SGB Update Outdoor
Consumers Sweet Spot This Holiday Is Free Shipping, According To NPD
The 2020 holiday shopping season kicked off earlier this year with Amazon Prime Days and competing retail promotions in mid-October, and while consumers are always looking for good deals, their sweet spot this holiday will be free shipping, reports The NPD Group.
Unifi Announces Strong Sequential Growth With First Quarter
Unifi Inc. reported sales in the first quarter ended September 27 were down 21 percent year-over-year but increased 64 percent sequentially compared to the fourth quarter of fiscal 2020. The fiber producer also posted a surprise profit in the period.
ISPO Munich 2021 To Go Virtual
ISPO Munich’s 2021 show will take place February 1 to 5, completely online due to the coronavirus. Klaus Dittrich, the Chairman and CEO of Messe München, said, “With ISPO Munich Online, we are enabling all customers around the world to participate in the event. At the same time, we can create formats that integrate new target groups.”
Arc’teryx To Open Second New York City Location
Arc’teryx will open a second Manhattan location in the Flatiron District, replacing the fitness startup Mirror, according to Commercial Observer.
Academy Sports Announces Offering Of Senior Secured Notes
Academy Sports and Outdoors Inc. announced that its wholly-owned subsidiary, Academy, Ltd., intends to offer $400 million aggregate principal amount of senior secured notes due 2027 in a private offering.
Thule’s Q3 Revenues Leap 45 Percent
Thule reported net sales for the third quarter jumped 44.9 percent to SEK 2,436 million ($278 mm). Adjusted for exchange rate fluctuations, sales rose 52.4 percent. Strength in bike products, rooftop tents and strollers drove a 36 percent gain in the Americas region.
Moncler’s Q3 Revenues Decline 15 Percent
Moncler reported revenues of €361.8 million ($428 mm) in the third quarter, a 15 percent decrease at current exchange and 14 percent at constant exchange rates.
SA Company Receives Strategic Investment From TZP Group
SA Company has received a strategic investment from TZP Group, through TZP Capital Partners III, LP, a private equity firm based in New York.
Clarus Corp. Withdraws Proposed Registered Offering Of Convertible Senior Notes
Clarus Corporation announced that, as a result of equity capital markets volatility it has decided not to proceed with its previously announced proposed registered offering of convertible senior notes due 2026 in the aggregate amount of $85 million.
L.L Bean Opens Store In Toronto
L.L Bean opened its fourth store in Canada after marking its entry into the country two years ago. The new store is located in Don Mills in Toronto.
U.S. Ski & Snowboard Partners With Rack Attack
U.S. Ski & Snowboard announced a new partnership with Rack Attack, a retailer of vehicle rack solutions. Rack Attack will be named the Official Rack Retailer of the U.S. Ski Team, U.S Snowboard Team, and U.S. Freeski Team
Clarus Corp. Announces Proposed $85 Million Convertible Senior Notes Offering
Clarus Corporation announced it has commenced a public offering of $85 million aggregate principal amount of convertible senior notes due 2026.
Recall: Jakks Pacific Morfboard Skate & Scoot Scooters
About 162,300 MorfBoard Skate & Scoot Combo scooters with “Y” handlebars from Jakks Pacific are being recalled.
Black Diamond-Parent Sees Mid-Single Q3 Revenue Gain
Clarus Corp said it expects sales growth for the third quarter to range from 5 percent to 6 percent as triple-digit gains at Sierra Bullets offsets a slight decline at Black Diamond.
Mammut Records Modest Growth In Q3
Conzetta Group’s said its Outdoor segment, which consists entirely of Mammut brand, saw “slight growth” in the third quarter, recovering from declines seen earlier in the year due the pandemic.
