Peak Resorts Inc. on Friday announced that the company’s shareholders, at a special meeting held earlier in the day, approved the merger agreement for the acquisition of the company by Vail Resorts Inc. (Read More)
The U.S. outdoor recreation economy accounted for 2.2 percent ($427.2 billion) of current-dollar GDP in 2017 and grew faster than the overall U.S. economy, according to statistics released Friday by the Bureau of Economic Analysis. (Read More)
Top headlines from across the active lifestyle industry featured in SGB for the Week of September 16, 2019. (Read More)
Gymshark, the U.K.-based fitness apparel start-up, has set up North American headquarters in downtown Denver, according to the Denver Business Journal. (Read More)
Colt Manufacturing Co. said it is suspending production of military-style weapons for civilian use, including the popular AR-15. In a statement Thursday, Colt's president and CEO Dennis Veilleux attributed the company's shift to changes in consumer demand and a market already saturated with similar weapons. (Read More)
Nike Inc. on Thursday announced details on “Move to Zero,” the company’s journey toward zero carbon and zero waste, which has a singular aim: Help protect the future of sport. (Read More)
Shoe Carnival Inc. on Wednesday announced several executive appointments to support its ongoing customer-centric business transformation and to create a management structure aligned with the company’s long-term strategic plan. (Read More)
Ross Dress for Less will open a new store in Pottstown, PA, on October 12. With this new opening, Ross will operate 48 stores in Pennsylvania and a total of 1,537 locations. (Read More)
SportsEngine Inc., an NBC Sports Group company and provider of sport relationship management software, announced Wednesday that it has formed a partnership with the National Fitness Foundation (NFF) in support of its mission to expand youth sports and fitness programs across America. (Read More)
Nike Inc. is the latest sporting goods brand to end its endorsement deal with Antonio Brown, according to a Thursday report in the Boston Globe. (Read More)
Commercial fitness equipment maker Life Fitness and Saudi Arabia-based fitness company Armah Sports Co. on Thursday announced they have entered into an exclusive, multi-year agreement whereby Life Fitness will fulfill all the equipment needs of the company’s 50 new smart sports clubs planned for roll-out in Saudi Arabia over the next five years. (Read More)
Jackson Hole, WY-based outdoor apparel brand Stio has added 27 new full-time and part-time staff this year, bringing the company’s total employee count to 80. Stio also opened a second office in nearby Wilson, WY. (Read More)
Delta Apparel Inc. on Thursday announced the opening of its Salt Life brand’s newest brick-and-mortar retail location in Orlando, FL. (Read More)
Boardriders, Inc., the owner of action sports brands including Quiksilver, Billabong, ROXY, DC Shoes, RVCA and Element, announced that it is launching a multi-year growth agenda by investing in a range of strategic initiatives across seven major pillars, fueled by its substantial progress in integrating the Billabong acquisition onto the Boardriders platform. In parallel, the company is also repositioning a number of key executives. (Read More)
Herb Philipson's, failing to find a buyer in a bankruptcy auction, is liquidating its remaining three stores in Central New York. (Read More)
Outdoor retailer L.L.Bean on Wednesday announced the opening date of October 18 for its new retail store in Hadley, MA. (Read More)
Apex Global Brands, formerly Cherokee Global Brands, said it added a number of new licenses and product categories to support its brand portfolio that includes Tony Hawk, Hi-Tec and Everyday California in the second quarter while also reducing costs. Revenue guidance for the year, however, was lowered due to softness in U.S. retail and the impact of Brexit. (Read More)
Argonne Capital Group LLC on Wednesday announced that its portfolio company, National Fitness Partners, entered into a definitive agreement to acquire 12 Planet Fitness clubs operating in the Triad North Carolina area—Winston-Salem, Greensboro and High Point—from GNT Triad LLC. (Read More)
Ross Dress for Less will open a new store in Winston-Salem, NC, on October 12. With this new opening, Ross will operate 46 stores in North Carolina and a total of 1,536 locations. (Read More)
Adams Arms on Wednesday announced that Jason East has been promoted to the role of president. (Read More)