Escalade Inc. posted quarterly revenue of $59.2 million in the first quarter ended March 20, an increase of 58.7 percent over the prior year, and a record for its first fiscal quarter, representing its fifth consecutive quarter of record sales.
Month: April 2021
Perry Ellis Announces Extension and Expansion Of PGA Tour Apparel Licensing Partnership
The PGA Tour and the golf division of Perry Ellis International (PEI Golf) announced it had extended its apparel partnership.
Addaday Builds Out Executive Team
Addaday announced the appointment of four strategic hires to help position the brand for its continued global growth. The hires include Luke Rowe as chief operations officer and Jeff Irvin as head of sales.
GOA Members See Robust Recovery
Grassroots Outdoor Alliance (GOA) reported robust year-to-year retail sales gains in its March membership update last week. The group is up 8 percent on a rolling 12-month basis, with Q1 2021 reported figures showing a 34 percent increase over Q1 2020, according to the group.
Major League Soccer Secures Top Corporate Sponsor With Procter & Gamble
Major League Soccer announced a big corporate sponsorship deal with Procter & Gamble, a move that could help the league recover from some of its COVID-19 losses.
WSL Confirms Quiksilver’s Sponsorship Of The Corona Open Mexico
Quiksilver announced that it will be the presenting sponsor for the men’s and women’s Championship Tour, event the Corona Open Mexico, presented by Quiksilver, scheduled for July 2021.
TeamSnap Partners With Waud Capital to Accelerate Expansion
Waud Capital Partners announced the completion of a strategic partnership with TeamSnap, a sports technology platform providing team, club and league management software.
Nobull Secures Equity Partner
Nobull, which earlier this year replaced Reebok as CrossFit’s sponsor, has secured an investment from Exeter Capital, a Boston-based private equity firm.
Play It Again Sports’ Parent Sees Strong Q1 Profits
Winmark Corporation, the parent of Play It Again Sports, reported net income for the first quarter ended March 27, 2021 of $9.31 million, or $2.40 per share, compared to net income of $7.32 million, or $1.87, a year ago.
Kohl’s Reaches Settlement With Activist Investors
Kohl’s reached an agreement with Activist Investors Macellum Advisors, Ancora Holdings, Legion Partners Asset Management, and 4010 Capital. As part of the agreement, former Lululemon CEO Christine Day will join Kohl’s Board of Directors and two members selected by the Activist Investor Group.
JD Sports’ U.S. Business Outperforms In 2020
JD Sports Fashion, Britain’s biggest sportswear retailer, predicted profits would rebound more strongly than expected in 2021 as stores reopen after lockdown and its aggressive expansion in the U.S. shows early signs of paying off.
Remington Ammunition Reopens Plant In Arkansas
Remington Ammunition, acquired by Vista Outdoor out of bankruptcy proceedings last year, announced a reboot of its Lonoke, Arkansas facility.
L Catterton To Acquire West Marine
L Catterton, the private equity firm, announced that it has entered into a definitive agreement under which L Catterton will acquire a controlling interest in West Marine, the nation’s leading retailer in the marine aftermarket, from Monomoy Capital Partners.
Tempo Raises $220M In New Capital
Tempo announced $220 million in new funding. The Series C round was led by SoftBank Vision Fund 2 with participation from new investor Steadfast Capital Ventures and returning investors DCM, General Catalyst, Norwest Venture Partners, and Bling Capital, bringing its funding to nearly $300 million.
REI’s Sales Slide 12 Percent In 2020
REI Co-op reported sales fell 11.9 percent in 2020 as the Co-Op managed through the challenges presented by the pandemic. REI also reported no profits in 2020 but ended the year in a strong cash position and debt-free, after investing millions in its impact work to combat climate change, address racial equity and support its network of nonprofit partners. REI also launched its Cooperative Action initiative.
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