June 15, 2021
The long-awaited concept, set to test two locations this fall, seeks to capture an outdoor consumer who was largely forged in the pandemic aftermath, with an experiential store and a product assortment that is not quite like anything currently in the market.
The two tranches of convertible bonds were sold entirely to entities controlled by Hillhouse Capital, and will finance an international push for Xtep’s K-Swiss and Palladium brands.
Academy Sports detailed several strategies for 2021 that it expects to result in improved profitability this year, in a virtual round table discussion at the Evercore ISI Consumer & Retail Summit.
Colonna, who is currently president of K2 Sports, has been named president & CEO of its parent company, K2-MDV Holdings.
Standard & Poor’s raised its issuer credit rating and rating on the company’s unsecured debt to BB- from B+, after VSTO reported better-than-expected results for the fiscal year ended Mar. 31.
Sporting Goods/Hobby/Book and Music Store adjusted revenues increased 44% in May, lapping the beginning of last year’s bounce back after lockdowns, coming in at $9,626 million against $6,680 million.
Pelican acquired Advanced Elements Inc., which makes inflatable kayaks, iSUPs, and paddle sports accessories, through its Confluence Outdoors subsidiary.
The lulunatics have leased a 28,000-sq.-ft. space in sneakertown to prepare for the launch of its first footwear line, according to the Portland Business Journal.
Outdoor Industry Association members elected two new directors, Toad&Co CMO Sarah Matt and Merrell CMO Janice Tennant, who will begin their three-year terms in July.