As retail is currently on hiatus due to the pandemic, the skate industry appears to still be grinding along despite the recent bleak forecasts. This is evidenced by the news that TSI Holdings has acquired an 88% stake in Tactics. The Pacific Northwest-based eCommerce giant with brick-and-mortar stores in Portland, Eugene, and Bend, Oregon is the latest acquisition of the Japanese licensing company that acquired a majority stake in HUF in 2017. Its complete portfolio consists of 40 brands including Undefeated and Stüssy. TSI CEO, Shinichi Uetadani, had this to say about the deal:
We are extremely pleased and thankful to be able to complete this transaction in the current challenging climate. This allows us to further penetrate the action sports/streetwear space and support and encourage business stability and growth at this critical time. Early in our discussions, we recognized Tactics’ enviable position in the online market, superb management team, highly motivated employees, industry-leading technology, and consider Tactics to be an ideal company to help grow our U.S. portfolio. Along with our recent acquisition of HUF Worldwide, our acquisition of Tactics puts us in a strong position to leverage our brand portfolio in the U.S. through e-commerce.