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January 18, 2023 Anta Sports Appoints Co-CEOs as Ding Shizhong Remains Chairman
The Chinese sportswear giant has separated the CEO and chairman roles, both of which were previously held by Ding Shizhong, who founded Anta in 1994 and built in into a company valued at $40 billion. Johnson Outdoors Faces Elevated Inventory
The outdoor equipment company said that 2022 was “quite a ride” as demand fluctuations added to supply chain snafus, in a presentation at Sidoti’s virtual investor conference. Total Holiday Sales Increased 5%, NRF Says
The 2022 Holiday season posted $936.3 billion in sales, representing a 5% increase over the prior year’s $889.3 billion, according to the National Retail Federation. Vail Resorts Retail Sales Improve
Season-to-date retail/rental revenue for MTN’s North American resort and ski area store locations was up 34% compared to the same period last year, as total skier visits increased 13%. Sporting Goods Sales Grow by 4% in December
Adjusted sales of sporting goods/hobby/book and music stores accelerated 4% last month to $9,333 million from $8,980 million, according to Commerce Dept. data, inching up sequentially from Nov. TaylorMade Invests in Golf Entertainment Company
TaylorMade has partnered with PopStroke, the experiential golf and casual dining venue backed by Tiger Woods’ TGR Ventures, in a deal that values the company at $650 million. Wahoo Fitness Likely to Default, S&P Says
S&P Global cut its issuer credit rating on the bike trainer company to CCC- from CCC, and lowered its rating on Wahoo’s senior secured credit facilities to CCC from CCC+. Etcetera: Authentic Brands Group, Nike, REI, Dead Air Silencers
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