Clarus Corporation has completed the sale of its Precision Sport segment, which is comprised of Sierra Bullets, LLC and Barnes Bullets – Mona, LLC, to Bullseye Acquisitions, LLC, an affiliate of JDH Capital Company.
Author: SGB Media
EXEC: Velocity Outdoor Posts Operating Loss in 2023 as Sales Fall 26 Percent
Velocity Outdoor segment operating loss for the year ended December 31, 2023 was $32.8 million, a decrease of $51.8 million when compared to segment operating income of $19.0 million for the comparable period in 2022.
EXEC: PrimaLoft Takes $58 Million Impairment Charge as Operating Results Fall Short
PrimaLoft performed an interim impairment test of their goodwill as of December 31, 2023 as a result of operating results that were below forecast amounts that were used as the basis for the purchase price allocation at acquisition.
PPA Tour and Major League Pickleball Close Merger
The professional pickleball organizations Carvana PPA Tour (PPA Tour) and the MLP by Margaritaville (MLP) announced today the completion of the company’s previously announced merger and the formation of a singular pro pickleball holding company.
EXEC: BOA Posts 25 Percent Sales Decline in 2023 as Retail Inventory Takes Toll
Fourth quarter sales at BOA were down slightly year-over-year while Adjusted EBITDA for the BOA business increased to $14.0 million in Q4, compared to $13.8 million in the 2022 fourth quarter.
Orangetheory Fitness and Self Esteem Brands to Merge in All Stock Deal
The combination of Orangetheory Fitness, Anytime Fitness, Waxing the City, Basecamp Fitness/SUMHIIT Fitness, The Bar Method, and Stronger U Nutrition will represent $3.5 billion in systemwide sales and approximately 7,000 franchise locations across 50 countries.
EXEC: Birkenstock Execs Lay Out Growth Details from Fiscal Q1
Only a single-digit percentage of revenue in the Americas is attributed to new points of distribution, with a heightened focus on specialty retailers, including sports-specific, running retailers where the benefits of the Birkenstock footbed is seen as a recovery product.
Vittoria Launches RideArmor All-Season Tire Range
Vittoria introduced the RideArmor tire range—”true armor” to protect cyclists from the dreaded puncture.
EXEC: 5.11 Tactical was the Lone 2023 Active Lifestyle Gainer at CODI
The 5.11 Tactical brand was the only active lifestyle brand in the segment to post an increase in sales for the year, due in large part to its direct-to-consumer component of the business as all other brands continued to deal with the ongoing retail de-stocking process prevalent across the U.S. retail landscape.
Adidas x Yohji Yamamoto Release the Y-3 S-Gendo Run Sneaker
Innovative in design, the Y-3 S-Gendo Run merges Adidas’ advanced midsole technologies with the aesthetic heritage of the brand’s archival trainers.
EXEC: Titleist Golf Ball Sales Increase Double Digits in 2023; Clubs Up in High Singles
Titleist golf balls posted healthy sales gains for the year, led by the successful Pro V1 and Pro V1x launch and continued strengthening of the golf ball supply chain, while Titleist golf clubs growth was said to be driven by new T-Series irons and expanded club fitting capabilities.
Super73 x Howler Brothers Launch Capsule Collection
Collaboration merges surf and outdoor to the e-bike industry with custom Howler Brothers x Super73-S2 apparel and accessories
Surf Expo and OR Parent Posts Net Loss for Q4 and Full Year
Emerald Holding, Inc., parent of the Outdoor Retailer and Surf Expo trade shows, reported fourth quarter 2023 revenues were $101.5 million, an increase of 8.4 percent versus the fourth quarter 2022.
Birkenstock Narrows Fiscal Q1 Loss as Smaller Regions Surge
Reported direct-to-consumer revenues increased 24 percent to €160.7 million, while Wholesale, or B2B revenues rose 19 percent to €140.4 million in the prior-year quarter.
Xponential Fitness Partners with Kinrgy to Launch Brick & Mortar Experience
The dance and fitness platform founded by dancer Julianne Hough, will open its first brick & mortar Kinrgy studio in West Hollywood, CA on March 1.
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