SGB Update Outdoor
Brixton Appoints New CFO
Brixton announced that Rick Robertson, the former chief financial officer of Municipal Co, Inc., will join Brixton as its new chief financial officer beginning January 3.
Port Of Los Angeles Headed To Record Cargo Year
The Port of Los Angeles is on track to break a new record for cargo throughput in 2021, processing more volume than any port in the Western Hemisphere. With two weeks left in the year, the Port said it anticipates its final volume will be approximately 10.7 million Twenty-Foot Equivalent Units (TEUs), about 13 percent more than its previous record set in 2018.
Clarus Acquires Barnes Bullets’ Headquarters In Utah
Clarus Corporation announced that it has purchased the headquarters of its Barnes brand. The building, located in Mona, UT, is both the headquarters and production facility for the Barnes brand. Clarus purchased the building and land for $9.5 million.
Nike’s Q2 Exceeds Wall Street Targets
Nike Inc. reported earnings for the second quarter ended November 30 rose 7 percent and easily topped Wall Street’s consensus target. Sales inched up one percent, led by Nike Brand Digital growth of 11 percent, while gross margins improved 280 basis points.
Schwinn Tone Electric Scooters Recalled
About 11,340 Schwinn Tone Electric Scooters (e-scooters) are being recalled.
Johnson Outdoors Vice Chairman To Retire
Johnson Outdoors Inc. announced that Thomas F. Pyle, Jr., director and vice-chairman, will not stand for re-election to the company’s board of directors during its 2022 Annual Shareholder Meeting.
Dick’s SG Launches $2 Billion Stock Buyback Program
Dick’s Sporting Goods, Inc. said in a regulatory filing that on December 16, its Board of Directors authorized the repurchase of an additional $2 billion of the company’s common stock.
USA Cycling Appoints New CEO
USA Cycling appointed cycling industry veteran and USA Cycling Chairman of the Board, Brendan Quirk, to be its next CEO, replacing Rob DeMartini.
Revo Brands Announces Acquisition Of Outdoor Edge Cutlery
Revo Brands, the parent company of Real Avid, has now added Outdoor Edge Cutlery to its family of consumer brands.
Shoe Carnival Adds Same-Day Delivery
Shoe Carnival Inc. has launched same-day delivery, in partnership with DoorDash, a first in the family footwear channel.
Academy Sports Appoints Board Member
Academy Sports and Outdoors Inc. announced the appointment of Chris Turner to its Board of Directors and Audit Committee. With this change, Academy’s Board now comprises ten directors. Turner has served as the chief financial officer of Yum! Brands since 2019.
Winnebago’s Q1 Profits Soar Past Analyst Targets
Winnebago Industries reported earnings vaulted 73.5 percent in the fiscal first quarter ended November 27 on a 46 percent sales gain. Results easily topped Wall Street targets.
Adidas Originals To Launch Debut NFT Collection
Adidas announced the launch of the company’s first Adidas Originals NFT collection. The drop is in partnership with the Bored Ape Yacht Club (BAYC), the cryptocurrency investor Gmoney and the comic series Punks Comics.
Adidas To Initiate €4 Billion Share Buyback Program
The Executive Board of Adidas has launched a multi-year share buyback program. Starting in January 2022, the company plans to buy back shares in an amount of up to €4 billion until 2025.
REI To Open Store In Glenwood Springs
REI Co-op will open a new store in Glenwood Springs, CO in summer 2022.
