LaserMax, the division of Velocity Outdoor, announced that Dunkin Lewis has been named the manufacturer’s representative within the U.S.
Author: SGB Media
Kestrel Ballistics Parent Company Acquires Magnetospeed
Nielsen-Kellerman, Inc. (NK) announced the acquisition of the assets of MagnetoSpeed, LLC, the manufacturer of shooting accessories for the competition, hunting, recreational and military markets. MagnetoSpeed joins Kestrel Ballistics as part of the Ballistics Division.
Olin Announces Redemption Of Senior Notes
Olin Corporation announced that it has notified bondholders that it intends to redeem all of the $120 million of its outstanding 9.75 percent senior notes due October 15, 2023.
VF Corp.’s Debt Downgraded By S&P On Supreme Acquisition
S&P Global Ratings lowered its issue-level ratings on VF’s unsecured debt due to the debt being taken on from its pending acquisition of Supreme.
Vail Resorts Debt Ratings Placed On CreditWatch Negative By S&P
S&P Global Ratings has lowered its base-case revenue and EBITDA assumptions for Vail Resorts as it expects consumer concerns related to COVID-19, potential additional restrictions on travel and indoor activities, and limited ski resort capacity t likely impair Vail’s’ revenue in fiscal 2021 (ending July). Additionally, S&P noted that Vail plans to issue $500 million in unrated convertible senior unsecured notes due 2026 to enhance liquidity amid the ongoing pandemic.
Xero Shoes Secures Investment
TZP Group announced a strategic investment and partnership with Feel The World, Inc., dba Xero Shoes.
American Outdoor Brands Q2 Sales Soar
American Outdoor Brands Inc. reported sales were $79.1 million in the second quarter ended October 31, an increase of 65.7 percent over net sales of $47.7 million for the comparable quarter last year, driven primarily by increases in both e-commerce and traditional sales channels.
Apex Global Brands Sees 17 Percent Drop In Q3 Revenues
Apex Global Brands, which counts Hi-Tec, Cherokee and Tony Hawk among its lifestyle brands, reported revenues fell 17 percent in the third quarter ended October 31 although it was able to slightly narrow its loss in the period. The company secured an extension on a forbearance agreement from its lenders.
DestiMetrics Data Shows Strong Daily Rates Driving Winter Revenue At Southeast Destinations
Despite the twin challenges of a worsening global pandemic and negative economic indicators, all six winter months are posting rate increases from September through February at participating Southeast resort destinations, according to data released by DestiMetrics.
FDRA Adds Board Members
FDRA has added a new slate of top footwear executives to its board of directors as part of its assumption of, and effort to reinvigorate, the Fashion Footwear Association of New York (FFANY).
JD Sports Acquires Shoe Palace
JD Sports said it has acquired Shoe Palace for $325 million in a move that will expand its footprint on the West Coast. The U.K.’s largest sneaker chain marked its entry in the U.S. with the acquisition of Finish Line in 2018.
Sports Marketing Surveys Introduces New Dashboard For Participation Data
Sports Marketing Surveys (SMS) plans to offer a new interactive dashboard tool to enhance its 2020 US sports participation data, produced on behalf of the Sports and Fitness Industry Association (SFIA).
Dan Arment Re-Elected SFIA Chairman
The Sports & Fitness Industry Association (SFIA) reappointed Dan Arment, president and CEO of Riddell & BRG Sports, as chairman for a second one-year term. Jake Griffith, general manager for Sports, Fitness & Outdoors; Walmart, and April Lane, director and general manager of Sports & Outdoor; Amazon, join SFIA’s board.
YKK Fights Viruses With New Line Of Zippers Treated With Polygiene ViralOff
As consumers search for products to safeguard against pathogens, apparel brands are beginning to incorporate antiviral and antimicrobial fabrics into their designs. To help address this, YKK has developed a line of zippers with the tape treated with ViralOff, a technology patented by the Swedish company Polygiene. ViralOff is an antimicrobial finish that eliminates 99 […]
Walmart Joins PeopleForBikes Coalition
The PeopleForBikes Coalition announced that Walmart signed on as one of its newest members. Daniel Trujillo, Walmart’s executive vice president and global chief ethics & compliance officer, has been appointed to the Coalition’s board of directors. “It is perfect timing for Walmart to join the Coalition, and I am honored to be a member of […]
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