October 20, 2021 Adobe Forecasts a 10% Gain in Online Holiday Sales
Adobe projects online spend to hit $207 billion in the Nov.-Dec. Holiday season this year, the midpoint of a wide year-over-year gain window of +5% ($198 bb) to +15% ($216 bb) that depend on Covid cases, shutdowns and macroeconomic factors. Super Retail Group Hit by Aussie Lockdowns
Lockdowns and forced store closures due to Covid flare-ups sent comps plunging double digits at SRG’s Rebel sporting goods banner and BCF and Macpac outdoor chains in the 16 weeks ended Oct. 16. 361 Degrees Returns to Growth in Third Quarter
The Chinese apparel and sneaker company reported that retail sales of 361º core branded products increased low teens in the third quarter, lapping a high-single-digit decline in Q3 last year. Pelican Products Sold to PE Firm
The Torrance, CA-based protective case maker has been sold by Behrman Capital to another private equity firm, Platinum Equity for undisclosed terms. Work Sharp Parent Wins Suit over Ebay Knockoffs
Darex, LLC, which owns the Work Sharp and Drill Doctor tool sharpener brands, prevailed in a trademark infringement suit in Portland, OR, federal court against 67 Hardware, Inc. over its Ebay sales of unauthorized sharpener reproductions. Smith & Wesson Recalls M&P12 Shotguns
SWBI is recalling all M&P12 model shotguns manufactured prior to Oct. 15, 2021, because it has received two field reports of cracked barrels. Etcetera: REI, Pajar, NOCSAE, Montane, Mountain Hardwear, Norrona
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