Smith & Wesson Brands Inc. reported significant improvement in earnings in the third quarter ended January 31 as revenues jumped 102.2 percent.
Month: March 2021
Hobie Sold: An Update From Its New Chairman Taso Sofikitis
On January 25, 2021, kayak, surf and SUP company Hobie Cat Co. was discretely sold to a private equity group consisting of executives from Detroit industrial auction company Maynards Industries. SGB Executive caught up with its new Chairman, Taso Sofikitis, on what the future holds.
Spalding Named Game Ball Provider Of 2021 ACC Basketball Tournaments
Spalding has reached a deal to become the official game ball provider of the 2021 Atlantic Coast Conference men’s and women’s basketball tournaments.
Reebok Appoints VP Of Apparel
Reebok announced the appointment of Portia Blunt to vice president, apparel. Blunt most recently served as director of apparel operations at New Balance.
Whoop Becomes Official Wearable Of CrossFit
Whoop signed on to become the Official Wearable of CrossFit. The partnership will help CrossFit athletes benefit from Whoop data around training, sleep and recovery. CrossFit also plans to share athlete data via integrations into its broadcast programming and other digital and on-site channels.
USA Cycling Hires Chief Marketing Officer
USA Cycling has named Matt Heitmann as chief marketing officer overseeing marketing and membership. Heitmann joins the organization after leading marketing efforts of multiple industry organizations, including The Pro’s Closet, Canyon and BMC.
Florida A&M Announces New Partnership With Nike, LeBron James
Florida A&M Athletics announced a six-year agreement with Nike Inc., to make Nike the official athletic footwear, apparel and equipment provider for the Rattlers beginning July 1, 2021. The team will be outfitted with LeBron James uniforms, apparel and footwear.
Dunham’s Sports Returns To Marquette
Dunham’s announced plans to return to Marquette, MI this summer with a store set to open in the Westwood Mall in the old Yonkers location.
Brooks Rides Pandemic-Driven Running Boom
“It starts with the runner,” said Dan Sheridan, EVP, COO, Brooks Running, explaining how the brand’s run-centric focus paved the way for a 27 percent hike in sales in 2020 amid the pandemic. But the performance, in particular, reflects the payback from recent investments in two areas—establishing a multichannel strategy and creating an internal runner research hub, the Run-Sight Lab.
Burlington Stores Q4 Same-Store Sales Flat
Burlington Stores reported earnings fell 24.2 percent in the fourth quarter on flat comp sales. The off-pricer also set a new store target to reach 2,000 stores, up from the previous goal of 1,000 stores.
Buckle’s Comps Climb 5.3 Percent In February
Buckle Inc. announced that comparable store net sales, for stores open at least one year, for the 4-week period ended February 27 increased 5.3 percent year-over-year.
Selkirk Sport Partners With Troon
Troon, the world’s largest golf management company, has signed Selkirk Sport to become its first “Preferred Pickleball Partner” and an official partner of the company’s Cliff Drysdale Tennis division.
NICS Background Checks Growth Slows In February
The FBI completed 1.38 million gun background checks on an NSSF-adjusted basis in February, an increase of 7.2 percent compared to the February 2020 NSSF-adjusted NICS figure of 1.29 million. The increase follows strong double-digit gains in recent months, including a 75.2 percent hike in January and 40.6 percent for the fourth quarter.
Topgolf Announces Plans To Open Venue In Fort Myers
Topgolf Entertainment Group announced plans to open a venue in Fort Myers, FL in late 2021. The location will bring the total number of open venues serving Floridians to seven.
Academy Sports Appoints Board Member
Academy Sports and Outdoors Inc. announced the appointment of Tom Nealon to its Board of Directors, effective today. With the addition of Nealon, Academy’s Board comprises ten directors.
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