CHICAGO and CLEVELAND and PHILADELPHIA, May 5, 2016 /PRNewswire/ -- Positive sentiment and forecasted gains in consumer spending provide a solid foundation for continued strength in the consumer market, according to the Consumer Products & Retail Insider, an industry report that can be accessed HERE, released by Brown Gibbons Lang & Company (BGL) www.bglco.com.
The BGL report, now available online, examines developing trends in eCommerce, Home Furnishings, and the Outdoor industry.
- eCommerce is exploding, with digital platforms transforming the retail landscape. U.S. online sales increased 14.6 percent to top $341 billion in 2015—staggering growth compared to the 1.4 percent increase in overall retail sales during the same period. "Smart retailers are recognizing that digital and brick and mortar should not be regarded separately," said Reed Gregerson, president of The ZaneRay Group, a participant in a roundtable survey of eCommerce executives included in the report. In line with rapid channel growth, eCommerce is seeing comparable velocity in the M&A market with an accelerating level of transaction activity. Notable recent deals include zulily (QVC), 1-800-CONTACTS (AEA Investors), and Backcountry (TSG Consumer Partners).
- The Home Furnishings market is exhibiting strength at all levels of the distribution chain. Solid brand performance and brick and mortar sales have been bolstered by increasing eCommerce penetration, particularly with a new generation of home goods shoppers. Sector capital markets activity suggests a bullish investor outlook, underscored by M&A (FFO Home and Hayneedle) and IPO (Wayfair) activity.
- Acquisition activity is gaining momentum in the Outdoor industry as participants look build product portfolios to extend reach into the broader outdoor enthusiast space. "Companies that have a culture of innovation are going to be able to design those products that Millennials and other consumer groups are going to want," said Greg Steil, CEO at The Outdoor Group, LLC (TOG), who was interviewed in the report. "Every one of these brands has a following, but there is room to grow that base." TOG has completed 10 acquisitions in the premium quality archery and hunting equipment niche, including CAMX Crossbows and Lynch Mob Calls announced this March.
About Brown Gibbons Lang & Company
Brown Gibbons Lang is a leading independent investment bank serving the middle market. BGL specializes in mergers and acquisitions advisory services, debt and equity placements, financial restructuring advice, and valuations and fairness opinions, with global industry teams in Business Services, Consumer, Environmental & Energy Services, Healthcare & Life Sciences, Industrials, and Real Estate. BGL has offices in Chicago, Cleveland, and Philadelphia and real estate offices in Chicago, Cleveland, Irvine, and San Antonio, in addition to Global M&A partner offices in more than 50 countries across 5 continents. BGL is able to deliver to our clients unparalleled access to strategic relationships, investors, and opportunities globally. For more information, please visit www.bglco.com.
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SOURCE Brown Gibbons Lang & Company