EXECUTIVE CHANGES
+++ Unifi has appointed Clorox VP and GM of strategy, acquisitions and new business development, Rhonda Ramlo, to its board of directors
+++ Weyco Group announced that John F. Wittkowske, the company’s SVP, CFO and secretary, will retire effective May 6, 2022, and that he will be succeeded as the company’s CFO and secretary by Judy Anderson, who has been with the company since 1996, most recently as VP finance and treasurer
+++ San Francisco-based software company Strava has hired Lily Yang, formerly chief accounting officer at Pinterest, as CFO +++
TRADE SHOWS & EVENTS
+++ Visitors of Slide & OTS Winter, which opens its doors to the retail trade on Jan. 18-20, 2022, at the Telford International Centre, in Telford, England, are now invited to pre-register online on the show website here
+++ Following the success of this year’s show at its new venue, Exhibition Centre Liverpool, the Outdoor Trade Show (OTS) 2022 will be held at the same venue again from June 7-9, and registration for new exhibitors is now open +++
CORPORATE AND M&A
+++ Texas-based Solo Brands Inc., the parent company of Solo Stove, Chubbies, Oru Kayak and Isle Paddleboard, raised $219.4 million in its initial public offering on the NYSE and had a strong debut on its first day of trading, Oct. 28: the share, offered at $17, initially traded at $22.36 before closing at $17.61 +++
FINANCIAL RESULTS
+++ With a net loss of $9.0 million for the third quarter of 2021, compared to a net loss of $15.3 million for the third quarter of 2020, Emerald Holding, Inc, organizer of several trade shows including Outdoor Retailer and Surf Expo, reported lower losses in the third quarter ended Sept. 30 as the company was able to conduct 32 in-person trade shows, conferences and other events during the period with, according to the company, more than 92,000 attendees and 5,200 exhibiting companies
+++ Wolverine World Wide announced on Nov. 3 that its board of directors has declared a quarterly cash dividend of $0.10 per share of common stock, payable on Feb. 1, 2022, to stockholders of record on Jan. 3, 2022 +++
CSR & SUSTAINABILITY
+++ Stio, the outdoor apparel brand based in Jackson Hole, Wyoming, has launched its new circular economy program, Second Turn, where U.S. customers can trade in used Stio products for cleaning, repair and resale at a reduced price
+++ Polaris Inc. announced a total donation of $120,000 through its T.R.A.I.L.S. grant program to develop and improve off-road trail systems throughout the U.S., which will be awarded to 12 nonprofit off-road and snowmobile organizations in support of trail stewardship and rider education aimed at promoting safe, responsible riding practice
+++ After a thorough environmental, social and governance (ESG) evaluation by rating agency S&P, Adidas received an ESG Profile Score of 79 out of 100, one of the highest scores for any company evaluated globally (ESG evaluation score is 85 including a preparedness ccore of +6, which is rank 6 in the overall S&P Global Rating Universe)
+++ U.S. B Corp apparel brand Tentree has committed to planting one billion trees by 2030 to support 1t.org and the global movement to conserve, restore and grow 1 trillion trees by 2030 +++
PRODUCT & MARKETING
+++ Carlo Centonze, CEO and co-founder of HeiQ, has won the Ernst & Young’s Entrepreneur of the Year 2021 Award
+++ The German Alpine Association (DAV) and Vaude have once again extended their cooperation, which has already existed since 2002 and involves equipping all DAV instructor teams and many volunteers with apparel as well as jointly discussing and solving environmental protection issues
+++ Hoka has collaborated with luxury outdoor apparel brand Moncler to produce a limited edition of its Mafate Speed 2 trail running shoe
+++ Icebreaker has collaborated with Goldwin on a limited-edition collection that includes jackets, pants, tops, and accessories combining “Japanese simplicity and elegance with the natural performance of New Zealand merino in gender-neutral layers and shapes”
+++ Noah Droddy will be representing Salomon road running footwear, gear and apparel as part of the brand’s U.S. athlete team, becoming Salomon’s first elite road running athlete +++
LEGAL & INSTITUTIONAL
+++ The Federation of the European Sporting Goods Industry (FESI) elected Pentland Brands’ Charlotte Cox and Stefan Rosenkranz, managing director of the German sporting goods industry association, BSI, to its board of directors +++
E-COMMERCE & DTC
+++ Bloomberg reports that Nike filed seven requests with the U.S. Patent and Trademark Office seeking to trademark its brands for various “downloadable virtual goods” and related services in the U.S., including headwear, eyewear, bags, backpacks and sports equipment under both the Nike and Jordan brands
+++ With a new marketplace integrated into its online store, Decathlon Germany is expanding its product portfolio to include more well-known, innovative and sustainable brands, increasing the product range from 46,000 items and 75 of its own brands to 56,000 products and 200 new brands
+++ Hurr, a U.K.-based peer-to-peer wardrobe rental platform that Forbes once dubbed the ”Airbnb of fashion,” has launched an autumn/winter apparel collection in partnership with Timberland, marking the VF Corp.-owned brand’s entry into the rental market +++
MARKET STATISTICS
+++ A recent study by Cotswold Outdoor, retailer of tents and accessories, showed that U.K.-wide camping equipment sales increased by 40 percent compared to pre-pandemic figures +++
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