SGB Update Outdoor
The Ironman Group Acquires Indoor Cycling App Fulgaz
The Ironman Group announced the acquisition of the indoor virtual cycling app, FulGaz as part of a plan to expand its connected fitness offerings.
NRF Survey: Holiday Spending To Be Even With 2020 Levels
Consumers plan to spend $997.73 on gifts, holiday items and other non-gift purchases for themselves and their families this year, on par with consumer spending last year, per the annual survey released by the National Retail Federation (NRF) and Prosper Insights & Analytics.
VF Corp. Reaffirms Outlook Despite Slight Quarterly Miss
VF Corp. reported revenue climbed 23 percent in its second quarter ended October 2, led by a 31 percent gain at The North Face. Vans sales grew 8 percent and Dickies grew 21 percent. Companywide earnings and sales were slightly below Wall Street’s targets but VF reaffirmed its full-year earnings outlook.
Adobe Forecasts Record Online Sales, Continued Supply Chain Issues
Adobe expects U.S. holiday sales online to hit $207 billion from November 1 to December 31, setting a record high. This represents a 10 percent increase from 2020, a strong growth rate after a year where the pandemic made e-commerce an essential service. On the negative side, a weakened supply chain is leading to a hike in out-of-stocks and driving up online prices.
Outdoor Research Announces Promotion
Outdoor Research announced it has promoted Liz Wilson to senior vice president, Global Product Creation.
GSM Outdoors Acquires Gary Yamamoto Custom Baits
GSM Outdoors completed the acquisition of Gary Yamamoto Custom Baits. GSM Outdoors said the acquisition represents the company’s first step into the fishing segment.
Montane Hires Country Manager For The U.S.
British outdoor clothing brand Montane has appointed industry veteran Mike Downing of Boulder, CO as manager for its U.S. business.
Mountain Hardwear Retains Upper Midwest Sales Agency
Mountain Hardwear appointed Adams Outdoor Sales in the Upper Midwest as its newest regional sales representation.
Pelican Products To Be Sold To Different PE Firm
Platinum Equity said it plans to acquire Pelican Products, the supplier of protective cases, portable lighting systems and outdoor consumer products, from Behrman Capital.
Minus33 Appoints President
Lawson Glidden was named president of Minus33 and the L.W. Packard company. A business spanning five generations and dating back to 1916, Glidden assumes the role of president from his father, John Glidden.
Filson’s Parent Appoints CFO
Filson’s parent company, Bedrock Manufacturing Co, has appointed Michele Santana as its chief financial officer.
Himali Opens Store In Boulder
Himali, a Boulder-based start-up specializing in mountain apparel, has opened its first store on the Pearl Street Mall at 1418 Pearl Street, according to the Daily Camera.
Winnebago Industries Announces Strong Fourth Quarter And Full Year Results
Winnebago Industries Inc. reported sales rose 40.4 percent in the fourth quarter and 54.1 percent in the year ended August 28.
KOM Cycling Signs Bob Elliot & Co., Ltd. To Expand Distribution Network
KOM Cycling announced the expansion of its distributor network with Bob Elliot & Co. Ltd. The new partnership and full range of products will be available across the UK starting in October.
REI Co-op To Open Store In Athens
REI Co-op announced plans to open a retail store in fall 2022 in Athens, representing its sixth store in Georgia.
