Academy Sports Q1 Tops Expectations
Academy Sports reported first-quarter results that topped Wall Street targets but the retailer still slightly lowered its outlook due to macroeconomic challenges. Ken Hicks, CEO said, “We are satisfied with our first-quarter results as the company continued to position itself for long-term growth and expansion as we executed effectively in a highly dynamic environment and against a very strong prior-year quarter.”
ZT Corporate Acquires Baseball Nation
ZT Corporate, a Houston-based private equity firm, announced the acquisition of Baseball Nation, a baseball organization that hosts training, multiple leagues and tournaments at its North Texas facilities.
Peloton Appoints CFO
Peloton Interactive, Inc. announced it had appointed Liz Coddington as chief financial officer, effective June 13, 2022.
Compass Diversified To Acquire PrimaLoft
Compass Diversified (CODI) has entered into a definitive agreement to acquire the equity of PrimaLoft Technologies Holdings, Inc., the parent company of PrimaLoft Inc., for an enterprise value of $530 million.
PLAE Appoints Director Of Product Innovation
PLAE, the fitness equipment maker based in Canton, GA, hired Roy Simonson as director of product innovation.
REI To Open Third Location In South Carolina
REI Co-op will open a new store in Mount Pleasant, SC in fall 2022.
Moody’s Lowers Wolverine’s Debt Outlook
Following a similar move by S&P Global Ratings, Moody’s Investors Service changed Wolverine World Wide, Inc.’s outlook to negative from stable.
Two Bidders Seek Discount Price To Acquire Kohl’s
Private equity chain Sycamore Partners and retail conglomerate Franchise Group have submitted bids to acquire Kohl’s, sources told the Wall Street Journal. Both offers were well below amounts the company turned down earlier this year.
Amazon Consumer CEO Resigns
Amazon’s consumer CEO, Dave Clark, will leave the company next month, the e-commerce giant announced in a blog post Friday and reflected in a regulatory filing.
Rally House Adds Stores in Philadelphia, Louisville And Kansas City
Rally House opened new stores in Philadelphia, Louisville and Kansas City markets.
Lululemon Hikes Outlook As Q1 Tops Guidance
Lululemon Athletica Inc. raised its earnings and sales guidance for the year after reporting first-quarter results that surpassed its expectations. Sales were up 32 percent in the first quarter with same-store sales ahead 24 percent.
Golftec Opens Location In San Diego
Golftec announced the opening of an instruction and club fitting center in San Diego, CA at 7510 Hazard Center Drive.
Rocky Mountain Bicycles Appoints CEO
Rocky Mountain Bicycles, based in Saint-Georges, Quebec, has appointed Katy Bond as CEO. Company owner Raymond Dutil becomes executive chairman and coach of innovation.
NRF Says Economy ‘Being Rebalanced’ But ‘Extreme Cooling Off’ Seems Unlikely
The Federal Reserve faces “a tricky job” in addressing inflation but continuing growth in employment, wages and consumer spending make it unlikely the effort will backfire into a major setback for the economy, National Retail Federation Chief Economist Jack Kleinhenz said.
Rawlings Appoints President
Rawlings Sporting Goods Company, Inc. announced the promotion of Ronald Ostrowski from CFO to president effective immediately. He will continue to report to Mike Zlaket, CEO.
