Report: Manufacturing PMI Contracted Again in June
Economic activity in the manufacturing sector contracted in June for the third consecutive month and the 19th time in the last 20 months.
NYSE Regulation Moves to Delist Delta Apparel Shares; Suspends Trading
In reaching its delisting determination, NYSE Regulation noted the company’s disclosure regarding the expectation that holders of shares of Delta Apparel’s common stock would experience a complete or significant loss on their investment, depending on the outcome of the Chapter 11 cases.
Meijer Celebrates 90th Anniversary as Family-Owned Midwest Retailer
Hendrik Meijer, a local barber in Greenville, MI, started the food store to service customers who visited his barbershop. in 1934. Today, the family-owned retailer has with over 500 Meijer supercenters, grocery stores, neighborhood markets, express locations, and distribution and manufacturing facilities throughout six Midwest states operated by over 70,000 employees.
EXEC: Delta Apparel Files for Chapter 11 BK Protection; Names Salt Life Stalking-Horse Bidder
The parent of the Soffe, Salt Life and Delta brands has posted losses for seven straight quarters as elevated inventory levels at the mass channel and related destocking efforts have impacted its Delta Direct vertical blank tee platform.
Leki USA Taps Ascension Sales for Mountain West
Founded in 2013 by industry veterans Brad Barlage, Eric Johnson and Brian Stevenson, Ascension Sales covers the trekking and outdoor retail territory for Leki in the Rockies and several states in the Midwest.
Sports Authority Founder Jack Smith Passes Away
Jack Smith was the visionary who turned Sports Authority into one of the biggest sporting goods retail brands worldwide. Smith also served as chairman of the board of the National Sporting Goods Association (NSGA) and was inducted into the Sporting Goods Industry Hall of Fame in 2016.
MNC Capital Delivers Merger Agreement and Financing Commitments to Vista Outdoor
The investment firm said it has delivered a Merger Agreement it is prepared to sign for its $42 per share all cash proposal, as well as commitment letters with respect to the proposed debt and equity financing for such proposal totaling approximately $3.2 billion needed to finance the transaction.
EXEC: Assessing the Financial Impact of the OIA and Outdoor Retailer Break Up
The separation, or divorce, was always expected to be a tough move for OIA to absorb, as the loss of royalties from the OR show would cut millions from the trade association’s budget each year. But a funny thing happened on the way to this eventual agreement, OIA shifted its reliance on trade show royalties.
Revo Joins US Sailing’s Growing Roster of Official Partners
The partnership, which is in effect throughout 2024, has Revo outfitting the US Sailing Team with eyewear to compete internationally, marking a global representation between the organizations.
The Conservation Alliance Expands Focus into Fishing and Fly Fishing
While TCA and its new members have shared conservation values for decades, this new partnership is expected to open a realm of opportunity. As TCA continues to expand its program work, collaborating with the fly-fishing community will support additional efforts to protect North America’s waterways.
REI Co-op Taps Under Armour, Target Vet as VP of Human Resources
Mike Cannata was, most recently, vice president of human resources at Under Armour. Before UA, he worked for over a decade at Target, progressing from a store management through human resources leadership.
American Outdoor Brands Posts Solid Q4 Growth on New Products, Expansion into Retail
Overall growth was said to be supported by new product launches across a number of AOUT brands including Bubba, Caldwell, Grilla, and Hooyman, driving 6.9 percent growth in the outdoor lifestyle category and 3.2 percent growth in the shooting sports category.
Competitive Cyclist Named as Official U.S. Retailer for Tour de France
Competitive Cyclist has secured an exclusive partnership with Amaury Sport Organisation (A.S.O.) as the sole U.S. retailer for this year’s Tour de France products.
Classified Cycling Names Head of Marketing and Communications
Classified Cycling, based in Antwerp, Belgium, hired James Vickers as head of marketing and communications. Vickers previously held key marketing roles at Muuvr, Wahoo Fitness and Wattbike.
American Sportfishing Association Fills Out Board of Directors
Casey Shedd and Bruce Stanton were re-elected to the Board of Directors and Jeff Kolodzinski and Dan Pastore were elected to to their first terms on the Board.
