Xponential Fitness Sets Pricing For Secondary Offering
Xponential Fitness, Inc. has priced the previously announced underwritten public offering of 5,000,000 shares of the company’s Class A common stock by certain of the company’s existing stockholders, affiliates of Snapdragon Capital Partners and Anthony Geisler at a public offering price of $24.50 per share.
Drexel Extends Partnership With Nike And BSN Sports
Drexel Athletics has extended its endorsement deal with Nike and BSN Sports to continue to be the school’s official apparel, footwear and uniform provider.
Simon Property Group Sells Off Eddie Bauer Interest
Simon Property sold its interest in its Eddie Bauer licensing joint venture in exchange for additional equity ownership in Authentic Brands Group.
JD Sports Completes Divesture Of Tessuti Brands
JD Sports Fashion Plc, parent of JD Sports, Finish Line, DTLR, and Shoe Palace, completed the divestment of the businesses which trade as Tessuti (inc Xile), Scotts, Choice, Giulio, and Cricket to Frasers Group Plc.
Bob’s Stores Opens Western Mass Location
On February 10, Bob’s Stores will open a new location in Western Massachusetts in the Holyoke Mall. The store will house departments dedicated to activewear, denim, casual, workwear, team, and footwear.
Designer Brands Acquires Keds From Wolverine Worldwide
Designer Brands, the parent of DSW, reported it acquired Keds from Wolverine Worldwide. The company also expanded its agreement with Hush Puppies to include U.S. and Canadian licensing.
Under Armour Raises Full-Year Guidance On Strong Q3 Beat
Under Armour, Inc. raised its earnings guidance for the year as its earnings for the fiscal third quarter ended December 31 easily topped Wall Street’s targets as gross margin pressures were offset by cost controls. Sales were slightly above consensus targets. One area of concern was inventory levels, which were up 50 percent.
NRF: February Imports Expected To Be Lowest In Nearly Three Years
According to the Global Port Tracker report released by the National Retail Federation and Hackett Associates, import cargo volume at the nation’s major container ports is expected to drop to nearly its lowest level this month since the beginning of the pandemic.
Titleist Parent Acquires Club Glove
Acushnet Holdings Corp., the parent of Titleist and Footjoy, reported it had purchased the Club Glove brand from West Coast Trends, Inc.
Delta Apparel Posts Loss On Inflationary Pressures
Delta Apparel logged a loss in the fiscal first quarter ended December 31 due to inflationary raw material costs and production curtailment expenses. The company was impacted by reduced demand in the mass retail supply chain served by its Delta Direct channel.
OutsidePR Adds Account Manager
Hailing from Vermont, OutsidePR hired Zachary Levy as an account manager.
Lippert Appoints Chief Technology Officer
Mark Woloszyk was promoted to Lippert’s chief technology officer. In this role, he will lead Lippert’s global product technology and innovation initiatives, reporting to Jamie Schnur, president of aftermarket and technology.
Four Seasons Investments Adds RV Rental Company To Portfolio
Four Seasons Investments acquired Scamper RV Rentals, based in Atlanta, which claims to be the largest camper van rental agency in Georgia and is also an independent consumer-direct builder of RV vans.
DLP Capital Acquires High-End RV Resort In Central Florida
DLP Capital, a private real estate investment and financial services firm, has acquired Ocala North RV Resort for a purchase price of $33 million.
Wittek Golf Supply Names Operations Manager
Wittek Golf Supply has named David Huntzinger as operations manager at its Lyons, GA facility where the company manufactures golf flags, embroidery, screen printing, and sewing.
