Adobe Forecasts Record Online Sales, Continued Supply Chain Issues
Adobe expects U.S. holiday sales online to hit $207 billion from November 1 to December 31, setting a record high. This represents a 10 percent increase from 2020, a strong growth rate after a year where the pandemic made e-commerce an essential service. On the negative side, a weakened supply chain is leading to a hike in out-of-stocks and driving up online prices.
Genesco Names Chief Financial Officer
Genesco Inc. announced that Thomas A. George has been named senior vice president, finance, and chief financial officer. elevating his role from the interim position he has held since December 2020.
Winchester’s Sales Nearly Double In Third Quarter
Winchester’s sales grew 93.8 percent in the third quarter to $400.0 million compared to $206.4 million in the year-ago third quarter, according to its parent, Olin Corp.
Xponential Fitness Appoints Board Member
Xponential Fitness Inc. announced that Chelsea A. Grayson has been appointed to serve as an independent director. Grayson will also serve on the company’s Audit Committee.
361 Degrees Sees Double-Digit Growth In Third Quarter
The Chinese apparel and sneaker company 361 Degrees reported retail sales of its core branded products for the third quarter of 2021 recorded low-teens growth compared to the same period of 2020.
Topgolf Starts Construction Of New Venue Serving Durham And Raleigh
Topgolf Entertainment Group announced it has officially started the development of a new venue serving the Durham and Raleigh areas in North Carolina.
Outdoor Research Announces Promotion
Outdoor Research announced it has promoted Liz Wilson to senior vice president, Global Product Creation.
Spanx Sold To Blackstone
Spanx Inc. announced a definitive agreement for a majority investment from funds managed by Blackstone, the global investment business. The firm has agreed to buy a majority stake in the women’s shapewear company at a valuation of $1.2 billion, with founder Sara Blakely maintaining a significant equity stake in the business.
GSM Outdoors Acquires Gary Yamamoto Custom Baits
GSM Outdoors completed the acquisition of Gary Yamamoto Custom Baits. GSM Outdoors said the acquisition represents the company’s first step into the fishing segment.
Allbirds Opens Store In Denver
Allbirds opened a retail store and community center in Cherry Creek. It is the brand’s first store in Denver and 34th globally, with locations across North America, Asia and Europe.
Tilly’s Appoints Board Members
Tilly’s, Inc. announced the appointment of Teresa L. Aragones and Erin M. Chin to its Board of Directors.
Montane Hires Country Manager For The U.S.
British outdoor clothing brand Montane has appointed industry veteran Mike Downing of Boulder, CO as manager for its U.S. business.
Mountain Hardwear Retains Upper Midwest Sales Agency
Mountain Hardwear appointed Adams Outdoor Sales in the Upper Midwest as its newest regional sales representation.
Pelican Products To Be Sold To Different PE Firm
Platinum Equity said it plans to acquire Pelican Products, the supplier of protective cases, portable lighting systems and outdoor consumer products, from Behrman Capital.
Crocs’ Q3 Blows Past Analyst Estimates On 73 Percent Revenue Gain
Crocs, Inc. reported sales surged 73.0 percent in the third quarter, led by a 94.5 percent gain in the Americas region. Earnings more than doubled. Crocs said it now expects sales growth in the range of 62 percent and 65 percent in 2021 and exceed 20 percent in 2022.
