SGB Update Outdoor
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.
On Q3 Revenues Surge 68 Percent In Third Quarter
On Holding AG, in its first report since going public, reported sales grew 68 percent in the third quarter as sales continued to accelerate in all channels, regions and product categories. Adjusted EBITDA ran up 67.9 percent and the gross margin reached 60.2 percent, up from 54.5 percent a year ago.
Yue Yuen Sales In October Slump On Factory Shutdowns
Yue Yuen’s consolidated operating revenue in October fell 21.2 percent to $615.2 million from $781.0 million. The decline reflects the pandemic-related factory shutdowns in Vietnam.
ISPO Munich And OutDoor By ISPO Permanently Shift To New Dates
Together with sports and outdoor brands, retailers and industry associations, Messe München made two major changes effective immediately—ISPO Munich will be held permanently at the end of November, thus leaving the previous January date, and OutDoor by ISPO is moving permanently from the end of June to the end of May/beginning of June.
Sea To Summit Announces Key Hires To North American Sales Team
Sea to Summit, the global adventure equipment brand headquartered in Western Australia, announced it added three employees to its North American sales team—Bill Chandler, Jaime Buyagawan and Maggie Doran.
NPD Launches Chinese Sports Footwear E-Commerce Tracking Service
The NPD Group announced the launch of its Chinese Sports Footwear E-Commerce Tracking Service, covering the sales of international and domestic sports brands in China’s e-commerce channels.
Compass Diversified Prices Proposed Private Offering
Compass Diversified (CODI) announced that the company has priced $300 million in aggregate principal amount of 5.000 percent senior unsecured notes due 2032 at an issue price of 100 percent in a previously announced private offering.
Leatt Corp Announces Record Breaking Results For Third Quarter
Leatt Corp., the maker of protective equipment and ancillary products for extreme motor sports, reported third quarter revenues of $22.1 million, up 94 percent, compared to the 2020 third quarter.
Gregory And High Sierra Show Gains For Samsonite
Samsonite International S.A.reported sales on a currency-neutral basis for the Gregory brand increased 5.2 percent in the third quarter while sales of the High Sierra brand jumped 87.1 percent.
Canada’s Kanuk To Open Its First U.S. Store
Kanuk will open its first U.S. store in New York City’s SoHo neighborhood. The store will be the Montréal-based, outerwear brand’s first retail store outside of its Quebec hometown.
