GSM Outdoors, a portfolio company of Sentinel Capital Partners, L.L.C., has been acquired by Gridiron Capital, LLC. Terms of the transaction were not disclosed.
Author: SGB Media
Brooks Running Sees 49 percent Global Growth In Q3
Brooks Running reported record third-quarter global revenue up 49 percent year-over-year, leading to a 2020 outlook of 27 percent growth. Digital sales, both through brooksrunning.com and retail partners, flexed from less than 35 percent of sales in 2019 to a peak of 82 percent of all sales this past April, and has since stabilized at 42 percent of sales, up 7 points from pre-COVID levels.
Camping World Declares Special Dividend
Camping World Holdings Inc. announced that its Board of Directors declared a cash dividend of $1.00 per share on the company’s Class A Common Stock and a cash distribution of 29 cents per common unit on CWGS Enterprises, LLC’s common units.
Nike Senior Creative Director For Women Sportswear Joins Calvin Klein
Calvin Klein Inc. announced the appointment of Jessica Lomax as EVP, global head of design, effective December 9. She joins the company from Nike, where she currently serves as senior creative director, women’s sportswear apparel.
Nike Launches Nike Unite Retail Concept
Nike Inc. has introduced a new Nike Unite concept focused on local communities. The concept represents its fourth retail specialty concept, joining Nike House of Innovation, Nike Rise and Nike Live. Nike plans to open nine Nike Unite worldwide locations in 2020, including five in the U.S.
Sally McCoy Joins Sea To Summit Global Leadership Team
Sea to Summit welcomed Sally McCoy to its global leadership team. McCoy accepted the newly created position of Executive Chair of Sea to Summit and will assume responsibility for the brand’s global strategy and expansion.
Target Posts Robust Q3 Profit Gains
Target Corp. announced its third quarter 2020 financial results, which reflected continued, robust growth in both sales and profitability. Comparable sales grew 20.7 percent.
TJX’s Q3 Surpasses Wall Street Targets
The TJX Companies Inc. reported earnings grew slightly and easily topped Wall Street’s consensus estimate. Overall open-only comp-store sales were down 5 percent versus last year. Comps at Marmaxx (U.S.), including T.J. Maxx, Marshalls and Sierra Trading, were down 10 percent.
Adidas Partners With LeAD Sports & Health Tech
Adidas has formed a formal partnership with Berlin-based leAD Sports & Health Tech accelerator, which is backed by the family of Adidas founder Adi Dassler and supports start-ups.
Logo Brands Strikes Licensing Deal With LSU
Logo Brands, Inc. has entered into a five-year exclusive licensing agreement for tailgate items with Louisiana State University, effective January 1, 2021.
Kind Bars Acquired By Mars
Mars Inc. will acquire Kind North America, the maker of Kind bars and one of the country’s largest snack food companies.Terms of the deal were not disclosed, but the New York Times cited sources who said the deal values Kind NA at $5 billion.
Rab And Lowe Alpine Commit To Achieve Net Zero By 2030
As part of its long-term sustainability strategy, Rab and Lowe Alpine have committed to achieving Net Zero by 2030. As a first step, Equip became a ‘Climate Neutral Company’ in November 2020, certified by South Pole, an independent project developer, who will also assist Equip on its road to Net-Zero. Matt Gowar, Equip’s CEO, said: […]
K-Swiss Appoints Director Of Tennis
K-Swiss appointed Dave Malinowski as director of tennis. He most recently worked for Adidas North America as senior director of specialty sports.
Exped USA Appoints Midwest Sales Team
Exped USA announced the addition of Parallel 45 Sales Group as brand partners. The Parallel 45 Sales Group will oversee strategy, sales and service in North Dakota, South Dakota, Nebraska, Missouri, Iowa, Illinois, Minnesota, Wisconsin, and Michigan’s Upper Peninsula.
NRF Reports: October Retail Sales Grew As Holiday Shopping Starts Early
Retail sales grew for the sixth month in a row in October, with sales significantly better than the same time a year ago as the economy continued to recover and consumers began their holiday shopping early, the National Retail Federation said.
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