SGB Update Outdoor
Allbirds Q3 Revenues Jump 33 Percent
Allbirds, Inc., in its first quarterly report since going public, widened its loss in the quarter ended September 30 as sales rose 33 percent. Results were slightly above forecasts.
Adventure Cycling Association Appoints Executive Director
Jennifer O’Dell has been named Executive Director of Adventure Cycling Association as the organization prepares to invest in a new initiative for 2022.
Adobe: Cyber Monday Online Sales Drop 1.4 Percent
According to data released by Adobe Analytics, consumers spent a total of $10.7 billion on Cyber Monday, which is down 1.4 percent year-over-year; this marks the first time Cyber Monday has shown a decline in sales since Adobe began tracking the figure in 2012.
Yeti Opens First Houston Store
Yeti opened its first Houston store and its ninth standalone store overall.
Industrial Revolution Taps Perpetual Motion Northwest To Expand Sales Team
Industrial Revolution, the Seattle manufacturer and distributor of outdoor accessories, announced a partnership with Perpetual Motion Northwest to expand its sales team in the Pacific Northwest. The rep group will cover Industrial Revolution brands in Washington, Oregon, Idaho, Montana, and Alaska.
Erem Appoints Vice President Of Marketing
Erem announced it had hired Jax Mariash Mustafa as vice president of marketing.
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.
