EXEC: Dick’s SG and Foot Locker Confirm $2.4 Billion Merger Deal
After seeing the global ambitions grow for JD Sports and Sports Direct, now comes the colonists, with Dick’s Sporting Goods fighting the good fight to protect the motherland from the ambitions of the crown while offering a new global vision for the Dick’s Sporting Goods and Foot Locker brands.
Inflation Rise Falls Short of Estimates; CPI Posts Slowest Annual Rate Since 2021
On an annual basis, CPI came in at 2.3 percent, reportedly the slowest annual rate since early 2021, countering the consensus estimate that it would hold at 2.4 percent.
U.S. Customer Satisfaction Falls in First Quarter
The American Customer Satisfaction Index has remained flat or dropped in four consecutive quarters, something that has not occurred since the COVID pandemic.
Thompson/Center Arms Partners with Four Agencies to Expand Nationwide Sales Reach
Precision Sales & Marketing, ProActive Sales & Marketing, Ken Jefferies & Associates (KJ&A), and BCE Marketing have partnered with T/C Arms on a new nationwide sales strategy.
CZ-USA Advances Operations; Hires Three Senior Leaders
Petr Pišt?lák comes on board as president of U.S. Operations, Tom Taylor as chief marketing officer and executive vice president, and John Dain, who joined the company in 2024, was promoted to executive vice president, Commercial Sales.
Faxon Firearms Taps Precision Sales Unlimited for Midwest Region
Precision Sales Unlimited will represent the company in Ohio, Kentucky, Indiana, Illinois, and Michigan. Faxon now has the most rep coverage in the company’s 13-year history.
EXEC: Under Armour’s Turnaround On Track, Forgoes FY Guidance on Tariff Uncertainty
Under Armour, Inc. saw another quarter of progress in its turnaround efforts but refrained from providing guidance for the full year due to the tariff situation. Officials told analysts they’re exploring “a range of mitigation strategies” to offset tariffs, including cost sharing, sourcing diversification and potential price adjustments.
Airstream Parent Thor Industries Appoints Head of Corporate Development & IR
The parent of the Airstream, CrossDoads, CruiserRV, Dutchman, Enter, Heartland RV, Highland Ridge RV, Jayco, Keystone, KZ, Starcraft, Thor, Tiffen, and Venture RV brands hired Seth Woolf as head of corporate development & investor relations.
EXEC: Yonex Sees Racquet Sports Boost from Summer Olympics
Japan-based racquet sports and golf equipment manufacturer Yonex Company, Ltd. reported revenues expanded 18.8 percent in its fiscal year ended March 31 to ¥138.2 billion ($936 mm). Sales for Badminton and Tennis increased in Japan and overseas due to strong demand.
Academy Sports Board Member Resigns
Scott Boatwright, an independent board member, has resigned as a director, reducing the size of its board from eleven to ten directors.
Solo Brands’ Q1 Sales Slide 9.5 Percent On Solo Stove’s Restructuring
Solo Brands Inc’s. sales declined 9.5 percent in the first quarter ended March 31 as Solo Stove’s revenues tumbled 49 percent, as planned, due to efforts to reduce discounting and promotion in its DTC channel. The company showed a loss in the period and reiterated its going concern warning.
Former Pelican International Execs Acquire and Merge Pelican and Confluence
The transaction was led by former Pelican President and CEO Danick Lavoie, along with former executives Frederic Guay and Guy Prenevost, and supported by a diverse and experienced group of private investors. The deal excludes GSI Outdoors.
Under Armour Fiscal Q4 Revenues Slump 11 Percent; Expects MSD Decline In Q1
Under Armour, Inc.’s revenues declined 11 percent in the fourth quarter and 9 percent in the fiscal year ended March 31, but both sales and adjusted earnings topped guidance.
GoPro, Inc. Sees Q1 Revenues Decline DD as Company Looks to Services for Upside
Subscription and service revenue increased 4 percent year-over-year to $27 million, primarily due to 5 percent ARPU growth from improving retention rates. GoPro.com revenue, including subscription and service revenue, was down 18 percent year-over-year.
Daniel Defense Names Executive Director of Double D Foundation
The company said the Double D Foundation has “already made a powerful impact in Georgia and South Carolina by funding youth shooting sports teams, equipment and training, helping develop a culture of skill, responsibility and patriotism.”
