Amid volatile stock market conditions, Yeti’s initial public offering was priced at $18, below its projected range of $19 to $21. Yeti sold 16 million shares in the offering, down from 20 million initially planned.
Berkshire Partners is exploring a sale of Implus, the parent of Sof Sole, Balega, SKLZ, Triggerpoint and a number of other brands in the accessories space, the Wall Street Journal reported.
Prevent Biometrics, the Cleveland Clinic spinoff that has developed a real-time system for monitoring head impacts in contact sports, acquired the head impact monitoring assets of Seattle-based X2 Biosystems.
Perry Ellis International was sold to an entity controlled by founder George Feldenkreis in a $437 million transaction..
Hayes Performance Systems acquired Reynolds Cycling, maker of premium carbon wheels.
All three defendants in the college hoops corruption trial, Adidas executive James Gatto, former Adidas consultant Merl Code and former sports agent Christian Dawkins, were found guilty by a federal jury.
Brooks Running Co., owned by Berkshire Hathaway, announced record global growth as the company closed out the third quarter of the company’s fiscal year. Year to date, the brand reported a 29 percent increase in global revenue driven by a 32 percent increase in global footwear sales.
Thule Group’s sales for the third quarter amounted to SEK 1.56 billion, corresponding to a year-over-year increase of 12.7 percent. Adjusted for exchange rate fluctuations, sales rose 3.8 percent.
Boot Barn Holdings reported net income for the fiscal second quarter ended September 29 of $4.5 million, or 16 cents per share, compared to $1.1 million, or 4 cents, a year ago. This beat Wall Street estimates by 3 cents.
Li-Ning Company Limited said same-store sales for the third quarter ended September 30 registered a low-teens increase on a year-on-year basis.
Luxottica Group, the parent of Oakley, Ray-Ban and Sunglass Hut, reported net sales in the third quarter of 2018 were up 3.5 percent at constant exchange rates thanks to the strong performance of the Retail division and e-commerce platforms as well as solid growth in Europe, North America and Asia-Pacific.
Technogym reported a 6.7 percent consolidated revenues increase compared to the first nine months of 2017. Sales were up 10.1 percent at constant exchange rates.
Amer Sports, the parent of Arc’teryx, Salomon and Wilson Sporting Goods, promoted Megan Porteous to digital marketing director, Americas.
Gazelle Bikes, the 125-year-old Dutch brand, hired Jim Mercier as Eastern regional sales manager.
Outdoor Research hired Andy Burke as head of commercial sales and Dan Petersen as senior manager of corporate sales.
Burton’s current president, John Lacy, will now share the CEO role with Burton’s co-owner and current CEOs Donna Carpenter.
VF Corp.’s chairman, president and CEO Steve Rendle has been recognized by Corporate Responsibility (CR) Magazine as a Responsible CEO of the Year.
James “JC” Curleigh, formerly head of Keen and of Salomon Sports N.A., has been appointed CEO of Gibson Brands, the famed maker of guitars.
Pentland Brands Limited announced the appointment of Katrina Nurse as the company’s new chief finance officer.
Assos of Switzerland announced the appointment of Derek Bouchard-Hall as the next CEO of the iconic cycling brand. Phil Duff, current chairman and CEO of Assos of Switzerland, will be stepping down as CEO but maintaining his role as chairman of the board.
Columbia Sportswear added Sabrina Simmons, former CFO of Gap Inc., to the company’s board.
Timberland appointed Christopher Raeburn to serve as global creative director for the brand.
New Balance signed high school basketball standout Darius Bazley from Cincinnati to an endorsement deal,
Nike signed the company’s first ever endorsement deal with an esports athlete, Chinese League of Legends player Jian ‘Uzi’ Zihao.
Fila signed a lifetime deal with Grant Hill.
Asics announced a multi-year sponsorship deal with Spanish football star Andrés Iniesta.
Q4 Sports, the Los Angeles-based sneaker brand. signed Marreese Speights to an endorsement deal.
New Era added Donovan Mitchell of the Utah Jazz and Jayson Tatum of the Boston Celtics as ambassadors.
Foot Locker, in partnership with Nike, will be opening mobile House Of Hoops pop-up shops that will periodically open near NBA arenas during the season. The retailer also released “The Hunt” augmented-reality feature on the Foot Locker app that will enable sneaker heads to go on scavenger hunts to find Nike exclusives.
About 10,000 Electric Skateboards from Yvolve Sports are being recalled.
An easy-to-use, extremely detailed database to help sports and fitness companies keep in compliance with national and local laws has been launched by the World Federation of the Sporting Goods Industry (WFSGI) with the support of the Sports & Fitness Industry Association (SFIA).
Fabletics became the official activewear partner for Varsity Spirit and will open a series of pop-up shops, custom collections and active lifestyle experiences at championship events nationwide.
Keen opened a product distribution center, which the company is calling a “Fan Engagement Center,” in Shepherdsville, KY.
Peak Resorts reported that through October 19, pre-season sales of the company’s 2018/2019 Peak Pass increased 19 percent on a unit basis and 22 percent on a revenue basis, compared to the prior year.
As of Sept. 30, bookings among participating properties for the winter season at destinations across five southeast states were strong, according to Inntopia in the company’s most recent DestiMetrics Monthly Market Briefing.
For the fourth year in a row, on Thanksgiving day and Black Friday, REI will close all 153 stores, process no online payments and pay more than 12,000 employees to “Opt Outside” with friends and family.
Photo courtesy Yeti
