July 25, 2022 Olympia Sports is Being Wound Down
The Maine-based small market retailer will close its remaining 35 stores by the end of Sep., the Portland Press Herald first reported, ending a relentless downsizing that reduced the chain from its 2013 peak of 226 locations. FICOR Resurrected by Biden Administration
As demand for outdoor recreation continues to ride a lockdown-induced participation wave, the Biden administration has brought back the defunct Federal Interagency Council on Outdoor Recreation to bolster public access on federal lands as part of its American the Beautiful initiative. Mips Results Soar in First Half
The Swedish helmet technology company reported net income SEK 127 million ($12.9 mm) in H1, up 46% from SEK 87 million, as sales jumped 53% to SEK 343 million ($34.9 mm) from SEK 225 million. Lids Will Open College Themed Stores
The licensed and branded sportswear retailer is launching Lids U, a new format that will offer an array of regional collegiate sports merchandise in key college markets.
The Famous Footwear parent will elevate Jay Schmidt, president of Caleres, to succeed Diane Sullivan as CEO effective Jan. 15, 2023, as part of a planned succession process. Xtep Controlling Shareholder Sells 80 Million Shares
The Chinese sportswear brand’s largest shareholder, Group Success Investments Limited, is selling 80 million shares, or about 3.04% of the float, for HK$12.70 per share ($129.4 mm total).
The fitness tracker company is letting go about 15% of its 630 employees, Front Office Sports first reported, the latest connected fitness player to downsize. PGA Initiates Investment Partnership
EP Golf Ventures is the name of a partnership between PGA of America and Elysian Park Ventures, the private investment arm of Los Angeles Dodgers ownership, that is designed to support innovation in the golf industry.
Riddell reached a settlement with plaintiff Scott Akins and his parents over the remaining counts for design defect, negligence or gross negligence of its football helmet. Etcetera: Fanatics, Christensen Arms, Springfield Armory, Buck Knives
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