Solo Brands Sees Sales Surge In Fourth Quarter
Solo Brands, Inc. reported sale surged 164 percent in the fourth quater and 202.6 percent in the year.
Thor Industries Makes Change To Global Innovation Leadership
Thor Industries, Inc. has hired McKay Featherstone, currently Airstream’s vice president of product development and engineering, as its senior vice president of global innovation, effective May 1, 2022.
NPD Tracker: Retail Continues To See Spending On Activities Rises
U.S. consumers have started to spend on in-person experiences again, but the pull-back on general merchandise retail spending that is expected to coincide with it has not yet materialized. Experiential spending reached 91 percent of 2019 levels, as of the end of 2021, but general merchandise retail spending remained elevated at 19 percent above pre-pandemic levels, according to The NPD Group.
Fanatics Partners With WWE
The WWE signed a long-term merchandising deal with Fanatics. The deal includes official WWE NFTs, offered through Fanatics’ Candy Digital division, trading cards, which will operate through Topps, which Fanatics acquired from former Disney CEO Michael Eisner earlier in 2022. It also includes physical and digital licensed merchandise, with Fanatics launching a WWE shop this summer.
FDRA Launches The Footwear Trade Show Council
The Footwear Distributors & Retailers of America (FDRA) has created the Footwear Trade Show Council (FTSC). Its purpose is to align industry trade shows into one collaborative alliance to share information, best practices and industry dates.
Delta Apparel Launches ‘On-Demand’ Digital First Solution
Delta Apparel, Inc. announced the expansion of its digital print business using newly installed digital print technology in collaboration with Fanatics.
Vail Resorts To Acquire Majority Stake In And Operate Andermatt-Sedrun Sport
Vail Resorts, Inc. announced that it has entered into an agreement to purchase a majority stake in Andermatt-Sedrun Sport AG from Andermatt Swiss Alps AG (ASA), marking the company’s first investment in, and opportunity to operate, a ski resort in Europe.
ALPS Brands Partners With Everest.com
Everest.com, the outdoor marketplace, announced it is partnering with ALPS Brands. Everest.com will house four storefronts on its site—ALPS OutdoorZ, ALPS Mountaineering, Cedar Ridge, and Browning Camping & Hunting Blinds.
The Pro’s Closet Adds Two Leadership Hires
The Pro’s Closet, the online seller of used bikes, announced that Kaitlin Cameron has joined the company as its new chief marketing officer and Paul Calandrella as its vice president of strategic initiatives.
PXG Opens Second Chicago Store
PXG announced the grand opening of its second retail store in Chicago’s Westside neighborhood
Vista Outdoor’s Debt Ratings Upgraded
S&P Global Ratings upgraded Vista Outdoor Inc.’s debt ratings. The rating agency said Vista Outdoor’s operating performance through December 2021 was stronger than originally projected due to robust demand for its ammunition business and favorable trends for outdoor products.
Victoria’s Secret Invests In California Swimwear Brand Frankies Bikinis
Victoria’s Secret invested $18 million for a minority stake in Venice, CA beachwear brand Frankies Bikinis.
Dyrt Report: New Campers Are Increasingly More Diverse
The Dyrt, an app for camping, found that 40 percent of the people who went camping for the first time in 2021 identified as Black, Indigenous, and People of Color, up from just 23 percent in 2018.
Rossignol Group Announces Strong Rebound Year For 2021/22
Following a challenging 2020/21 winter season, the Rossignol Group reported it recorded a strong rebound for winter 2022 with 28 percent growth across its brand portfolio.
U.S. Reinstates 352 Product Exclusions From China Tariffs
The U.S. Trade Representative’s office (USTR) has reinstated 352 of the 549 eligible exemptions from U.S. “Section 301” tariffs on Chinese imports.
