September 10, 2021
Industry revenues soared 60% in the second quarter to $53,115.3 million this year from $33,144.5 million in 2020, and profits were also much improved, coming in at $5,680.8 million against an aggregate loss of $1,642.6 million.
VSTO will pay $474 million plus up to $25 million in contingent incentives for the San Diego, CA-based, high-end golf simulator maker, valuing the company at about 10x EBITDA.
July retail imports increased 14% year-over-year to 2.19 million Twenty-Foot Equivalent Units, according to the NRF and Hackett Associates, falling short of the 2.22 million prediction as Covid-related disruption impacted throughput.
The connected fitness company is introducing an initial Peloton Apparel collection for Fall 2021, which includes men’s, women’s and gender-neutral apparel and accessories, and will be sold online and in showrooms.
President Biden has decided to withdraw the nomination of David Chipman for director of the Bureau of Alcohol, Tobacco, Firearms and Explosives, following contentious hearings and opposition from the shooting sports industry.
Wiggle is recalling about 280 VITUS 14 and VITUS 16 Kids Bikes because they have handbrakes but no footbrakes, in violation of federal regulations.