter
Patagonia announced new ownership today, nearly 50 years since Yvon Chouinard founded the business. Effective immediately, the Chouinard family has transferred ownership to two new entities—Patagonia Purpose Trust and the Holdfast Collective, with every dollar that is “not reinvested back into Patagonia be distributed as dividends to protect the planet.”
Helinox Hires Senior Art Director And Senior Director of E-Commerce
Helinox has hired Nelson Garcia as senior art director and Ezra Shaffer as senior director of e-commerce.
Emerald Receives Final Proceeds From Insurance Litigation Settlement
Emerald Holding, Inc. announced that it had received $149.25 million from its insurance litigation settlement for canceled events under its 2020 and 2021 event cancellation insurance policies.
Deloitte: Holiday Retail Sales Expected To Increase 4 Percent To 6 Percent
Holiday retail sales are likely to increase between 4 percent and 6 percent in 2022, according to Deloitte’s annual holiday retail forecast. In 2021, holiday sales grew by 15.1 percent in the same period.
PeopleForBikes Hires General Counsel
PeopleForBikes announced that it hired Matt Moore as general counsel. He begins his role in early October.
Got Bag Appoints Head Of Sales & Growth For North America
Got Bag, known for its backpacks made of ocean plastic, appointed Jay Sheldon as head of sales & growth for its North America business.
Olympia Sports Files For Bankruptcy Protection To Liquidate Remaining Stores
Maine-based Olympia Sports Acquisitions, LLC filed for Chapter 11 protection with plans to liquidate its remaining 35 stores, citing poor sales, online competition and residual problems from the COVID-19 pandemic.
Federal Ammunition Breaks Ground On Raw Materials Warehouse Construction Project
Federal Ammunition, a Vista Outdoor, Inc. brand, broke ground on a 100,000-square-foot warehouse expansion located in the Eastern part of Federal’s property in the city limits of Coon Rapids, MN.
Thule Warns Of Bike Market Inventory Imbalance
Thule Group said excessive inventory levels in the cycling channel have worsened in recent months and would impact sales and profitability in the second half of the year.
Headrest Safe Company Hires CEO
The Headrest Safe Company, LLC has hired Irving Meisler as chief executive officer. He is the founder of the company.
MidwayUSA Appoints VP E-Commerce
MidwayUSA recently promoted Adam Augustine to vice president of e-commerce.
Newell Brands’s Debt Ratings Outlook Lowered
S&P Global Ratings revised its debt ratings outlook on Newell Brands Inc. to negative from stable. The revision follows Newell’s move to lower its earnings and cash flow guidance significantly for the remainder of the year because of weak macroeconomic conditions, volume declines due to orders pullback from key customers, and continued inflationary pressures.
Lands’ End’s Q2 Sales Decline 9 Percent
Lands’ End, Inc. reported a net loss in the second quarter ending July 29 as sales slid 8.6 percent. Results exceeded guidance but the outlook for the year was lowered.
USA Skateboarding Appoints CEO And President
USA Skateboarding appointed Johnny Schillereff as chief executive officer and president.
Newell Brands Launches Debt Offering
Newell Brands announced the public offering of $500 million aggregate principal amount of 6.375 percent notes due 2027 and $500 million aggregate principal amount of 6.625 percent notes due 2029.
