Golf Datatech LLC’s National Golf Performance Report showed that golf rounds soared 13.9 percent and equipment sales increased 10.1 percent in 2020 over 2019. The data-tracking organization said the surge in rounds and retail sales are primarily a result of golf being positioned as a near-ideal socially distanced activity during a pandemic.
Category: Footwear
Academy Sports Announces Secondary Offering Of Common Stock
Academy Sports and Outdoors Inc. announced that certain of its stockholders, including affiliates of Kohlberg Kravis Roberts & Co. L.P., intend to offer for sale in an underwritten secondary offering 12 million shares of common stock of Academy Sports.
Boot Barn’s Q3 Profits Climb 19.5 Percent
Boot Barn Holdings Inc. reported earnings rose 19.5 percent in the third quater ended December 26 on a 6.5 percent revenue gain.
Cole Haan Withdraws IPO Plans
Cole Haan Inc. in a regulatory filing applied for the withdrawal of its S-1 registration statement with the Securities and Exchange Commission supporting a planned initial public offering.
Golf Rounds Played Surge In December
Golf rounds played jumped 37.3 percent for the month of December and grew 13.9 percent in total for 2020, according to Golf Datatech. The biggest regional gains were seen in New England, West North Central and Mid-Atlantic.
Feetures Undergoes Executive Changes
Feetures announced executive changes as part of succession planning. The changes include national sales manager for footwear specialty retailers, Steve Hallinan, becoming key accounts manager, John Gaither becoming chief operations officer and Joe Gaither, executive vice president.
Rocky Brands To Acquire Original Muck Boot Company and Xtratuf
Rocky Brands, Inc. announced that it has entered into a definitive agreement to acquire the performance and lifestyle footwear business of Honeywell International, Inc. including The Original Muck Boot Company and Xtratuf footwear brands, for a purchase price of $230 million.
Nike Opens Nike Live Store In Eugene
Nike opened its latest small-format Nike Live store in Eugene, OR. Nike by Eugene joins three other Nike Live concepts in Los Angeles, Tokyo and New York.
Apparel Resale App Curtsy Raises $11M In Series A Funding
Curtsy, a shopping app for clothing, shoes, and accessories, has raised $11 million in Series A funding. The funding, led by Index Ventures, will enable Curtsy to scale and build out its team.
Salomon’s President Exits
Amer Sports announced that Michael White, president of Salomon, has left the company to “pursue other interests.” An external search has been initiated for a permanent successor.
Mytheresa Completes IPO
Munich-based online luxury-fashion retailer Mytheresa on Wednesday raised $406.8 million in its U.S. initial public offering (IPO). The offering valued the e-commerce site at a higher than expected $2.2 billion.
Report: Hudson’s Bay Planning IPO For Saks.com
Hudson’s Bay Co. is exploring a spin-off of Saks.com as a public company, separating the online business from Saks Fifth Avenue’s brick & mortar operation, according to a report from WWD.
Golf Datatech Reports All-Time Best December For Equipment Sales
Golf Datatech, LLC announced that U.S. golf equipment sales for December 2020 were up 58 percent over the same period in 2019, while exceeding December’s previous all-time high, set in 2006, by 16 percent.
Cohere Capital Completes Strategic Growth Investment In CCS
Cohere Capital announced that it has made a strategic growth investment in Portland, OR-based CCS, the online retailer of streetwear and skateboard equipment. The investment will allow CCS to continue to invest in technology-enabled products and service offerings and accelerate its brand growth.
Backcountry To Open New Retail Stores Spring 2021
Backcountry announced plans to open brick & mortar retail locations beginning May 2021. The retailer currently has one store adjacent to its fulfillment center in Salt Lake City, UT, and will expand its retail footprint this year with two new stores, the first of which will open in Park City, UT, followed by a location in Boulder, CO.
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