SGB Update Outdoor
Kitzuma Cycling Logistics Adds LeMond, Alchemy And Eminent
Kitzuma Cycling Logistics is adding three more bike manufacturers to the growing list of brands employing their bike-delivery service: LeMond Bicycles, Alchemy Bikes and Eminent Cycles.
La Sportiva Appoints Financial Director And National Sales Manager
La Sportiva announced the hiring of Nat Matthews as financial director and Darrin Young as national sales manager.
Stio Announces Key Hires
Stio, the mountain lifestyle brand headquartered in Jackson Hole, WY, announced several key new leadership positions for the brand.
Macy’s Q3 Same-Store Sales Jump 37 Percent
Macy’s Inc. significantly raised its earnings outlook for the year after reporting third-quarter results that exceeded expectations. Comparable sales jumped 35.6 percent versus 2020 and 8.7 percent versus 2019.
Kohl’s Lifts Full-Year Outlook As Q3 Earnings Eclipse Analyst Targets
Kohl’s Inc. raised its full-year 2021 financial outlook after reporting third-quarter net sales and earnings that easily exceeded Wall Street expectations. Third-quarter comparable sales jumped 14.7 percent against a year-ago decline of 13.3 percent.
Patagonia Closes Bowery Surf Shop
The Patagonia Surf store on the Bowery in New York City has closed.
Former Patagonia CEO Joins ReGen Ventures
ReGen Ventures, a global early-stage venture fund that invests in regenerative technologies, announced that former Patagonia CEO Rose Marcario has joined the firm as a partner.
Target’s Q3 Same-Store Sales Climb 13 Percent
Target Corp. reported comparable sales grew 12.7 percent in the third quarter on top of 20.7 percent growth last year. Brian Cornell, CEO, said, “Our third-quarter comp increase of 12.7 percent was driven entirely by traffic, and reflects continued strength in our store sales, same-day digital fulfillment services and double-digit growth in all five of our core merchandising categories.”
Aqualung Group Names North America Human Resources Director
Aqualung announced it has hired Scott Schneider as Director of Human Resources, North America.
Retail Sales Jump In October
The U.S. Census Bureau said overall retail sales in October were up 1.7 percent seasonally adjusted from September and up 16.3 percent year-over-year.
PeopleForBikes Finance VP To Exit
After more than 17 years overseeing the financial operations of the PeopleForBikes Coalition and Foundation, Erik Esborg announced he is stepping down as the organization’s vice president of finance next year.
On Q3 Revenues Surge 68 Percent In Third Quarter
On Holding AG, in its first report since going public, reported sales grew 68 percent in the third quarter as sales continued to accelerate in all channels, regions and product categories. Adjusted EBITDA ran up 67.9 percent and the gross margin reached 60.2 percent, up from 54.5 percent a year ago.
Yue Yuen Sales In October Slump On Factory Shutdowns
Yue Yuen’s consolidated operating revenue in October fell 21.2 percent to $615.2 million from $781.0 million. The decline reflects the pandemic-related factory shutdowns in Vietnam.
ISPO Munich And OutDoor By ISPO Permanently Shift To New Dates
Together with sports and outdoor brands, retailers and industry associations, Messe München made two major changes effective immediately—ISPO Munich will be held permanently at the end of November, thus leaving the previous January date, and OutDoor by ISPO is moving permanently from the end of June to the end of May/beginning of June.
Sea To Summit Announces Key Hires To North American Sales Team
Sea to Summit, the global adventure equipment brand headquartered in Western Australia, announced it added three employees to its North American sales team—Bill Chandler, Jaime Buyagawan and Maggie Doran.
