Olympia Sports Selects Agent To Conduct Closing Sale For 76 Stores

Olympia Sports, the Maine based athletic footwear and apparel chain, has selected SB360 Capital Partners LLC (www.sb360.com), as their exclusive agent to conduct “Store Closing” sales in 76 stores.  Olympia, which was recently acquired by sports retailer JackRabbit, will continue to operate its remaining 75 stores under the Olympia Sports’ banner.

Wearable Tech Named Top Fitness Trend For 2020

More than 3,000 health and fitness pros surveyed by the American College of Sports Medicine (ACSM) say wearable tech will be the top trend in fitness in the coming year. ACSM published the results of its annual fitness trend forecast, “Worldwide Survey of Fitness Trends for 2020,” in the November/December issue of ACSM’s Health & Fitness Journal.

Asics Acquires Race Roster

Asics Corporation announces the acquisition of Race Roster, a leading race registration platform for running events. Race Roster will join Asics Digital’s portfolio of consumer-focused running platforms. As part of the agreement, Asics formed a new Canadian subsidiary known as Race Roster North America.

Yeti’s Q3 Sales Jump 17 Percent

Yeti Holdings Inc. reported earnings on an adjusted basis increased 29 percent on a 17 percent sales gain. The company lifted its guidance for the year.

Escalade Sees 4.1 Percent Growth In Q3

Escalade Inc. reported sales for the third quarter of 2019 rose 4.1 percent to $45.8 million. Continued growth in the Games category offset a continuing decline in archery vertical bow sales.

5.11’s Strong Quarter Can’t Save CODI

5.11 Tactical notched double-digit revenue and EBITDA growth, but parent company Compass Diversified Holdings revenue and earnings per share fell shy of Wall Street’s estimates for the third-quarter.

Columbia Sportswear Raises EPS Outlook After Record Q3

Columbia Sportswear Co. on Wednesday raised its diluted earnings per share outlook for 2019 to $4.70 to $4.80 from $4.65 to $4.75 after reporting third-quarter diluted EPS increased 23 percent to a record $1.75, compared to third quarter 2018 diluted EPS of $1.42.

Vindex Secures $60M To Scale Esports Infrastructure Platform

Vindex, led by CEO Mike Sepso, co-founder of Major League Gaming, and a world-class team of esports pioneers and veteran fintech entrepreneurs, announced its launch with initial funding of $60 million to build a first-of-its-kind global esports infrastructure platform. The company also announced the acquisition of Next Generation Esports (NGE) and the launch of Esports Engine.