SGB Update Outdoor
Escalade Completes Acquisition Of Brunswick Billiards
Escalade Inc. announced that it has completed its acquisition of the assets of the Brunswick Billiards business from Life Fitness.
NPD Sees Performance Footwear Climb Double-Digits In Fourth Quarter
The NPD Group reported performance footwear sales in the U.S. grew 12 percent in the fourth quarter against the pre-pandemic 2019 fourth quarter. Sales on the same basis of leisure footwear inched up 2 percent while fashion footwear declined 4 percent.
Kohl’s Receives Pressure From Two Possible Suitors
Kohl’s shares are set to surge Monday morning as the department store chain is reportedly fielding interest from two suitors at the same time that it’s grappling with multiple activist investors pressuring it to sell.
ICSC Survey: Holiday Sales Grew 17 Percent
As retail sales grew 17 percent year-over-year in November and December, ICSC’s (International Council of Shopping Centers) 2021 Post-Holiday Survey has found that consumers spent an average of $1,011 this holiday season, with 226 million consumers spending money on holiday gifts.
Walmart Appoints New U.S. E-Commerce Chief
Walmart has tapped Tom Ward to lead its e-commerce division after the departure of Casey Carl, according to a company memo as first reported by The Wall Street Journal.
Patagonia Sales Exec Joins Better Place Forests
Better Place Forests announced the appointment of John Collins as CEO. Collins began his retail career with Patagonia in 1996 and most recently served as Patagonia’s head of global revenue.
Peloton Considers Layoffs But Denies Reports It Will Suspend Bike Production
Peloton, in a note on its website, confirmed it is considering layoffs, but denied a report that the company would temporarily halt production of its bikes to realign supply with softer demand. In a separate press release, Peloton indicated its fiscal second-quarter revenue would be within its previously forecasted range.
WFSGI Appoints Head Of Cycling
World Federation of the Sporting Goods Industry (WFSGI) announced that Michelle Smyth is its new head of cycling.
Report: Peloton Suspends Bike And Treadmill Production Amid Slowdown
According to a confidential internal presentation dated January 10 attained by CNBC, Peloton has paused its Bike production for two months, from February to March, due to a “significant reduction” in demand attributed to heightened price sensitivity and competition.
Lolë Appoints Vice-President of Sales
Lolë announced it had appointed Nadine Garneau as vice president of sales.
Cardinal Cycling Group Acquires Detroit Bikes
Cardinal Cycling Group has acquired the assets of Detroit Bikes, including the brand, inventory and production facility. Zak Pashak, Detroit Bikes founder, will remain a partner in the new company and continue factory management and business development.
JD.com Partners With Shopify
Chinese online retailer JD.com announced it had formed a strategic partnership with Ottawa-based Shopify to help U.S. merchants sell their products in Mainland China. The partnership marks a step up in the China expansion for Shopify and is another in JDs internationalization trajectory.
Atomic Appoints Creative Director, Freeride And Freeski
Atomic has hired freeskier and artist, Chris Benchetler, as creative director, Freeride and Freeski. In this role, he is responsible for visuals, creative and design for the brand’s global freeride and freeski products.
Trango Climbing Hires Director Of Product
Trango announced Ty Foose as their new director of product. As one of the original founders of the climbing hold brand eGrips, acquired by Trango in 2002, Foose’s experience will be vital as the brand continues to expand innovation upon all product ranges from sport, trad, gym, bouldering, to alpine climbing.
GOA Report: 2021 Growth At Specialty Independent Outdoor Retail
GOA released sales data showing an uptick in holiday season sales and a record-setting two years of sales increases.
