Kathmandu, the outdoor retailer primarily active in New Zealand and Australia, agreed to acquire Oboz Footwear, based in Bozeman, MO, for a base cash consideration of U.S. $60 million and earn-out of up to U.S. $15 million.
Four of activist hedge fund Starboard Value LP’s nominees to Newell Brands Inc’s board of directors withdrew their nominations, a day after the company maker gave billionaire investor Carl Icahn four board seats.
In an op-ed in the Washington Post, Ed Stack, CEO of Dick’s Sporting Goods, urged Congress to pass stricter gun laws.
Endura, the cycling apparel brand and Movistar Team clothing partner, has been acquired by Pentland Brands.
VF Corp. entered into a definitive agreement to sell the Nautica brand business to Authentic Brands Group (ABG) LLC.
La Jolla Group (LJG) announced a number of management changes as part of a move to consolidate business units and align leadership to support O’Neill. Josh Wellington becomes president, Kari Johnson became chief creative officer and Michael Pratt is CFO and SVP strategy. Steve Ward, GM men’s and Cristy Abella, CFO, left.
Dorel Industries Inc. recorded a charge of $3.8 million tied to the liquidation of Toys “R” Us.
New Balance was awarded a $17.3 million contract from the Department of Defense (DOD) to provide American-made New Balance athletic shoes to initial entry service members upon arrival at basic training.
Li Ning reported earnings from continuing operations nearly doubled in 2017 on an 11-percent revenue gain.
G-III Apparel Group Ltd. reported sales for the fourth quarter ended January 31, 2018 jumped 18.5 percent to $715 million.
Brown Gibbons Lang & Company (BGL) sold KanJam, LLC to Wild Sales, LLC (d/b/a Wild Sports).
USA Basketball and the National Basketball Association (NBA) announced a set of guidelines for youth basketball designed to enhance helping beginning players learn the fundamentals of the game. They include smaller basketballs, lower rims, no zone defense and no three-point scoring for players 11 years old and younger.
Early figures from the 2018 edition of the NSGA’s Sports Participation Report showed continued participation gains in Open Water Sports and Outdoor Activities while declines were suffered in Team Sports, Fitness Activities, Shooting Sports and Indoor Games.
Health clubs attracted more than 70 million consumers in 2017, a record high since IHRSA began tracking health club consumer statistics in 1987.
Worldwide shipments of wearable devices are on track to grow 15.1 percent in 2018 and deliver a compound annual growth rate (CAGR) of 13.4 percent over the next five years, according to the International Data Corporation (IDC) Worldwide Quarterly Wearable Device Tracker.
Fred Meyer, the superstore chain owned by Kroger, plans to exit the sale of guns and ammunition at its 132 locations.
Uncharted Supply Co., makers of full-package emergency preparedness systems, named Brad Drennan as director of consumer experience.
Granite Gear, the backpack manufacturer, announced the resignation of its senior director of design and development, Mike Meyer.
Fila partnered again with Hall of Famer Bjӧrn Borg as a brand ambassador.
Crocs brought back Drew Barrymore for the second year of its “Come As You Are” marketing campaign.
Brooks Running Company will sponsor two Special Olympics athletes, Andy Bryant and Colleen Bryant.
Stadium Goods, the New York City-based sneaker consignment giant, will open a in-store shop inside Nordstrom’s new Manhattan men’s store.
L.L. Bean will open its first Boston store in April
Champs Sports, a division of Foot Locker Inc., celebrated the opening of its New York flagship location in Times Square.
Gander Outdoors, formerly known as Gander Mountain, has opened locations in Chambersburg, PA;, Forest Lake, MN; Fayetteville, NC; Traverse City, MI and Amarillo, TX.
Photo courtesy Coleman
