The United States Tennis Association (USTA) announced that tennis participation increased by 22 percent in 2020, with 21.64 million people hitting the courts according to recent data from the Physical Activity Council’s Participation (PAC) report. Of the more than 21 million Americans who said they played tennis last year, 6.78 million were new or returning players.
Author: SGB Media

Vista Outdoor Announces Private Offering Of Senior Notes
Vista Outdoor Inc. announced that it has commenced a private offering of $350 million aggregate principal amount of senior notes due 2029.

Adidas Partners With Richmond Athletics
The University of Richmond athletics department and Adidas have announced a five-year strategic partnership. The deal includes a hybrid model featuring ASB Sports as direct vendor.

Dorel Announces Termination Of Going-Private Transaction
Dorel Industries Inc. announced that it has terminated its acquisition by Cerberus Capital Management that would have taken it private. The termination came after at least two shareholder groups had complained Cerberus’ offer significantly undervalued Dorel.

Fitness Industry Council Of Canada Asks Federal Government To Make Physical Activity Tax Deductible
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Expresso Fitness Appoints Chief Executive Officer
Expresso Fitness named Jeff Veldhuizen as CEO. Veldhuizen, who served as vice president of direct-to-consumer for Zwift and held senior roles for more than a decade at Nike.

Topgolf To Open New Venue In Colorado Springs
Topgolf Entertainment Group reached a mutual agreement with the developer of Polaris Pointe to complete construction and assume operations of a new Topgolf venue in Colorado Springs.

FTC Seeks Info About Bass Pro, Sportsman’s Warehouse Deal
The Federal Trade Commission has requested more information about plans from the owner of Bass Pro Shops to purchase Sportsman’s Warehouse.

Survey Finds Pandemic Plunges Low Income Youth Participation Rates
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Le Bent Welcomes Johnny West Global Team
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NPD Reports: Golf, Racquet Sports And Basketball Equipment Sales Soar In 2020
Golf equipment, the largest sports equipment category, grew sales by nearly 40 percent in 2020, according to The NPD Group, while racquet sports equipment grew by more than a third and basketball hoop systems and balls improved by nearly 25 percent.

Hibbett Sports Opens Stores In Colonial Heights And Vallejo
Hibbett Sports has opened stores in Colonial Heights in Virginia and Vallejo in Northern California.

Lodging At Southeast Destinations Continuing Strong This Winter
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Asics Sees North America Revenues Fall 12 Percent In Q4
Asics reported sales in its North American region fell 11.9 percent in the fourth quarter and were down 17.2 percent in the year, but forecast a return to double-digit growth in 2021.

Kathmandu First-Half Results Driven By Rip Curl
Kathmandu Group saw sales spike 12 percent during the first half of FY21 ended January 31, largely a the strong performance by Rip Curl.