SGB Update

Fleet Feet To Acquire JackRabbit

Fleet Feet, the largest franchisor of locally owned and operated running stores, announced that it has agreed to acquire JackRabbit, the second-largest running specialty retailer in the U.S., from affiliates of CriticalPoint Capital.

Fox Factory Sees Sales Jump 33 Percent In Third Quarter

Fox Factory Holding Corp. reported sales in the third quarter rose 33.3 percent. The increase reflects a 48.1 percent increase in Specialty Sports Group sales and a 22.8 percent increase in Powered Vehicles Group sales.

Canada Goose Posts Surprise Profit, Lifts Fiscal 2022 Outlook

Canada Goose Holdings Inc. reported a profit in the second quarter ended September 26, beating Wall Street’s targets that had been calling for a loss. Total revenue increased by 19.6 percent and 40.3 percent excluding year-ago PPE sales.

Deckers Sets Targets To Reduce Its Emissions

Deckers Brands announced it has set science-based targets to reduce its emissions and also released its Fiscal Year 2021 corporate responsibility and sustainability report, “Creating Change.”

Xponential Fitness Partners With LA Fitness and City Sports Club

Xponential Fitness Inc. and Fitness International, LLC, operator of LA Fitness and City Sports Club, announced an exclusive development agreement. The agreement lays out a minimum development of over 350 franchised locations over five years to add Xponential brands in more than 500 Fitness International locations.

The Buckle’s October Comps Climb 23 Percent

The Buckle Inc. announced that comparable store net sales, for stores open at least one year, for the 4-week period ended October 30, 2021 increased 23.3 percent from comparable store net sales for the 4-week period ended October 31, 2020.

Puma Opens North American Headquarters

Puma announced it has officially opened its North American headquarters at Assembly Row in Somerville, MA, bringing together approximately 450 employees from its two former offices in Boston and Westford, MA.