Academy Sports and Outdoors Expands Board of Directors with New Appointment
The company has appointed Scott Boatwright to its Board of Directors, effective immediately. With this addition, Academy’s Board now comprises 11 directors.
Acme Tackle Company Acquires Two Brothers Innovations
The owners of the Acme, Kalin’s, Beaver Dam, Moonshine, Reef Runner, Uncle Josh, Atom, and Bead brands now add the Elliott Rods and 2B Fishing brands to its portfolio.
New Era Cap, LLC and ’47 Brand Combine to Create $2 Billion Entity
Following the close of the transaction, the New Era and ’47 brands will continue to serve consumers independently from each company’s respective headquarters in Buffalo, NY, and Westwood, MA, with ’47 led by Dominic Farrell.
Tilly’s Inc. Posts Wider Q1 Net Loss as Comps Fall Nearly 10 Percent
Net sales from physical stores were $92.8 million, a decrease of 5.1 percent year-over-year, while net sales from e-commerce were $23.0 million, a decrease 10.8 percent year-over-year.
F45 Training and David Beckham Resolve Past Business Dispute
The company has reached an agreement resolving a prior lawsuit brought by DB Ventures Limited, which concerned an ambassadorial deal with David Beckham. The lawsuit will be dismissed, and DB Ventures Limited will reportedly remain an investor in F45 Training.
MNC Capital Ups Offer for Vista Outdoor to $3.0 Billion
MNC Capital Partners, L.P. has submitted an increased all-cash proposal to acquire all of the outstanding shares of Vista Outdoor, Inc. for $39.50 per share, or over $3.0 billion.
U.S. Senate Finance Committee Set to Tackle GSP Renewal, Other Trade Practices
It is the Outdoor Industry Association’s hope that Senator Wyden’s and the Finance Committee’s leadership will “create the needed momentum to pass GSP renewal into law.”
Freeride Skiing and Snowboarding Recognized as an Official Discipline by FIS
The International Ski & Snowboard Federation (FIS) has recognized Freeride Skiing and Snowboarding as an official discipline. The decision was made on June 5, 2024 during the FIS General Assembly held in Reykjavik, Iceland.
Adidas Yeezy and Fear of God Top Brands Flagged in StockX Verification Process
According to the data, the No. 1 reason StockX rejects products during its verification process is signs of previous wear (29 percent), with suspected fakes (19 percent) being the second most cited reason for failure.
Game-Set-Match to Open Second Tennis + Pickleball Store in Vegas
Plans for the new store include a soft opening in the Fall of 2024, pending store construction timing, with a full-scale grand opening in the Spring of 2025. The new store will be located at 2273 N. Green Valley Parkway, in Henderson, NV.
Cinelli Appoints New Australian Distributor
Cinelli inked a new partnership with La Dolce Velo, appointing the company as the exclusive distributor of Cinelli bikes, frames, components, apparel, and accessories in Australia.
Lands’ End Sees 2023 Momentum Continuing into Q1 as GMV Rises
Net revenue decreased 7.8 percent for the first quarter to $285.5 million. Global eCommerce Net revenue was $195.5 million, a decrease of 3.7 percent year-over-year. Gross Merchandise Value (GMV) increased by low single digits compared to the first quarter of 2023.
The Buckle Posts 7.6 Percent Comp Sales Decline for May
Net sales for the 4-week fiscal month ended June 1, 2024 decreased 8.2 percent to $82.0 million from net sales of $89.3 million for the prior-year fiscal month in 2023.
G-III Apparel Invests in Iberian Agent for DKNY, Donna Karan and Karl Lagerfeld
The move is said to accelerate the international expansion of G-III’s owned brands through a partnership with All We Wear Group (AWWG), for an ownership stake of approximately 12 percent.
G-III Apparel Group Sees Flattish Q1 Sales; Updates Fiscal 2025 Outlook
Performance was said to be driven by double-digit increases in DKNY and Karl Lagerfeld, along with a successful relaunch of Donna Karan, reflecting the company’s commitment to investing in its owned brands.
