SGB Update Outdoor
Sally McCoy Joins Sea To Summit Global Leadership Team
Sea to Summit welcomed Sally McCoy to its global leadership team. McCoy accepted the newly created position of Executive Chair of Sea to Summit and will assume responsibility for the brand’s global strategy and expansion.
Target Posts Robust Q3 Profit Gains
Target Corp. announced its third quarter 2020 financial results, which reflected continued, robust growth in both sales and profitability. Comparable sales grew 20.7 percent.
Kind Bars Acquired By Mars
Mars Inc. will acquire Kind North America, the maker of Kind bars and one of the country’s largest snack food companies.Terms of the deal were not disclosed, but the New York Times cited sources who said the deal values Kind NA at $5 billion.
Exped USA Appoints Midwest Sales Team
Exped USA announced the addition of Parallel 45 Sales Group as brand partners. The Parallel 45 Sales Group will oversee strategy, sales and service in North Dakota, South Dakota, Nebraska, Missouri, Iowa, Illinois, Minnesota, Wisconsin, and Michigan’s Upper Peninsula.
Outdoor Retailer Opens Registration For Virtual Winter Tradeshow
Registration is open for OR Winter Online, its digital marketplace and online experience. Opening January 6, 2021, the virtual event will include key Summit Days from January 20-23 through March 19, 2021.
Strava Announces $110 Million Financing
Strava announced that it has raised $110 million in a Series F financing round led by TCV and Sequoia Capital, with participation by Dragoneer Investment Group and existing investors including Madrone Capital Partners, Jackson Square Ventures and Go4it Capital.
Camping World Agrees To Acquire Outlet Recreation
Camping World Holdings Inc. announced an agreement to acquire the Outlet Recreation dealership based in the Fargo market. This acquisition marks the company’s first location in North Dakota, with plans for the deal to close in December 2020.
Crosson Ski Appoints Chief Innovation Officer
Crosson Ski said Bode Miller, the five-time Olympic medalist, has teamed with aerospace engineer, Chase Englehart, to serve as its chief innovation officer. The pair will debut Crosson’s expanded line of skis later this month, including a series built with carbon fiber and centered around traditional ski manufacturing.
Dorel Agrees To Going-Private Transaction
Dorel Industries Inc. announced that based on the recommendation of an independent committee of Dorel’s Board of Directors, Dorel has entered into a definitive Arrangement to be acquired by Cerberus Capital Management, L.P. for C$14.50 per share.
Emerald Appoints President And CEO
Emerald Holding Inc. announced that the company’s Board of Directors has appointed Hervé Sedky to the position of president and chief executive officer. He was most recently president of Reed Exhibitions Americas.
Gregory’s Q3 Revenues Slide 13 Percent, High Sierra’s Tumble
Samsonite International S.A. reported sales on a currency-neutral basis were down 13 percent for its Gregory brand and off 70.2 percent at High Sierra.
Camping World To Acquire Noble RV In Minnesota
Camping World Holdings Inc. announced that an agreement has been signed to acquire the four existing dealership locations of Noble RV, in Owatonna, Madelia, Oronoco (Rochester area) and Jordan (Minneapolis area), Minnesota, with plans for the acquisition to close in December 2020.
Hibbett Sports Announces New Merchandising Leadership Team
Hibbett Sports announced a new structural alignment for its merchandising leadership team which will allow the retailer to focus more on consumers with a “toe-to-head” connective approach across its product categories including Mens, Womens and Kids. The new Hibbett/City Gear structure will be organized by gender.
Study Report: Snowsports Winter Participation Shows Modest Gain Last Year
Snowsports Industries America (SIA), in participation with the Physical Activity Council (PAC), released its annual participation study showing winter sports participation overall by 1.9 percent for the 2019/20 season.
Arbor Collective Opens Flagship Store
The Arbor Collective announced the opening of its newest flagship store in San Diego, CA. The Pacific Beach shop joins Arbor’s retail operation in Venice Beach, CA as well as the Arbor Tahoe located in Truckee, CA. The store opening comes as the brand approaches its 25the anniversary.
