Footwear Sales Drop In August, Reports NPD

Total footwear U.S. sales for August declined 18 percent year-over-year. The decline was attributed to the end of stimulus checks, virus spikes in parts of the country and delayed back-to-school selling.

Dick’s SG Appoints Two Board Members

Dick’s Sporting Goods Inc. announced it has appointed Sandeep Mathrani, the chief executive officer of WeWork, and Desiree Ralls-Morrison, the senior vice president, general counsel and corporate secretary at Boston Scientific Corporation, to the company’s board of directors.

ABC Financial Acquires Trainerize

ABC Financial (ABC), a provider of technology and related services for the fitness industry, has acquired Trainerize, a Vancouver-based mobile fitness solution for personal training and member engagement.

Halo Foods Acquired By Peak Rock Capital

An affiliate of Peak Rock Capital, the middle-market private investment firm, completed its acquisition of Halo Foods Ltd., the maker of the Skinny brand of low-calorie snacks, in partnership with the management team of Halo.

School Specialty Finalizes Recapitalization And Sale Of Business

School Specialty, Inc., a provider of educational products and services from the Pre-K-to-12th grade market in the U.S. and Canada., announced that substantially all its assets have been acquired by SSI Acquisition, LLC, an entity formed by TCW Asset Management Company, LLC, Cerberus Capital Management, and Lantern Capital Partners.

Walmart Launches Free Assembly

Walmart announced the launch of a major new casual clothing line for men and women called Free Assembly. Free Assembly was designed by an in-house team led by Dwight Fenton, former chief creative officer at Bonobos with past experience at J. Crew, Vineyard Vines and Old Navy.

Vasa Appoints COO

Vasa Inc., the maker of swim training devices based in Essex Junction, VT, appointed Keith Watson as COO. Watson comes to Vasa after spending 12 years in executive positions at Peaksware Holdings, LLC, (home of TrainingPeaks.com) as well as 10 years with Intuit, Inc.