Lids To Open In-Store Shops Inside DSW

Lids announced a partnership with Designer Brands Inc. to open fan apparel in-store shops inside 45 DSW and The Shoe Company locations throughout Canada. The locations include stores in Toronto, Calgary and Vancouver.

March Retail Sales See Strong Rebound

Retail sales rebounded with huge gains in March as government checks fattened consumers’ bank accounts and more vaccinations against COVID-19 made it easier for shoppers to get out of the house and lead to the acceleration of the U.S. economy, the National Retail Federation said.

GOA Members See Robust Recovery

Grassroots Outdoor Alliance (GOA) reported robust year-to-year retail sales gains in its March membership update last week. The group is up 8 percent on a rolling 12-month basis, with Q1 2021 reported figures showing a 34 percent increase over Q1 2020, according to the group.

Nobull Secures Equity Partner

Nobull, which earlier this year replaced Reebok as CrossFit’s sponsor, has secured an investment from Exeter Capital, a Boston-based private equity firm.

Kohl’s Reaches Settlement With Activist Investors

Kohl’s reached an agreement with Activist Investors Macellum Advisors, Ancora Holdings, Legion Partners Asset Management, and 4010 Capital. As part of the agreement, former Lululemon CEO Christine Day will join Kohl’s Board of Directors and two members selected by the Activist Investor Group.

L Catterton To Acquire West Marine

L Catterton, the private equity firm, announced that it has entered into a definitive agreement under which L Catterton will acquire a controlling interest in West Marine, the nation’s leading retailer in the marine aftermarket, from Monomoy Capital Partners.

REI’s Sales Slide 12 Percent In 2020

REI Co-op reported sales fell 11.9 percent in 2020 as the Co-Op managed through the challenges presented by the pandemic. REI also reported no profits in 2020 but ended the year in a strong cash position and debt-free, after investing millions in its impact work to combat climate change, address racial equity and support its network of nonprofit partners. REI also launched its Cooperative Action initiative.

JD Sports Sees “Exceptional Year” For North American Business

JD Sports Fashion Plc, the U.K.-based athletic footwear chain that owns Finish Line, Shoe Palace and DTLR in the U.S., said its North American business “had an exceptional year” in 2020. The gains were boosted by strongly developed online operations by Finish Line amid the pandemic, the benefit of federal stimulus checks and early success with the rollout of the JD chain in the U.S.