BSN Sports, a division of Varsity Brands, announced the acquisition of certain team sports businesses from Longstreth Sporting Goods, based in Spring City, PA. Specifically, BSN Sports has acquired Longstreth’s lacrosse and softball team sports businesses, as well as exclusive rights to supply uniform or team apparel and footwear to Longstreth’s field hockey team customers.
Author: SGB Media
Arctaris Impact Fund To Revitalize Maine’s Saddleback Mountain Ski Resort
Boston-based Arctaris Impact Fund, LP, announced Friday, January 31, the official purchase of Saddleback Mountain Ski Resort for $6.5 million. The firm plans to invest $38 million into Maine’s third-largest ski area and has tapped outdoor marketing agency Origin to lead a rebranding.
Flywheel To End Online Classes
Flywheel Sports, the fitness boutique startup, will shut down the virtual classes that are connected to its in-home bikes in March. Current Flywheel At Home customers were e-mailed a trade-in offer to swap out their $1,500 virtual Flywheel bikes for used Peloton bikes.
Snapchat’s Talent Partnership Head Rejoins Nike
Lauren Gallo, formerly global head of content marketing at Snap Inc., the parent of the Snapchat messaging app, has rejoined Nike as senior director, brand creative.
EcoVessel Expands Global Presence With Distribution Into New Markets
EcoVessel, maker of insulated stainless steel drinkware, has expanded its global presence in 2020 with the addition of Goris Group as a master distributor for Latin American markets.
Fitbit Misses Q4 Targets As Google Acquisition Looms
With its acquisition by Google looming, Fitbit Inc. on Thursday reported revenue for the fourth quarter of $502 million, which missed Wall Street’s estimates by $29.5 million. The company reported a non-GAAP earnings per share net loss of (12) cents, which missed targets by 15 cents.
Adams Arms Names New VP, Sales And Marketing
Adams Arms Holdings LLC on Thursday announced that Michael Halleron has joined the company as vice president of sales and marketing.
Burton Names Lacy CEO As Carpenter Assumes Board Chair
Burton on Thursday officially announced that John Lacy will become the company’s CEO, a role he has shared for the past 18 months with Burton owner Donna Carpenter, who now becomes chair of the Burton board of directors, a position formerly held by her late husband and Burton founder, Jake Burton Carpenter.
Blue-Emu Forms New MLB Partnership
Major League Baseball and NFI Consumer Products announced a new multi-year sponsorship agreement between MLB and NFI’s Blue-Emu line of pain-relieving creams, sprays and patches.
New Balance Partners To Support Corporate Channel
Merchology has become the exclusive retailer in the corporate channel for New Balance products.
Kids In The Game Earns B Corp Certification
Kids in the Game, a fast-growing organization focusing on sports-based youth development, is officially a Certified B Corporation.
SGB Media Business Editor, Eric Smith, Wins Harold S. Hirsch Award
Eric Smith, a senior business editor with SGB Media, this week was named the winner of the 2019 Harold S. Hirsch Award for Words by the North American Snowsports Journalists Association (NASJA).
Conversation With Powdr Co-President Wade Martin
Fresh off an acquisition and the opening of a new Woodward facility, Park City, UT-based Powdr is feeling flow. In this SGB Executive conversation, Powdr Co-President Wade Martin dishes on everything from the health of the ski resort industry to the importance of capital investment allocation to why the company doesn’t view M&A like it’s a game of Risk.
Gildan Activewear’s Revenues Decline 11 Percent In Q4
Gildan Activewear reported earnings on an adjusted basis were down 6.2 percent in the fourth quarter. Sales fell 11.3 percent as activewear sales were hurt by lower imprintables volumes in North America.
Sturm, Ruger’s Q4 Revenues Slide 13 Percent
Sturm, Ruger & Company reported revenues declined 13.2 percent in the fourth quarter to close off 17.2 percent in the year. CEO Chris Killoy said, “Manufacturing overcapacity, excess inventories at all levels of the channel, and a continued softness of demand led to a marketplace saddled with undisciplined discounting, reckless extension of payment terms, and excessive promotions.”
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