Berlin-based Signa Sports United reported net revenue grew 48 percent in the fiscal second quarter ended March 31 to €269 million. The gains reflect the full contribution from the acquisitions of WiggleCRC and Tennis Express.
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Signa Sports’ Sales Expand 11 Percent in First Quarter
Signa Sports United N.V. (SSU) reported net revenue grew 11 percent in the first quarter despite supply constraints in the full-bike category. Excluding full-bike sales, net revenue grew 15 percent.
Signa Sports United Appoints VP Of Bike, North America
Signa Sports United announced the appointment of Hap Seliga, a founder, executive and advisor in the cycling industry, as head of its North American bike operations.
Inside The Call: Signa Sports Battles Supply Chain Hurdles To Deliver Upbeat Year
In its first report since going public, Signa Sports United (SSU), the Berlin-based sports e-commerce platform, reported sales climbed 10 percent in the fourth quarter and 24 percent in its fiscal year ended September 30. The better-than-expected performance came despite supply chain challenges that limited growth in the full-bike and e-bike category.
Signa Sports’ Sales Expand 24 Percent In Fiscal Year
Signa Sports United (SSU), the Berlin-based sports e-commerce and technology platform, reported sales grew 10 percent in the fourth quarter and 24 percent in the fiscal year ended September 30.
Signa Sports United Goes Public On New York Stock Exchange
Signa Sports United (SSU), the Berlin-based sports e-commerce and technology platform, completed its previously announced business combination with Yucaipa Acquisition Corporation. The combined company will operate as Signa Sports United and its common stock will begin trading under the symbol “SSU” on the NYSE.
Signa Sports Nearing Investment From Saudi Arabia’s Public Investment Fund
Saudi Arabia’s Public Investment Fund is close to making an investment of more than $370 million in Signa Sports United, the Berlin-based sports commerce platform, according to the Wall Street Journal.
Signa Sports United To Go Public With A SPAC
Signa Sports United, Europe’s sports commerce platform, has entered into a business combination agreement with Yucaipa Acquisition Corporation, a publicly-traded special purpose acquisition company (SPAC) led by Chairman and President Ron Burkle and CFO and COO Ira Tochner.
Signa Sports Study Offers Bright Outlook For Sports Retail
A global study from Signa Sports United, Europe’s sports commerce platform, and Boston Consulting Group (BCG) predicts tailwinds from COVID-19 will accelerate sports participation rates in the years ahead and drive sports retail revenues at twice the pace of global GDP. The study predicted strong growth prospects for “online category champions” and e-commerce overall.
Signa Sports Acquires Tennis Express
Signa Sports United (SSU) announced a binding agreement to acquire Tennis Express, an online tennis retailer in the United States.
Midwest Sports Tennis Acquired By Berlin’s Signa Sports United
Berlin-based Signa Sports United announced the acquisition of a majority stake in Midwest Sports, the Ohio-based online tennis retailer. The acquisition serves as the entry point into the U.S. market for Tennis-Point.
Scott USA Appoints Chief Marketing Officer
Matt Heitmann, who has held leadership roles at Signa Sports United, BMC, Canyon Bicycles, USA Cycling, and Backcountry, brings over 25 years of experience in business management, brand strategy, digital and growth marketing, customer service, e-commerce, and business operations, to the role.
Scott USA Appoints Chief Operating Officer
In his new role, Jake Dudek will oversee teams across finance, operations and e-commerce, driving commercial strategy and operations for Scott’s portfolio of sporting equipment brands in the USA.
Scott USA Hires Industry Vet as President
Alongside teams based in Salt Lake City and Ogden, UT, Hap Seliga will work to drive growth in the U.S. market and solidify the company’s position in outdoor verticals.
Fromuth Racquet Sports Acquires Tennis-Point
Online retailer Tennis-Point, formerly owned by Signa Sports United, has been acquired by Fromuth Racquet Sport. In the short term, Tennis-Point will be operated as a separate business and keep its name and contact details.
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