SGB Update

Gear Coop Appoints Craig Levra President

Gear Coop appointed Craig Levra, former CEO of Sport Chalet, as president. Levra will partner with Gear Coop founder and CEO Terry Lee to drive its next leg of growth.

Physical Activity Study Shows 28 Percent of Americans Inactive

For more than five years, over a quarter of the U.S. population has indicated they were inactive. However, the 2018 Physical Activity Council Participation Report also indicates a moderate rise in participation for many sports and activities, including fitness sports, outdoor sports and winter sports.

Gympass Launches In The U.S.

Gympass, a platform that helps companies engage their workforce in physical activity by providing access to thousands of fitness facilities, announced its U.S. launch in 12 key markets.

American Outdoor Brands Responds To BlackRock Inquiries

In response to inquiries from asset manager BlackRock Inc. on its commitment to gun safety, the parent of Smith & Wesson wrote in part, ”We must collectively have the courage to ensure any actions are guided by data, by facts, and by what will actually make us safer — not by what is easy, expedient, or reads well in a headline.”

Acushnet Q4 Revenues Climb 6.6 Percent

Acushnet Holdings Corp., the parent of Titleist and FootJoy,  reported a profit against a loss in the fourth quarter. Sales rose 6.6 percent, led by a 9.5 percent gain in Titleist golf balls.

Dick’s And Wal-Mart Sued Over Age Limitations On Gun Sales

An 20-year-old from Oregon sued Dick’s Sporting Goods and Wal-mart for discrimination because both retailers moved to restrict gun sales to adults 21 and older in the wake of the Florida high school massacre, according to the Oregonian.

Moody’s Assigns B3 CFR To Boardriders

Moody’s Investors Service assigned a B3 Corporate Family Rating (CFR) to Boardriders Inc.. At the same time, Moody’s assigned a B3 rating to its proposed $450 million Senior Secured Term Loan due 2024 and a B3-PD Probability of Default (PDR) rating. The rating outlook is stable.

Bogs Sales Decline 10 Percent In Q4

Weyco Group Inc. reported sales of Bogs sales declined 10 percent for the fourth quarter, mostly due to lower sales to outdoor and online retailers.

WHOOP Announces $25 Million Series C Financing

WHOOP, the human performance company, announced a $25 million Series C financing round led by UAE71 Capital with participation from the National Football League Players Association (NFLPA), Durant Company, Thursday Ventures, and existing investors including Two Sigma Ventures, Accomplice, Mousse Partners, Promus Ventures and NextView Ventures.