Dick’s Relocates Store in Sterling Heights, MI
Dick’s Sporting Goods will be opening its relocated store on in Sterling Heights, MI (13000 Hall Road) on June 9, 2016.
Nike Q4 Beats on Earnings, Misses on Revenue
Nike Inc. reported flat earnings in its fourth quarter ended May 31 due in part to the need to reduce inventories in North America but results still came in a penny ahead of Wall Street’s consensus estimate. Revenues gained 6 percent to $8.2 billion and were up 9 percent on a currency-neutral basis. Worldwide futures were up 11 percent on a currency-neutral basis.
Under Armour Pushes to Overshadow Nike Earnings with New Innovation Center
Under Armour opened the doors to its new beehive for manufacturing and design innovation, dubbed the UA Lighthouse, in a strategic move to pull the spotlight from Nike’s fiscal fourth quarter earnings.
Delta Apparel Added to Russell 2000 Index
Delta Apparel Inc. has been added to the Russell 2000 Index. The Russell 2000® Index measures the performance of the small-cap segment of the U.S. equity market.
Modell’s and Sports Direct Fail To Make Sports Authority Bid
Modell’s Sporting Goods and Sports Direct International missed the deadline to make a bid for Sports Authority’s leases. Dick’s Sporting Goods reportedly put in a bid to acquire 17 leases.
United by Blue Opens Manhattan Store
United By Blue held grand opening celebrations for its first brand store in New York City June 24.
New Balance Opens Flagship in Boston Landing
New Balance announced the opening of its first U.S. global flagship Store at Boston Landing.
SFIA’s Start-Up Challenge Closes Applications
The Sports & Fitness Industry Association (SFIA) announces the close of applications and release of judges for its 2016 SFIA Start-Up Challenge. Throughout the past two months, 55 up-and-coming companies.
Finish Line Comps Up 1.5 Percent in Fiscal First Quarter
The Finish Line Inc. reported consolidated net sales were $453.5 million, up 2.3 percent over the prior year period thanks in part to a 1.5 percent increase in comparable store sales.
Patagonia Opens New Front in Sustainability Arms Race
Patagonia said it will begin working with the Outdoor Industry Association (OIA), textile suppliers and appliance manufacturers to better understand the threat fleece and other synthetic apparel pose to the environment.
Finish Line to Launch New Store Design Next Month, While Closing Others
The Finish Line plans to remodel 50-60 Finish Line stores this year using a new store design that will debut in July, the CEO of its parent company said June 24.
Responsible Wool Standard Bans Mulesing
After intense pressure from apparel brands, Textile Exchange amended the Responsible Wool Standard (RWS) to ban mulesing, a practice widely used in Australia to prevent infections of sheep that has been condemned by animal welfare advocates.
FESI Renews Pact to Fight Rogue Websites
The Federation of European Sporting Goods Industry (FESI) joined the European Commission, several right owners and e-commerce markets to sign an updated Memorandum of Understanding to fight rogue websites amid signs that online sales of counterfeit goods have grown dramatically.
Academy Sports to Open Three Stores
Academy Sports and Outdoors announced the opening of stores in Little Apple, KS; Jackson, TN; and Weatherford, TX.
Kering Reiterates Puma Not for Sale
Kering chairman and chief executive François-Henri Pinault told the Financial Times that Puma was not for sale for the time being, saying the company plans to hold on to its majority stake until at least 2018.
