Escalade Inc.’s profits doubled in the fourth quarter as sales jumped 58.9 percent. For the year, sales ran up 51.6 percent.
Author: SGB Media
Camping World Holdings To Acquire Flagg RV In New England
Camping World Holdings Inc. announced that an agreement has been signed to acquire the two dealership locations of Flagg RV in Uxbridge, MA and West Boylston, MA, and additional land in Griswold, CT for a planned future location.
SportChek’s Q4 Comps Decline 3 Percent
Canadian Tire Corp. reported comparable sales growth in the SportChek segment declined 3 percent in the fourth quarter due to reduced promotional activity, temporary store closures and COVID-19 restrictions.
Sturm, Ruger’s Q4 Sales Climb 61 Percent
Sturm, Ruger & Company, Inc. reported earnings rose nearly four-fold in the fourth quarter on a 61.1 percent revenue gain.
Gore Wear Shifts From Dealer Direct To QBP Distribution In North America
Gore Wear said it is taking a new approach to wholesale distribution in North America and will focus its product portfolio more on cycling apparel. Gore said it will focus on sales to a few key retailers and rely on Quality Bicycle Products for distribution to the IBD channel.
Sapphire Sport Welcomes Latest Partner
Sapphire Sport announced that Chloe Steinberg, formerly at Equinox Group, has joined as the team’s newest partner. Steinberg joins Doug Higgins and Michael Spirito at the venture capital platform focused on early-stage technology companies.
Kohl’s Appoints Board Member
Kohl’s Corporation announced that Robbin Mitchell has joined its Board of Directors as an independent director. She is a member of the Fashion & Luxury leadership team at the Boston Consulting Group.
Therabody Raises Strategic Investment
Therabody, formerly Theragun, said it raised an undisclosed amount of equity. The round includes investments from Shawn Carter (Jay-Z), Jay Brown, and Larry Marcus’ Marcy Venture Partners, Aaron Rodgers’ growth equity fund Rx3 Growth Partners, TRUE Capital Management, James Harden’s 13 Endeavors, Kevin Durant and Rich Kleiman’s Thirty Five Ventures, and Kevin Hart’s Hartbeat Ventures.
Foot Locker Announces 2021 Capital Allocation Plans
Foot Locker, Inc. announced that its Board of Directors authorized two capital allocation initiatives, which provide for both elevated investments in the organic growth of its business and an increase in its dividend. The Board of Directors approved a $275 million capital expenditures program for 2021, compared to the approximately $155 million spent in 2020.
January Retail Sales Jump 7.4 Percent On Stimulus Benefit
Retail sales grew sharply in January as government stimulus checks provided a boost and momentum from 2020’s record holiday season carried over into the new year, the National Retail Federation said. Overall sales were up 7.4 percent seasonally adjusted year-over-year with sporting goods stores up 8 percent.
GOA Retailers See Second-Half Bounce Back In 2020
Grassroots Outdoor Alliance (GOA) reported that with double-digit growth across the group in December, GOA retailers finished the 2020 calendar year down 0.34 percent compared to 2019. From June 2020 through January 2021, GOA retailers nationwide were up 10.8 percent.
Saucony Launches Guide 14
Saucony introduces the Guide 14, a streamlined update to the brand’s stability shoe. The Guide 14 provides comfort and support stability-seeking runners need but with less bulk, resulting in a lighter weight shoe. PWRRUN foam offers responsiveness with a soft underfoot feel for a light, springy ride. The FORMFIT upper and an enhanced heel fit […]
Saucony Releases The Kinvara 12
Saucony announces the launch of the Kinvara 12, the latest iteration of its running shoe franchise. Featuring the brand’s PWRRUN cushion technology, updated geometry and simplified upper, the Kinvara 12 is featherlight and fast. “With an almost cult-like following, the Kinvara remains our trusted go-fast running shoe,” said Shawn Hoy, senior vice president, global product […]
Pearl Izumi Pedals Into Spring 2021 With New Styles And Commitment To Sustainability
Pearl Izumi debuts its Spring 2021 collection, featuring a range of new and revamped styles and key technologies designed for riders across all categories. The collection furthers the brand’s sustainability commitment to incorporate recycled, renewable and organic materials in its line and to feature sustainable content across 90 percent of its product by 2022; and […]
OxeFit Appoints New Board Members
OxeFit announced the appointment of Hassan M. Ahmed, Ph.D., to its Board of Directors and Professional Rock Climber Nick Sagar to its Technical Advisory Board.
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal