SGB Update Outdoor
Kohl’s Urged By Activist Investor To Make Changes Or Explore Sale
Activist hedge fund Macellum Advisors said on Tuesday Kohl’s should explore strategic options, including a sale, if the retailer does not improve business to boost its stock price.
SHOT Show Holding Its Largest Show
The 44th Annual SHOT Show, being held at The Venetian Expo and Caesars Forum from January 18-21 underwent an expansion that makes this year’s show its largest venue. Show organizers said more than 2,400 companies will exhibit in the 800,000-square-foot exhibit space.
Amer Sports’ Debt Ratings Upgraded To Positive On Strong Earnings
Moody’s Investors Service changed to positive from stable the outlook on the ratings of Amer Sports as the company saw revenue growth of 29 percent in the year-to-date period ended September 30. Moody’s said, “Consumer demand for sports apparel, footwear and individual ball sports equipment has proven to be stronger than expected across all segments.”
Mountain Hardwear Appoints Director Of Sales
Mountain Hardwear announced Sablle Scheppmann was appointed as the brand’s director of sales. Scheppman has held the role of the company’s national sales manager for the past three and half years.
MycoWorks Raises $125M To Scale Mushroom Leather Material
MycoWorks, a company developing a fungal-based biomaterial that it said could replace leather, has secured $125 million in Series C financing.
Cotopaxi Partners With Sezzle To Offer Flexible Payment Options
Cotopaxi announced it has partnered with Sezzle to offer a Buy Now, Pay Later (BNPL) option for its consumers.
Western Resorts See Strong Occupancy Rates Holiday 2021
Ample snowfall beginning in mid-December across the western U.S. led to a winning holiday season, whether compared to the pandemic-addled season last year or to pre-pandemic, record-breaking holiday seasons, according to DestiMetrics.
Salesforce Data Reveals Global Digital Sales Surpassed $1 Trillion During 2021 Holiday Season
Consumers spent $1.14 trillion online globally and $257 billion in the U.S., compared to $1.1 trillion and $236 billion in 2020, according to Salesforce’s 2021 Holiday Shopping Report.
Walmart Names New Chief Merchant In Exec Shuffle
Walmart appointed Charles Redfield as chief merchandising officer. He is replacing Scott McCall, who is retiring. Chief Customer Officer Janey Whiteside is leaving the company, according to an internal memo attained by the Wall Street Journal.
Holiday Sales Grew 14.1 Percent
Retail sales during 2021’s November/December holiday season grew 14.1 percent over 2020 to $886.7 billion, beating the National Retail Federation’s forecast and setting a record despite challenges from inflation, supply chain disruptions and the pandemic, NRF said.
Midwest Water Sports Acquires BuyWake.com And RedshiftWaterSports.com
Midwest Water Sports, which operates WaterSkis.com and WakeBoards.com, announced the acquisition of BuyWake.com and RedshiftWaterSports.com.
Yamaha Announces Siren Marine Acquisition
Yamaha Motor Corporation, U.S.A. finalized the acquisition of Siren Marine, a manufacturer of marine-based IoT (Internet of Things) solutions, by its subsidiary Yamaha Marine Systems Company, Inc. (YMSC).
Vail Resorts Skier Visits Down Slightly Season-To-Date
Vail Resorts, Inc. reported season-to-date total skier visits were down 1.7 percent compared to the prior year season-to-date period and down 18.3 percent compared to the fiscal year 2020 season-to-date period.
Big 5 Sees Q4 EPS Well Above Guidance
Big 5 Sporting Goods Corporation pre-announced fourth-quarter results for the period ended January 2 that showed earnings came in above company guidance due to margins coming in significantly ahead of plan. Steven Miller, the company’s CEO, said in a statement, “While issues surrounding the pandemic are ongoing, we believe the business is in a great position heading into 2022.”
Arc’teryx Closes 2021 With 21 Global Retail Openings
Arc’teryx announced it opened 21 stores internationally in 2021. The company also celebrated its first ReBird Repair and Service Center in New York with plans to establish more centers as the brand expands its ReBird circularity initiatives in 2022.
