The second Beyond Yoga flagship outside California opened in the Seattle area on May 29.
Author: SGB Media
NSSF Sees Sharp Decline in Handgun Imports in Latest Data from February
February Handgun imports decreased 28.7 percent year-over-year from February 2023. As part of the overall Handgun number, Pistol import units dropped 31.9 percent from the prior-year month but Revolver units increased 6.0 percent year-over-year.
Gildan Activewear Re-Appoints Chamandy as President and CEO
The Gildan Activewear, Inc. Board of Directors re-appointed Glenn J. Chamandy as president and CEO and Michael Kneeland as non-executive Chair of the Board, each effective immediately.
Shoes For Crews Receives Court Approval for Sale
Company to be owned by first lien secured lenders. Sale Transaction strengthens financial foundation through elimination of over $300 million in debt and access to new capital financing to invest in growth.
Brand Velocity Group Appoints Joe Flannery as CEO of Score Sports
Most recently, Flannery was the EVP at Topgolf Callaway Brands, responsible for the company’s global apparel and softgoods businesses. He has also held executive roless at Adidas, Nike/Nike Bauer Hockey, The North Face, and Newell Brands.
Dick’s Sporting Goods Ups Full Year Outlook on Solid Q1 Results
The retailer saw mid-single-digit comparable stores sales growth in the first quarter ended May 4, but hurt by a much higher effective tax rate for the quarter that cut into any bottom-line benefits.
United Pickleball Association Taps Former Dallas Mavericks Exec as Chief Revenue Officer
George Killebrew, who also served as commissioner of Major League Rugby, will lead the organization’s revenue strategy.
Birkenstock Holding Inks New Term Loan and Revolving Credit Facilities Agreement
In connection with this refinancing, the company said it is reducing the outstanding amount of term loans by approximately $50 million. This step is said to reflect Birkenstock’s strong liquidity position and its commitment to balance sheet deleveraging.
Alterra Names New Presidents for Steamboat and Mammoth Mountain Resorts
Alterra Mountain Company appointed Dave Hunter as president and COO of Steamboat in Colorado and Eric Clark as president and COO of Mammoth Mountain in California, who will also oversee operations at nearby June Mountain.
Vista Outdoor Sees Enhanced Ammo Business Bid from CSG; Again Rejects MNC Interest
An amended agreement with CSG, among other things, increases the base purchase price payable by CSG for the acquisition of The Kinetic Group business from $1.91 billion to $1.96 billion and increases the cash consideration payable to Vista Outdoor stockholders by $3.10 per share.
Section 301 Tariff News is Not Good for the Bike Business
PeopleForBikes said all May 31, 2024 exclusions are briefly extended to June 14, as a “transition period.” Exclusions for bicycle trailers and some bicycle helmets are extended to June 1, 2025.
EXEC: U.S. Supreme Court Denies Avenatti Appeal to Overturn Nike Fraud Conviction
The Supreme Court rejected Michael Avenatti’s appeal to overturn his conviction for attempting to extort nearly $25 million from Nike and cheating other clients out of millions. He is serving 30 months in a San Pedro, CA, federal corrections facility.
EXEC: The Nidecker Group Acquires Iconic Skate Brands from Sole Technology
The Nidecker Group, the Swiss-based snowboard company, has reportedly inked an agreement with Sole Technology to acquire its legendary portfolio of skate brands, including Etnies, éS, Emerica, and ThirtyTwo.
Hobie Appoints News Sales and Marketing Leadership to Drive Brand
The company promoted Joel McBride to VP of sales and hired James McBeath as director of marketing. They bring over 70 years of combined experience in adventure sports to Hobie.
Hyosung Appoints European Marketing Manager Textiles
Based in Düsseldorf, Germany, Andreas Puchert is an industry veteran with 30 years of experience in the textile, sports, fashion, and retail markets.
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