GT Golf Holdings Acquired by Private Equity Firm
Kinzie Capital Partners LP, a Chicago-based private equity firm, has acquired GT Golf Holdings, Inc., the golf accessories provider based in Vista, CA. The transaction was completed in partnership with the company’s management.
Ski Haus Opens In Woburn
Ski Haus opened its third store in Woburn, MA. The ski retailer also operates locations in Salem, NH and Framingham, MA.
Whole Foods Now Accepting Zappos Returns
Zappos reached an agreement for customers to make returns at Whole Foods. Amazon owns both retailers.
Nordstrom’s Chief Merchant To Retire
Nordstrom, Inc. reported that Teri Bariquit would retire from her role as chief merchandising officer after 37 years with the company. Bariquit will remain in her position to ensure a smooth transition.
Olympia Sports’ IP And Customer Info To Be Auctioned
The intellectual property and related assets of Olympia Sports, which filed for bankruptcy last September to liquidate its remaining 35 stores, are on the selling block, including the trademarks for Olympia Sports, Clever Training and Surf Outfitter.
Nike Partners With University Of California
Nike has agreed to replace Under Armour as its official provider of apparel, footwear and other gear for the University of California, Berkeley. Nike partnered with BSN Sports on a three-year agreement with the University, effective July 1, 2023.
The Sports Shop Shutters After 45-Year Run
The Sports Shop in Elk Grove, CA, closed after 45 years in business.
Salesforce: U.S. 2022 Holiday E-Commerce Sales Up 5 Percent
Salesforce released its 2022 holiday recap of November and December shopping data, which showed that consumers spent $1.14 trillion online globally, flat year over year (YoY) and $270 billion in the U.S., up 5 percent from the 2021 period.
Adidas Loses Trademark Lawsuit Over 3-Stripe Design
Adidas lost a trademark infringement lawsuit Thursday that the company brought against Thom Browne, the American fashion designer, after claiming the fashion brand used its “three stripes” logo design without permission.
RVIA: 67 Million Americans Plan To Go RVing This Year
A recent survey conducted by the RV Industry Association found that 37 percent of American leisure travelers, representing 67 million, plan to take an RV trip this year.
Salomon Names Global Chief Brand Officer
Salomon named Scott Mellin its global chief brand officer, headquartered in its Annecy office in the French Alps.
Champion Parent Expects Q4 Sales At Top End Of Outlook; CFO To Exit
HanesBrands Inc. expects to report fourth-quarter 2022 net sales slightly above the top end of its outlook range and adjusted operating profit at the mid-point of the range.
Therabody Names CEO
Therabody hired Monty Sharma as president and chief executive officer. Co-founder and CEO Benjamin Nazarian becomes Therabody’s executive chairman, effective immediately.
Grassroots Names Director Of Events
Grassroots Outdoor Alliance named Devaki Murch as director of events.
B.A.S.S. Adds EVP Of Sales And Business Development
B.A.S.S., which encompasses the Bassmaster tournament leagues, events and media platforms, hired Phillip Johnson as executive vice president of sales and business development.
