SGB Update Outdoor
Hestra Splits Growing Western Territory, Adds New Reps
Hestra, the maker of gloves for outdoor activities, announced the division of its western territory and the hiring of Shannon Carey and Chuck Gerst to manage the new territories.
Safilo Announces New Term Loan Facility
Safilo Group S.p.A. announced the signing of a new term loan facility for an amount of €108.0 million ($123 mm) to provide Safilo S.p.A. with additional liquidity to finance working capital and investment needs for activities located in Italy.
PrimaLoft And Shanghai Challenge Textile Co. Enter Global Partnership Agreement
PrimaLoft, Inc. has entered into a partnership with fabric manufacturer Shanghai Challenge Textile Co., LTD to exclusively produce PrimaLoft performance fabrics.
Canada’s MEC To Be Acquired By U.S. PE Firm
Mountain Equipment Co-op (MEC), Canada’s largest outdoor chain with 22 stores, announced its board of directors has unanimously approved a deal in which a Los Angeles-based private investment firm will acquire MEC’s assets, including the majority of its retail stores. Vancouver-based MEC said the transition from a co-operative structure to a subsidiary of Kingswood Capital Management is needed to ensure a stable future for the business.
Industrial Revolution Appoints VP Of Sales
Industrial Revolution hired Chris Clark as vice president of sales. His previous experience includes Outdoor Research, Cascade Designs, and Brunton Outdoor.
Sportsman’s Warehouse To Open In Chambersburg, PA
Sportsman’s Warehouse Holdings, Inc. plans to open a new store in Chambersburg, PA this month with a grand opening celebration to be held September 24 to 26.
Camping World Announces Long-Term Goals, Initiatives And 2021 Outlook
Camping World Holdings released its long-term goals, initiatives and 2021 outlook highlights ahead of its annual Investor Day, including expectations for adjusted EBITDA to grow in the mid-single-digits over the next 5 years.
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.
