SGB Update Outdoor
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
Discover why sporting goods retailers all over the world use Lightspeed to run and grow their businesses.
1791 Outdoor Lifestyle Group Names VP, Sales & Marketing
Miami-based 791 Outdoor Lifestyle Group hired Evan McNamara as vice president of sales and marketing.
Herschel Supply Opens First Store In the U.S.
Herschel Supply opened its first retail store in the U.S. at 138 Fifth Avenue in New York City.
Recall: Future Motion Onewheel Electric Skateboards
Future Motion has recalled its Onewheel self-balancing electric skateboards, according to a statement from the U.S. Consumer Product Safety Commission (CPSC).
Scheels To Open Store In Tulsa
Scheels announced plans to open its first All Sports store to Oklahoma, scheduled to open Fall 2024 in Tulsa.
Canada Goose Launches Share Repurchase Program
Canada Goose Holdings, Inc. announced plans to purchase for cancellation up to 5.42 million subordinate voting shares over a twelve month period.
