SGB Update Outdoor
Sentinel Capital Partners Teams With RefrigiWear
Sentinel Capital Partners announced a new partnership with RefrigiWear, a provider of industrial workwear for subzero environments.
CVC, HPS To Buy Stake In Authentic Brands At $12.7BN Valuation
Authentic Brands Group (ABG) is shelving its planned initial public offering and instead plans to sell significant equity stakes in its business to private equity firm CVC Capital, hedge fund HPS Investment Partners and a pool of existing stakeholders. The transaction values the company at $12.7 billion in enterprise value.
72 Million Americans Plan To Go RVing In The Next Year
The popularity of RVing is showing no sign of slowing down with a new survey from RV Industry Association revealing that 72 million Americans plan on taking an RV trip in the next year in an RV they rent, own, or borrow.
Cotopaxi To Open Stores In Denver And San Francisco
Cotopaxi announced plans to open two new brick-and-mortar retail stores. The new locations in Denver and San Francisco will add to Cotopaxi’s current roster of five store locations.
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.
