Compass Diversified Divests Electronics Company Holding
Compass Diversified (CODI), which owns Velocity Outdoor, BOA, Marucci, Primaloft, 5.11 and others in the active lifestyle space, entered into a definitive agreement to sell its majority-owned subsidiary, Compass AC Holdings, Inc., the parent company of Advanced Circuits, Inc., to APCT, Inc., a manufacturer of printed circuit boards and the portfolio company of Industrial Growth Partners.
Adidas To Merge Canadian And U.S. Operations
Adidas confirmed that it is consolidating its operations in the US and Canada, according to Retail Insider.
Anta Sports Sees Modest Decline In Q4 Revenue
Anta Sports reported that sales for the fourth quarter of Anta-branded product, in terms of retail value, declined in the high-single-digits compared to the same period in 2021.
Crocs’ Debt Ratings Outlook Revised To Stable
S&P Global Ratings revised its outlook on Crocs, Inc. to stable from negative on expectations that the company’s revenue and EBITDA would continue to grow despite a challenging macro environment.
Under Armour To Open Second Store In Manhattan
Under Armour has signed a 6,750-square-foot lease to open a store in the Flatiron District of Manhattan, according to The Real Deal.
BSN Sports, Under Armour Partner With Schreiner University
BSN Sports and Under Armour established a new athletic partnership with Schreiner University Athletics in Kerrville, TX.
Nike’s Mark Parker To Become Chairman Of Walt Disney
The Walt Disney Company elected Mark Parker, a seven-year member of the Disney Board and executive chairman of Nike, Inc., as chairman of its board of directors, effective following its annual meeting of shareholders.
REI To Open Athens Store
REI Co-op will open a new store in Athens, GA on February 10.
Academy Sports To Open Store In Lafayette, IN
Academy Sports + Outdoors, Inc. will open its first store in Lafayette, IN this spring in Lafayette Pavilions. This is the retailer’s fourth location in Indiana.
JD Sports Posts 20 Percent H2 Growth Across North American Retail Banners
JD Sports Fashion Plc, the parent company of Finish Line, DTLR and Shoe Palace in the U.S. and sports fashion and outdoor retail brands Blacks, JD, Millets, and Go Outdoors in the U.K., realized sales growth of more than 10 percent in its organic retail businesses through 22 weeks of the second half of 2022.
Yue Yuen’s Sales Drop In December
Yue Yuen reported sales for the month of December slid 20.5 percent to $629.8 million.
REI To Open In Tulsa In Spring 2024
REI Co-op will open a store in Tulsa, OK in spring 2024.
BRC Sees Solid UK Holiday Sales Growth Aided By Inflation; Volumes Fall
The British Retail Consortium reported that UK total retail sales for 2022 increased by 3.1 percent versus 2021. Food growth was 3.0 percent and non-food growth was 3.2 percent for the year.
Study: 36.5 Million Americans Played Pickleball In 2022
The Association of Pickleball Professionals released its 2023 APP Pickleball Participation Report that showed 14 percent of adults in the U.S. (36.5 million people) played pickleball at least once in the 12 months from August 2021 to August 2022 and 8.5 million people played pickleball eight times or more in the same period.
Marathon Sports Signs As Lead Retailer At Run Show USA Boston
ported that Marathon Sports, acquired by Fleet Feet in July 2022, is the headline retailer for its show scheduled to take place in Boston’s Hynes Convention Center, February 4-5.
