Allbirds Launches Resale Platform
Allbirds, on Thursday, launched a resale platform called Allbirds ReRun that allows customers to trade in their Allbirds shoes for a $20 store credit.
Elevate Outdoor Appoints Global Marketing Director
Elevate Outdoor Collective, formerly K2-MDV Holdings, has appointed Max Kalbfell as global marketing director. Kalbfell’s area of responsibility focuses on the company’s three brands—Völkl, Marker and Dalbello.
Dick’s SG Partners With SidelineSwap
Dick’s Sporting Goods announced it has partnered with SidelineSwap, the online marketplace for new and used sporting goods, in a series of trade-in events that allows athletes to turn their used gear into Dick’s for store credit.
Under Armour’s Debt Ratings Outlook Revised To Positive
S&P Global Ratings revised its debt ratings outlook on Under Armour to positive from stable. The rating agency said Under Armour’s credit measures remain strong due to its high demand, reduced promotional pricing and higher than normal cash balances.
Moody’s Assigns B1 To Callaway’s New Term Loan
Moody’s Investors Service affirmed Callaway Golf Company’s Corporate Family Rating (CFR) at B1 and Probability of Default Rating at B1-PD. Moody’s also assigned a B1 rating to the company’s new senior secured term loan B.
Report: Nike May Exit Georgetown Flagship
Lincoln Property Co. is seeking replacement tenants for the Nike Georgetown flagship store after Nike missed a deadline earlier this year to exercise a renewal option, according to the Washington Business Journal.
TrainingPeaks Appoints President
TrainingPeaks, a maker of a training app for athletes and coaches, announced it hired of Lee Gerakos as president.
Escalade’s Q4 Sales Dip 1.8 Percent
Escalade, Inc. reported fourth-quarter sales were slightly below year-ago levels due to supply chain disruptions; however, sales were well above sales levels from the fourth quarter of 2019.
FortNine Acquires Defender Industries
FortNine, Canada’s e-commerce platform for motorbikes, dirt bikes, ATVs, snowmobiles, and other power sports equipment, accessories and parts announced, in partnership with Novacap, the acquisition of Defender Industries, Inc., the dealer of marine products.
Reebok Forms Strategic Partnership With Foot Locker
Authentic Brands Group (ABG) announced a new and enhanced partnership with Foot Locker, Inc. for the Reebok brand within the United States. This includes the exclusivity of basketball shoes from Allen Iverson and Shaquille O’Neal.
Mystery Ranch Undergoes Leadership Change
Mystery Ranch’s founders Dana Gleason and Renée Sippel-Baker will pass the baton of senior leadership and assume roles as Board of Directors. Alex Kutches, the long-time VP of sales and marketing, will assume the role of president.
Signa Sports United Appoints VP Of Bike, North America
Signa Sports United announced the appointment of Hap Seliga, a founder, executive and advisor in the cycling industry, as head of its North American bike operations.
SportChek’s Same-Store Sales Climb 15.9 Percent
Canadian Tire Corporation reported retail sales at its SportChek segment were up 5.8 percent in the fourth quarter while comparable sales grew 15.9 percent.
Camping World Announces Deal To Acquire Bowling RVs In Iowa
Camping World Holdings, Inc. announced an agreement to acquire Bowling RVs in Ottumwa, IA. The acquisition is anticipated to close next month and will be the company’s fourth location in the state.
Yeti’s Q4 Results Top Analyst Expectations
Yeti, Inc. reported profits on an adjusted basis rose 19 percent in the fourth quarter on January 2 on an 18 percent revenue gain. The cooler-maker became the latest vendor to warn about supply-chain headwinds for 2022. Sales for 2022 are expected to increase between 18 percent and 20 percent, with growth weighted toward the second half.
