American Pacific Group (APG), a San Francisco Bay Area-based private equity firm, announced that its Fund I has made an investment in Gym Launch and Prestige Labs.
Month: January 2022
MacNeill Pride Group Continues Transformation; Rebrands As Gathr Outdoors
MacNeill Pride Group (MPG) is rebranding to Gathr Outdoors to better reflect its mission and the industries within which it operates following its acquisitions of ORCA, GCI Outdoor, Klymit and Rightline Gear. Gathr Outdoors is a portfolio company of Centre Partners.
VF Corp. Appoints Global Brand President, The North Face
VF Corp. announced that it has appointed Nicole Otto as global brand president, The North Face. Otto joins VF following a 16-year career at Nike and will succeed Steve Murray who is retiring and returning to the UK. The leadership transition will be effective on June 2022.
Tilly’s Delivers 16.5 Percent Holiday Sales Gain
Tilly’s Inc. reported sales for the nine-week period ended January 1 grew 16.5 percent and said it expects to report its most profitable fourth quarter since becoming a public company.
Topspin Consumer Partners Invests In Mission
Topspin Consumer Partners, a private equity firm focused on the consumer sector, announced that it has made a growth investment in Mission, which specializes in cooling solutions used in sports, outdoor and jobsite applications.
Zumiez Sees Holiday Sales Expand 9.0 Percent
Zumiez Inc. announced that the company’s total net sales increased 9.0 percent for the nine-week period ended January 1, 2022 compared to the nine-week period ended January 2, 2021. During the same period comparable sales increased 6.0 percent.
Duluth Trading Announces Strong Holiday Results
Duluth Holdings Inc., the parent of Duluth Trading, reported sales in the nine-week period from November 1, 2021 through January 2, 2022 grew 6.4 percent year over year and 5.4 percent when compared to the same period in 2019.
Rothy’s Appoints VP Of Retail
Rothy’s appointed Mo Vachon as its first vice president of retail.
BPI Outdoors Appoints CEO
BPI Outdoors announced the hiring of Scot Fischer as its new CEO.
Dick’s SG Receives Baa3 Rating On New Debt Issue
Moody’s Investors Service assigned a Baa3 senior unsecured rating to Dick’s Sporting Goods, Inc. proposed $1 billion unsecured notes. The proceeds will be used to repay the company’s $575 million convertible debt, add cash to the balance sheet and for general corporate purposes.
BSN Sports Acquires Fort Wayne Team Dealer
BSN Sports, a division of Varsity Brands, announced that it has acquired SportsCenter Inc. based in Fort Wayne, IN.
Journey’s Holiday Sales Boosted By Casual Shift
Journeys’ sales in the fourth quarter through December 25 grew a better-than-expected 8 percent against the 2020 period and 3 percent against the 2019 period. At ICR Conference 2022, Mimi Vaughn, president and CEO of Genesco, Journey’s parent, said a strong casual trend offsets severe inventory challenges.
Active Lifestyle Market 2022 Vision … Part Three
The Editors from SGB Executive present the third and final installment of our annual outlook survey exploring what leaders in the active lifestyle market are projecting for 2022. Comments from PGA Tour Superstore, Academy Sports, Asics, Lowa, SFIA, Implus, OrderMyGear, Certor Sports, Grassroots Outdoor Alliance, and more.
Lululemon Lowers Q4 Outlook Due To Omicron
Lululemon Athletica, Inc. said it expects sales and earnings from the holiday quarter to come in near the low end of its previous forecasts amid renewed COVID-19 challenges.
Crocs Debt Downgraded Following Hey Dude Acquisition
Moody’s Investors Service downgraded Crocs, Inc.’s senior unsecured notes rating to B2 from B1 due to debt taken on from its acquisition of Hey Dude.
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