Life Time Group Holdings, Inc. reported it closed on a sale-leaseback transaction for approximately $45 million in gross proceeds on April 20.
Author: SGB Media
Allbirds Expands And Extends Credit Line
Allbirds, in a regulatory filing, reported entering into an amendment agreement with JPMorgan Chase Bank, N.A., that increases borrowings available under its credit line and extends the maturity date from February 20, 2024 to April 17, 2026.
La Sportiva North America Is Climate Neutral
La Sportiva North America reported it is officially Climate Neutral Certified achieving the Climate Neutral Certified standard by measuring its 2022 greenhouse gas emissions. The company is offsetting its footprint with eligible-verified credits. Climate Neutral Certified uses an independent certification program to confirm that a company has “effectively achieved net-zero carbon emissions across its entire […]
Li Ning Sees Franchise Stores And E-Commerce Drag On Q1 Retail Business Growth
Li Ning Company Limited reported retail sell-through at Li-Ning stores for the first quarter that ended March 31, excluding Li-Ning Young, increased in the mid-single-digits on a year-over-year basis.
Tread Labs Refurbishes Customer-Returned Footwear
Tread Labs, the performance insole and footwear brand, reported it “refurbished nearly 10,000 insoles and sandals since its founding in 2017.” Tread Labs said its process is “done by hand at its company headquarters in Woburn, takes approximately seven days and costs between $36.00 and $72.00 with free shipping.” Tread Labs insoles are constructed with […]
iKamper Launches ReCovery Collection, Upcycling Salvaged Materials
To reduce the environmental impact of outdoor recreation, iKamper reported it found “a unique solution to combat material waste with the new ReCovery Collection.” iKamper’s ReCovery Collection of camp products invests in sustainable manufacturing methods with “innovative” designs. The ReCovery Collection includes a rain poncho, firewood carrier, apron, and daily tote bag, which was created […]
Honey Stinger Reformulates Caffeine Chews
Honey Stinger reformulated and repackaged its caffeine chews for better performance and flavor. The new recipe contains a nearly 3-to-1 ratio of sodium to potassium for added electrolytes and caffeine from tea for sustained energy. Each pack includes two bite-sized chews with 50mg of caffeine, 130mg of sodium and 45mg of potassium. “At Honey Stinger, […]
Levi Strauss Snaps Up New SVP And Chief Marketing Officer
Levi Strauss & Co. hired Kenny Mitchell as Levi’s brand’s senior vice president and chief marketing officer, effective June 5, reporting to Michelle Gass, president of Levi Strauss & Co.
Scarpa Adds To Athlete Roster
Scarpa added climber Shawn Raboutou to its roster of professional athletes and ambassadors. The Boulder, CO native is currently the only athlete with two V17 (9A) ascents under his belt and will spend the coming year working towards additional V17s, such as Burden of Dreams (Finland) and Sudain Seul (Fontainebleau). “We’re so happy that Shawn […]
JCPenney Appoints Chief Customer Officer
JCPenney hired Katie Mullen as chief customer officer. Mullen previously was JCPenney’s chief digital officer and will continue overseeing e-commerce strategy and omnichannel development driving digital, data and analytics.
Club Champion Adds Three Locations
Club Champion opened two new locations in Kingwood and Midland, Texas, respectively, and one in Farragut, TN. Club Champion reported it is “primed to open over 125 domestic and international locations by the end of the year.”
American Outdoor Brands Secures Trademark And Patent Settlement Agreement With GSM Outdoors
American Outdoor Brands, Inc. executed an agreement on April 6 with Good Sportsman Marketing, LLC (GSM) to settle litigation related to GSM’s improper use of trademarks owned by AOB and allegations of infringement of AOB’s patent rights.
Norrøna Acquires Canvas Hotel Telemark
Norrøna reported it acquired the Canvas Hotel Telemark, a wilderness lodge, including luxury yurts, for mountain bikers, with over 100 kilometers of slick rock trails connected by singletrack.
Cascade Designs, Inc. Hires Director Of Varilite
Cascade Designs, the parent company of MSR, Therm-a-Rest, Platypus, SealLine, PackTowl, and Varilite, hired Kevin Cooke as director of Varilite, the manufacturer of air-foam floatation wheelchair seat cushions and back supports.
Arc’teryx Opens Third Store In Chicago
Arc’teryx opened a third store in Chicago located west of downtown. The new store occupies 4,788 square feet in the Oakbrook Center and is the brand’s 28th store in the U.S.
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