Cobalt Kinetics Under New Ownership

Cobalt Kinetics, manufacturer of performance and precision engineered rifles based in St. George, UA, announced that its holdings have been acquired by BAQ Defense.

Retail Organization Seeks To Make Face Masks Mandatory

In a letter to the National Governors Association this week, RILA (Retail Industry Leaders Association) asked governors to require face masks when in public or while shopping. Fewer than half of U.S. states require masks in public places, according to the RILA.

Walmart To Launch Membership Service In July

Walmart plans to launch its own membership service, Walmart+, to rival Amazon Prime this July, according to Recode. The $98-per-year program will offer same-day delivery of groceries and general merchandise, along with other perks such as fuel discounts.

Dr. Emil Nutrition Acquired By Brand Holdings

Brand Holdings LLC, a new holding company led by sports industry veteran Jeff Hennion, has acquired Dr. Emil Nutrition, a provider of a portfolio of health and wellness supplements as well as sports nutrition products.

JD Sports Updates U.S. Strategy For Finish Line And JD

JD Sports Fashion on Tuesday committed to developing Finish Line, acquired in 2018, and JD Sports as separate banners in the U.S. marketplace. Officials provided the update while reporting strong sales and profit improvement for the Finish Line chain its year ended February 1.

Finish Line Delivers 9 Percent Comp In Fiscal Year

JD Sports Fashion reported a rise in annual earnings and indicated Finish Line’s comps in the U.S. grew 9 percent. However, the UK’s largest sneaker chain cut its dividend and warned the coronavirus outbreak has constrained its short term progress.