After acquisitions in Canada and the UK, Club Champion has acquired PureForm, a golf club fitter based in Australia.
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Trace Scores $47M In Funding
Trace, the game film platform, announced it closed a $47 million Series C round of funding, bringing its total funding to $65.2 million. Pelion Venture Partners led the round with Lakestar, Toba Capital and NextGen VP participation.
Report: Kohl’s Sees Offer From Franchise Group
Franchise Group, Inc., the owner of The Vitamin Shoppe, Buddy’s Home Furnishings and other retail chains has offered $9 billion, or $69 a share, to acquire Kohl’s Corp, sources told Reuters.
Lululemon Expands Resale Program To U.S. Stores
Lululemon Athletica, Inc. announced the nationwide expansion of Lululemon Like New, the brand’s first trade-in and resale program.
Firearms Industry Economic Impact Rises 269 Percent Since 2008
The total economic impact of the firearm and ammunition industry in the United States increased from $19.1 billion in 2008 to $70.52 billion in 2021, a 269 percent increase, while the total number of full-time equivalent jobs rose from approximately 166,000 to over 375,819, a 126 percent increase in that period, according to a report released by the NSSF.
EXEC: DSW Parent Discusses Owned-Brand Push At Investor Day
At its Investor Day, Designer Brands Inc., the parent of DSW, unveiled an ambitious plan to double sales of its owned brands by fiscal 2026 while also planning to invest in national brands to elevate the DSW experience.
IHRSA Board Nominates Two Board Members
IHRSA announced fitness industry veterans Al Noshirvani and J.J. Creegan as the two nominees for service on its Board of Directors.
Canadian Brand Seven Peaks Opening U.S. Office And Distribution Warehouse
Seven Peaks Corporation, based in Laval, Quebec, announced that it is opening an office and distribution center in Harrisburg, PA to support growth in the United States.
The Leisure Collective Makes Key Finance And Sales Hires
The Leisure Collective (TLC), the eyewear distributor to the surf channel, hired a chief financial officer while adding to its sales team to support key territories in the Northeast and Mid-Atlantic regions.
Good To-Go Expands Sales, Marketing And Operations Team
Good To-Go, the Maine-based dehydrated gourmet meal brand, has added six hires to its sales and marketing and operations team.
Youth Athletes United Teams Up with Former MLB All-Star Ben Grieve
NEW YORK, NY – Youth Athletes United, the 291-unit multi-brand youth sports franchisor behind Little Rookies Baseball, Soccer Stars, Amazing Athletes, TGA Premier Sports, and JumpBunch, announces a new partnership with former Major League Baseball All-Star Ben Grieve. As a brand ambassador, Grieve will help to impact Little Rookies Baseball, Amazing Athletes, and JumpBunch franchisees through local programming, clinics, and […]
EXEC: Beyond Yoga Exceeding Expectations For Levi Strauss
Levi Strauss reported sales at Beyond Yoga surpassed expectations in the first quarter ending February 27 and the brand is making progress in being positioned for accelerated growth. Chip Bergh, Levi’s CEO, said, “We bought it because we believe it has the potential to be much, much bigger.”
Progression Brands Group Names VP
Progression Brands Group (PBG) announced that Jeff Burkley had accepted the newly created position of vice president. Burkley will be responsible for developing and leading commercial strategies across the company’s multi-brand portfolio, including Capranea Apparel, DAHU Ski Boots, Movement Skis, YNIQ Eyewear, and Crazy Apparel.
NPD And IRI To Merge
The NPD Group (NPD) and Information Resources, Inc. (IRI) announced the signing of a definitive agreement to merge the two companies. The transaction is expected to close in the second half of 2022.
Levi Strauss’ Q1 Revenues Climb 22 Percent
Levi Strauss & Co. reported profits on an adjusted basis grew 34.9 percent in the first quarter ended February 27 as sales ran up 22 percent. Both earnings and sales topped Wall Street targets.
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