March 02, 2022
The logistics turmoil and boycotts continue to mount for Russian sporting organizations and companies doing business there triggered by that country’s ongoing invasion of Ukraine.
Reorganization costs and other expenses related to SSU’s reverse SPAC merger sent the bottom line deep into the red, with a net loss of €165.0 million ($188.6 mm) in the fiscal first quarter ended Dec. 31 against a loss of €1.4 million prior, as revenues grew 11% to €212.6 million ($243.0 mm) from €192.2 million.
The 15-door triathlon-focused retailer has acquired Buc’s Bike Shop in Round Rock, TX, which has operated in the Austin suburb for over 30 years.
The subsidiary of OneWater Marine has acquired YakGear, a Houston, TX-based supplier of kayak equipment, paddle sports accessories, and boat mounting accessories.
NB sees a MA District Court judge enforce a $3.5 million arbitration award against its defunct former distributor, Peruvian Sporting Goods S.A.C. (PSG), as well as two other parties, which included awards for breach of contract, tortuous interference, attorney fees, and expenses.
Not to be confused with the ME-based chain, Philadelphia-based Olympia Sports, Inc., which does business as Olympia Footwear, filed for Ch. 11 protection in U.S. bankruptcy court.
Fitbit is recalling about one million model FB503 Ionic smartwatches sold in the U.S. because the lithium-ion battery in the smartwatch can overheat, posing a burn hazard.
Petzl America is recalling about 3,450 Pirana descender canyoneering devices because the user’s rope can get caught or wedged in the PIRANA blocking slot and stop or suspend the climber.