June 15, 2017
Borrowing several pages from Adidas’ Creating the New playbook, the Eager Beavertons will look to increase speed to market, increase their focus on key cities and edit their SKU spectrum by 25% to focus more on key styles in a strategic plan that they are calling the Consumer Direct Offense.
In what is likely to be an interesting two days, the unsecured creditors, secured creditors and sponsors of the LBO that paid themselves hundreds of millions in dividends and management fees will meet in New York Jun. 16-17 with a view to reaching a settlement that would result in a consensual reorganization plan.
Compass Diversified’s acquisition of Crosman for $152 million closed in June, a price representing 1.3x revenues and 7.3x adjusted EBITDA.
Rounding out its executive suite realignment, COLM named Jim Swanson SVP and CFO and Peter Rauch as SVP and chief transformation officer, both reporting to EVP and COO Tom Cusick.
BDE registered to raise up to a total of $200 million of debt or equity, including selling up to 7.5 million shares of its stock in a Form S-3 and S-4 filed with the SEC.
Sporting goods/hobby/book/music store sales declined 2.9% in May on an unadjusted basis to $6,672 million from $6,874 million, according to preliminary estimates from the Commerce Department.
Retail sales in the BTS shopping season of Jul. and Aug. will reach $857.18 billion, and e-commerce sales are projected to grow 14.8% to $74.03 billion, according to eMarketer.
The Sports & Fitness Industry Association reports have detailed data on 87 sports including in-depth analysis and breakdown of participation demographics.