Kohl’s stock jumped 32% by noon Monday after the pressured retailer confirmed receipt of at least two takeover bids following a weekend of media speculation.

After last week’s multiple reports that Peloton was suspending production and planning layoffs, as it seeks to right size its business due to declining demand, shareholder Blackwells Capital sent a harshly worded letter to the PTON board.

Kohlberg Kravis Roberts is offering €58.00 in cash per share, or total consideration of about €1.56 billion ($1.77 bb), for the Dutch owner of the Raleigh, Ghost, Haibike and several other bicycle and e-bike brands.

The Callaway-owned apparel brand had redesigned its logo and revealed a new strategic brand reset with its fall/winter 2022 collection around the tagline, “We Live to Discover.”

The former MacNeill Pride Group has made its first acquisition since rebranding to Gathr Outdoors, adding Cascadia Vehicle Tents.

Joining Nike, Adidas, and Puma, NB filed trademark applications to extend its brand into virtual merchandise and services, including virtual sneakers, apparel, sports bags, equipment and accessories.

After the unprecedented supply chain crisis of 2021, the New Year opened with key shipping rates continuing to increase, with the Drewry Supply Chain Advisors’ composite index ticked up 1.1% to $9,409 per 40 foot container for the week of Jan. 6, coming in 80% above the prior year.

PTON CEO John Foley denied media reports that the company was suspending production of its connected fitness equipment, in a letter posted on Peloton’s web site that said, “The information the media has obtained is incomplete, out of context, and not reflective of Peloton’s strategy.”

After testing two stores in the San Francisco Bay Area for several years, the European retail giant will close those stores this year, focusing on wholesale sales to retail partners and its own DTC e-commerce business for the U.S. market.

NPD Group found that U.S. retail sales of performance footwear were up 12% in the fourth quarter to $1.8 billion, compared to $1.6 billion in Q4 ’19, outperforming leisure footwear, which inched up 2% to $5.6 billion, and fashion footwear, which was down 4% from pre-pandemic levels to $4.5 billion.

The Eager Beavertons published a run-down of the changes made to their distribution center network since store closures during the pandemic sent more consumers online.

Wilson Sporting Goods opened its 6,400-sq.-ft. New York City flagship store at 594 Broadway in SoHo, a shopping district where it will be neighbors with Lululemon, Nike, Adidas and many other sports and streetwear brands.

Bulging inventories of unsold bikes and treadmills and declining demand around the world led the former connected fitness high flyer to pause production of all models, CNBC reported, referencing a leaked internal presentation.

The Big Cat’s pre-announced revenue of €1,767 million ($2,089 mm) in the fourth quarter, up 14% from €1,520 million last year, driving EBIT of about €65 million ($77 mm), against €63 million.

The Grassroots Outdoor Alliance’s 99 independent retailers across 196 locations reported 29% sales growth for the 2021 calendar year, riding the surge in consumer interest in outdoor sports and activities.

Cardinal, which bought the Time bike brand and factory last year from Groupe Rossignol, has now acquired the assets of Detroit Bikes, including the intellectual property, inventory and production facility.

The bicycle component maker has acquired Hammerhead, which sells the Karoo 2 cycling computer, for undisclosed terms.

A week after the Supreme Court struck down the Biden Administration’s attempt to mandate vaccinations through the Occupational Safety and Health Administration, three industry giants are implementing mandates of their own.