SGB Update Outdoor
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.
RV Retailer Acquires Three Stores In California
RV Retailer, LLC announced the acquisitions of Holland RV Center with three stores in Southern California and Folsom Lake RV in Northern California. This expands RVR’s presence in California to six stores and total store count to 81.
Adobe: Black Friday Online Spending Sees Slight Decline
Total online spending on Black Friday was $8.9 billion, down from sales of $9 billion in 2020, according to Adobe Analytics. Results came in at the low end of Adobe’s predicted range. Thanksgiving Day coming in flat year-over-year at $5.1 billion.
Sensormatic: Black Friday In-Store Traffic Down Sharply From Pre-Pandemic Levels
In-store traffic at U.S. brick-and-mortar retail stores and shopping centers was down 28.3 percent on Black Friday, November 26, compared to 2019, the last pre-pandemic year, but showed a 47.5 percent rebound compared to 2020, according to Sensormatic Solutions.
Amazon Physical Retail VP Exits
Cameron Janes, who most recently oversaw Amazon’s physical retail division, has left Amazon after more than 14 years.
Canada Goose Names President, Asia-Pacific
Canada Goose announced the appointment of Paul Cadman as President, Asia-Pacific (APAC). His past experience includes roles at Salvatore Ferragamo, Asprey & Garrard, Bvlgari, and Estée Lauder.
Rossignol Sells Felt Bicycles To Pierer Mobility
Rossignol has sold Felt Bicycles to Pierer Mobility, the owners of KTM motorcycles.
Pierer Mobility AG Acquires Felt Bikes; Enters North American Market
“With Felt we are able to expand our bicycle portfolio and also strongly enter the North American market with an established, high-performance brand,” said Stefan Pierer, CEO Pierer Mobility AG.
Dick’s SG Q3 Profits Soar Past Wall Street Targets
Dick’s Sporting Goods again raised its outlook for the year after reporting third-quarter earnings that blew past Wall Street targets. Consolidated same-store sales for the third quarter increased 12.2 percent on top of a 23.2 percent increase in the third quarter of 2020 and a 6.0 percent increase in the third quarter of 2019.
Adventure Ready Brands Acquires LuminAID
Adventure Ready Brands announced the acquisition of LuminAID, maker of a variety of solar-powered lighting and charging solutions for the outdoors and emergency use. The transaction closed on November 19.
Unifi Reaches Key Sustainability Milestone Ahead Of Schedule
Unifi Inc. said it reached its goal of transforming more than 30 billion post-consumer plastic bottles into its Repreve recycled performance fibers.
Macy’s Announces Plans To Launch Curated Digital Marketplace
Macy’s Inc. announced plans to launch a curated digital marketplace. The new marketplace will significantly expand the company’s assortment in existing categories and brands and introduce a range of new categories, by enabling carefully selected third-party merchants to sell their products on macys.com and bloomingdales.com.
