Al’s Sporting Goods plans to open its third store in Idaho Falls, ID. The retailer already operates two stores in Logan and Orem in Utah.
Month: August 2020
Aptean Acquires Innovative Systems
Aptean, a provider of enterprise software solutions, announced the acquisition of Innovative Systems, LLC, a provider of enterprise resource planning (ERP) software solutions and electronic data interchange (EDI) mapping and transaction support services to the apparel, footwear and accessories industries in North America.
Golf Rounds Surge In July
Golf rounds jumped 19.7 percent in July, continuing the recovery following the reopening of golf courses across the country starting in May, according to Golf Datatech. For the year-to-date period, rounds played are now ahead 3.0 percent.
Seven Questions: Terry Schalow, Executive Director, RIA
SGB Executive talked to Terry Schalow, executive director, Running Industry Association (RIA) as his organization wrapped up KICK On-Demand, its first virtual trade show, as a result of COVID-19. RIA also just released its third COVID-19 Retail Survey of run specialty stores that revealed some positives and negatives for the run specialty channel.
Wall Street Reacts: Dick’s SG Q2
Shares of Dick’s Sporting Goods jumped 16 percent on Wednesday after the retailer reported record earnings and sales for the second quarter as many sporting goods and outdoor products are finding new appeal amid the stay-at-home economy. A number of Wall Street analysts see Dick’s building on its renewed momentum in the quarters ahead, but a few were skeptical about how COVID-19 trends would shake out in 2021.
Burlington Stores’ Q2 Sales Slide 39 Percent
Burlington Stores Inc. reported a loss of $37 million in the second quarter as revenues declined 39 percent. The off-pricer was able to significantly improve liquidity and reduced inventories 26 percent at the end of the second quarter.
Grassroots Outdoor Alliance Partners With NuOrder
Grassroots Outdoor Alliance, the national organization for independent specialty retailers, will partner with NuOrder to utilizing its collaborative digital buying platform to help the retail buying process.
New Survey Points To Benefits Of Virtual Fitness
A new survey of over 1,000 Americans from boutique personal training club Innovative Fitness found that of those who frequently participated in virtual fitness during the pandemic, nearly 60 percent noticed an improvement in their mental health.
COVID Case Study: A Timeline From The Trenches From Bending Branches
Want an up close and personal look at how the COVID-19 pandemic has affected a small outdoor gear manufacturer? Consider the case of Bending Branches and AquaBound, a longtime, venerable maker of canoe and kayak paddles, which has weathered the storm — negotiating its many currents and winds — and stroked through to the other side.
Hibbett Sports Announces New Field Leadership Team
Hibbett Sports announced a newly formed field leadership team resulting from promotions, reassigned geographic territories and new hires, along with new strategic initiatives for better alignment and growth. The team led by industry veterans Mike Longo, president and CEO, Hibbett and Ben Knighten, SVP operations, Hibbett, is comprised of seven members made up of six regional vice presidents and one vice president of operations for City Gear stores.
Town Sports International’s Debt Ratings Downgraded
The debt ratings of Town Sports International, the parent of New York Sports Club and Boston Sports Club, were lowered by S&P because the U.S.-based fitness club operator failed to pay outstanding revolver balances when due August 14.
Echelon Fitness Expands Leadership Team
Echelon Fitness, an upstart offering a number of on-demand cycling, treadmill and rowing devices and on-demand workouts, has made a number of marketing and sales executive appointments.
Frasers Group Puts Bob’s Stores Under Strategic Review
Frasers Group, the parent of Sports Direct, announced it will immediately put its subsidiary Bob’s Stores under strategic review after Nike cut ties with the U.S. chain.
Urban Outfitters’ Q2 Revenues Drop 16.5 Percent
Urban Outfitters Inc. announced net income of $34 million, or 35 cents a share, for the three months ended July 31, down from $60.3 million, or 61 cents, a year ago.
Anta Group’s First-Half Revenues Slide 1 Percent
Anta Group reported first-half revenue fell slightly by 1 percent over the same period last year to ¥14.669 billion. Revenue of the Anta brand was ¥6.777 billion, down by 10.7 percent, and revenue of the Fila brand reached ¥7.152 billion, up by 9.4 percent. In addition to the two main brands, other brands, led by […]
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