SGB Update Outdoor
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.
Generation Growth Capital Acquires Killer Instinct
Generation Growth Capital Fund III, LP (GGC), a Milwaukee-based private equity firm, announced the acquisition of Killer Instinct Inc. Based in Frankenmuth, MI., Killer Instinct is a maker of archery and archery accessories.
Columbia Sportswear Appoints VP, U.S. Sales, Columbia Brand
Columbia Sportswear Company announced it has named Jim Beeman as vice president, U.S. sales for the Columbia brand. He was at Nike for 22 years.
Glade Optics Annouces Key Hires
Glade Optics announced it recently hired key personnel for continued growth.
Evo Acquires Rhythm Japan
Evo, the Seattle-based outdoor retailer, has acquired Rhythm Japan, a Hokkaido, Japan-based snow gear rental company, along with its winter apparel brand, Oyuki.
Tecovas Secures $56 Million In Series C Funding
Tecovas, an Austin, TX-based Western footwear, apparel and accessories brand, announced that it has secured $56 million in Series C funding, bringing the brand’s total lifetime equity funding to approximately $120 million.
REI To Open Distribution Center In Tennessee With Sustainability In Mind
REI announced that it is building a distribution center in Lebanon, TN to support its growth on the East Coast and in the Midwest and South.
Adobe: Holiday Online Sales Grew 9 Percent
Adobe released the Adobe Digital Economy Index, its final online shopping figures for the holiday season (November 1 to December 31). Consumers spent a total of $204.5 billion over the 2021 holiday season, up 8.6 percent year-over-year (YoY).
Tecnica Group Hires Social & Environmental Impact Guide
Tecnica Group North America hired Matthew Miller to the newly created position of social & environmental impact guide.
NMMA Report: U.S. Boating Boom Continues With Record 2021 Sales
The National Marine Manufacturers Association (NMMA) announced that U.S. new powerboat retail unit sales are expected to surpass 300,000 units for the second consecutive year, closing 2021 an estimated 4-to-6 percent below record highs in 2020 and 7 percent above the five-year sales average.
Ropes Park Equipment Expands Sales Team
Ben Haase, managing director, Ropes Park Equipment, announced the addition of Cody Greene to its team as sales and service manager.
Yue Yuen Revenues Up One Percent For 2021
Yue Yuen reported sales slipped 2.1 percent in December and ended up 1.0 percent for the year.
Amer Sports Divests Suunto To Liesheng
Amer Sports has reached an agreement to divest Suunto to Liesheng, a Chinese technology company focusing on the smart & sport wearables electronics segment.
