January 13, 2022
Adobe’s final findings for online Holiday spending tallied 9% growth over 2020 to $204.5 billion for the Nov. 1 to Dec. 31 period, with a record 38 days topping the $3 billion mark compared to 25 in the prior year.
Revenues in the final quarter declined 6% to $273.4 million compared to $290.6 million in the 14-week fourth quarter of fiscal 2020, powering the 431-door retailer towards a record year.
The fast-growing auction platform for heritage sneakers and other collectibles, has started working on a public offering with Morgan Stanley and Goldman Sachs, according to Bloomberg, citing sources familiar with the matter.
The Eager Beavertons will link their customer membership data with the Chinese retailer, which operates Nike stores in over 300 cities there and counts about 150 million customers per year.
The outdoor apparel and equipment brand opened 21 doors in the past year, including new locations in the U.S., U.K., Switzerland, Japan and China, growing its retail fleet by 15% to 159 brand stores.
Private equity firm Generation Growth Capital Funder III has acquired Frankenmuth, MI-based archery equipment brand Killer Instinct for undisclosed terms.
Giant Bicycle is recalling about 20,800, 2021 model year Giant Cypress DX, Giant Escape 3 Comfort, Liv Flourish FS 1 and Liv Alight 3 Comfort bicycles, because the adjustable handlebar stem can become loose.