Monomoy Capital Completes Acquisition Of West Marine
Monomoy Capital Partners completed the acquisition of West Marine Inc. at a price of $12.97 per share or a total of approximately $337 million.
New York Partnership Highlights Hunting’s Economic Impact
Hunting is big business in New York. That’s the message local and regional leaders representing New York’s sporting and business communities are hoping the public will understand with a new partnership called Hunting Works For New York.
Under Armour Introduces Global Footwear Innovation Hub In Portland
Under Armour unveiled a new center for performance innovation in Portland, OR, bringing footwear design and development under one roof. The innovation hub includes a forward-looking biomechanics lab and performance training center for athlete testing.
Boot Barn Acquires Four-Store Boot Chain In Texas
Boot Barn Holdings Inc. completed a transaction to acquire the four-store operations of Wood’s Boots, Inc., a family-owned retailer based in Midland and Odessa, TX. The retailers also provided an update on the impact on hurricane damage.
L.L.Bean To Open its Third Illinois Store In 2018
L.L.Bean continues its national retail expansion with the opening of its third Illinois store, scheduled to open the fall of 2018.
Dick’s Pledges More Than $5.5 Million Towards Hurricane Relief Efforts
Dick’s Sporting Goods, along with The Dick’s Sporting Goods Foundation, announced a $5.5 million commitment to support communities impacted by Hurricanes Harvey and Irma.
Cabela’s-Bass Pro Merger To Close September 25
Cabela’s Inc. said in a regulatory filing that it expects to to complete its merger with Bass Pro on September 25.
American Knife & Tool Institute Introduces Freedom Of Commerce Act
The American Knife & Tool Institute (AKTI) and Senator Mike Crapo announced the introduction of the Freedom of Commerce Act, legislation that will repeal the Federal Switchblade Act of 1958 (15 U.S.C. § 1241 – 1244) and allow consumers to purchase any automatic knife legal in their state, regardless of where it was manufactured.
American Outdoor Brands Slashes Guidance Amid Ongoing Firearms Softening
American Outdoor Brands slashed its earnings guidance for its fiscal year after reporting first-quarter results that missed expectations.
Aisle Talk, Week Of September 4
Top headlines from the active lifestyle industry you may have missed this week.
Nikwax Awards KNS Reps Agency Of The Year
Nikwax named KNS Reps as its Agency of the Year. KNS has represented Nikwax in the Rocky Mountain region for multiple years.
American Outdoor Brands Sees Steep Q1 Sales Decline
American Outdoor Brands, formerly Smith & Wesson, reported a loss in the first quarter ended July 31 on a 37.7 percent drop in sales.
Synovus Receives Regulatory Approval To Complete Cabela’s Transaction
Synovus Bank, a wholly-owned subsidiary of Synovus Financial Corp., said it received regulatory approval from the Board of Governors of the Federal Reserve System to acquire certain assets and assume certain liabilities of World’s Foremost Bank (WFB), the credit card operation of Cabela’s Inc.
NRF Lowers 2017 Forecast Following Government Data Revision
The National Retail Federation adjusted its forecast for retail sales for 2017, saying sales are now expected to increase between 3.2 percent and 3.8 percent rather than the 3.7 to 4.2 percent forecast earlier this year.
Dick’s SG Believes Golf And Best Buy Turnarounds Offer Hope For Athletics Recovery
On Tuesday at Goldman Sachs’ 24th Annual Global Retailing conference in New York City, Ed Stack, chairman and CEO of Dick’s Sporting Goods, likened the potential recovery in the athletic space to the recent bounce back in the golf category as well as the surprise turnaround by Best Buy.
