SGB Update

Fanatics Acquires European Sports Collectibles Live Selling Platform

Fanatics, Inc. announced that it has acquired Voggt, a European live-commerce platform that sells sports collectibles and trading card games. Voggt will join Fanatics Live, launched in 2023, a Fanatics-based digital marketplace similarly focused on sports trading cards and memorabilia.

Dawgs Secures Federal Circuit Win Against Crocs

Dawgs and parent Double Diamond Distribution Ltd. reported that Crocs must return to court to face allegations it violated federal false advertising laws with promotional claims that its shoes are made of “patented” materials.

Academy Sports’ Debt Ratings Raised by S&P

S&P Global Ratings raised Academy Sports And Outdoor Inc.’s debt rating because the retailer has sustained S&P’s adjusted leverage well below the 2x area despite modest EBITDA margin contraction.

SGB Executive

U.S. Port Workers and Operators Reach Deal to Suspend East Coast Strike

In a joint statement on the evening of October 3, the ILA and USMX reached a tentative agreement on wages and extended the group’s “Master Contract” until January 15, 2025, when they will return to the bargaining table to negotiate all other outstanding issues.

EXEC: Post Earnings Call, Analysts See Slow Recovery for Nike

Shares of Nike, Inc. fell about 7 percent on October 2. SGB Media spoke with eleven Wall Street analysts to explore Nike’s turnaround prospects. Several remain bullish on Elliot Hill’s return as CEO; however, a return to healthy growth might only happen in calendar year 2026.