Report: The Changing Dynamics of Country Clubs
The pandemic seemingly increased interest in golf and tennis, leading to more visits and members at country clubs, particularly from a younger demographic. As a result, country club visits are up, and foot traffic is above pre-pandemic levels.
Nordstrom Adding Rack Location in Fort Myers, FL
The 31,000-square-foot store will be located at Bell Tower, a central shopping, dining, and entertainment complex in Fort Myers.
Report: Nearly 8 of 10 Online Chargebacks Originate from Consumers, Not Fraud
Based on anonymized data obtained from Chargeflow’s merchant database, the company’s 2024 report found that 79.03 percent of chargeback cases result from friendly fraud, driving the need for businesses to adopt automated fraud detection solutions and educational initiatives.
Ashworth Golf Names Sales Rep of the Year
Ann Johnson’s hard work and determination proved instrumental in opening new doors, securing green grass accounts and delivering significant growth for the company.
Ashworth Golf Debuts “Insanely Soft and Stylish” Golfman Hoodies for 2024
“The popularity of the Golfman Hoodie among PGA Professionals speaks volumes to the incredible fabric, super soft feel and consumer affinity for the Ashworth brand.” —Eddie Fadel, President, Ashworth Golf
EXEC: Puma Expects to Come Up Short in 2023; Tempers 2024 Outlook
The company points to the extraordinary 54 percent devaluation of the Argentine peso in December 2023 and the application of hyperinflationary accounting for a miss on its bottom line.
EXEC: Amer Sports Expects 2023 Full-Year Revenues North of $4.35 Billion
Revenue reportedly increased across all operating segments, geographic regions and channels, according to the company’s recently amended F-1 filing statement. The company sees its annual net loss contracting but EBITDA expanding for the year.
Circana to Acquire Golf Datatech
The transaction is subject to customary closing conditions and expected to be completed by March 2024. Under the terms of the agreement, Golf Datatech will operate as a wholly-owned subsidiary of Circana.
Academy Sports and Outdoors Appoints Chief Supply Chain Officer
Rob Howell will join the company as SVP and chief supply chain officer in February 2024, reporting to President Sam Johnson. He will oversee supply chain operations, distribution centers, and domestic and international logistics.
Pure Hockey Expands into Iowa with New Acquisition
The acquisition of JT’s Slap Shot in Urbandale, IA, marks Pure Hockey’s first entry into the state and “underscores the company’s commitment to serving the needs of hockey players across the U.S.”
Duluth Trading Appoints New CFO
Heena Agrawal will assume the role of SVP and CFO, effective February 12, 2024.
True Religion to Launch Footwear Range Under New License Deal
True Religion inked a footwear licensing agreement with Orly Corporation for its men’s, women’s, and kid’s footwear collection, which is expected to launch in Fall 2024.
Fanatics Sets Layoff and Closure Plan for JAX Fulfillment Center
The retailer, designer and manufacturer of licensed sports products has grown out of its hometown Jacksonville, FL fulfillment facility, resulting in the lay-off of 218 employees later this year.
EXEC: January Consumer Confidence Index Highest Since July 2021
The University of Michigan’s preliminary results reported on the overall index of consumer sentiment came in at 78.8 for January, the highest reading since July 2021, compared to 69.7 in December and 64.9 in January 2023.
L.L.Bean Set to Open Eighth New York Store in Spring
The retailer’s first new store of 2024 will open in Kingston, NY, in March/April.
