Canadian Tire Corporation reported retail sales at its SportChek segment were up 5.8 percent in the fourth quarter while comparable sales grew 15.9 percent.
Author: SGB Media
Enduro Bearings Launches Mechanics Ambassador Program
Enduro Bearings announced it is “shining a light” on bike mechanics with its Mechanics Ambassador program, offering technical, logistical and support to select professional mechanics, and those aspiring to be bike mechanics, working in the U.S. Enduro Bearings, a maker of bearings and bearing-related components, aims to raise awareness of bearing technology and the importance […]
Camping World Announces Deal To Acquire Bowling RVs In Iowa
Camping World Holdings, Inc. announced an agreement to acquire Bowling RVs in Ottumwa, IA. The acquisition is anticipated to close next month and will be the company’s fourth location in the state.
Yeti’s Q4 Results Top Analyst Expectations
Yeti, Inc. reported profits on an adjusted basis rose 19 percent in the fourth quarter on January 2 on an 18 percent revenue gain. The cooler-maker became the latest vendor to warn about supply-chain headwinds for 2022. Sales for 2022 are expected to increase between 18 percent and 20 percent, with growth weighted toward the second half.
Peloton Hires Vice President Peloton Commercial
Peloton Interactive hired Microsoft veteran Betsy Webb as vice president of Peloton Commercial, which supports the Precor fitness equipment subsidiary. Webb replaces Rob Barker, who left the company last week and will move to Portugal, according to Pugent Sound Business Journal
Tommy John Nets New Investor, Board Members
Comfort-focused lifestyle brand Tommy John announced that Manny Chirico and David Landau of LNK Partners have joined the brand’s Board of Directors as part of the private equity firm’s minority investment in the company.
January Retail Sales Overcome Omicron And Inflation To Show Strong Gains
Retail sales powered through COVID-19’s Omicron variant, inflation and other challenges to post strong increases in January, the National Retail Federation said.
Imperial Headwear Announces VP Of Golf Sales
Imperial Headwear announced John Anderson’s hire as the company’s new vice president, golf sales.
Golftec Opens Location Outside Of Phoenix
Golftec announced the opening of an instruction and club fitting center in Tempe, AZ.
Brooklyn Bicycle Announces First Australian Distribution Partner
Brooklyn Bicycle Co. announced that it has partnered with The Bike Collective, an Australian bike distribution company that sells bikes and accessories to independent bike shops in Australia.
Trek Bicycle Buys Wisconsin Off Road Series
Trek Bicycle has purchased Wisconsin Off Road Series (WORS). With Don Edberg’s recent retirement, Trek has stepped in to manage the series and build growth.
Kamik Appoints New CEO
Kamik hired Gillian Meek as CEO. Meek brings over 20 years of experience to the Canadian footwear brand, including most recently serving as president of Keds.
Garmin’s Q4 Sales Increase 3 Percent With Strength In Marine
Garmin, Ltd. reported earnings and sales both topped Wall Street estimates in the fourth quarter ended December 25. Sales grew 3 percent in the quarter. Marine segment sales grew 14 percent while Fitness was flat and Outdoor sales decreased 8 percent.
Crocs’ Sales Jump 42 Percent In Fourth Quarter
Crocs, Inc. reported earnings in the fourth quarter slightly more than doubled as sales grew 42 percent. For the year, earnings likewise more than doubled on a 63 percent revenue gain.
Sandy Hook Families Announce $73 Million Settlement With Remington
The families of five children and four adults killed in the 2012 Sandy Hook Elementary School shooting reached a $73 million settlement with the now-bankrupt gun manufacturer Remington and its four insurers. The settlement could open the door to more lawsuits seeking to hold gun companies liable for mass shootings.
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