Chattanooga Shooting Supplies said Bill Sumner has been promoted from director of sales to VP, general manager of the Wholesale division, a new position, reporting to the CEO.
Author: SGB Media
JCPenney Receives Court Approval For Sale
J. C. Penney Company Inc. announced that the U.S. Bankruptcy Court for the Southern District of Texas has approved the previously announced asset purchase agreement (APA) with Brookfield Asset Management, Inc., Simon Property Group and the company’s DIP and First Lien Lenders
Descente’s Revenues Slump 35 Percent In Six Months
Descente Ltd. reported a loss in the fiscal six months ended September 30 as sales were down 34.9 percent in the six months.
Rural Cloth, CMC Brands Announce Strategic Partnership
Rural Cloth and CMC Brands announced a joint partnership leveraging strategic operational efficiencies to spur further growth of both organizations.
Adidas Records Strong Recovery In Third Quarter
Adidas reported sales and profitability recovered in the third quarter as stores reopened, alongside booming e-commerce sales. Adidas no longer expects a return to growth in the fourth quarter due to a worsening of the pandemic in many regions but sees a modest profit.
Imports Set New ‘Peak Season’ Record As Retailers Prepare For Holidays
Imports likely saw their busiest “peak season” on record this summer and fall as retailers replenished inventories and stocked up for the holiday season, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Christy Sports Acquires Double Diamond Ski Shop
Christy Sports announced that it has acquired Double Diamond Ski and Bike Shop, a specialty ski and snowboard retail and rental operator located at Vail, CO.
Stocks Rally On Pfizer Vaccine News
The broader stock market soared on Monday after drugmaker Pfizer said that an early look at data from its coronavirus vaccine shows it’s more than 90 percent effective. However, the majority of stocks in the active lifestyle space that have thrived amid the pandemic, including Peloton, saw sharp declines.
Callaway Golf Q3 Sales Climb 12 Percent
Callaway Golf Company reported net earnings in the third quarter ended September 30 rose 69 percent as sales grew 12 percent. The gains were driven by a 27 percent hike in golf equipment.
Clarus’ Q3 Revenues Expand 7 Percent
Clarus Corp. reported sales grew 7 percent in the third quarter and predicted its fourth-quarter sales would climb in the range of 11 percent to 13 percent. Black Diamond sales dropped 8 percent while Sierra Bullet’s sales soared 135 percent.
Nautilus’ Q3 Revenues Skyrocket 152 Percent
Nautilus Inc. reported third-quarter profits well above Wall Street’s consensus targets as sales grew 152 percent. Direct Segment sales grew up 277.8 percent while Retail Segment sales were up 107.8 percent.
Real Avid Announces Recapitalization
Clearview Capital Fund IV, L.P. and its affiliates (Fund IV) announced the recapitalization, in partnership with management, of Revo Brand Group, LLC d/b/a Real Avid. Real Avid will operate in partnership with Vertikal Brands, managed by, former members of the Battenfeld Technologies management team.
RYU Apparel Appoints CFO And Partners With Naked Brands’ Co-Founder
RYU Apparel Inc. said it entered into a consulting relationship with Joel Primus, co-founder of Naked Brands Inc. and hired Alex McAulay as its CFO.
Gym Coalition Urges Congress To Support Relief Efforts
The Community Gyms Coalition, a group representing more than 15,000 community gyms in the U.S., urged Congress to include direct support for the fitness industry in any post-election relief legislation to help gyms impacted financially due to mandatory closures and operating restrictions from COVID-19.
Inside The Call: Acushnet Riding Golf’s Newfound Momentum
Acushnet Holdings Corp. reported third-quarter results that easily exceeded Wall Street’s targets. On a conference call with analysts, David Maher, president and CEO, said Titleist’s Ball Plant III and Ball Plant IV are “operating 24/7” to catch up to demand and will continue to do so in the foreseeable future.
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