SGB Update Outdoor
Sportsman’s Warehouse’s Reports Flat Sales Over Holiday Period
Sportsman’s Warehouse, Inc. reported net sales in the eight weeks ended December 25 were $299.6 million, which was flat versus the comparable eight weeks of fiscal year 2020. Compared to the same eight-week period of fiscal year 2019, net sales increased 59.3 percent from $188.1 million.
Simms Promotes From Within To Leadership Team
Simms Fishing Products announced promotions from within to its leadership team.
Kohl’s Reaffirms Strategic Progress Following Activists Calls For Sale
Kohl’s responded to a call by Activist Investor Macellum Advisors to explore strategic options, including a sale, by reporting that its recent results showed the retailer is making strong progress with its transformation plan and that it’s open to further discussions with Macellum.
Clarus Appoints General Manager Of Rhino Rack USA
Clarus Corporation appointed Greg Heichelbech to the new role of general manager of Rhino Rack USA.
TheDrop Taps Nike Veteran To Lead Global Merchandising
TheDrop.com, a streetwear and sneaker online marketplace, announced that Scott Keating has joined the company’s management team as chief merchandising officer. He was most recently global sales and brand director for Nike SB.
Grundéns Expands Partnership With Major League Fishing
Grundéns renewed and expanded its sponsorship of Major League Fishing.
Kohl’s Urged By Activist Investor To Make Changes Or Explore Sale
Activist hedge fund Macellum Advisors said on Tuesday Kohl’s should explore strategic options, including a sale, if the retailer does not improve business to boost its stock price.
SHOT Show Holding Its Largest Show
The 44th Annual SHOT Show, being held at The Venetian Expo and Caesars Forum from January 18-21 underwent an expansion that makes this year’s show its largest venue. Show organizers said more than 2,400 companies will exhibit in the 800,000-square-foot exhibit space.
Amer Sports’ Debt Ratings Upgraded To Positive On Strong Earnings
Moody’s Investors Service changed to positive from stable the outlook on the ratings of Amer Sports as the company saw revenue growth of 29 percent in the year-to-date period ended September 30. Moody’s said, “Consumer demand for sports apparel, footwear and individual ball sports equipment has proven to be stronger than expected across all segments.”
Mountain Hardwear Appoints Director Of Sales
Mountain Hardwear announced Sablle Scheppmann was appointed as the brand’s director of sales. Scheppman has held the role of the company’s national sales manager for the past three and half years.
MycoWorks Raises $125M To Scale Mushroom Leather Material
MycoWorks, a company developing a fungal-based biomaterial that it said could replace leather, has secured $125 million in Series C financing.
Cotopaxi Partners With Sezzle To Offer Flexible Payment Options
Cotopaxi announced it has partnered with Sezzle to offer a Buy Now, Pay Later (BNPL) option for its consumers.
Western Resorts See Strong Occupancy Rates Holiday 2021
Ample snowfall beginning in mid-December across the western U.S. led to a winning holiday season, whether compared to the pandemic-addled season last year or to pre-pandemic, record-breaking holiday seasons, according to DestiMetrics.
Salesforce Data Reveals Global Digital Sales Surpassed $1 Trillion During 2021 Holiday Season
Consumers spent $1.14 trillion online globally and $257 billion in the U.S., compared to $1.1 trillion and $236 billion in 2020, according to Salesforce’s 2021 Holiday Shopping Report.
Walmart Names New Chief Merchant In Exec Shuffle
Walmart appointed Charles Redfield as chief merchandising officer. He is replacing Scott McCall, who is retiring. Chief Customer Officer Janey Whiteside is leaving the company, according to an internal memo attained by the Wall Street Journal.
