May 21, 2019
The active segment was a bright spot for the retailer in a disappointing first quarter, comping positively led by active apparel with a mid-single digit improvement driven by gains from Nike, Under Armour and “significant” growth from Adidas.
As parent TJX continues to build Sierra into more of a brick-and-mortar retailer, it raised the store count in Q1 to 39 from 35 and increased the square footage to 900,000 from 800,000.
The helmet maker’s 2016 suit against Schutt parent Kranos Corp. ended with a No. IL District Court jury finding in Riddell’s favor and awarding it $5 million in damages after less that a day of deliberation.
The mobile bike shop franchisor closed a financing round from a fund operated by Canadian PE firm MacKinnon, Bennett & Company, with the money to be used for putting more of its mobile shops on the road in North America.