Walmart Names PayPal’s Finance Chief As CFO
Walmart, Inc. appointed John Rainey, former head of finance at PayPal, as CFO, effective June 6. He replaces Brett Biggs, who announced his exit from the retailer last year.
Nevco Sports Acquires Lynx System Developers
Nevco Sports ,LLC announced the acquisition of Lynx System Developers, Inc., a sports technology data company based out of Haverhill, MA. The acquisition strengthens its position in end-to-end scoring and display solutions for sporting facilities.
NBA Flagship Store To Open In Paris This Summer
In partnership with Fanatics, the NBA will open a flagship store in Paris’ Latin quarter this summer. The store will offer three levels dedicated to official NBA product as well as Nike, Mitchell & Ness, New Era, and Wilson.
REI’s Sales Surge 36 Percent In 2021
REI Co-op released its 2021 financials and annual impact report, ending the year with $3.7 billion in sales, an increase of 36 percent compared to 2020.
Club Champion Acquires Australian Club Fitter
After acquisitions in Canada and the UK, Club Champion has acquired PureForm, a golf club fitter based in Australia.
Golftec Opens Location In Buffalo
Golftec announced the opening of an instruction and club fitting center in Williamsville, NY.
Trace Scores $47M In Funding
Trace, the game film platform, announced it closed a $47 million Series C round of funding, bringing its total funding to $65.2 million. Pelion Venture Partners led the round with Lakestar, Toba Capital and NextGen VP participation.
SquadLocker Becomes Official Online Retailer Of USA Diving
SquadLocker has become the official online retailer of USA Diving in partnership with Augusta Sportswear Brands.
Yue Yuen’s Sales Fall In March
Yue Yuen reported consolidated operating revenue fell 11.2 percent to $773.5 million in March dragged down by a steep decline at its Pou Sheng’s retail segment.
Report: Kohl’s Sees Offer From Franchise Group
Franchise Group, Inc., the owner of The Vitamin Shoppe, Buddy’s Home Furnishings and other retail chains has offered $9 billion, or $69 a share, to acquire Kohl’s Corp, sources told Reuters.
Lululemon Expands Resale Program To U.S. Stores
Lululemon Athletica, Inc. announced the nationwide expansion of Lululemon Like New, the brand’s first trade-in and resale program.
Delta Apparel Expects 20 percent Fiscal 2022 Second Quarter Sales Growth
Delta Apparel, Inc. said it expects net sales for its March quarter to be approximately $130 million, representing a 20 percent increase compared to the prior year’s second-quarter result of $108.6 million, with double-digit sales growth in both the Delta Group and Salt Life Group segments.
Firearms Industry Economic Impact Rises 269 Percent Since 2008
The total economic impact of the firearm and ammunition industry in the United States increased from $19.1 billion in 2008 to $70.52 billion in 2021, a 269 percent increase, while the total number of full-time equivalent jobs rose from approximately 166,000 to over 375,819, a 126 percent increase in that period, according to a report released by the NSSF.
T&C Surf Names New President
Craig Sugihara, founder and owner of T&C Surf Designs, appointed his son Ryan Sugihara president.
Topgolf To Open In El Segundo
Topgolf Entertainment Group will open its first location in El Segundo, CA on April 15. The location features traditional and non-traditional ways to play golf through the company’s signature three-level venue. The facility also includes an adjacent ten-hole, lighted, par-3 golf course.
