Tommy John Nets New Investor, Board Members
Comfort-focused lifestyle brand Tommy John announced that Manny Chirico and David Landau of LNK Partners have joined the brand’s Board of Directors as part of the private equity firm’s minority investment in the company.
January Retail Sales Overcome Omicron And Inflation To Show Strong Gains
Retail sales powered through COVID-19’s Omicron variant, inflation and other challenges to post strong increases in January, the National Retail Federation said.
Imperial Headwear Announces VP Of Golf Sales
Imperial Headwear announced John Anderson’s hire as the company’s new vice president, golf sales.
Golftec Opens Location Outside Of Phoenix
Golftec announced the opening of an instruction and club fitting center in Tempe, AZ.
Brooklyn Bicycle Announces First Australian Distribution Partner
Brooklyn Bicycle Co. announced that it has partnered with The Bike Collective, an Australian bike distribution company that sells bikes and accessories to independent bike shops in Australia.
Trek Bicycle Buys Wisconsin Off Road Series
Trek Bicycle has purchased Wisconsin Off Road Series (WORS). With Don Edberg’s recent retirement, Trek has stepped in to manage the series and build growth.
Kamik Appoints New CEO
Kamik hired Gillian Meek as CEO. Meek brings over 20 years of experience to the Canadian footwear brand, including most recently serving as president of Keds.
Garmin’s Q4 Sales Increase 3 Percent With Strength In Marine
Garmin, Ltd. reported earnings and sales both topped Wall Street estimates in the fourth quarter ended December 25. Sales grew 3 percent in the quarter. Marine segment sales grew 14 percent while Fitness was flat and Outdoor sales decreased 8 percent.
Crocs’ Sales Jump 42 Percent In Fourth Quarter
Crocs, Inc. reported earnings in the fourth quarter slightly more than doubled as sales grew 42 percent. For the year, earnings likewise more than doubled on a 63 percent revenue gain.
Sandy Hook Families Announce $73 Million Settlement With Remington
The families of five children and four adults killed in the 2012 Sandy Hook Elementary School shooting reached a $73 million settlement with the now-bankrupt gun manufacturer Remington and its four insurers. The settlement could open the door to more lawsuits seeking to hold gun companies liable for mass shootings.
Rumble Boxing Surpasses 200 Franchisees
Rumble Boxing said it has surpassed 200 signed franchise agreements less than a year since being acquired by Xponential Fitness and launching its franchise opportunity.
9Round Appoints Senior Director, Franchise Development
9Round Franchising, LLC, based in Greensville, SC, announced Kelly Tope as its senior director of franchise development.
Speedsleev Acquired By Roam Investment Group
Roam Investment Group, based in Easton, PA, has acquired Speedsleev, the maker of minimalist saddle bags and handlebar bags.
Hobie Appoints VP Global Sales
Hobie has appointed Kelley Woolsey as vice president of global sales, service, and marketing.
Bemis Makes Major Investment In Novoloop
Bemis Associates Inc., a maker of plastic film used for adhesives, has made a major investment in plastic upcycling technology company Novoloop.
