Since its founding in 2002, Clever Training broadened its target market out from its original triathlon base to cover many other sports and pastimes.
JackRabbit run about 60 US-based apparel/shoe stores
To me, the match between JackRabbit and Clever Training looks highly complementary. The former specialising in sports apparel and sports shoes and the latter covering sports tech and other gear. Sounds like a merger than can leverage each other’s similar customer base with each other’s different product sets.
The deal was announced on May 15th, 2018 and JackRabbit is itself part of the portfolio of businesses owned by CriticalPoint Capital (CPC) of Manhattan Beach, California. CPC recently bought JackRabbit in March 2017.
CPC say about themselves “CPC’s preferred investments are corporate divestures, companies in a state of transition, and special situations.”
Sources: CPC, Bicycle Retailer
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This is great! I hope DC rainmaker continues his partnership too because I would love discounts on running shoes
No doubt you can buy your sport electronics through my partners and your sports apparel though his 😉
No changes planned. Or at least, no bad changes that I’ve seen yet in discussions. Within ~45 days you’ll start to see the running shoe inventory available through CT. 🙂
Yes I’m now very tempted to put all my running shoe business your way and may well upgrade my DCR Supporter status from Supporter to VIP with your $4.99 VIP Program. You might even get the odd gadget sale out of me if my amazon gift card fund gets any lower. You’ve gotta get those shoes in the UK first tho.
Thanks for the support! Not sure if you saw earlier in the week but there was a code for Supporters to get free VIP status. Note the UK doesn’t need it though (no MAP funkiness). Unfortunately, said US code expired back mid-week.
Yeah, there’s definite interest in getting the UK site bigger. So hopefully that happens!