Gear Coop Appoints Craig Levra President
Gear Coop appointed Craig Levra, former CEO of Sport Chalet, as president. Levra will partner with Gear Coop founder and CEO Terry Lee to drive its next leg of growth.
Physical Activity Study Shows 28 Percent of Americans Inactive
For more than five years, over a quarter of the U.S. population has indicated they were inactive. However, the 2018 Physical Activity Council Participation Report also indicates a moderate rise in participation for many sports and activities, including fitness sports, outdoor sports and winter sports.
Vermont Ski And Snowboard Areas Welcome March Snow
March came in like a friendly lion at Vermont ski resorts with some ski areas receiving over a foot of snow on Friday March 2nd.
Sneakers4Funds Rebrands, Launches Prepaid Shipping Program
Sneakers4Funds, an independent division of Funds2Orgs, the nation’s largest shoe drive fundraising company, announces three strategic enhancements to push the brand to the next level.
Acushnet Q4 Revenues Climb 6.6 Percent
Acushnet Holdings Corp., the parent of Titleist and FootJoy, reported a profit against a loss in the fourth quarter. Sales rose 6.6 percent, led by a 9.5 percent gain in Titleist golf balls.
The Walking Company Returns To Bankruptcy Court
Blaming the challenges selling third-party wholesale brands with the rise of online selling as well as losing rights to sell Ugg, The Walking Company (TWC) filed for bankruptcy the second time in less than a decade.
Gander Outdoors Announces Grand Opening At DeForest, WI Location
Gander Outdoors, formerly known as Gander Mountain, is opening this week in DeForest, WI.
Moody’s Assigns B3 CFR To Boardriders
Moody’s Investors Service assigned a B3 Corporate Family Rating (CFR) to Boardriders Inc.. At the same time, Moody’s assigned a B3 rating to its proposed $450 million Senior Secured Term Loan due 2024 and a B3-PD Probability of Default (PDR) rating. The rating outlook is stable.
Bogs Sales Decline 10 Percent In Q4
Weyco Group Inc. reported sales of Bogs sales declined 10 percent for the fourth quarter, mostly due to lower sales to outdoor and online retailers.
Wolverine Names Greg Tunney President Of Hush Puppies
Wolverine World Wide, Inc. announced Greg Tunney will be joining the company as president of Hush Puppies, reporting to Todd Spaletto, president of the Outdoor & Lifestyle Group. Tunney formerly ran RG Barry.
Outdoor Research Hires Head Of Finance and Operations
Outdoor Research, the Seattle-based maker of industry leading apparel and gear, this month hired Roger Barton as head of finance and operations. Barton was most recently at Newell Brands Technical Apparel, which include the Marmot and ExOfficio brands.
The Walking Company Reaches Agreement On Recapitalization
The Walking Company Holdings Inc., has announced that it has obtained critical stakeholder support for a comprehensive recapitalization of the company. The company’s controlling shareholders have committed to invest $10 million in new equity into the company and it has obtained debtor-in-possession (DIP) financing from it lender, Wells Fargo Bank, for up to $50 million.
NBA Considering Removing “One and Done” Age Limit
The NBA is considering ending the “one-and-done” age limit rule for players who want to enter the NBA draft in wake of the pay-for-play scandal roiling college basketball, according to a report from ESPN.
Nordstrom Rejects Take-Private Offer By Family Group
A special committee of Nordstrom’s board rejected a roughly $8.4 billion offer, amounting to $50 a share, from the founding Nordstrom family to buy the company, saying the price was too low.
VF Corp. Appoints Velia Carboni As Chief Digital Officer
VF Corp. announced the appointment of Velia Carboni, formerly at Fidelity Investments, to the new position of chief digital officer. She will report to VF’s chairman, president and CEO, Steve Rendle, and will serve on the company’s senior leadership team.
