Manufacturing PMI Report Sees U.S. Contraction; Textile Mills Posted September Growth
U.S. Port Workers and Operators Reach Deal to Suspend East Coast Strike
Report: Growing Participation Rates Supporting Outdoor Rec Sales and M&A
Amazon Plans to Hire 250,000 Holiday Workers, Same As Last Year
EXEC: Post Earnings Call, Analysts See Slow Recovery for Nike
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.
Beyond Yoga Launches Club Beyond, a NYC Experiential and Retail Pop-Up
From October 11-16, Club Beyond, located at 31 East 17th Street, will offer two to three classes a day in fitness and wellness with guests and instructors, with workshops, brand experiences and the first Beyond Yoga retail store in the city.
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.
Health & Fitness Assoc. Rebrands Annual IHRSA Show to The HFA Show
The decision on the new show name came after an extensive review and feedback process with rebranding experts, members, supplier partners, exhibitors, and association leaders
SGB Executive
Manufacturing PMI Report Sees U.S. Contraction; Textile Mills Posted September Growth
Seventy-seven percent of manufacturing gross domestic product (GDP) contracted in September, up from 65 percent in August. Textile Mills were one of only five manufacturing industries reporting growth in September.
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.
Mavic Promotes François Joly to Head of Sales
Joly will oversee all commercial activities, including OEMs, which he previously led, and the sales teams responsible for aftermarkets and distributors.
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.
CCM Hockey Agrees to Acquisition by European PE Firm Altor
The Canadian equipment brand owned by Birch Hill Equity Partners agreed to be acquired by the Swedish private equity firm Altor. The transaction is expected to close by the end of 2024.
