BSN SPORTS Acquires the Eastbay Team Sales Business from Foot Locker Retail, Inc.

Rhea-AI Summary

BSN SPORTS announced the acquisition of Eastbay Team Sales from Foot Locker Retail, Inc., enhancing its position in the school and league markets. Eastbay Team Sales, established in 1980, specializes in athletic footwear and apparel for high school and college athletes. BSN SPORTS, with over 1,100 Field Sales Professionals, aims to integrate Eastbay Team Sales' resources to improve customer service and inventory selection. This move is expected to bolster BSN SPORTS' market presence and operational capabilities as they approach the 2022-2023 school year.

Positive

• Acquisition of Eastbay Team Sales enhances inventory selection and service capabilities.
• Strengthens BSN SPORTS' market position with an established supplier of athletic gear.

Negative

• None.

DALLAS, June 27, 2022 /PRNewswire/ -- BSN SPORTS, one of the largest direct marketers and distributors of sporting goods, footwear, apparel and branding to the school and league markets and a division of Varsity Brands, today announced that it has entered into an agreement to acquire substantially all of the assets of the Eastbay Team Sales business ("Eastbay Team Sales") from Foot Locker Retail, Inc., a subsidiary of Foot Locker, Inc. (NYSE: FL).

Founded in 1980 and originally established to meet the performance needs of local high school and college athletes in Central Wisconsin, Eastbay Team Sales is now a leading supplier of athletic footwear, apparel and sports equipment to high school and college athletes. Foot Locker, Inc. acquired Eastbay Team Sales through its acquisition of Eastbay in 1997 to integrate an additional channel of distribution for athletic footwear, apparel, and equipment.  

BSN SPORTS is a leader in the school and league markets with over 1,100 Field Sales Professionals serving coaches and athletic directors in virtually every zip code in the United States. The Company supports these Field Sales Professionals with Category Managers, Territory Managers, Customer Service Representatives and a robust marketing infrastructure and leading technology that enable the Sales Professionals to provide customers with the most complete and customized one-stop shopping experience in the team sporting goods industry.

Terry Babilla, President of BSN SPORTS, said, "We are excited that the employees of Eastbay Team Sales will be joining the BSN SPORTS family, which is dedicated exclusively to serving athletes, athletic directors and coaches who impact more lives in a year than most people do in a lifetime.  This dedicated approach means that our new Sales Professionals will benefit from the best and broadest inventory selection, leading design and customization tools and support resources as they deliver the stellar service experience all customers deserve. We welcome the Eastbay Team employees to the BSN SPORTS family and look forward to a productive and rewarding integration of our teams headed into the 2022-2023 school year."

Varsity Brands, BSN SPORTS' parent company, is a portfolio company of Bain Capital Private Equity.

About BSN SPORTS 

Dallas-based BSN SPORTS is a leading marketer, manufacturer and distributor of sporting goods apparel and equipment. A division of Varsity Brands, BSN SPORTS markets and distributes its products to over 150,000 institutional and team sports customers in colleges and universities, middle and high schools, and recreational programs throughout the United States via catalog, e-commerce, and direct sales. Focused on providing game changing solutions through local partnerships, multi-brand selection and one-stop shopping for equipment and uniforms, BSN SPORTS' more than 3,000 employees have been helping elevate participation in team sports since 1972.

For more information about BSN SPORTS please visit www.bsnsports.com.

About Varsity Brands

With a mission to inspire achievement and create memorable experiences for young people, Varsity Brands elevates the student experience, promotes participation and celebrates achievement through three unique but interrelated businesses: BSN SPORTS, a Varsity Sport Brand; Varsity Spirit; and Herff Jones, A Varsity Achievement Brand. Together, these entities promote personal, school and community pride through their customizable products and programs to elementary and middle schools, high schools, and colleges and universities, as well as church organizations, professional and collegiate sports teams and corporations. Through its dedicated employees and independent representatives, Varsity Brands reaches its individual and institutional customers each year through competitions, camps and sales.

Contact information
Lisa Bartek
Director of Communications, BSN SPORTS
lbartek@varsitybrands.com

 

View original content:https://www.prnewswire.com/news-releases/bsn-sports-acquires-the-eastbay-team-sales-business-from-foot-locker-retail-inc-301575464.html

SOURCE BSN SPORTS

FAQ

What is the purpose of BSN SPORTS acquiring Eastbay Team Sales?

The acquisition aims to enhance BSN SPORTS' inventory selection and service capabilities, benefiting athletes and coaches.

When was the acquisition of Eastbay Team Sales announced?

The acquisition was announced on June 27, 2022.

What impact will the acquisition have on BSN SPORTS' operations?

The acquisition is expected to improve customer service and operational capabilities as BSN SPORTS integrates Eastbay Team Sales.

Who sold Eastbay Team Sales to BSN SPORTS?

Eastbay Team Sales was sold by Foot Locker Retail, Inc., a subsidiary of Foot Locker, Inc. (NYSE: FL).