Fewer major deals were executed across the active lifestyle space in 2023 amid rising interest rates and persistent economic uncertainty but several tuck-ins and smaller to medium-size acquisitions were inked. Still, SGB Media found a few key trends expected to continue into 2024.
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Tennis Express Re-Acquired by Founder
Houston, TX-based Tennis Express announced that Brad Blume, company founder, re-acquired full ownership in the retail and online business from Signa Sports United
EXEC: Active Lifestyle Stocks Show Some Recovery In First Half
On Holding, Adidas, Deckers Outdoor, Amazon, Smith & Wesson and Skechers USA delivered share price gains of more than 30 percent in the first half of 2023 in an overall mixed performance for stocks in the active lifestyle space. Laggards included VF Corp., Hibbett, Under Armour and Foot Locker.
Hotlines Establishes U.S. Distribution To Support Bike Channel
Hotlines, the B2B distributor owned by Signa Sports United North America, launched in North America, with its headquarters in Park City, UT, to serve the U.S. bike market by offering a wide range of Nukeproof products.
SGB 2022 Year In Review: Executive Shuffle
The new heads of Adidas, Asics, Caleres, Decathlon, DSW, Foot Locker, IFit, Peloton, Under Armour, Reebok, The North Face, and Vans were among the major C-suite moves that recast leadership across the active lifestyle industry in 2022. Below are the notable executive changes SGB reported on in 2022.
Duluth Holdings Appoints SVP, Chief Technology Officer & Logistics
Duluth Holdings Inc., doing business as Duluth Trading Company, announced that AJ Sutera had been appointed senior vice president, chief technology officer and logistics, effective August 15, 2022.
WFSGI/McKinsey Study Identifies Five Themes For Sporting Goods Industry In 2022
In its second-annual report on the sporting-goods industry, “Sporting Goods 2022: The new normal is here,” The World Federation of the Sporting Goods Industry (WFSGI) and McKinsey teamed up to find the sporting-goods industry experienced a broad recovery in 2021 and is expected to see above-average growth over the next several years. The report also called out five key trends set to shape the sporting-goods industry in 2022.
The 2021 Year In Review: M&A Accelerates Across Active Lifestyle Market
The pace of mergers & acquisitions picked up in 2021 after a pandemic-restrained year in 2020. Among the major brands and stores that found new owners were Beyond Yoga, DTLR Villa, Eddie Bauer, Hey Dude, Imperial Headwear, JackRabbit, Neptune Mountaineering, Osprey, Reebok, Spanx, Sportsman’s Guide, Sweaty Betty, TaylorMade, and WSS. Here is the full list of M&A actions for 2021.
Aisle Talk Week Of May 3, 2021
The Top National stories and the Latest headlines across the Active Lifestyle Market for the week of April 26, 2021 covered in the SGB Updates and delivered to your inbox every business day. This week’s Ambassador Athlete is Kimi Werner, Professional Freediving Spearfisherwoman and sponsored athlete working with Patagonia, Yeti, OluKai, and Costa.
NRF Big Show Brings Out Active Lifestyle’s Leaders
A record crowd of 40,000 attended the NRF Big Show last week in New York City to explore retail’s latest tech tools set to battle the digital transformation. Officials at Puma, Nike, Under Armour, Kohl’s, Adidas and Patagonia were among those leading education sessions.
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