Xtep, the China-based sports company, closed its acquisition of E-Land Footwear USA Holdings Inc., the owner of the K-Swiss, Palladium, Supra, PLDM and KR3W brands for $260 million.
Author: SGB Media
Behind The Deal: ‘Sky’s The Limit’ After Sherrill’s Acquisition Of Sterling Rope
Tripp Wyckoff, president and CEO of Sherrill Inc., the Greensboro, NC-based distributor and retailer of arborist tools and climbing equipment, takes SGB behind the deal of the company’s recent acquisition of climbing rope manufacturer Sterling Rope Co. Inc. The company has big plans for its newest asset.
Clarus’ Revenue Ticks Up As Earnings Slip
Clarus Corp. on Monday reported second-quarter revenue increased 2 percent to $47 million, which beat analysts’ estimates by $1.3 million. Adjusted net income before non-cash items was $1.5 million, or 5 cents per diluted share, compared to $2.6 million, or 9 cents per diluted share in the year-ago quarter. That missed Wall Street’s estimates by 2 cents a share.
Gaia Sees Robust Subscriber Growth In Q2
Gaia, Inc. reported a 32 percent increase in revenues in the second quarter, driven by 26 percent subscriber growth. Subscriber count increased to 582,200 as of June 29, 2019 from 463,200 on June 30, 2018. The loss from operations was reduced 30 percent to $4.5 million “We continue to make meaningful progress on improving the […]
Anytime Fitness Targets Growth In Rochester and Buffalo, NY
Anytime Fitness recently announced plans to introduce more than 25 new gyms in targeted areas throughout New York with a specific focus on the markets of Rochester and Buffalo.
Outdoor E-Commerce Retailer Backcountry Edge Rebrands As Enwild
In the works for more than two years, outdoor gear and apparel e-commerce retailer Backcountry Edge has rebranded and is now known as Enwild.
Topgolf To Open Newest Venue In Thornton, CO
Topgolf Entertainment Group on Monday announced plans to open its latest Denver-area location in the suburb of Thornton at 9 a.m. Friday. The new, three-level, 65,000-square-foot venue is the company’s 56th location worldwide.
Full Stack Supply Co. Bolsters North American Growth With New Hires, New Denver HQ
Full Stack Supply Co. (FSSC)—parent of Faction Skis and FW Apparel—has announced two senior executives to FSSC’s North American team and the grand opening of its new NA headquarters and showroom in Denver, CO.
Sportsman’s Warehouse Appoints Phil Stevens As CTO
Sportsman’s Warehouse Holdings Inc. on Monday announced the appointment of Phil Stevens as chief technology officer, effective August 5.
Amphipod Appoints VP Of Marketing, Engagement And Athlete Programs
Amphipod announced the appointment of Linda Glassel as vice president of marketing, athlete programs and brand engagement. The addition of Glassel builds upon the company’s momentum and innovation leadership position in the road and trail running hydration and training accessory product categories.
Outtech Names Cody Barton Managing Director
Outtech Inc announced the promotion of Cody Barton to managing director for Academy Sports + Outdoors.
Dick’s Launches Matching Campaign To Support Youth Sports
Dick’s Sporting Goods and The Dick’s Sporting Goods Foundation launched a national campaign aimed at providing access to sports for 1 million young athletes nationwide by 2024. The Dick’s Foundation will fully-fund all Sports Matter projects currently on DonorsChoose.org totaling more than $450,000 and impacting nearly 40,000 youth athletes.
JCPenney Appoints EVP Of Stores
J.C. Penney Company Inc. announced that James (Jim) DePaul has been named executive vice president of stores, effective August 5, reporting directly to Jill Soltau, chief executive officer.
Wacoal International Acquires Lively
Wacoal International Corporation, parent company of Wacoal America, Inc. and CW-X, announced the acquisition of Intimates Online, Inc., best known as the brand Lively.
Shopkick Survey: 44 Percent Of Consumers Plan To Cut Back On Shopping Due To Tariffs
In a survey of over 30,000 consumers from Shopkick, 60 percent said they will adjust the retailers at which they shop if the impending tariffs go into effect.
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