<p>The retailer has entered into a definitive merger agreement to be acquired by a partnership comprised of Worldwide Golf and Capitol Hill Group, in an all-cash transaction valued at approximately $112.7 million in enterprise value, including the assumption of roughly $71.4 million in credit line borrowings as of June 29, 2025.</p>
<p>Citi Research’s latest quarterly Global Sporting Goods Survey found that Nike out-ranked Adidas in terms of intent to purchase and is the athletic brand consumers perceive as the most innovative in North America. However, Adidas tied Nike for the highest Net Promoter Score (NPS) among athletic brands in June, highlighting the popularity of Adidas’ Terrace franchises</p>
<p>The Los Angeles, CA-based lifestyle brand specializing in luxury activewear, announced plans to open a stand alone shop in The Summit a one-million-square-foot upscale shopping mall with over 100 stores and restaurants located in Birmingham.</p>
<p>Nike claims SurfStitch owes it $237,760 and is demanding that the company be placed into liquidation. Edwin Narayan and Domenic Calabretta, from Mackay Goodwin, were appointed as administrators earlier this month to sort out the retailer’s finances.</p>
<p>The store, spanning 3,695 square feet over two floors, is located at 4 James Street and was designed to serve as a hub for the local running community.</p>
<p>Nike, Inc. continues to face headwinds in its turnaround efforts, including an estimated $1 billion hit from tariffs. However, the company’s first-quarter guidance came in better than expected. Nike officials told analysts that its steps to reengage wholesale partners are paying off, with holiday bookings up. Shares of Nike in mid-day trading Friday, June 27, were up about 17 percent.</p>
<p>According to the RV Demographic Profile of Intenders, 73 percent of near-term RV intenders are under age 55, and 34 percent live in urban areas. The segment is also becoming more multicultural, with 32 percent identifying as African-American, Asian-American, Hispanic, or LGBTQ+.</p>
<p>The largest RV dealership in the U.S. will now carry Blaupunkt ebikes available in all 26 of their stores, solidifying its position as the official ebike retailer in the RV channel.</p>
<p>Kristin Labonte, a former national masters champion in the individual time trial, criterium, and road racing disciplines, is the managing partner of Breaking Limits, a sports marketing agency. James Pope is a globally respected event architect with over two decades of experience creating and scaling marquee cycling events.</p>
<p>The partnership will see Bike-Components.de carry the brand’s framesets, including the latest Gravel Ti, as well as exclusive European colorways for the company’s aluminum line, available on Bike-Components.de’s online platform.</p>
<p>Kris Kuster, Sport Obermeyer’s new CEO, spoke with SGB Executive about the opportunities he sees for the company in targeting female hunters and anglers, as well as plans to introduce fashion-forward capsules, including those connected to Obermeyer’s hometown of Aspen, the revamp of its online presence, and the impact of tariffs. Kuster also spoke about the impossibility of replacing Klaus Obermeyer.</p>
<p>Franchisees Brynn and Tina Walker are “actively seeking a location” in the Springfield, VA area as PIckleball Kingdom continues its expansion efforts nationwide.</p>
<p>The move comes as Centroid, the South Korean private equity firm that acquired TaylorMade in 2021, in mid-May confirmed plans to divest its controlling stake in TaylorMade, opting for an outright sale over an initial public offering.</p>
<p>While the company produced a beat on both the top- and bottom-line consensus Wall Street estimates for the period, many analysts appeared more interested in the fiscal 2026 full-year guidance, which was not provided in the initial release of Q4 and full-year figures. </p>
