U.S. Ports Set New Record For Imports
Imports at the nation’s major retail container ports set a new record this spring and are expected to see near-record volume this month as retailers bring in merchandise ahead of rising costs and further supply chain issues, according to the monthly Global Port Tracker report released by the National Retail Federation.
Amer Sports Completes Suunto Transaction
Amer Sports and Liesheng have completed the transaction in which Amer Sports divests Suunto to Liesheng, the Chinese technology brand.
Peloton Reports Q3 Sales Slump Of 24 Percent
Peloton reported a wider-than-expected loss in the fiscal third quarter ended March 31 amid a steep decline in sales. The connected fitness equipment maker also offered up a weak sales outlook for the fourth quarter, citing softer demand.
The Athlete’s Foot Acquires Asphaltgold
The Athlete’s Foot has acquired Asphaltgold, the European-based online streetwear shop.
Rally House Adds Stores In Illinois, Michigan And Indiana
Rally House announced the opening of stores in Skokie, IL; Taylor, MI; and South Bend, IN.
Endura Appoints Brand Director As Founder And Director Step Back
Jim McFarlane, the founder of the cycling apparel brand Endura, and director, Pamela Barclay, announced plans to step back from the day-to-day management of the business. Noah Bernard has been appointed brand director and will lead the company.
Obit: B.A.S.S. Founder Ray Scott, Father Of Modern Bass Fishing
Ray Scott, considered the Father of Modern Bass Fishing, passed away on May 8. He was was 88 years old.
Beachbody’s Q1 Sales Decline 12 Percent
The Beachbody Company, Inc., the subscription health and wellness company, reported a wider loss in Q1 ended March 31 as sales declined 12 percent.
Clarus’ Q1 Sales Climb 50 Percent On Acquisitions
Clarus Corporation reported sales jumped 50 percent in the first quarter, which ended March 31, largely due to the acquisitions of Rhino-Rack and MaxTrax. Sales on a proforma basis grew 6 percent. Sales of the Outdoor segment, led by Black Diamond, were impacted by logistics challenges.
Wahoo Fitness’ Debt Ratings Downgraded
Wahoo Fitness’ debt ratings were downgraded by Moody’s and S&P Global Ratings due to weaker than expected demand and intense price competition in the at-home fitness space.
Nicklaus Companies Appoints CEO
Nicklaus Companies, a conglomerate of golf-related businesses run and owned by Jack Nicklaus and his family, announced it has hired Phil Cotton as CEO.
Glacier Glove Acquired By Elvisridge Capital
Elvisridge Capital, based in Beachwood, OH, has acquired Glacier Outdoor, Inc. doing business as Glacier Glove. The terms of the transaction were not disclosed.
VanMoof Appoints President
VanMoof has hired Gillian Tans as president. She accepted the position effective immediately.
Iconix Consolidates Control Of Pony
Iconix International Inc., which secured the North American rights to the Pony in 2015 for $37 million, has acquired the rights to the sneaker brand in the rest of the world, except in China and Taiwan.
Emerald’s Sales Bounce Back In First Quarter
Emerald Holding, Inc. reported revenues of $98.5 million for the first quarter of 2022, an increase of $85.6 million, or 663.6 percent, from $12.9 million in revenue for the first quarter of 2021.
