Daily News Feed
Grailed Closes $60 Million Series B Round
The sneaker and apparel marketplace has raised a second investment of equity capital in a funding round led by its competitor, Goat Group, which also owns Flight Club.
Adjusted sales for sporting goods/hobby/book and music stores increased 20% in Aug. to $9,018 million from $7,526 million last year, and improved 35% against the same month in 2019.
PEP TG Investments LP now plans to sell 4,000,000 shares of Callaway, up from the original 3,000,000, and has priced the offering at $29.25 per share, about 5% below ELY’s current trading price.
An Ea. TX federal court judge threw out Mad Dogg Athletics’ claims of patent infringement against PTON, ruling that the two patents in question are abstract.
New Balance announced the death of 27-year company veteran, Steve Ettridge, after a long and courageous battle with cancer.
On Holding Shares Soar After IPO
The Swiss athletic-footwear brand’s shares popped 50% above the final offering price to above $35 per share in its first minutes of trading on the NYSE today, taking its valuation to about $9.6 billion.
GoPro is confident in supply chain outlook going into the Holiday season, the company told an investor audience at the Citi 2021 Global Technology Virtual Conference.
The former Slinger Bag, which now calls itself Slinger, reported a net loss of $3,435,312 in the fiscal first quarter ended July 31, against a loss of $1,374,026 last year, on 349% higher revenues of $2,537,573 up from $564,985.
The 18,645,602 share secondary offering by KKR-affiliated entities will be priced at $44.75 per ASO share, for a total value of $834.4 million.
ELY filed a form S-3 with the SEC, on behalf of PEP TG Investments LP, which owns 28,905,290 shares in the company, or about 15.5% of its outstanding equity.
Former Performance Sports Group CEOs Kevin Davis and Amir Rosenthal are settling the long-running dispute with the Plumbers & Pipefitters National Pension Fund, according to a letter filed with the court by the fund’s attorneys.
JD Sports’ U.S. Banners Power H1 Gains
The U.K.-based parent of Finish Line, DTLR Villa and Shoe Palace saw U.S. revenues expand 63% to £1,357.3 million ($1,898.3 mm) in the fiscal first half ended July 31, up from £834.3 million last year.
Crocs outlined a five-year growth strategy during its Investor Day, aiming for a CAGR of over 17% to over $5 billion in revenue by FY 2026, driven by key growth pillars digital, sandals and the Asian market.
VSTO expanded on its rationale for acquiring golf simulator company, Foresight Sports, at the C.L. King virtual investor conference, as helping it to diversify away from cyclical categories like ammunition.
Genesco believes it can capably navigate supply chain issues for the balance of the year, it told investors at the C.L. King conference, and is ordering above projected sales figures to rebuild inventory.
GPS will issue $750 million in 3.625% senior notes due in 2029 and a like amount of 3.875% senior notes due in 2031, both priced at 100% of the principal, with the proceeds earmarked for repurchasing high rate debt issued in the early days of the pandemic.
The down-under retailer appointed Cathy Seaholme to lead the outdoor banner, succeeding Alex Brandon, who became CEO of Macpac in 2012 and continued in that role after its acquisition by SRG in 2018.
Surge, which currently sells a line of supplements, is entering the hardgoods space with the acquisition of Barnett Crossbows and its broad range of archery equipment, slingshots and accessories.
McCanna joined Walther Arms in June, 2020 as VP of sales, coming over from bankrupt Remington where he served as SVP of global sales and marketing.
VFC and environmental organization Redress announced the winner of the 2021 Redress Design Award for sustainable fashion design.