SGB Update Outdoor
Moncler’s Revenues Drop 29 Percent In First Half
Moncler SpA reported \a net loss of €31.6 million in the first six months of the year as sales declined 29 percent to €403.3 million.
The Complete Paddler Acquired By Nova Craft Canoe
Chris Rath, president of Nova Craft Canoe, purchased a majority stake in The Complete Paddler, the Toronto-based paddle sports retailer.
All Good Appoints CFO
All Good, the ethically-made body care and mineral sunscreen brand, welcomed Susan Conner-Steeb as its chief financial officer.
Mavic Acquired By French Investment Group
Mavic, the French cycling components and accessories brand that was placed into receivership in May, has reportedly been acquired by the French investment group Bourrelier.
Nike Marketing Exec Joins Timberland
Timberland named Drieke Leenknegt vice president, global marketing. She was most recently Global VP of Influencer Marketing & Collaborations at Nike.
Dick’s SG To Close On Thanksgiving; Extends Employee Premium Pay Through End Of Year
Dick’s Sporting Goods announced it will close all store locations and distribution centers on Thanksgiving Day, November 26, 2020. The company also announced that store and distribution center employees will continue to receive a 15 percent pay premium through the end of the year with the challenges presented by COVID-19.
Accell Group Manages Growth In First Half Despite Lockdowns
Accell Group N.V., the cycling giant based in the Netherlands, recorded a year-on-year sales growth of 53.1 percent in June, bringing first-half net sales to €676.9 million, up 4.0 percent versus last year, despite the impact of the lockdowns in March and April due to COVID-19.
Academy Sports Ranks Third Among Houston’s Private Corporations
Academy Sports + Outdoors again ranked third in the Houston Chronicle’s list of the 100 Top Private Companies in Houston. Academy CEO Ken Hicks told the Chronicle, “Academy has historically performed well in those stressful times, be they the 2008 recession, (Hurricane) Harvey and COVID-19.”
Herschel Supply Appoints SVP Of Global Sales
Herschel Supply Co. has tapped Brian White senior vice president of global sales.
Sports & Fitness Industry Does Not Expect Full Return In 2020
Seventy-two percent of companies now anticipate that sales will not return to pre-COVID-19 numbers until 2021, and 53 percent report not until Q2 of 2021, according to the SFIA’s 3rd Edition of its monthly COVID-19 Industry Impact Report.
Industry Groups Hail Passage Of Great American Outdoors Act
REI, OIA, NSSF and a wide range of other industry groups hailed the passage by the U.S. House of Representatives of the Great American Outdoors Act (GAOA).
Congress Passes The Great American Outdoors Act
The U.S. House on Wednesday passed the Great American Outdoors Act by a vote of 310 to 107, guaranteeing for the first time money for land acquisition and preservation. The bill now heads to President Donald Trump, who is expected to sign it.
Nike Tops BrandZ’s Most Valuable Apparel Brands
Nike was again the top-ranked apparel brand in the 2020 BrandZ Top 100 Most Valuable Global Brands ranking released by WPP and Kantar, although Lululemon, Adidas and The North Face all saw double-digit appreciation.
Closed Loop Partners Launches Consortium To Address Retail Bags
The Center for the Circular Economy at Closed Loop Partners has partnered with five retailers, CVS Health, Target, Walmart, Kroger, and Walgreens, to form a consortium aimed at reinventing the single-use plastic retail bag.
Alterra Mountain Company Announces EVP & CFO
Alterra Mountain Company announced the promotion of Adam Knox as Executive Vice President and Chief Financial Officer. Knox most recently served as the Senior VP, Strategy & Corporate Development.
