Canadian Tire Announces Chairman Succession
Canadian Tire Corp., Ltd. announced that Maureen Sabia will retire as chairman and from the Board of Directors following the company’s Annual Meeting of Shareholders on May 12, 2022. She will be succeeded as chairman by J. Michael Owens following his re-election as a director at that meeting.
Sportsman’s Warehouse Appoints CFO
Sportsman’s Warehouse Holdings, Inc announced the appointment of Jeff White as its chief financial officer. He has been with the company for six years.
Compass Diversified Invests In Packaging Firm
Altor Solutions, a subsidiary of Compass Diversified (CODI) and a manufacturer of custom protective packaging solutions and componentry, announced that it has acquired Foam Concepts, Inc. Financial terms of the transaction were not disclosed.
KKR Invests In High School Sports Platform PlayOn! Sports
PlayOn! Sports, a high school sports media company, reached a definitive agreement to receive a significant investment from KKR, the investment firm, alongside PlayOn’s existing shareholder, Panoramic Ventures.
Clarus Corp. Appoints Board Member
Clarus Corporation announced the appointment of James Walker III to its board of directors.
Yamaha Motor Appoints President/CEO, Yamaha Motor Finance Corporation, USA
Yamaha Motor Co., Ltd. (YMC), has announced that Craig Hewitt, chief operating officer of YMFUS, was promoted to president and CEO effective February 1, 2022.
Allbirds Opens Store And Community Center In Charlotte
Allbirds opened a new retail store and community center in the South End. It is the brand’s first store in Charlotte, NC.
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.
