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
EXEC: Beyond Yoga Acceleration Seen as Key Focus for Levi Strauss Going Forward
EXEC: Nike Signals Uphill Struggle as New CEO Settles In
SGB Update
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 Association 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
MarineMax Look Ahead: Earnings Could Take Hit from Hurricane Helene
The recreational boat, yacht and superyacht services company now forecasts fiscal year 2024 adjusted EBITDA in the range of $155 million to $190 million, down from an adjusted EBITDA of $239.5 million in 2023.
Field & Stream Lodge Co. Opens First Location in Bozeman
Starwood Capital Group and A.J. Capital Partners created the lodge concept with plans to target cities near national parks, mountains and ski towns for future hotels, with Field & Stream Bozeman serving as the flagship location.
SGB Executive
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.
EXEC: Beyond Yoga Acceleration Seen as Key Focus for Levi Strauss Going Forward
Through a transformational pivot to operating as a DTC-first company, Levi Struss & Co. is narrowing its focus to realize the full potential of the Levi’s brand as well as accelerate Beyond Yoga.
EXEC: Rip Curl and Oboz Parent Taps Former Nike Exec as New CEO
The parent company to the Rip Curl, Oboz and Kathmandu brands has named former Nike executive and current KMD Board member Brent Scrimshaw as its new group CEO. Michael Daly has given notice to the Board of his resignation.
