PGA Tour, DP World Tour And LIV Golf Ink Merger Deal; Saudis To Chair Board
The PGA Tour, DP World Tour and the Public Investment Fund (PIF) have signed an agreement that combines PIF’s golf-related commercial businesses and rights (including LIV Golf) with the commercial businesses and rights of the PGA Tour and DP World Tour into a new, collectively owned, for-profit entity.
G-Form Awarded $1.2 Million R&D Agreement With U.S. Army
G-Form has secured its first Other Transaction Authority Agreement for Prototype (OTAp) with the U.S. Army Development Command – Soldier Center (DEVCOM SC), which ensures the dominance of Army capabilities by creating, integrating, and delivering technology-enabled solutions for soldiers.
Oboz Footwear Names Independent Sales Reps For Two Key Territories
Oboz Footwear named Stoner//Andrews and Evergreen Outdoor Group to represent the brand in New England and the Northwest, respectively.
Helinox Names New Independent Sales Reps For New England
Helinox partnered with Mindful Outdoor Sales to support the brand’s continued growth in the Northeastern U.S. region.
Rossignol Group Appoints New GM Of Global Softgoods Division
The Rossignol Group has tapped Liz Wilson as general manager of the Group’s global Softgoods division. After earlier stints at Nike and TNF, Wilson most recently acted as SVP of global product creation for Outdoor Research where she helped to double the brand’s business over four years.
BRC: May U.K. Retail Growth Moderates Despite Trio Of Bank Holidays
U.K. total retail sales increased 3.9 percent in May, against a decline of 1.1 percent in May 2022; this is below the 3-month average growth of 4.7 percent and above the 12-month average growth of 3.4 percent.
Academy Sports Trims Full-Year Outlook On Q1 Shortfall
Academy Sports and Outdoors, Inc. slightly reduced its guidance for the year after reporting results for the first quarter ended April 29 missed plan although the sporting goods chains predicted sales would improve in the back half of the year.
Bala Footwear Brand Founded By Former Nike, UA Execs Acquired By Careismatic
Careismatic Brands, Inc. reported it acquired Bala footwear, a nursing footwear company. Bala was founded in 2020 in Portland, OR, by former Nike executives Brian Lockard and John Eberle and former Under Armor executive Caprice Neely.
Thor Industries’ Revenues Drop 37 Percent In Fiscal Third Quarter
Thor Industries, Inc. reported earnings fell 65.3 percent in the fiscal third quarter ended April 30 on a 37.1 percent revenue decline against pandemic-boosted results in the year-ago quarter. The maker of RVs slightly raised its outlook for the year on a better-than-expected performance.
Traeger Appoints Former Fanatics, UA Ops Chief As President Of Meater Brand
Traeger, Inc. appointed Jim Hardy as president of the Meater brand. Hardy has been the COO of Traeger since September 2022 and previously as its chief supply chain officer since March 2021. Hardy held the position of COO of Fanatics, Inc. and was EVP of global operations for Under Armour, Inc.
G-III Apparel Lifts 2023 Outlook On Strong First Quarter
G-III Apparel Group, Ltd. raised its outlook for sales and earnings for the year after reporting first-quarter results came in well above its guidance. The company also announced a new long-term license for the Halston brand.
VF Corp. Launches Operations At New Ontario, CA Distribution Center
VF Corp. started operations at its new distribution center in Ontario, CA, employing approximately 550 people during peak periods. The company said the new 1.2 million-square-foot facility is the largest and most efficient within its global network of 46 distribution centers.
NSSF-Adjusted NICS Background Checks Flattish In May
The May 2023 NSSF-adjusted National Instant Criminal Background Check System (NICS) figure of 1,174,142 is a decrease of 0.1 percent compared to the May 2022 NSSF-adjusted NICS figure of 1,174,791.
New Balance Breaks Ground On Maine Factory Expansion
New Balance broke ground to expand its athletic footwear manufacturing factory in Skowhegan, ME. The $65 million, 120,000-square-foot single-story addition, scheduled to be completed by the end of 2024, will add 200 jobs and double the factory’s production capabilities.
Gatorade Opens New Sports Science Lab
Gatorade opened its newest Gatorade Sports Science Institute (GSSI) Research & Development lab in Valhalla, NY. The R&D facility will support product development across all Gatorade portfolio brands, including Gatorade, Fast Twitch, Propel, Muscle Milk, and Evolve.
