Sneaker-Trading Start-Up, Traderblock, Sites Strong Growth Since Launch
Traderblock, a sneaker trading platform, said it has attracted over 100,000 collectors in the app since its launch in May 2021.
Holiday Sales Grew 14.1 Percent
Retail sales during 2021’s November/December holiday season grew 14.1 percent over 2020 to $886.7 billion, beating the National Retail Federation’s forecast and setting a record despite challenges from inflation, supply chain disruptions and the pandemic, NRF said.
Midwest Water Sports Acquires BuyWake.com And RedshiftWaterSports.com
Midwest Water Sports, which operates WaterSkis.com and WakeBoards.com, announced the acquisition of BuyWake.com and RedshiftWaterSports.com.
Yamaha Announces Siren Marine Acquisition
Yamaha Motor Corporation, U.S.A. finalized the acquisition of Siren Marine, a manufacturer of marine-based IoT (Internet of Things) solutions, by its subsidiary Yamaha Marine Systems Company, Inc. (YMSC).
Vail Resorts Skier Visits Down Slightly Season-To-Date
Vail Resorts, Inc. reported season-to-date total skier visits were down 1.7 percent compared to the prior year season-to-date period and down 18.3 percent compared to the fiscal year 2020 season-to-date period.
Report: StockX Exploring IPO
StockX has retained Morgan Stanley and Goldman Sachs Group, Inc. to explore a planned U.S. initial public offering as soon as the first half of 2022, sources told Bloomberg.
Big 5 Sees Q4 EPS Well Above Guidance
Big 5 Sporting Goods Corporation pre-announced fourth-quarter results for the period ended January 2 that showed earnings came in above company guidance due to margins coming in significantly ahead of plan. Steven Miller, the company’s CEO, said in a statement, “While issues surrounding the pandemic are ongoing, we believe the business is in a great position heading into 2022.”
USA Rugby Signs Apparel Deal With Castore
USA Rugby has announced a six-year apparel deal with UK-based sportswear company Castore.
TaylorMade’s New Debt Issue Assigned B Rating From S&P
S&P Global Ratings assigned a ‘B’ issuer credit rating to TaylorMade. The rating assignment come as TaylorMade Holdings Inc. announced plans to raise a seven-year, $1.05 billion senior secured term loan B to refinance debt.
Fitness Tech Company Myzone Hits $102M Valuation After BGF Investment
Myzone, the manufacturer of wearable fitness tracking technology, has secured a $17.2 million investment from BGF, the UK’s growth capital investor, alongside tech entrepreneur Vin Murria OBE, who also joins as Non-Executive Chair.
Cool Clubs Opens Clubfitting Studio In SunRidge Canyon
Cool Clubs announced the opening of a Cool Clubs Fitting and Performance Center at SunRidge Canyon in Arizona, its newest of 23 golf club fitting centers worldwide.
Arc’teryx Closes 2021 With 21 Global Retail Openings
Arc’teryx announced it opened 21 stores internationally in 2021. The company also celebrated its first ReBird Repair and Service Center in New York with plans to establish more centers as the brand expands its ReBird circularity initiatives in 2022.
Generation Growth Capital Acquires Killer Instinct
Generation Growth Capital Fund III, LP (GGC), a Milwaukee-based private equity firm, announced the acquisition of Killer Instinct Inc. Based in Frankenmuth, MI., Killer Instinct is a maker of archery and archery accessories.
Under Armour To Close Store In Downtown Detroit
Under Armour Inc. reportedly plans to close its store in downtown Detroit, according to Crain’s Detroit Business.
Soccer Shots Secures Investment
Soccer Shots, the youth soccer franchisor, has secured an investment from Susquehanna Private Capital. Terms of the transaction were not disclosed.
