Wahoo Fitness’ Debt Ratings Lowered On Potential Default
S&P Global Ratings lowered its debt ratings on Wahoo Fitness Acquisition, LLC on its expectation that the U.S.-based fitness technology company would pursue a debt restructuring or distressed exchange over the next six months due to a liquidity shortfall.
TaylorMade And Tiger Backing New Golf Entertainment Company
TaylorMade Golf made a “material investment” in PopStroke, a putting and dining venue backed by Tiger Woods.
PXG Opens First New York-Based Retail And Fitting Store
PXG opened its first New York-based retail store in Westchester.
Srixon/Cleveland Golf Partners With Arccos Golf
Srixon and Cleveland Golf reported a new partnership with Arccos, the maker of automatic shot tracking, data and artificial intelligence for golf.
Otis Reports 2022 Sales Rep And Agency Awards
Otis Technology recognized J.R Keller of Jeff Robles & Associates as its 2022 Sales Rep of the Year. The company also announced Jeff Robles & Associates as Sporting Goods Sales Agency of the Year, Odle Sales as Law Enforcement Sales Agency of the Year and Forward Edge Marketing Group as Government Sales Agency of the Year.
Dead Air Silencers Opens New U.S. Headquarters
Dead Air Silencers opened its new headquarters and warehouse facility in Heber City, UT. The recently built 9,000-square-foot facility will support expansion.
Study: Section 301 Tariffs Hurt American Consumers and U.S. Businesses Most
The American Apparel & Footwear Association, the Footwear Retailers & Distributors of America, the National Retail Federation, the Retail Industry Leaders Association, and the United States Fashion Industry Association released a study that calls out the detrimental economic impacts of Section 301 tariffs.
Ammo Appoints Board Member
Ammo, Inc. appointed Randy Luth, a firearm industry veteran, to serve on its board of directors. Luth previously served on Ammo’s board from 2017 to 2021.
Peloton Hires Chief Marketing Officer
Peloton named Leslie Berland as chief marketing officer effective January 18, 2023.
Big 5 Posts Double-Digit Comp Decline in Q4, Guides EPS Lower
Big 5 Sporting Goods Corp. said sales in the fourth quarter ended January 1 came in slightly lower than expectations and the retailer expects earnings for the period to come at or near the low end of its prior guidance range.
NRF Promotes From Within For Foundation Executive Director
The National Retail Federation promoted Adam Lukoskie to executive director of the NRF Foundation. He had been the Foundation’s vice president.
Score Sports Adds Board Member
Score Sports, a maker of youth team sports uniforms and equipment based in Wilmington, CA, appointed FIFA World Cup champion and two-time Olympic gold medalist Abby Wambach to its Board of Directors.
Authentic Brands Group Partners With Allen Iverson
Authentic Brands Group (ABG) formed a partnership with Allen Iverson, the legendary guard from the Philadelphia 76ers and long-time Reebok sponsor. ABG acquired Reebok in February 2022.
White Mountain Footwear Acquired By American Exchange Group
American Exchange Group reported its acquisition of White Mountain Footwear. The acquisition builds on American Exchange Group’s acquisition of Aerosoles in January 2022.
Report: U.S. Discretionary Retail Spending Dips In 2022
The NPD Group is reporting that total unit sales of U.S. discretionary general merchandise in 2022 were 7 percent lower than the prior year, and sales revenue fell 2 percent.
