Compass Diversified Re-Works Board As Sally McCoy Plans Departure
Compass Diversified (CODI), owner of Velocity Outdoor, BOA, Marucci, Primaloft, 5.11, and other businesses in the active lifestyle space, announced that its Board of Directors had nominated a new director candidate for election at its 2023 Annual Meeting of Shareholders on May 25.
Lululemon’s Q4 Profits Drop On Mirror Impairment Charge
Lululemon Athletica Inc. reported a sharp decline in earnings for the fourth quarter due to an impairment charge of $442.7 million related to its Mirror connected-fitness business. Earnings on an adjusted basis grew 31 percent as comparable-store sales jumped 27 percent, topping analyst targets.
Burberry To Acquire Technical Outerwear Factory
Burberry announced plans to acquire a specialist technical outerwear factory from Pattern SpA, a longtime supplier whose business activities include engineering and production of luxury garments. The purchase price is €21 million ($23 mm).
Oofos Sees 82 Percent Year-Over-Year Sales Growth; Completes New Funding Round
Oofos reported it completed a growth investment round of funding led by Derek Carr, quarterback of the New Orleans Saints, retired NFL quarterback Alex Smith and women’s college basketball coach Dawn Staley.
Leatt Corp.’s Revenues Fall In Fourth Quarter
Leatt Corp. reported sales fell 53 percent in the fourth quarter against difficult year-ago comparisons while sales for the year rose 5 percent.
Ammo, Inc. Extends Share Repurchase Plan
Ammo, Inc.’s Board of Directors approved extending its share repurchase program for up to $30 million of its outstanding common stock until February 2024.
Survey Says Consumer Interest In Sustainable Products/Practices Remains High
According to a survey of more than 1,000 U.S. consumers conducted by supply chain technology company Blue Yonder, nearly half of all respondents reported increased interest in eco-conscious habits over the past year; however, they remain wary of corporate sustainability claims.
Brunswick Corp. Sees Strong Showing For Boat Brands At Recent Show
Brunswick Corporation reported that its boat brands finished off at the Palm Beach International Boat show with record outboard market share and increased boat sales.
Winnebago To Acquire Lithium-Ion Battery Solutions Provider
Winnebago Industries, Inc. has agreed to acquire Lithionics Battery, a lithium-ion battery provider, to the recreational equipment and specialty vehicle markets. The terms of the deal were not disclosed.
The Pro’s Closet Rebrands As TPC
The Pro’s Closet, the certified pre-owned bike dealer, rebranded as TPC.
PVH Corp Flys Past EPS Guidance In Q4
PVH Corp., the parent of Tommy Hilfiger and Calvin Klein, fourth-quarter earnings were down due to higher costs and increased promotion as sales on a currency-neutral basis climbed 8 percent. Earnings came in well ahead of company guidance.
K-Swiss To Sponsor Pickleball Slam
K-Swiss reported it signed on as a sponsor of the 2023 inaugural Pickleball Slam on April 2 at the Hard Rock Live at the Seminole Hard Rock Hotel & Casino in Hollywood, FL.
Varsity Brands To Pay $43.5M In Antitrust Settlement
Varsity Brands has agreed to pay $43.5 million to settle a federal lawsuit that the student apparel company and producer of cheerleading events abused its industry dominance, causing private gyms and spectators to pay artificially inflated prices.
Long-Time Outdoor Cap Rep To Retire
On March 31, Lisa Hawkins, Outdoor Caps outside sales rep for Idaho and Oregan will retire. Randy Snyder, who represents the brand in Alaska, Montana and Washington, will assume her role in those states.
Bote Opens New Flagship Store In Fort Lauderdale
Bote opened a retail location in Fort Lauderdale, FL, with an exterior that features the brand’s black-and-white flagship design.
