Orvis Sets Layoffs and Store Closures; Discontinues Catalog
Vermont-based Orvis, founded in 1856, announced plans to lay off 112 employees, close some of its retail stores and discontinue its iconic catalog “to enable a smaller and more agile business.” “Orvis is in a period of business evolution that requires us to think differently.
Fromuth Racquet Sports Acquires Tennis-Point - SGB Online
Jun 14, 2024 · Online retailer Tennis-Point, formerly owned by Signa Sports United, was acquired by Fromuth Racquet Sports. Tennis-Point was formerly Midwest Sports, owned and operated by Greg and Lisa Wolf for over 30 years before being acquired by Signa Sports United in 2021 and changed the company’s name.
Academy Sports’ Debt Ratings Raised by S&P | SGB Media Online
Oct 3, 2024 · S&P Global Ratings raised Academy Sports And Outdoor Inc.’s debt rating because the retailer has sustained S&P’s adjusted leverage well below the 2x area despite modest EBITDA margin contraction.
Camping World Holdings to Acquire Seven Lazydays Dealerships
Nov 18, 2024 · Camping World Holdings, Inc. has entered into an agreement to acquire the assets and certain real estate of seven dealerships from Lazydays Holdings, Inc.
SGB Media Online | Active Lifestyle Market B2B Information
The company has signed a definitive agreement under which Erik Nordstrom, Pete Nordstrom and Jamie Nordstrom, and other members of the Nordstrom family will own 50.1 percent and El Puerto de Liverpool, S.A.B. de C.V. (Liverpool), will own 49.9 percent of Nordstrom, Inc.
S&S Activewear Completes Acquisition of Alphabroder
S&S Activewear completed the purchase of Alphabroder, merging the two branded apparel distributors for an undisclosed amount. S&S Activewear CEO Frank Myers will continue to lead the combined companies, with support from Aphabroder CEO Dan Pantano.
EXEC: Eddie Bauer’s CEO Discusses Modernized Rebrand
Dec 4, 2023 · Eddie Bauer introduced a new brand evolution and redesigned its logo in September, including bringing back “the goose.” Tim Bantle, Eddie Bauer’s CEO, talked with SGB Executive about the refreshed look of the 103-year-old brand, re-embracing its outdoor roots and its heightened focus on wholesale. Bantle replaced Damien Huang in September 2022 as …
JCPenney Bogged Down by Soft Traffic in Q2 | SGB Media Online
Oct 7, 2024 · JCPenney reported a net loss of $96 million in the second quarter, which ended August 3, as same-store sales declined 7.7 percent. The loss compares with earnings of $19 million a year ago.
EXEC: Backcountry Sold as TSG Closes Deal with CSC Generation ...
Sep 10, 2024 · CSC Generation Enterprise (CSC), which describes its business as a “multi-brand technology platform known for acquiring and turning retailers into high-performing, digital-first businesses,” acquired online outdoor gear retailer Backcountry.
PureGym Wins Bankruptcy Auction for Blink Fitness Assets
Oct 31, 2024 · PureGym has been selected as a winning bidder for a substantial portion of the Blink Fitness assets following an auction in bankruptcy court. PureGym will pay $121 million in cash and assume certain liabilities.