SGB Update Outdoor
Short-Lead Bookings Dominate Lodging Patterns At Western Mountain Destinations
Lodging performance continued to improve during August at mountain western resorts in six states, but by many measures, the summer season is historically slow with two months of shoulder season still ahead. That assessment was delivered by DestiMetrics in their monthly Market Briefing by Inntopia.
Strong Rebound At Southeast Destinations To Close Summer
Southeast destinations in Florida, Georgia and South Carolina wrapped up their summer season with a resurgence in booking pace and steady growth in daily rates during the month of August, according to DestiMetrics, a division of Inntopia.
REI Co-Op Sells Headquarters To Facebook
REI Co-op announced that it has completed the sale of its newly completed corporate campus in the Spring District neighborhood of Bellevue, WA, for a purchase price of $390 million. The 400,000-square-foot campus and approximately six acres of land were purchased by Facebook on September 14.
Alterra Mountain Company Sets Plan For 20/21 Winter Operations
Alterra Mountain Company plans to limit daily lift tickets, prioritize access for season pass holders, eliminate walk-up window sales and discontinue the sale of most undated lift ticket products due to COVID-19 as part of its strategy to prepare for its 20/21 Winter operations.
Scheels Rolls Out Mobile Checkout
Scheels, which has 28 stores, has completed its initial implementation of the cloud-based Oracle Retail Xstore mobile POS platform and Oracle Retail Xstore Office Cloud Service to enable its employees to check out customers on selling floors.
Newell Brands Appoints Board Member
Newell Brands announced that Jay L. Johnson, executive vice president, chief financial officer and treasurer of Lamar Advertising Company, has been elected to the company’s Board of Directors, effective September 8, 2020. He will serve as a member of the Audit Committee.
Portland’s U.S. Outdoor Store Files For Bankruptcy
U.S. Outdoor Store, a landmark store in downtown Portland for decades, filed for bankruptcy and closed its downtown store. The retailer blamed fallout from COVID-19, civic unrest in Portland, shifts to online purchasing and a dispute with its lender. Amer Sports, The North Face and Volcom held the largest unsecured claims among vendors.
Oboz Announces New Hires And Promotions
Oboz has hired a national sales manager and planning analyst while making two internal promotions in product and operations to foster its continued growth.
Spectrum Aquatics Partners With Pyramide USA As Exclusive Distributor Of AquaClimb Products
Spectrum Aquatics, a PlayCore Company, and Pyramide USA Inc have entered an exclusive distribution partnership naming Spectrum the exclusive distributor of AquaClimb brand products, effective immediately.
Team Wendy To Be Acquired By Avon Rubber
Team Wendy, a Cleveland-based maker of athletic and military helmets, has agreed to a sale to UK-based Avon Rubber p.l.c., the parent of Avon Protection Systems, for a cash consideration of $130 million.
Academy Sports Files To Go Public
Academy Sports and Outdoors Inc. announced that it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering.
The Pro’s Closet Closes $12M Growth Investment
The Pro’s Closet, the pre-owned cycling brand, has raised $12 million in funding led by Foundry Group and Edison Partners. Ridgeline Ventures and existing private investors also joined the round. The latest round of funding brings total investment in The Pro’s Closet to more than $27 million.
Wattbike Secures Investment
Wattbike, the smart indoor bike, has secured an investment of £11.5 million ($15 mm) from Piper, the investment firm.
CODI Invests In Rational Packaging
Compass Diversified Holdings (CODI), the parent of 5.11, Liberty Safe, Marucci Sports and Velocity Outdoor, said its Foam Fabricators business has made a strategic investment in Rational Packaging, LLC, a designer and manufacturer of recyclable, paperboard-based structural packaging components.
Forest Service Temporarily Closes Southern California National Forests, Adds Prohibitions In Others
Most of California remains under the threat, of or in the midst of, fire conditions with a combination of extreme heat, significant wind, dry conditions, and stretched firefighting resources. Due to these conditions, the USDA Forest Service (USFS) Pacific Southwest Region closed eight national forests in the Pacific Southwest affecting much of Central and Southern California.
