April 14, 2021
The effect of the pandemic on scholastic sports participation tops the list of issues that the National Federation of State High School Associations is facing, as schools around the country restart classes and team sports.
Net loss for the year ended Jan. 2 was $33,543,000 against income of $22,137,000 on 12% lower revenues of $2,754,714,000 down from $3,122,994,000, which takes the $112.4 million in member rewards issued in lieu of the usual patronage award directly off the top line.
KSS has reached an agreement with the four activist funds that were waging a proxy battle for seats on the retailer’s board, which will see three new independent directors and an expanded share repurchase program.
The 237-door boating, fishing, sailing and watersports retailer, which was taken private by Monomoy Capital Partners in 2017, has now been sold to early Peloton investor L Catterton.
Anta and Xtep reported big retail sales gains in Q1, benefitting from an easy comparison with last year’s pandemic outbreak.
The connected weigh training company raised $220 million in a series C round led by SoftBank Vision Fund 2, adding a new investor, Steadfast Capital Ventures, with participation from returning investors DCM, General Catalyst, Norwest Venture Partners, and Bling Capital.
VSTO, which acquired the Remington ammunition brand and Lonoke, AR, production facility, has now restarted operations there to supply the ravenous consumer demand brought on by the pandemic.
Olin Corp. intends to retire all $185 million of its outstanding 10% senior notes due Oct. 15, 2025, and is offering a redemption price of 105% of the principal amount, or about a $9.3 million premium.