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.
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New Balance Sued For Exaggerating Claims On Its ‘Made In USA’ Sneakers
New Balance is being sued for falsely marketing its sneakers as being “Made In the USA,” according to The Fashion Law.
GSM Outdoors Acquires SOG Specialty Knives
GSM Outdoors has acquired SOG Specialty Knives, the American knife and tool manufacturing company based in Lynnwood, WA.
The 2021 Year In Review: Executive Shuffle
New heads of Amazon, Asics North America, Boardriders, Herschel Supply, Salomon, Timberland, and Topgolf were among the major C-suite moves that transformed leadership across the active lifestyle industry in 2021. SGB Executive rounds up other notable executive changes by month for 2021.
Dr. Martens Sees 24 Percent Currency-Neutral Growth In First Half
Dr. Martens PLC reported sales grew 16 percent in the first half through September 30 and gained 24 percent on a currency-neutral basis. By region, performances were as expected with continued strong Americas growth, up 57 percent currency-neutral, EMEA up 12 percent currency-neutral and APAC up 4 percent currency-neutral.
Wearable Technology Named Top Fitness Trend For 2022
With more people turning to their smartwatch or fitness tracker to monitor exercise and sleep quality, it’s not surprising that 4,500 health and fitness pros surveyed by the American College of Sports Medicine (ACSM) identified wearable tech as the new top trend in fitness for 2022. Rounding out the top-five were home exercise gyms, outdoor activities, strength training with free weights and exercise for weight loss.
Vista Outdoor’s CEO Discusses Stone Glacier Acquisition
Marking its seventh acquisition in the last 16 months, Vista Outdoor acquired Stone Glacier, an ultralight backcountry and hunting gear brand based in Bozeman, MT. Here, Vista Outdoor’s CEO Chris Metz talks to SGB Executive about Stone Glacier’s growth potential and Vista’s entry into the packs, camping equipment and technical apparel categories
Why Is Crocs Acquiring Hey Dude?
Shares of Crocs fell 11.6 percent last Thursday after the company announced plans to acquire casual shoemaker Hey Dude for a whopping $2.5 billion. On an analyst call, Crocs’ CEO Andrew Rees identified eight strategic advantages to the acquisition while analysts generally found more potential benefits than risks.
Escalade Appoints CEO And President
The Board of Directors of Escalade Inc. announced the appointment of Walter P. Glazer, Jr. as CEO and president effective January 1, 2022. Glazer has been serving as interim CEO and president.
BikeExchange Limited Acquires Kitzuma
BikeExchange, the Australia-based marketplace, has acquired Kitzuma, the Asheville, NC-based bike-shipping service that launched last December.
Wall Street Reacts: Nike’s Q222
Shares of Nike Inc. rose 6.1 percent on Tuesday after the sportswear giant reported fiscal second-quarter results that surpassed Wall Street’s expectations and maintained its guidance for the fiscal year. Analysts were impressed with the performance that was driven by better-than-expected gross margins and accelerated growth in North America although concerns included a steep sales decline in China and the timing of the supply chain recovery.
NSSF: Background Checks Top 687,000 During Black Friday Week
The National Shooting Sports Foundation (NSSF) revealed that the FBI’s National Instant Criminal Background Check System (NICS) processed 687,788 background checks during the week leading up to and including Black Friday.
SFIA Trends In Team Sports Report Reveals 2020 Organized Participation Down
The Sports & Fitness Industry Association (SFIA) released its 2021 U.S. Trends in Team Sports Report that shows the total number of Americans participating in a team sport dropped by 3.8 million players in 2020.
RV Shipments Set New November Record
Results for the RV Industry Association’s November 2021 survey of manufacturers determined that total RV shipments ended the month with 49,135 units, a new record for the month of November and an increase of 15.6 percent compared to the 42,513 units shipped during November 2020, the previous record for November.
Skechers Announces Changes To Its Board Of Directors
Skechers USA Inc. announced that Zulema Garcia has been named to its Board of Directors and appointed to serve on the company’s Audit Committee. The company also announced that four current members—Jeffrey Greenberg, Geyer Kosinski, Richard Rappaport, and Tom Walsh—have resigned from the Board bringing the total number of directors to seven.