Massimo Group Closes IPO; Commences Nasdaq Listing
The manufacturer and distributor of powersports vehicles and pontoon boats, closed on the initial public offering of 1,300,000 shares of its common stock at an IPO price of $4.50 per share.
Christy Sports Shuttering All New Mexico Stores
Christy Sports operates six stores in New Mexico, including four in Taos Ski Valley under the banners Cottam’s, Alpine Xtreme and Bootdoctor’s. One location in downtown Taos is under Cottam’s, and there is one seasonal Cottam’s in Santa Fe.
Tommie Copper Acquires Profoot Footcare Device Division
This strategic carve-out acquisition is expected to integrate Profoot’s innovative device portfolio and technology into Tommie Copper’s pain management offerings, continuing its focus on pain relief solutions for foot pain.
Celsius Holdings Adds Sales and Distribution Partner for France
The maker of energy drink brand Celsius, plans to expand its sales and distribution to France beginning in the fourth quarter of 2024.
Perfect Game Announces Investor Group
Perfect Game, the youth and high school diamond sports platform, announced its investor group, which is made up, in part, of 21 former and active MLB players.
Pickleball Kingdom Expands Into Idaho
Pickleball Kingdom’s expansion into Idaho marks a significant milestone in the company’s growth strategy.
TruFit Athletic Clubs Expands Team with Key Executive Hires
The fitness club owner appointed Chip Pelaskey as the VP of sales and Brea Ballard as VP of marketing. Both Pelaskey and Ballard stepped into their roles at the close of 2023.
Riddell Acquires Product Design and Development Partner
The company has acquired longtime partner Simbex, the health research and product design and development company headquartered in Lebanon, NH, to elevate its position in sports technology.
Riddell Receives Strategic Investment to Fuel Growth
The influx of capital will fuel advancements in protective sports equipment and performance technologies.
Consumer Confidence Index Flat in March, but Outlook Index May Signal Trouble Ahead
The Consumer Confidence Index was 104.7 in March, essentially unchanged from February. But the Expectations Index, based on consumers’ short-term outlook for income, business and labor market conditions, fell to 73.8, which is in recession territory.
NRF: Economy Remains ‘Sturdy’ Despite Forecast for Slower Growth
Adjusted for inflation, GDP is expected to grow about 2.3 percent year-over-year, slower than last year’s 2.5 percent but still strong enough to sustain job growth that drives consumer spending.
Sportsman’s Warehouse Posts DD Same-Store Sales Decline in Q4; Swings to Loss
The retailer reported lower-than-expected Q4 sales for the 14-week period ended February 3, but indicated it was successful in reducing excess inventory. Same-store sales decreased 12.8 percent on a 13-week comparable basis.
SwingU Promotes Calli Ringsby to Head of Product
Ringsby, a Stanford graduate and national championship-winning women’s golf team player, is “passionate about empowering women in technology.” She leads an all-female product team at SwingU.
KemperSports Hires Industry Veteran as Senior VP, Golf Strategy and Growth
Jim Boedecker is responsible for leveraging KemperSports’ growing portfolio of golf and sports properties and assets to create new revenue streams. He will also develop new lines of business for KemperSports in and around golf, sports and hospitality.
Leki USA Hires New Sales Representation for Great Lakes Region
Specialty Sports Reps (SSR) will cover the Great Lakes trekking and outdoor retail territory (Michigan, Ohio, Indiana, and Kentucky), effective immediately.
