SGB Update Outdoor
On Adds Apparel To Resale Program
Swiss running brand On has added men’s and women’s apparel to its resale program. The move follows the September launch of Onward resale site and online trade-in program initially focused on footwear.
Jack Wolfskin Hires New Leadership For UK And Nordic Regions
Jack Wolfskin hired new leadership for the UK and Nordic regions to align with the company’s global growth strategy, firs reported in 2021.
Czechoslovak Group Acquires Majority Stake In Fiocchi Munizioni
Czechoslovak Group (CSG) has acquired a 70 percent stake in Fiocchi Munizioni, the manufacturer of small-caliber ammunition. CSG said it would partner with the current shareholders, the Fiocchi family and Charme Capital Partners, each retaining a minority stake for continued growth.
Camping World Further Expands In Southern California
Camping World Holdings, Inc. agreed to acquire RV Solutions, Inc., a family-owned RV dealership group in San Diego, CA. The transaction includes two RV dealership locations–RV Solutions and Airstream of San Diego—and one standalone parts and service center in El Cajon, CA.
Black Friday Online Sales Hit Record $9.12 Billion
U.S. shoppers spent a record $9.12 billion online this Black Friday, according to Adobe Analytics, which tracks sales on retailers’ websites. That’s a 2.3 percent increase compared to $8.92 billion in 2021 and also up from $9.03 billion the in 2020.
Patagonia Sues Gap For Copying Its Signature Snap-T Pullover
Patagonia, Inc. sued Gap, Inc. for allegedly copying its flap pocket and rectangular “P-6” logo, which it has used on its fleece outerwear for more than three decades.
Bankruptcy Court Approves PrairieFire’s Acquisition Of Front Sight
PrairieFire reported that the U.S. Bankruptcy Court for the District of Nevada confirmed its Chapter 11 plan of reorganization under which PrairieFire will acquire 100 percent of the equity of Front Sight Management, LLC, the firearms training institute.
Camping World’s COO To Retire
Camping World Holdings, Inc.’s Chief Operating Officer, Tamara Ward, will retire from her position effective December 31. Matthew Wagner, executive vice president, will be promoted into the role effective January 1, 2023, as part of a planned leadership succession.
Newell Brands’ Debt Ratings Revised To Stable
Moody’s Investors Service changed its debt ratings outlook on Newell Brands Inc. to stable from positive.
Caleres’ Q3 Tops Wall Street Targets
Caleres continued its strong performance in the third quarter, achieving record quarterly sales and delivering another period of solid earnings. Sales grew 1.8 percent as a 7.6 percent sales increase in the Brand Portfolio segment offset a slight decline at Famous Footwear.
Dick’s SG Raises Outlook As Third Quarter Beats Plan
Dick’s Sporting Goods reported third-quarter earnings were down year-over-year due to lower gross margins but easily topped Wall Street expectations as same-store sales grew 6.5 percent. The sporting goods retailer lifted its guidance for the year.
OrthoLite Cirql Names Sales Director, Ho Chi Minh City, Vietnam
OrthoLite hired Juan Cutina as sales director for OrthoLite Cirql, headquartered in Vietnam, where Cutina is based. He joins the company with more than a decade of experience in footwear manufacturing in Vietnam.
Rad Power Bikes CEO Steps Down
Rad Power Bikes CEO Mike Radenbaugh has stepped down, replaced by Phil Molyneux, who joined the Seattle-based e-bike company as president and COO earlier this year.
How To Win Over Customers On Black Friday And Cyber Monday
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1791 Outdoor Lifestyle Group Names VP, Sales & Marketing
Miami-based 791 Outdoor Lifestyle Group hired Evan McNamara as vice president of sales and marketing.
