Core Health & Fitness Acquires Jacobs Ladder
Core Health & Fitness LLC (Core), a portfolio company of U.S.-based private equity firm Gainline Capital Partners LP (Gainline), announced that it has acquired Jacobs Ladder, a maker of ladder-climbing fitness products.
BSN Sports Acquires Team Gear
BSN Sports, a division of Varsity Brands, announced that it has acquired I.D. Clothing Company (dba Team Gear) based in Whippany, NJ.
Mystery Ranch Hires Sustainability Program Manager
Mystery Ranch, the manufacturer of packs for the outdoor enthusiast, announced it recently hired Greg Breitmaier as its sustainability program manager.
U.S. Ports Remain At Near-Record Volume As West Coast Contract Deadline Approaches
Imports at the nation’s major retail container ports expect to see near-record volume again this month as retailers meet still-strong consumer demand and protect their businesses from potential disruptions at West Coast ports, according to the monthly Global Port Tracker report released by the National Retail Federation.
SeaNSoul Opens Surf Shop In West Malibu
SeaNSoul, an online resale marketplace for outdoor gear and apparel, opened its first brick-and-mortar location in West Malibu, CA.
The Good Feet Store Opens 200th Location
The Good Feet Store has opened its 200th location in partnership with one of its veteran franchisees, Bridget Kelley.
Quiksilver Appoints VP, Global Marketing
Quiksilver has named Bobby Gascon as VP, global marketing. He joins the company following 13 years at Vans where, most recently, he was senior director of global marketing, Action Sports
Nike Shutting Down Run Club App In China
Nike is deactivating its Run Club app in China. In a statement to Reuters, Nike said it plans to provide runners in China with an “enhanced and localized digital solution.”
Thor Industries Delivers 35 Percent Quarterly Growth
Thor Industries reported net sales for the third quarter were $4.66 billion, an increase of 34.6 percent as compared to the third quarter of fiscal 2021 due to continued strong RV demand.
Under Armour To Be Dropped From S&P 500 Stock Index
Under Armour will be deleted from the S&P 500 stock index before the start of trading June 21 and be added to the S&P MidCap 400, S&P Dow Jones said. The S&P 500 tracks the performance of 500 large companies listed on U.S. stock exchanges.
VF Corp. Debt Outlook Revised To Negative On Tax Ruling
S&P Global Ratings revised its debt ratings outlook on VF Corp. to negative from stable. The rating agency estimated VF will likely have to increase debt by more than $845 million to pay the assessed tax in order to appeal an unfavorable decision from the U.S. Tax Court regarding its post-acquisition restructuring of Timberland Co. in September 2011.
Kohl’s Debt Ratings Placed Under Review For Possible Downgrade
S&P Global Rating placed the debt ratings of Kohl’s under review with negative implications after the retailer announced that it entered into exclusive negotiations for a sale to Franchise Group, Inc.
Puma Adds Swimwear License
Puma and United Legwear & Apparel Co., LLC (ULAC) announced that they entered into a licensing agreement in North America for the production, sales, marketing, and distribution of Puma swimwear for men’s, women’s and kid’s.
Target Warns Of Profit Decline Over Inventory Imbalances
Target lowered its forecast for the second quarter as it plans to markdown merchandise, remove excess inventory and cancel orders in an effort to right-size its inventory levels.
IDC: Wearables Market Sees First Quarterly Decline As Demand Normalizes
The global wearables market faced its first-ever decline during the first quarter of 2022 (1Q22) as unit shipments totaled 105.3 million units, down 3.0 percent year over year, according to new data from the International Data Corporation (IDC) Worldwide Quarterly Wearable Device Tracker.
