Clarus’ Top Shareholders To Increase Ownership Stakes
The Board of Directors for Clarus Corp. approved the respective requests of two of its largest shareholders, Brown Advisory Inc. and Greenhouse Funds LLP, to increase each of their respective beneficial ownership in Clarus to up to an aggregate of 12.5 percent of the company’s outstanding shares of common stock.
Vista Outdoor Closes Acquisition Of Simms Fishing Products
Vista Outdoor, Inc. announced the closing of its acquisition of Bozeman, MT-based Simms Fishing Products for a purchase price of $192.5 million, which includes a net present value of roughly $20 million in future tax benefits.
Macy’s Cuts Outlook Despite Q2 Beat
Macy’s, Inc. reported earnings and sales beat Q2 analyst views but reduced its outlook, citing weaker discretionary spending and the need to take markdowns to clear elevated inventories.
AGM Global Vision Opens Distribution Center In Texas
AGM Global Vision, based in Springerville, AZ, is opening a distribution center in Grand Prairie, TX. Due to growth in the thermal and night vision category, plans were discussed to open a larger more industry-central location earlier this year.
Canada Goose Appoints President, China
Canada Goose announced it had hired Larry Li as president, China, effective immediately. Most recently, LI was managing director, China at Dunhill, part of the Richemont Group.
Dick’s Sporting Goods Boosts 2022 Outlook As Q2 Tops Analyst Targets
Dick’s Sporting Goods reported second-quarter earnings and revenue that topped Wall Street estimates. The retailer raised its full-year EPS guidance and also increased the low end of its full-year comparable store sales guidance. Ed Stack, executive chairman, said in a statement, “The state of our industry is strong, and we remain in a great lane.”
Sportsman’s Warehouse Adds Board Member
Sportsman’s Warehouse Holdings, Inc. appointed Nancy Walsh as an independent Class III director to its Board of Directors and a member of its Audit and Compensation Committees.
EBay Agrees To Acquire TCGplayer
EBay, Inc. has acquired TCGplayer, a marketplace for collectible card game enthusiasts, for $295 million.
X-Vision Optics Appoints National Sales And Marketing Manager
X-Vision Optics, a Red Wing Gear Company, hired Rick Alsen as national sales and marketing manager.
Sqairz Appoints VP Of Operations
Sqairz, the golf shoe company based in Windham, NH, hired industry veteran Brad Mills as vice president of operations.
PlayOn! Sports Appoints CFO, Adds Board Member
PlayOn! Sports, which operates the NFHS Network, hired Susan Young as CFO and elected former Turner Sports COO Matt Hong to its Board.
Seawall Capital Acquires Majority Stake In Sports Endeavors
Seawall Capital has attained a majority stake in Sports Endeavors Inc., the owner of online retailer soccer.com, worldsoccershop.com and 431sports.com. The founding Moylan family of Sports Endeavors remains a minority investor and will continue to lead the North Carolina company.
New Balance To Sponsor First Division III University
Babson College Department of Athletics and Recreation and New Balance announced an apparel deal with current provider BSN Sports and additional ancillary benefits with the Boston-based firm.
USA Triathlon Appoints Board Member
USA Triathlon announced that Yvonne Spencer has been appointed as a general director of the USA Triathlon Board of Directors. Her term goes until December 31, 2025.
PushPress Secures $11 Million In Series A Funding
PushPress, Inc., a fitness studio management software company, announced it has raised $11 million in Series A funding led by Altos Ventures, with participation from Mucker Capital.
