Water Sports Industry Association Makes Hires, Names VP of Government Affairs
The Water Sports Industry Association (WSIA), based in Orlando, promoted Lee Gatts to vice president of government affairs. The non-profit also hired Aaron Hallenberg as Northwest government affairs manager, Ethan Hellier as Midwest government affairs manager and Megan Thielfoldt as communications and marketing director.
Play It Again Sports’ Parent Sees Q2 Profits Improve Sharply
Winmark Corp., the parent of Play It Again Sports, reported earnings improved 14.9 percent in the second quarter ended July 1.
Camping World Holdings Promotes Two Execs to EVP Roles
Camping World Holdings, Inc. promoted Brenda Wintrow and William Colling, II, to executive vice president roles. The company said the appointments reflected its commitment to recognizing and developing talent from within while further strengthening its leadership team as it works toward continued growth.
Lezyne Inks Partnership with New Swiss Distributor
German bike accessories brand Lezyne has partnered with Swiss distributor Chris Sports AG, effective September 1, transferring responsibility from current partner TST-GPR.
Birkenstock’s Debt Ratings Upgraded on Strong Operating Performance
S&P Global Ratings raised its debt ratings on Birkenstock as the German-based footwear brand’s sales growth of close to 29 percent and S&P Global Ratings-adjusted EBITDA margin of 29 percent in fiscal 2022 outperformed the rating agency’s expectations.
New Report Finds Interest in Solo Camping Jumped in 2022
A new report published by the camping information and booking app The Dyrt found that there was a growing interest in camping alone among its community.
U.S. Trade Activity Rebounds But Global Trend Continues to Weaken
Volume of new orders and invoices exchanged between U.S. buyers and their suppliers grew at 3 points above its expected range in Q2, recovering from a level 6 points below the baseline in the previous two quarters.
Fashion Brand Styched Acquires India Sneaker Startup Flatheads
Styched, an online apparel brand based in India and founded in 2019, acquired Flatheads, a direct-to-customer (DTC) online casual sneaker start-up that gained attention after appearing in season two of Shark Tank India.
Christy Sports Launches Site to Sell Used Rental Gear
Christy Sports launched an online resale marketplace called Yard Sale, accessible through its website. Yard Sale will initially feature “pre-loved” adult ski and snowboard rental equipment.
South Korean Fashion E-tailer Musinsa Nets $190 Million Funding Round
Musinsa, an online fashion platform in South Korea, raised a $190 million round of Series C funding led by KKR, with participation from Wellington Management.
Brunswick Corp. Warns on IT Security Event Impact on Q2, Full Year EPS
Brunswick Corp. said the preliminary results are below initial expectations for the quarter due solely to the impacts of the recent IT security incident that was disclosed in June. Full-year Adjusted EPS expectations are estimated at approximately $9.50 per share.
Topgolf Callaway Brands Hires New Investor Relations Manager
Topgolf Callaway Brands Corp. said Katina Metzidakis had joined the company as vice president of investor relations and corporate communications, reporting to CFO and chief legal officer Brian Lynch.
Aspen One Names CEO
Aspen One, the newly-named parent of the Aspen Skiing Company, Aspen Hospitality and ASPENX, hired David Tanner as CEO. Previously, Tanner was the CEO of Boardriders, Inc. and a partner at Oaktree Capital Management.
Retail Sales Up Again in June Despite Slower Job Growth
The U.S. Census Bureau is reporting overall retail sales in June were up 0.2 percent from May and up 1.5 percent year-over-year (YoY). Sporting goods stores were down 1 percent MoM seasonally adjusted and down 0.9 percent unadjusted YoY.
Dutch E-Bike Maker VanMoof Declared Bankrupt
Dutch e-bike manufacturer VanMoof has been declared bankrupt in the Netherlands. The company had entered into a “suspension of payment” proceeding with court-assigned administrators last week to avoid bankruptcy proceedings while pursuing options to reduce debt, including a sale.
