Kitsbow To Develop Old Fort Community Building
Kitsbow, the cycling apparel and accessories manufacturer, announced it has partnered with Eagle Market Streets Development Corporation to purchase a 60,000-square-foot warehouse in Old Fort, N.C.
Crazy Apparel Opens First U.S. Brand Store
Crazy, an Italian performance apparel company known for its European heritage in ski touring, announced the opening of its first brand store in partnership with Cripple Creek Backcountry in Carbondale, CO. This is Crazy’s first brick and mortar store in the U.S.
Walther Arms Appoints President & CEO
Walther Arms, Inc. announced the promotion of Rob McCanna to president and CEO. McCanna’s appointment to CEO is part of a long-term strategic transition for former Walther CEO Adam Blalock, who will now serve as Chairman of the Board for Walther Arms.
American Pacific Group Completes Investment Into Gym Launch And Prestige Labs
American Pacific Group (APG), a San Francisco Bay Area-based private equity firm, announced that its Fund I has made an investment in Gym Launch and Prestige Labs.
MacNeill Pride Group Continues Transformation; Rebrands As Gathr Outdoors
MacNeill Pride Group (MPG) is rebranding to Gathr Outdoors to better reflect its mission and the industries within which it operates following its acquisitions of ORCA, GCI Outdoor, Klymit and Rightline Gear. Gathr Outdoors is a portfolio company of Centre Partners.
VF Corp. Appoints Global Brand President, The North Face
VF Corp. announced that it has appointed Nicole Otto as global brand president, The North Face. Otto joins VF following a 16-year career at Nike and will succeed Steve Murray who is retiring and returning to the UK. The leadership transition will be effective on June 2022.
Tilly’s Delivers 16.5 Percent Holiday Sales Gain
Tilly’s Inc. reported sales for the nine-week period ended January 1 grew 16.5 percent and said it expects to report its most profitable fourth quarter since becoming a public company.
Topspin Consumer Partners Invests In Mission
Topspin Consumer Partners, a private equity firm focused on the consumer sector, announced that it has made a growth investment in Mission, which specializes in cooling solutions used in sports, outdoor and jobsite applications.
Zumiez Sees Holiday Sales Expand 9.0 Percent
Zumiez Inc. announced that the company’s total net sales increased 9.0 percent for the nine-week period ended January 1, 2022 compared to the nine-week period ended January 2, 2021. During the same period comparable sales increased 6.0 percent.
Duluth Trading Announces Strong Holiday Results
Duluth Holdings Inc., the parent of Duluth Trading, reported sales in the nine-week period from November 1, 2021 through January 2, 2022 grew 6.4 percent year over year and 5.4 percent when compared to the same period in 2019.
Rothy’s Appoints VP Of Retail
Rothy’s appointed Mo Vachon as its first vice president of retail.
BPI Outdoors Appoints CEO
BPI Outdoors announced the hiring of Scot Fischer as its new CEO.
Dick’s SG Receives Baa3 Rating On New Debt Issue
Moody’s Investors Service assigned a Baa3 senior unsecured rating to Dick’s Sporting Goods, Inc. proposed $1 billion unsecured notes. The proceeds will be used to repay the company’s $575 million convertible debt, add cash to the balance sheet and for general corporate purposes.
BSN Sports Acquires Fort Wayne Team Dealer
BSN Sports, a division of Varsity Brands, announced that it has acquired SportsCenter Inc. based in Fort Wayne, IN.
Lululemon Lowers Q4 Outlook Due To Omicron
Lululemon Athletica, Inc. said it expects sales and earnings from the holiday quarter to come in near the low end of its previous forecasts amid renewed COVID-19 challenges.
