ESPN Sells Majority Interest In X Games
ESPN sold its majority stake in the X and Winter X Games to MSP Sports Capital, a sports-focused private equity firm that has stakes in McLaren Racing and some European soccer teams.
Ugg Opens First ‘Feel House’ Pop-Up In Brooklyn
Ugg opened its first Feel House pop-up “dedicated to self-expression,” in the Williamsburg neighborhood in Brooklyn that draws a fashionable crowd.
LA Gear Partners With Fred Segal To Support Relaunch
LA Gear will relaunch on November 18, 2022, with Creative Director Dave Osokow and retail partner Fred Segal, ahead of its 40th anniversary.
Pou Sheng Issues Profit Warning
Pou Sheng, the retail subsidiary of Yue Yuen, forecasted a decline in year-over-year net profits due to weak consumer sentiment in China associated with COVID-19 lockdowns and lower store traffic in cities where it operates.
EBay Acquires TCGplayer
EBay, Inc. completed its acquisition of TCGplayer, a collectible card game marketplace, for a deal value of up to approximately $295 million.
Nike Opens Store In Harlem
Nike opened a Nike Unite store in Harlem. Located on 125th Street, this is Nike’s northernmost Manhattan location.
Ross Stores To Open 40 Locations
Ross Stores, Inc. recently opened twenty-eight Ross Dress for Less and twelve dd’s Discount stores across 21 states in September and October. The new stores complete the company’s growth plans for fiscal 2022 with the addition of 99 new stores.
Garmin Wins Patent Lawsuit Over Smartwatch Technology
Garmin International, Inc., a subsidiary of Garmin, Ltd., won its patent lawsuit brought by Logantree LP against Garmin in Kansas federal court.
Outdoor Edge Cutlery Grows Sales Team
Outdoor Edge Cutlery hired Marty Owens as vice president of sales, East. The manufacturer of knives, blades and hand tools also hired manufacturer’s rep groups—Odle Sales Agency (Midwest), Wild West Marketing (West), Murski Breeding Sales (Southeast), and JKS Unlimited (Northeast).
Newell Brands’ Outdoor Segment’s Q3 Sales Slump 26 Percent
Newell Brands reported sales in its Outdoor & Recreation segment fell 26.1 percent in the third quarter ended September 30. The decrease reflects a core sales decline of 18.4 percent, as well as the impact of exits from certain low-margin categories and unfavorable foreign exchange.
Xterra Hires EMEA General Manager
Xterra hired Doug Hall to the newly created position as general manager of the EMEA region, to focus on brand expansion, quality control and business operations.
Thule’s Q3 Sales Drop 23 Percent
Thule reported a sharp decline in earnings on a 23 percent revenue decline in the third quarter due to weakness in the bike channel.
Vail Resorts’ Debt Ratings Upgraded
Moody’s Investors Service upgraded Vail Resorts, Inc.’s debt ratings to reflect its expectation for solid operating performance over the next year following strength in its 2021/22 ski season, demonstrating consumer demand and good operating execution.
Belk Names President And Chief Merchandising Officer
Belk hired MaryAnne Morin as president and chief merchandising officer. Morin will lead the company’s merchandising, planning and private brands teams.
Camber Outdoors Names Chief Of Staff
Camber Outdoors hired Mindy Silva as chief of staff, effective immediately. In this newly created position, Silva will act as a strategic thought partner and advisor to Camber’s CEO, Tiffany Smith.
