SGB Update Outdoor

Scheels Debuts Its First Super Bowl Commercial

During last night’s Superbowl, Scheels debuted its first television ad with a 30-second spot that aired in all Scheel’s markets, and a longer 90-second spot is now showing on its website.

Dorel Sports President Steps Down

Pon Holdings, which acquired Dorel Sports in January, said Peter Woods, president and CEO of the cycling business, its stepped down.

The North Face Leases Office, Showroom Space In Seattle

The North Face has signed a lease for 6,414 square feet of office and showroom space at the newly-constructed Fremont Crossing Building project in Seattle, WA according to Pastakia + Associates, a Seattle-based development firm.

Kohl’s Responds To Director Nominations From Macellum Advisors

Kohl’s Corp. responded to the nomination of ten directors for election to the retailers’ Board of Directors by Activist investor group Macellum Advisors by noting that its Board now includes three independent directors that joined as part of a settlement with Macellum and other shareholders in April 2021.

Canada Goose Lowers Guidance On Q3 Miss

Canada Goose Holdings Inc. reported earnings rose 49.2 percent in the third quarter ended January 2 as sales grew 26.2 percent. However, results were slightly below Wall Street’s targets and guidance was lowered for the year due to lower than expected revenue and retail traffic in APAC and EMEA in the current quarter, alongside new variant outbreaks and restrictions.

Academy Sports’ Debt Ratings Upgraded

S&P Global Ratings upgraded its debt ratings on Academy Sports + Outdoors, Inc. as the sporting goods chain “continues to post strong gains in sales and EBITDA resulting in better leverage.”

Amer Sports’ Debt Upgraded On Faster-Than-Expected Deleveraging

S&P Global Ratings raised its debt ratings on Amer Sports on its expectations that the sporting goods giant would report a “resilient” operating performance in 2021 with estimated €2.5 billion revenue, up 7 percent to 8 percent above pre-pandemic levels.

Congested U.S. Ports Should See Slight Reprieve In First Half Of 2022

Imports at the nation’s congested container ports are expected to grow modestly during the first half of 2022, but continued high volume will keep up the pressure that built as the economy bounced back from the pandemic last year, according to the monthly Global Port Tracker report released by the National Retail Federation.

Enviolo Acquired By PE Firm

London-based private equity group Inflexion has signed a definitive agreement to acquire Enviolo Inc., the maker of stepless gear drivetrain components used primarily on e-bikes.

Kinsey’s Appoints Director Of Dealer Sales

Kinsey’s recently hired Phillip Dixon as its new director of dealer sales. With the current growth in archery and recent expansion into Federal Firearms License (FFL) distribution, the appointment will help support Kinsey’s growing customer base.