SGB Update Outdoor
Asics Sells Haglöfs to PE Firm
Asics reported that it sold Swedish outdoor brand Haglöfs AB to the Hong Kong fund LionRock Capital, which acquired 100 percent interest in the company. Terms were not disclosed.
Desiknio Hires New Managing Director and Brand Manager
Desiknio, a manufacturer of e-bikes and sister company to Stromer, hired Morten Kristiansen as managing director and Max-Louis Wolff as brand manager.
IKamper Bolsters U.S. Team with Three New Hires
The manufacturer of rooftop tents and gear expanded its U.S. team by adding Callie Pople, Kara Thrift and Matthew Kim.
GSM Outdoors Acquires Phenix Rods
GSM Outdoors reported it acquired Phenix Rods, marking the company’s entry into the fishing rod space.
VF Corp. Data Breach Impacting Ability to Ship Orders
The company detected a cybersecurity breach in its systems on December 13 that is “reasonably likely to continue to have a material impact on the company’s business operations,” including its ability to fulfill online orders.
Wolverine Transforming Saucony and Merrell Model in China; Sells Asia Leathers Business
Wolverine World Wide, Inc. said it plans to shift its Merrell and Saucony businesses in China from a joint venture model with with Xtep to a license and distribution rights model. It also agreed it sell its Asia-based Wolverine Leathers business. Both actions are expected to simplify Wolvderine’s business model and generate $70 million in proceeds.
Adidas AG Appoints HR Chief to Supervisory Board
The Supervisory Board of Adidas AG has appointed Michelle Robertson as an Executive Board member, responsible for global human resources, people and culture, effective January 1, 2024.
StockX Outlines Cold Weather Footwear Favorites for Winter
According to the latest analysis from StockX, top picks at the culture marketplace include cold weather favorites from Ugg and performance styles from Salomon, New Balance and Hoka with Gore-Tex.
Costco’s Q1 Profits Top Targets
Costco reported earnings rose 16.5 percent in its fiscal first quarter ended November 26 as same-store sales rose 3.8 percent, including a 2.0 percent gain in the U.S. Earnings topped analyst expectations.
November Sales Show Small Gain, Tops Expectations
The Commerce Department reported that retail sales rose 0.3 percent in November over the prior month, stronger than the 0.2 percent decline in October and better than the Dow Jones estimate for a decrease of 0.1 percent.
Nordstrom Rack to Open in Noblesville, IN in Fall 2024
The 25,000-square-foot store, located in Hamilton Town Center, which includes Ulta, Ross, Dick’s Sporting Goods, and Total Wine, is owned and managed by Simon Property Group.
Survey: 142 Million Shoppers Expected for Super Saturday
According to the National Retail Federation, the number of expected shoppers is up significantly from the last time Super Saturday fell on December 23, when 126 million consumers were expected to shop on that day in 2017.
PeopleForBikes Coalition Board Reviews 2024 Priorities
PeopleForBikes Coalition Board of Directors, a group of 21 bike industry leaders, virtually met for its semi-annual gathering on December 12 to review the organization’s top priorities and initiatives for 2024.
Rossignol Opens Brand Store in the French Alps
The new store in Courchevel, a summer and winter vacation destination in the French Alps, sells its full range of apparel and winter sports equipment.
Gerber Gear Hires Marketing Chief
Gerber Gear, based in Portland, OR, hired Ash Williams as the outdoor brand’s new head of marketing, effective December 4. Williams was, most recently, the VP of marketing at Grundéns.
