Sporting Goods Industry News for March 01, 2021
Net income nearly quadrupled in the fiscal first half ended Dec. 31 to A$15,260,000 ($11.0 mm) from A$3,884,000 on 60% higher sales of A$124,863,000 ($90.2 mm) up from A$77,960,000 led by the Impala, FXD, Globe and Salty Crew brands.
GoPro shed light on its move to a subscriber-based model and progress made on the software front during the JMP Securities Virtual Technology Conference.
The ratings agency said that GAO’s acquisition of Sportsman’s Warehouse is a good strategic fit, serving a similar customer as Bass Pro and Cabela’s, and significantly expanding its geographic reach.
The digital first fitness apparel brand hired the former Urban Outfitters president and CMO as its new chief executive, following a search that lasted more than eight months.
National Park recreational visits declined 5% to start the year, tallying 13,082,428 down from 13,755,582 in Jan. 2020, but improved sequentially from the 12% falloff in Dec.
Olin Corp. has increased its term loan facility by $315 million, and will use the finds to redeem $315 million of its outstanding 10% senior notes due Oct. 15, 2025.
CODI will use the proceeds from its private offering of $750 million of senior unsecured notes due in 2029 to pay down its other credit facilities and redeem its 8.000% senior notes due in 2026.