SGB Update Outdoor
Brand Machine Group Acquires Penfield
Global licensing specialists Brand Machine Group (BMG) has acquired U.S. outdoor brand Penfield.
Retail Sales Drop In December For Third Straight Month
Retail sales, excluding automobiles and gas, slid 0.7 percent in December compared to November, according to the Commerce Department, as a surge in coronavirus cases kept consumers away from stores during the critical holiday shopping season.
Play It Again Sports Parent Appoints New Board Member
Winmark Corp., the parent of Play It Again Sports, named Gina De Caro Sprenger to its Board of Directors. Currently, Sprenger is the chief strategic retail officer for Fanatics.
Vail Resorts Sees 17 Percent Drop In Season-To-Date Skier Visits
Vail Resorts reported season-to-date total skier visits were down 16.6 percent compared to the prior year season-to-date period. Season-to-date total lift ticket revenue, including an allocated portion of season pass revenue for each applicable period, was down 20.9 percent.
Stock+Field Closing All Locations
Stock+Field, the farm supply and outdoor department store, has filed for bankruptcy and is closing all 25 of its locations.
Anta Sports’ Q4 Sales Gains Led by Fila, Other Brands
Anta Sports reported modest retail sales gains for its flagship Anta brand in the fourth quarter while strong double-digit gains were seen by Fila and its other brands ((Descente, Kolon Sport, Sprandi, and Kingkow).
Bern Helmets Announces Expanded Team, New Headquarters
Bern Helmets announced an expanded leadership team and a growth plan leveraging the burgeoning outdoor and micro-mobility trends. Founder Dennis Leedom, with Adam Godwin, chief financial officer, will lead a team of veteran action sports professionals from its new headquarters in Cordage Commerce Center, a renovated industrial park.
Google Completes Fitbit Acquisition
Google said it had completed its acquisition of Fitbit after securing regulatory approvals. Fitbit’s CEO James Park and Rick Osterloh, Google’s SVP, Devices & Services, issued separate statements committing to data privacy and security protections.
Nike Sues Nearly 600 Websites For Selling Counterfeit Sneakers
Nike filed a lawsuit against 589 websites allegedly selling counterfeit versions of its Nike and Converse shoes online.
Canada Goose Appoints Asia-Pacific President
Canada Goose announced the appointment of Scott Cameron as president, Asia-Pacific (APAC), effective April 1, as well as the appointment of Michael D. Armstrong, executive vice president, ViacomCBS, to its Board of Directors as an independent director, effective immediately.
RECALL: Sea To Summit Alpha And Sigma Camp Pots
Sea to Summit has issued a voluntary recall of its Alpha and Sigma camp pots and will provide a field replacement latch to remedy all affected products.
Orva Secures Investment
Trilantic North America closed on an investment in Orva, a 3P authorized retail partner for footwear, apparel and equipment brands selling on Amazon, Walmart and other direct-to-consumer channels.
SylvanSport Appoints Finance Director
SylvanSport is expanding its team, most recently with the hire of Finance Director Lisa Drake. Drake previously worked as Finance Director in the manufacturing and hospitality industries.
Target’s Holiday Same-Store Sales Climb 17 Percent
Target Corporation announced that comparable sales in the combined November/December period grew 17.2 percent, driven by a 4.3 percent increase in traffic and a 12.3 percent increase in average ticket sales. Store-originated comparable sales grew 4.2 percent, while comparable digital sales grew 102 percent.
Big 5 Raises Q4 Guidance On Robust Holiday Sales
Big 5 Sporting Goods Corp. raised its earnings guidance for the fourth quarter ended January 3 as same-store sales grew 10.5 percent in the period on improving merchandise margins. Said Steven Miller, president and CEO, “As we enter a new year, we are confident that our product offerings will continue to attract customers who are looking to stay healthy and active.”
