Vail Resorts Inc., Garmin Ltd. and BSN Sports made significant market moves in February, elevating an otherwise mundane month for mergers and acquisitions in the active lifestyle space. SGB Media’s latest M&A Roundup digs into the notable deals.
Author: SGB Media
Berkshire Hathaway Sees 4.6 Percent Gain in Apparel/Footwear Sales in 2018
Berkshire Hathaway reported apparel and footwear revenues increased 4.6 percent in 2018 to $4.3 billion, primarily due to increased sales volume at Brooks Sports and Garan.
Play It Again Sport Parent Sees Flat Q4 Profits
Winmark Corp., the parent of Play It Again Sports, reported net income for the fourth quarter of $7.65 million, or $1.83 per share diluted, compared to net income of $7.64 million, or $1.86, for the same period last year.
U.S. And China Near Deal
The U.S. and China are close to a trade deal that could lift most or all U.S. tariffs, according to multiple reports.
Skechers Mocks Nike With “Just Blew It” Ad
Skechers ran an in Sunday’s New York Times lampooning Nike’s widely-covered shoe malfunction that saw star recruit, Zion Williamson, injure his knee when a Nike model ripped apart.
Bandier Secures $34M In Funding
New York City-based Bandier, the women’s activewear retailer, has raised $34.4 million in funding. The investors included C Ventures and Eurazeo Brands, which is taking a minority stake in Bandier. Adrienne Lazarus, who formerly led
Frye and Intermix, has been hired as CEO.
Wolverine Worldwide Partners With Xtep International To Support China Growth
Wolverine World Wide, Inc. announced the company has entered into a joint venture agreement with Xtep International Holdings Limited, a leading Chinese sportswear retailer, to develop, market and distribute Merrell and Saucony products in mainland China, Hong Kong and Macau.
Report: Under Armour To Lay Off 50 At Headquarters
Under Armour is laying off 50 people at a headquarters in Baltimore as part of the cuts it announced last year.
Century 21 Stores Celebrates FUBU
Century 21 Stores announced an exclusive collaboration with FUBU, the sportswear brand of the ’90s. The capsule collection will introduce 10 styles, based on classic pieces that redefined streetwear over 25 years ago.
Nautilus’ CEO Resigns
Nautilus, Inc. announced that, effective March 1, 2019, Chief Executive Officer Bruce Cazenave has resigned from the company. M. Carl Johnson III, chairman of the board of Nautilus Inc., has assumed the role of interim CEO.
Iconix Appoints CFO
Iconix Brand Group Inc. announced that John T. McClain has been appointed chief financial officer.
REI Co-op Makes Major Investments In Cycling
REI Co-op is launching a major expansion of its cycling business in 2019. This year, the co-op will offer Bontrager premium accessories and apparel, and has expanded on its long-standing relationship with Cannondale to make the brand available at all REI locations.
Overall Health Of Golf Industry Keeps Acushnet On Course
Inclement weather around the globe in 2018 took a toll on golf rounds played, but Acushnet Holdings Corp., the parent of Titleist, was among the companies benefiting from an important industry theme that has trumped poor playing conditions: The sport’s health continues on the upswing.
Store Closures, Job Cuts Dominate Department Store Q4 Headlines
Department stores reported a mixture of earnings results in the fourth quarter, but the big news from the period included store closures (J.C. Penney Co.) and job cuts (Macy’s). Last quarter also saw the untimely passing of Blake Nordstrom, who died on January 2 at age 58.
Aisle Talk Week Of February 25
Top headlines from the active lifestyle industry you may have missed this week, including Congress passing a public lands bill that would permanently reauthorize the federal Land and Water Conservation Fund.
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