BRS & Co. said it completed the sale of DTLR Villa LLC to JD Sports Fashion Plc for $495 million. BRS said it expects DTLR “to enjoy great success under JD ownership and to continue on its path to become one of the most successful specialty retailers in the U.S.”
Month: March 2021
Mountain Hardwear Partners With College Outside
College Outside, the primary collegiate sales channel for the outdoor industry, has partnered with Mountain Hardwear.
Kahunaverse Sports Group Becomes ONETeam Sports Group
ONETeam Sports Group, formerly Kahunaverse Sports Group, is consolidating all of its banners (Home Run Sports, SoccerX, and Kahunaverse Sports) operating under one brand. Kahunaverse Sports Group, which was acquired by Greyrock Capital last November, is one of Canada’s largest providers of institutional and team sporting equipment.
The Buckle Hikes Dividend, Promotes General Counsel
The Buckle Inc. announced a 10 percent increase in its quarterly dividend and the appointment of a new vice president, general counsel, and corporate secretary.
Buck Knives Welcomes New President
Buck Knives has appointed Lane Tobiassen as president. Most recently, Tobiassen was president of Smith & Wesson the Firearms Division of American Outdoor Brands.
Report: Peloton Acquires Three Tech Start-Ups
Peloton has acquired three start-ups that will now give it expertise in wearable devices, artificial intelligence (AI), digital voice assistants, and interactive workout mats, according to a report from Bloomberg.
Fila USA’s Sales Improve 25 Percent In Q4
Fila Holdings Corp., based in Korea, reported sales at Fila USA were up 25.2 percent in the fourth quarter but down 19.5 percent for the year.
Gap’s Debt Ratings Outlook Revised To Positive
S&P Global Ratings revised its debt outlook to positive on its belief that its operating performance will recover at a faster pace than previously anticipated, driven by strength at Old Navy and Athleta.
Herff Jones Hires Chief Technology Officer
Herff Jones, a subsidiary of Varsity Brands, appointed Ken Moore as chief technology officer. Moore was formerly at Advance Auto Parts and Staples.
How Did Foot Locker, Bass Pro And REI Connect During The Pandemic?
Foot Locker, Bass Pro and REI all landed among the top-ten retailers on CI&T’s Connected Retail Report. Foot Locker stood out for its ‘fun and engaging” website while Bass Pro and REI ranked high for their overall shopping experience.
Pure Fishing’s Debt Outlook Revised To Stable From Negative
S&P Global Ratings revised its debt outlook on Pure Fishing to stable from negative as the fishing gear manufacturer outperformed S&P’S 2020 base case for revenue, EBITDA, cash flow, and leverage. The rating agency also revised its 2021 revenue and EBITDA expectations upwards because of high expected demand for fishing products at least through the first half of 2021.
Sportradar Acquires Synergy Sports
Sportradar, a provider of sports data intelligence and sport entertainment solutions, entered into a definitive agreement to acquire Synergy Sports, the provider of data and video analytics in the U.S. college and professional sports space.
FitFlop Appoints CEO
FitFlop appointed Gianni Georgiades as CEO. He had been footwear CEO at Lacoste since 2018.
Youngone Outdoor Corporation Secures Deal With Korean Olympic Team
The Korean Sport and Olympic Committee entered into a new agreement with Youngone Outdoor Corporation, which will see Youngone provide the team with sports apparel until the end of 2024. YOC will provide apparel from The North Face.
Keen Creates Open-Source Process For PFC-Free Footwear
Keen Inc. said it had established an open-sourced model for how it creates PFC-free footwear. To support this initiative, Keen issued a challenge to the outdoor footwear industry to be PFC free by 2025.
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