MNC Capital Partners, L.P. has submitted an increased all-cash proposal to acquire all of the outstanding shares of Vista Outdoor, Inc. for $39.50 per share, or over $3.0 billion.
Author: SGB Media
U.S. Senate Finance Committee Set to Tackle GSP Renewal, Other Trade Practices
It is the Outdoor Industry Association’s hope that Senator Wyden’s and the Finance Committee’s leadership will “create the needed momentum to pass GSP renewal into law.”
Freeride Skiing and Snowboarding Recognized as an Official Discipline by FIS
The International Ski & Snowboard Federation (FIS) has recognized Freeride Skiing and Snowboarding as an official discipline. The decision was made on June 5, 2024 during the FIS General Assembly held in Reykjavik, Iceland.
Adidas Yeezy and Fear of God Top Brands Flagged in StockX Verification Process
According to the data, the No. 1 reason StockX rejects products during its verification process is signs of previous wear (29 percent), with suspected fakes (19 percent) being the second most cited reason for failure.
Game-Set-Match to Open Second Tennis + Pickleball Store in Vegas
Plans for the new store include a soft opening in the Fall of 2024, pending store construction timing, with a full-scale grand opening in the Spring of 2025. The new store will be located at 2273 N. Green Valley Parkway, in Henderson, NV.
Cinelli Appoints New Australian Distributor
Cinelli inked a new partnership with La Dolce Velo, appointing the company as the exclusive distributor of Cinelli bikes, frames, components, apparel, and accessories in Australia.
Lands’ End Sees 2023 Momentum Continuing into Q1 as GMV Rises
Net revenue decreased 7.8 percent for the first quarter to $285.5 million. Global eCommerce Net revenue was $195.5 million, a decrease of 3.7 percent year-over-year. Gross Merchandise Value (GMV) increased by low single digits compared to the first quarter of 2023.
EXEC: Lululemon Had Busy Q1, Beating Estimates, Buying Mexico Ops, Fixing Product Misses
It wasn’t long ago that the market was ready to write off Lululemon as new challenges befell Nike and LULU had its own issues to address, including the recent departure of Chief Product Officer Sun Choe for a new opportunity to run the Vans brand for VF Corp.
The Buckle Posts 7.6 Percent Comp Sales Decline for May
Net sales for the 4-week fiscal month ended June 1, 2024 decreased 8.2 percent to $82.0 million from net sales of $89.3 million for the prior-year fiscal month in 2023.
G-III Apparel Invests in Iberian Agent for DKNY, Donna Karan and Karl Lagerfeld
The move is said to accelerate the international expansion of G-III’s owned brands through a partnership with All We Wear Group (AWWG), for an ownership stake of approximately 12 percent.
Stack Athletics Drops Summer 2024 Pickleball Collection
Stack fuses streetwear meets pickleball-focused tech in Summer 2024 apparel collection
Lululemon Beats Q1 Sales and Earning Estimates; Shares Jump Double Digits
The company delivered first quarter EPS of $2.54 per share, beating Street estimates by 12 cents a share. Revenue amounted to $2.21B, outpaced the estimates. Revenue grew 11 percent year-over-year in constant-dollar terms. .
Echelon Fitness Acquires Advanced Recovery Company ThriveX
The maker of at-home exercise equipment for the global fitness, wellness and sports market, acquired ThriveX, the manufacturer of recovery products, including cold immersion systems, smart hybrid saunas and compression boots.
EXEC: Authentic Sells Boardriders Retail Ops in W. Europe; Inks Brand Licenses for Key Cats
Beaumanoir reportedly acquired the retail operations for the Boardriders brands across Western Europe and licensed the rights to manufacture, design and distribute branded products.
Thor Industries Sees Sales Declines Moderate in Fiscal Third Quarter
Independent dealers reportedly experienced increased retail activity during the spring selling season, but conversion to sales was said to remain difficult in light of the economic pressures on retail buyers.
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