Nikwax And Páramo Founder Nick Brown Hands Company To Its Employees
Nick Brown, founder of Nikwax and Páramo, has passed control and ownership of both brands to his employees, announcing a newly formed Employee Ownership Trust (EOT) to facilitate the transfer of ownership.
Camping World To Acquire Big Daddy RV’s In Kentucky
Camping World Holdings, Inc. announced an agreement to acquire Big Daddy RV’s in London, KY. The acquisition is anticipated to close in late February and will be the company’s third location in the state.
Asics Raises Outlook For The Year
Asics Corp. in a regulatory filing increased its sales and earnings guidance for its year ended December 31. The Japanese-based company cited a better-than-expected performance in Performance Running and Core Performance Sports, as well as in Europe and Greater China.
Cowboy Raises $80M In Funding
Electric bike designer Cowboy, based in Brussels, announced an $80 million Series C financing milestone.
NRF Report: Economic Growth Likely To Continue
Coming up on two years since the 2020 recession, the U.S. appears to be at the midpoint of an economic cycle that could continue to see growth even as the Fed raises interest rates to bring inflation under control, NRF Chief Economist Jack Kleinhenz said.
RunSignup RaceTrends Report Shows 21.6 Percent Growth
RunSignup released its Annual RaceTrends Report that showed participation in endurance events on its platform in 2020 and 2021 had an average growth rate of 21.6 percent; however, participation was down from the pre-pandemic year.
PGA Tour Superstore To Open Eight Stores In 2022
PGA Tour Superstore said it reached its 50-store milestone in 2021 and plans to open at least eight new stores in 2022. The expansion plan comes as the retailer said it recorded record sales growth in fiscal 2021 while continuing to gain market share.
The Vitamin Shoppe’s First Franchise Store Opens
The Vitamin Shoppe announced the launch of its first franchise store, located in Greensboro, NC.
Foot Locker CEO Dick Johnson To Chair RILA Board Of Directors
The Retail Industry Leaders Association (RILA) announced that Foot Locker, Inc. Chairman and CEO Richard “Dick” Johnson will serve as the new chair of the Association’s board of directors.
True Fit Appoints CTO And General Counsel
True Fit announced the appointment of Raj Chandrasekaran, as its chief technology officer (CTO), and privacy expert Tracy Gray, as general counsel.
Earth Shoes Appoints New CEO
Earth Shoes has appointed Alison Bergen, formerly CEO of Aerosoles, as CEO. She takes over day-to-day leadership from former president Mark Parsley, who has left the company.
Recall: Matrix Fitness Treadmills
About 19,900 Matrix T1 and T3 Series commercial treadmills from Johnson Health Tech were recalled.
Black Creek Outfitters Is Closing
Black Creek Outfitters, the specialty outdoor retail for nearly 40 years, announced it is closing its store in conjunction with the sale of its lakeside retail property.
Report: Peloton’s Apparel Growth Targets Slashed
Peloton has significantly reduced its 2022 sales projections for its apparel business, according to internal documents obtained by CNBC.
BSN Sports Acquires Nicklasson Athletic
BSN Sports, a division of Varsity Brands, announced it had acquired Nicklasson Athletic based in New Ulm, MN.
