RV Industry Association Elects Three to Board of Directors
Nine candidates were running to fill the three open Board seats in 2023. From that pool, the successful candidates for one RV Manufacturer seat, one Park Model RV Manufacturer seat, and one Supplier seat were elected.
Report: Golf Apparel Sales Weaken in August, Led by Headwear
Golf Datatech reported that golf apparel sales were down in on- and off-course specialty stores for the second straight month in August, falling by 3.5 percent after a 3.6 percent drop in July. The July decline was the first decrease in 18 months
Völkl Names Global Brand Business Director
Völkl promoted Markus Knipschild to global brand business director, a new position, responsible for the strategic direction of the brand.
Pitney Bowes Survey Sees Steady Online Growth This Holiday Season
Pitney Bowes’ BOXpoll survey found that despite conflicting economic indicators, 80 percent of consumers plan to buy online more or the same this coming holiday season as last year.
SFIA Study Finds Americans Continuing Pandemic-Discovered Fitness Routines
The Sports & Fitness Industry Association’s 2023 Tracking The Fitness Movement Report identified that participation in fitness activities grew 5.3 percent, or by 10.4 million people, since 2017. Total fitness participants rose by 800,000 year-over-year in 2022 to 205.8 million, hitting a high of 67.4 percent, surpassing the 67.3 percent rate in 2019 and 2021.
Grundéns Appoints General Manager EMEA
Grundéns hired Janne Mahlamäki as general manager for the Europe, Middle East and Africa (EMEA) region. He was a former executive at Rapala and Jack Wolfskin.
Canada Goose Product Chief, APAC Head Depart as Company Adds to Board, Hires CTO
The company said Chief Product Officer Woody Blackford and APAC President Paul Cadman have both departed. Josh Bekenstein also made the decision to resign from the Board. Canada Goose hired a new CTO and added two new members to its Board, effective immediately.
Acushnet Announces Pricing of Offering of Senior Notes
Acushnet Holdings Corp. priced an offering of $350 million in aggregate principal amount of senior notes. The notes will bear interest at a rate of 7.375 percent per annum and will pay interest semi-annually.
Nautilus, Inc. Gets Stock Delisting Warning
The New York Stock Exchange sent Nautilus, Inc. a Notice on September 21 that the company is no longer in compliance with the NYSE’s listing requirements because the company’s average closing price was less than $1.00 per share over a consecutive 30 trading-day period.
Lululemon and Peloton Ink Five-Year Strategic Global Partnership
As part of the partnership, Peloton will become the exclusive digital fitness content provider for Lululemon, and Lululemon will become the primary athletic apparel partner to Peloton.
Next Level Apparel’s Founder Returns as Interim CEO
Next Level Apparel, based in Torrance, CA, said its founder, Joe Simsoly, had been appointed interim CEO following the departure of Randy Hales.
Report: Footwear Sales Decline 3 Percent Through August
Revenue from footwear sales in the U.S. declined 3 percent year-over-year from January through August 2023 (YTD), and units sold also decreased, according to Circana.
Liberated Adds Billabong, RVCA and Honolua to Licensee Portfolio
ABG entered into a new long-term agreement with Liberated Brands to be the retail and e-commerce operator for its newly acquired brands Quiksilver, Billabong, Roxy, RVCA, Honolua and Boardriders in the U.S. and Canada.
Acushnet Holdings Corp. Earns BB Credit Rating On New Debt Offering
S&P Global Rating signed a BB’ issuer credit rating and stable outlook to Titleist’s parent Acushnet Holdings Corp.’s planned offering of $350 million of senior unsecured notes. The rating reflects S&P’s expectation that Acushnet’s sales and profits will remain steady over the next year as post-pandemic golf activity decelerates, albeit at levels above pre-pandemic levels.
Players World of Sports Gets New Owners
Players World of Sports, the retailer of tennis and pickleball products based in Hilton Head, SC, was acquired by Daryl and Kathy Daye of Bluffton, SC, and Jeff and Heather Yakes of Hardeeville, SC.
