SGB Update Outdoor
SIA Data Shows Increase In Winter Outdoor Spending And Job Creation
Data released by Snowsports Industries America (SIA) shows that winter outdoor consumers are responsible for over $79 billion in spending and support 799,000 jobs.
NRF: Nearly 180 Million Shop Over Thanksgiving Holiday Weekend
According to the annual survey released by the National Retail Federation and Prosper Insights & Analytics, nearly 180 million Americans shopped during the five-day holiday shopping period from Thanksgiving Day through Cyber Monday. The number of shoppers compares with 186.4 million shoppers in 2020 but exceeded the NRF’s initial expectations by over 21 million and is in line with the average of the last four years.
Thor Industries Announces Promotions
Thor Industries Inc. announced the promotion of Todd Woelfer to SVP and chief operating officer and Trevor Gasper to vice president, general counsel and secretary.
JD Sports Board Member Steps Down
JD Sports Fashion Plc announced that, after more than six years on the Board, Heather Jackson has stepped down from her position as a non-executive director. Mahbobeh Sabetnia has joined the board.
VF Corp Appoints President, Global Packs
VF Corporation announced the appointment of Nina Flood to the newly created position of president, Global Packs, Eastpak, JanSpor, and Kipling.
Allbirds Q3 Revenues Jump 33 Percent
Allbirds, Inc., in its first quarterly report since going public, widened its loss in the quarter ended September 30 as sales rose 33 percent. Results were slightly above forecasts.
Adventure Cycling Association Appoints Executive Director
Jennifer O’Dell has been named Executive Director of Adventure Cycling Association as the organization prepares to invest in a new initiative for 2022.
Adobe: Cyber Monday Online Sales Drop 1.4 Percent
According to data released by Adobe Analytics, consumers spent a total of $10.7 billion on Cyber Monday, which is down 1.4 percent year-over-year; this marks the first time Cyber Monday has shown a decline in sales since Adobe began tracking the figure in 2012.
Yeti Opens First Houston Store
Yeti opened its first Houston store and its ninth standalone store overall.
Industrial Revolution Taps Perpetual Motion Northwest To Expand Sales Team
Industrial Revolution, the Seattle manufacturer and distributor of outdoor accessories, announced a partnership with Perpetual Motion Northwest to expand its sales team in the Pacific Northwest. The rep group will cover Industrial Revolution brands in Washington, Oregon, Idaho, Montana, and Alaska.
Erem Appoints Vice President Of Marketing
Erem announced it had hired Jax Mariash Mustafa as vice president of marketing.
Helen of Troy Agrees To Acquire Osprey Packs
Helen of Troy Limited announced that one of its subsidiaries has entered into a definitive agreement to acquire Osprey Packs, Inc. for $414 million in cash.
‘Container Dwell Fee’ At West Coast Ports Remains On Hold Until December 6
The Port of Los Angeles and the Port of Long Beach announced a further postponement of the “Container Dwell Fee.” After meetings today with U.S. Port Envoy John Porcari, ocean liner companies and marine terminal operators, the two ports said the fee would not be considered before December 6.
Small Business Saturday Tallies Record Sales
American Express said its 12th Annual Small Business Saturday, held on November 27, is estimated to have reached an all-time high in sales.
Arc’teryx Opens Third Store In Quebec
Arc’teryx is continuing its retail expansion in Canada with a new location in Laval. The store marks the 14th Arc’teryx retail location to open in the Canadian market.
