June 08, 2022 Crocs Pivots to International and Heydude for Growth
With Asian markets now re-opening after recent lockdowns to combat Covid outbreaks, Crocs is looking to redeploy its last 4-year plan that doubled the brand on U.S. strength out into international markets, CROX said at the Baird investor conference. Clarus Sees Big Potential for Rhino-Rack
Clarus does not fear a recessionary environment for its “super fan” brands strategy and laid out the path for Rhino-Rack to grow its current sub-2% US market share at the William Blair investor conference. VF Corp. Gets S&P Outlook Downgrade Due to Tax Bill
VF’s bill for back taxes related to its post-acquisition restructuring of Timberland 11 years ago will likely require it to take on more than $845 million in debt, the ratings agency said. S&P Puts Kohl’s on CreditWatch
The rating’s agency expects that a Franchise Group acquisition of Kohl’l will be financed largely by selling the retailer’s approximately $7.8 billion in real estate assets, or borrowing against them. Core Health & Fitness Acquires Jacobs Ladder
The Gainline Capital Partners-backed fitness equipment company has acquired Jacobs Ladder, the step ladder exercise machine maker, providing Jacobs with the funding and distribution to scale its business. Camano Capital Takes Major Stake in Turtle Fur
Camano Capital becomes the majority shareholder of VT-based Turtle Fur, the outdoor and lifestyle headwear and accessories maker, while CEO Richard Sontag retains an ownership position and continues managing the business. BSN Sports Acquires NJ Team Dealer
Varsity Brands’ team dealer division has acquired NJ-based I.D. Clothing Company (dba Team Gear), an independent team sporting goods and uniforms provider, for undisclosed terms. JD Sports Attracts More CMA Ire
The U.K.’s Competition and Markets Authority, which has been challenging JD’s acquisition of rival Footasylum for over two years, has now gone after the parent of Finish Line, DTLR Villa and Shoe Palace for fixing jersey prices. Report: Nike Kills Run Club App in China
The Eager Beavertons are discontinuing Nike Run Club in the PRC effective July 8, Reuters reported. The app, which has over 8 million users there, tracks runs and allows users to compete against each other. Etcetera: Boardriders, Dick’s, Puma
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