Rad Power Bikes Receives $154M Investment
Rad Power Bikes, an ebike manufacturer, announced $154 million in funding from existing investors.
Columbia Sportswear’s Q3 Impacted By Delayed Inventory Receipts
Columbia Sportswear Co. reported sales in the third quarter ended September 30 came in below Wall Street’s targets as supply chain constraints impacted U.S. wholesale shipments. Earnings, however, topped estimates due to favorable gross margins and expense management and early-season Fall 2021 sell-through has been healthy. The company raised its EPS guidance while lowering its sales outlook for the year.
Big Agnes Announces Key Hires And Promotions Within Sales Team
Big Agnes has hired Craig Hatton and Parker Batt to join its sales team and announced the promotion of Kody Herman and Eric Einfeld within the sales organization.
ASF 4.0, First Automated Sports Footwear Factory Opens In France
The Advanced Shoe Factory 4.0 (ASF 4.0), an automated sports footwear plant, opened its first production facility in France. The Chamatex Group, a specialist in technical textiles, is managing the operation.
SIA Releases 2020/21 Winter Sports Participation Study
Snowsports Industries America (SIA) released its 2020/21 Winter Sports Participation Study* focused on skiing, snowboarding, cross-country skiing, snowshoeing, sledding, and touring.
Indiana’s McCleerey’s Sporting Goods Closes
McCleerey’s Sporting Goods in downtown Greenfield in Indiana has closed after 50 years in business, according to the Greenfield Reporter.
Nike Opening Store In Pinecrest Mall
Nike is opening a store in Pinecrest Mall in Orange Village, OH, about 15 miles from Cleveland, according to a report in Cleveland.com.
Dometic Group Completes Acquisition Of Igloo
Sweden’s Dometic Group AB has completed its acquisition of Igloo. Said Juan Vargues, president and CEO of Dometic, “This acquisition is in line with our strategy to position Dometic as a more consumer driven, less cyclical company in the fast-growing outdoor business.”
Uncharted Supply Opens First Company-Owned Store In Park City
Uncharted Supply Co., the maker of emergency preparedness gear, announced its first company-owned retail location in its hometown of Park City, UT.
Escalade’s Q3 Sales Rise Four Percent
Escalade Inc. posted quarterly revenue of $81.3 million, an increase of 4.1 percent over the prior year. Quarterly diluted earnings per share were $0.43, a decline of 39.5 percent versus Q3 2020, and an increase of 140 percent versus Q3 2019. Earnings were impacted by higher transportation expenses, raw material costs, currency exchange rates, increased wage pressure, and inventory handling costs.
NRF Predicts Highest Holiday Retail Sales On Record
Holiday spending has the potential to shatter previous records, as the National Retail Federation forecasts that holiday sales during November and December will grow between 8.5 percent and 10.5 percent over 2020 to between $843.4 billion and $859 billion. NRF President and CEO Matthew Shay said, “There is considerable momentum heading into the holiday shopping season.”
Primary Arms Names Director, Business Development
Primary Arms has named Brett Stewart as director of business development.
Great Outdoor Provision Expands Flagship In Charlottesville
Great Outdoor Provision Co., an outdoor retailer with locations in Virginia and North Carolina, announced plans for an expanded flagship store in Charlottesville, VA in the summer of 2022.
Boot Barn’s Q2 Sales Surge 70 Percent
Boot Barn Holdings Inc. reported sales in the second quarter September 25 grew 69.5 percent against the year-ago period and 67.1 percent against the 2019 quarter.
Iconic Sports Acquisition Corp. Completes Upsized $345 Million Initial Public Offering
London-based Iconic Sports Acquisition Corp. announced the closing of its upsized initial public offering of 34.5 million units, which includes 4.5 million units issued pursuant to the exercise by the underwriters of their over-allotment option in full.
