Topgolf Callaway Brands Corp. completed the sale of Jack Wolfskin to Anta Sports, the largest shareholder of Arc’teryx, Wilson and Salomon parent Amer Sports, for $290 million. Callaway acquired Jack Wolfskin in 2019 for $476 million.
Author: SGB Media
Fanatics to Manage Utah Jazz and Utah Mammoth Fan Shops
The Mammoth becomes the fourth NHL club for which Fanatics operates in-venue retail, while the Jazz join as Fanatics’ 12th NBA partner, eight of which are omnichannel.
Stack Athletics Acquires Vulcan Pickleball
Chaifetz Group, owners of Major League Pickleball’s St. Louis Shock franchise and a broad portfolio of other organizations in the sport, also participated in the deal and will hold an interest in the merged companies and a seat on the newly created Board of Directors.
Shoe Carnival’s Sales Slide in Q1, Accelerates Shoe Station Expansion
Shoe Carnival, Inc.’s earnings fell in the first quarter as sales slid 7.5 percent. However, the family shoe chain said its rebanner strategy is seeing strong success and Shoe Station is now expected to represent over 80 percent of its store fleet by March 2027, up from a previous target of 51 percent.
Kohl’s Trims Q1 Loss, Same-Store Sales Slide 3.9 Percent
Kohl’s Corp. narrowed its loss in the first quarter ended May 3 as sales declined 4.1 percent. The retailer maintained its guidance for the year.
Yue Yuen Appoints Board Member
Yue Yuen appointed Chou Wei-Te, executive assistant vice president at its retail arm, Pou Chen, to its board as an executive director. He replaces Chan Lu Min, who is retiring.
VF Appoints New Chief Accounting Officer
Michael Phillips succeeds Bryan McNeill, who is retiring after 30 years with the company. Phillips has served as the VP Enterprise Financial Reporting controller of the company since September 2022.
SIA Partners with European Outdoor Group to Provide Enhanced Member Tools
United by a shared commitment to thriving and sustainable industries, SIA and EOG are embarking on a new era of collaboration that transcends borders and aims to elevate both industries.
Nike’s Design and Innovation Chief John Hoke to Retire in the Fall
John Hoke, Nike’s chief innovation officer, is retiring after serving in the role since 2023. He first worked at Nike on stores and fixtures before getting into footwear. An architect by training, he is credited with designing a NikeTown store and buildings on the Nike campus.
GunBroker.com Parent Appoints Chairman & CEO; Regains Nasdaq Compliance
The owner of GunBroker.com announced that Steve Urvan will serve as the company’s CEO and chairman of the Board following the recent closing of the divestiture of the company’s ammunition manufacturing division.
Costco Wholesale Misses on Q3 Top-Line as Discretionary Spending Weakens
The miss on the comparable sales line was said to be due to consumers paring back on large purchases, especially of non-essential goods such as home furnishings, as discretionary spending continues to weaken.
S&S Activewear Division Expands Warehousing to Scale Gaffney, SC Ops
The 100,000-square-foot expansion will allow Prime Line to scale its operations significantly, create new jobs in the region and enhance service to its distributor partners.
Ski-Doo Parent BRP, Inc. Comes Up Short in Q1 Despite Late Season Snow
The company’s North American retail sales were flat year-over-year for the first quarter. Seasonal Products retail sales were up, reportedly driven by strong end-of-season retail in Snowmobile following late snowfall.
Arc’teryx Parent Amer Sports Prices Secondary Offering
Amer Sports, Inc. has priced a previously announced secondary offering of 35,000,000 ordinary shares by entities affiliated with FountainVest Partners at a price to the public of $37.20 per share.
BRP President and CEO to Retire at Fiscal Year-End
José Boisjoli has informed the Board of Directors of his intention to retire by the end of the fiscal year, at which time he will also step down from his role as chair of the Board. He will continue to lead the company until a successor is named.
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