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.
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.
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.
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.
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.
JD Sports Sees “Exceptional Year” For North American Business
JD Sports Fashion Plc, the U.K.-based athletic footwear chain that owns Finish Line, Shoe Palace and DTLR in the U.S., said its North American business “had an exceptional year” in 2020. The gains were boosted by strongly developed online operations by Finish Line amid the pandemic, the benefit of federal stimulus checks and early success with the rollout of the JD chain in the U.S.
New Balance To Sponsor Boston College
New Balance will replace Under Armour as the new footwear and apparel sponsor for Boston College. The 10-year agreement begins on June 1, 2021.
Isbjörn Of Sweden Appoints E-Commerce Manager
Isbjörn of Sweden has appointed Sandra Nielsen as its e-commerce manager. She will join its team at the company headquarters in Stockholm.
Adidas Ranks High For Reputation
Adidas ranked sixth on the 2021 Global RepTrak 100, the highest among companies in the active lifestyle space. Nike was 22 and Under Armor, 45.
Rebel Sport Extends Partnership With Football Australia
Football Australia announced that it has signed an expanded and extended multi-year partnership with Rebel Sport, Australia’s largest sports retailer, to support the growth of women’s and grassroots football across the country.
PGA Tour Superstore Announces Five New Locations
PGA Tour Superstore announced plans to open at least five new stores in 2021. The new locations are slated to open in New York, Texas and Virginia.
Urban Outfitters Announces Personnel Changes And A Sales Update
Urban Outfitters Inc. reported Hillary Super has stepped down as global chief executive officer at Anthropologie Group. She was replaced by Tricia Smith, former head merchant at Tilly’s.
EcoCart Raises $3M In Funding
EcoCart, a climate and sustainability-focused e-commerce enablement startup, announced that it had closed $3 million in seed funding led by Base10 Partners’ Chris Zeoli.
Kohl’s Announces Upsize And Early Tender Results For Cash Tender Offer
Kohl’s Corporation announced the upsize and early tender results for the previously announced cash tender offer for its 9.5 percent Notes due 2025, 4.25 percent Notes due 2025, 4.75 percent Notes due 2023 and 3.25 percent Notes due 2023.
Nike Ranked Most Valuable Apparel Brand For Seventh Consecutive Year
Nike ranked as the world’s most valuable apparel brand for the seventh consecutive year, although its brand value was down 13 percent to US$30.4 billion, according to the Brand Finance Apparel 50 2021 report. Fila was the fastest-growing brand while new entrants Timberland and Converse performed particularly well.
