Berkshire Partners LLC, a Boston-based investment firm, together with New Balance Holding Inc., the investment arm of New Balance, completed the acquisition of The Rockport Company from the Adidas Group. As reported, the business was sold for $280 million
Category: Outdoor
Blue Ridge Mountain Sports Secures Financing for Fall Inventory
Blue Ridge Mountain Sports Ltd. (BRMS) has secured financing for inventory to stock its seven stores in Charlottesville, Virginia Beach and Blacksburg, Va; Knoxville, TN; and Madison and Princeton, NJ…
The Buckle Reports July Comps Fall 8.1 Percent
The Buckle, Inc. reported comparable store net sales decreased 8.1 percent, for the 4-week period ended Aug. 1 and are now off 2.0 percent year-to-date…
Adidas Gains Momentum in Q2, Eyes Sales of Golf Brands
Adidas Group has hired an investment bank to consider options for its flagging TaylorMade-adidas Golf business, where a 26 percent sales decline in the second quarter weighed on otherwise encouraging results. Adidas reported currency-neutral sales increas
Polartec Recycles Billionth Bottle
Polartec LLC announced it had recycled its billionth bottle Wednesday during the Outdoor Retailer Summer Market, where it exhibits its fabric technology to hundreds of eco-conscious apparel brands…
Ibex Outdoor Clothing Secures New Credit Package
Ibex Outdoor Clothing LLC has secured a multi-million dollar credit package from First Niagara Commercial Finance Inc., which provides asset-based loans and working capital to help its customers expand and grow…
Trek’s Click-and-Collect Plan Could Mark Tipping Point
Trek Bicycle Corporation sent shock waves through the independent bicycle dealer (IBD) channel in the United States last week by announcing it would begin selling direct to consumers online, but share any profits with its dealers…
Gaiam Second Quarter Sales Surge on Kohl’s Business
Gaiam Inc. reported net revenue surged 27 percent in the second quarter as it began shipping an exclusive line of yoga apparel to Kohl's…
Vista Outdoor Ups Notes Sales by $50 Million
Vista Outdoor Inc. upped the amount of its pending private debt offering by $50 million and said the notes will pay annual interest of 5.875 percent…
Alibaba Taps Goldman Sachs Exec as New President
Alibaba Group appointment investment banker and Olympic gold medalist Michael Evans as its president effective Aug. 4 in a bid to become a global retailer…
Kids Foot Locker Campaign Stars Rob Gronkowski
Kids Foot Locker debuted “Grown-ups,” a new spot featuring star tight end Rob Gronkowski. The national television campaign supports…
Delta Apparel Q3 Earnings Soar
Delta Apparel, Inc. reported earnings doubled in the third quarter ended June 27, boosted by meatier gross margins, reduced expenses and improving sales trends across its businesses…
Adidas Acquires Runtastic App
Adidas AG has acquired all outstanding shares of Runtastic GmbH in a transaction that assigns an enterprise value of €220 million to the Austrian fitness app company…
Fox Factory Reports Rebound in Mountain Biking Sales
Fox Factory Holding Corp. reported its sales of bicycle components grew 23.9 percent in the second quarter primarily due to the addition of Race Face/Easton Cycling, but also because growth resumed at its legacy cycling business, which makes forks and rea
Pelican International Names Insider as Next President
Pelican International Inc., the Canadian manufacturer of kayaks and other recreational boats, appointed Marie-Christine Piedboeuf as president, effective Sept. 1, 2015…
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