Skyou Acquires OTC & Apparel
Skyou has acquired OTC & Apparel along with its sports apparel brand, Shark Sportswear. Both companies are based in San Diego, CA.
Tecovas Secures $56 Million In Series C Funding
Tecovas, an Austin, TX-based Western footwear, apparel and accessories brand, announced that it has secured $56 million in Series C funding, bringing the brand’s total lifetime equity funding to approximately $120 million.
REI To Open Distribution Center In Tennessee With Sustainability In Mind
REI announced that it is building a distribution center in Lebanon, TN to support its growth on the East Coast and in the Midwest and South.
Adobe: Holiday Online Sales Grew 9 Percent
Adobe released the Adobe Digital Economy Index, its final online shopping figures for the holiday season (November 1 to December 31). Consumers spent a total of $204.5 billion over the 2021 holiday season, up 8.6 percent year-over-year (YoY).
Tecnica Group Hires Social & Environmental Impact Guide
Tecnica Group North America hired Matthew Miller to the newly created position of social & environmental impact guide.
PLAE Expands With Innovation Factory And Custom-Built Racks
PLAE announced it has invested more than $10 million in a 90,000-square-foot factory to custom-build a new line of strength training racks.
Urban Outfitters Holiday Comps Rise 14.6 Percent
Urban Outfitters, Inc. announced net sales over November and December rose 14.6 percent, although it indicated that higher freight costs and promotions at the Free People brand will impact margins.
Lyman Appoints National Account Manager
Lyman Products, a maker of shooting accessories, announced the promotion of Alex Hayowyk to the position of national account manager.
NMMA Report: U.S. Boating Boom Continues With Record 2021 Sales
The National Marine Manufacturers Association (NMMA) announced that U.S. new powerboat retail unit sales are expected to surpass 300,000 units for the second consecutive year, closing 2021 an estimated 4-to-6 percent below record highs in 2020 and 7 percent above the five-year sales average.
Ropes Park Equipment Expands Sales Team
Ben Haase, managing director, Ropes Park Equipment, announced the addition of Cody Greene to its team as sales and service manager.
Yue Yuen Revenues Up One Percent For 2021
Yue Yuen reported sales slipped 2.1 percent in December and ended up 1.0 percent for the year.
Amer Sports Divests Suunto To Liesheng
Amer Sports has reached an agreement to divest Suunto to Liesheng, a Chinese technology company focusing on the smart & sport wearables electronics segment.
Port Of Los Angeles Applauds Governor Newsom’s Port Investment Plan
On Monday, the California Governor, Galvin Newsom, unveiled his 2022/23 state budget proposal, known as “The California Blueprint.” The proposed budget includes a planned record investment of $2.3 billion for California ports.
JCPenney Executive Hires Support E-Commerce And Omnichannel Development
JCPenney said former Gap and Walmart executive Sharmeelee Bala has been named chief information officer and Katie Mullen has joined the company from Neiman Marcus Group as chief digital and transformation officer.
Ice Shaker Partners With Oxygen Esports
Ice Shaker and Oxygen Esports announced a partnership where Ice Shaker becomes the official Performance Bottle and Shaker Partner of Oxygen Esports, the Boston Uprising and the newly announced Boston Call of Duty League franchise.
