Redcon1, the sports nutrition brand, completed a growth capital investment with Trivest Partners, a PE firm focused on founder/family-owned businesses.
Month: April 2021
Hibbett Sports Opens Store In Jonesboro, GA
Hibbett Sports announced the opening of the newest Hibbett Sports in Jonesboro, GA. The new store is located at 8071 Tara Blvd.
Athleta To Expand To Canada
Athleta will enter Canada with e-commerce launching late this summer and its first two stores opening this fall. The stores will open in the Yorkdale Shopping Center in Toronto and the Park Royal Shopping Centre in West Vancouver.
Nike Downgraded By Citigroup On China Boycott Concerns
Nike’s shares are trading lower on Tuesday after Citigroup reduced its rating and price target amid growing consumer boycotts in China.
McKinsey’s “Future Of Wellness” Survey Identifies Six Wellness Trends Gaining Momentum
McKinsey & Co.’s “Future of Wellness” survey found that 79 percent of worldwide consumers said they believe that wellness is important, and 42 percent consider it a top priority. In fact, consumers in every market showed a substantial increase in the prioritization of wellness over the past two to three years.
LEKI Owner, Waltraud Lenhart, Passes Away
Waltraud Lenhart, owner and managing partner of LEKI, unexpectedly passed away after a short and serious illness. She was 64 years young.
Delta Apparel Announces 12 percent Second Quarter Sales Growth
Delta Apparel expects net sales for its March quarter to be approximately $108 million, a 12 percent increase compared to prior year. The second quarter double-digit sales growth in both the Delta Group and Salt Life Group segment.
Kohl’s Partners With Tommy Hilfiger
Kohl’s announced a new partnership to bring Tommy Hilfiger men’s sportswear to more than 600 stores across the U.S. and an expanded assortment on Kohls.com this fall.
Nike Deal With Kobe Bryant Expires
The estate of Kobe Bryant did not renew the late basketball stars Nike deal this month as negotiations between the two sides fell apart. The news was first reported by Complex and later confirmed by Nike.
Under Armour Downsizes Port Covington Headquarters Plan
Under Armour announced plans to redevelop its waterfront land in South Baltimore’s Port Covington as a global headquarters by 2025. Under Armour described the development as a “reimagine for a post-COVID environment” that will downsize its global corporate and Americas regional functions into one location with a hybrid office/home workplace model.
Adidas To Sponsor Boston Marathon Through 2030
The Boston Athletic Association (B.A.A.) announced that the organization has extended its longstanding official sponsorship with Adidas through 2030. The announcement marks more than 40 years of partnership between the athletic organizations.
Fjällräven Encourages “Plogging” For Earth Day
Since 1960, Fjällräven’s mission is to “inspire the world to walk with nature.” For Earth Day, the company asks consumers to take it “one step further and give back to nature through plogging,” the Swedish word for picking up trash when outdoors. The brand will provide “plogging kits” April 22-25 that includes a trash bag, a pair […]
Amer Sports’ Debt Ratings Outlook Raised On Potential Recovery
Moody’s Investors Service changed to stable from negative the outlook on the debt ratings of Amer Sports Holding on its expectations that sales and earnings will recover this year after both declined in 2020 due to the pandemic.
Three Execs Exit Shopify
Three of Shopify’s top executives are leaving the company — Brittany Forsyth, chief talent officer; Joe Frasca, chief legal officer; and Jean-Michel Lemieux, chief technology officer. All are veterans of the company and expected to exit in June 2021.
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