Following the announcement that Ashworth golf had returned to the U.S., Newtimes Group reported that World Golf Hall of Famer and 1992 Masters Champion Fred Couples also returned as the face of the brand. Couples, wearing an Ashworth polo when he won the green jacket in 1992, is expected to “reinvigorate the brand, bringing back […]
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Dick’s SG’s Jefferson City Location To Close
DKS is closing its Jefferson City, MO store, effective December 31, 2022, according to the Jefferson City News Tribune.
Nike And BSN Sports Sign Three-Year Deal With App State University
Nike and BSN Sports signed a three-year deal with Appalachian State University in Boone, NC.
Kohl’s Debt Ratings Lowered
Moody’s Investors Service downgraded the debt ratings on Kohl’s due to an erosion of its market position and the deterioration in credit metrics to levels not reflective of an investment grade rating.
Newell Brands Finalizes CFO Transition
Newell Brands hired Mark Erceg as CFO, effective January 9, 2023. He succeeds Chris Peterson who transitions into his role as president, reporting to Ravi Saligram, CEO.
EXEC: Johnson Outdoors’ Quarterly Earnings Boosted By Recovery In Fishing
Johnson Outdoors, Inc. said a strong bounce back in its Fishing segment, due to the easing of supply chain issues, drove an 18.1 percent sales increase and improved profitability in its fiscal fourth quarter ended September 30. Helen Johnson-Leipold, chairman and CEO, told analysts, “Managing the challenging supply chain environment remains a key priority, and we will continue to evaluate all avenues to mitigate cost pressures into the next fiscal year.”
Lids Opens Lids Hat Drop Concept Store
Lids opened a retail concept store, Lids Hat Drop, an iteration of the LidsHatDrop.com platform launched earlier this year, in Jamaica, Queens, NY.
Equinox Holdings’ Debt Ratings Downgraded
S&P Global Ratings lowered its debt ratings of Equinox Holdings Inc. over concerns the fitness chain operator will face challenges meeting commitments under its $76 million revolving credit facility due March 2023.
Ohio Travel Bag Acquired By Blue Point Capital Partners
Blue Point Capital Partners and its portfolio company, Weaver Leather (“Weaver”), acquired Ohio Travel Bag (OTB), a distributor of specialty hardware, fittings and supplies used in various industries, including leather goods, pet, equine, handbags, trunks, and crafts.
Dainese Enters Distribution Deal
Tucker Powersports entered into an exclusive agreement to distribute the Dainese motorcycle product line to its network of powersports dealers in the United States.
Johnson Outdoors Sees 18 Percent Revenue Growth In Fourth Quarter
Johnson Outdoors, Inc.’s sales jumped 18 percent in the fiscal fourth quarter ended September 30 and profitability improved as supply availability in its core Fishing segment started to improve. Sales in the Watercraft Recreation and Camping segment were down while the Diving segment saw mid-single-digit gains.
Vail Resorts Sees 6 Percent Growth In Early Season Pass Results
Vail Resorts Inc. reported EBITDA improved for the first quarter of fiscal 2023 ended October 31, primarily driven by the strong demand and visitation at its Australian resorts. Pass product sales for the North American ski season increased approximately 6 percent in units and approximately 6 percent in sales dollars through December 5.
EXEC: Oxford Industries Sees Robust Growth Potential In Johnny Was
On its first quarterly call since acquiring Johnny Was in September, Oxford Industries Inc. said the California-based lifestyle apparel brand complements the company’s other brands and is well-positioned for continued double-digit growth.
Helly Hansen Renews Partnership With Vail Resorts
Vail Resorts and Helly Hansen reported renewing their partnership that provides uniforms to Vail Resorts employees and working mountain professionals.
Adidas Terrex Opens First U.S. Pop-Up In Portland
Last week, Adidas Terrex commemorated the launch of its first U.S. pop-up in the Pearl District of downtown Portland, OR, with a grand opening.
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