Dick’s SG Plans 200 Trade-in Events In First Half Of 2023
Dick’s Sporting Goods and SidelineSwap are building on the success of the 60 trade-in events they executed in 2022 and expanding their partnership to offer 200 trade-in events in 19 states through the first half of 2023.
Ashworth Taps ProQuip Golf As U.K., Ireland Distributor
Ashworth is back in U.K. and Ireland golf stores for 2023 and beyond. The iconic apparel brand and its Golfman logo will soon be seen on British and Irish fairways thanks to a new agreement between Ashworth owners YGM Group and ProQuip Golf.
BJ’s Wholesale Club Adding First Store In Tennessee; Adds To Florida, Georgia
BJ’s Wholesale Club will continue its expansion of new club locations in the upcoming months, including opening its very first club in the state of Tennessee by the first half of the year.
Thrasio Hires Amazon Vet As President, Chief Commercial Officer
Thrasio Holdings, Inc., parent company of Wise Owl Outfitters and more than 200 other Amazon and e-commerce brands, tapped Steven Shure as president and chief commercial officer. Danny Boockvar takes on a new position as president, mergers and acquisitions and new ventures.
Dick’s Announces Redemption of Outstanding 3.25 Percent Convertible Senior Notes
Dick’s Sporting Goods, Inc. has called all of its outstanding 3.25 percent Convertible Senior Notes due 2025 for redemption on April 18, 2023.
Tractor Supply Raises Quarterly Dividend By 12 Percent
The Tractor Supply Company Board of Directors declared a quarterly cash dividend of $1.03 per share of its common stock, which represents an increase of 12 percent versus the prior quarterly dividend rate of 92 cents per share.
S&P Affirms Varsity Brands Debt Ratings
S&P Global Ratings affirmed the debt ratings of Varsity Brands Holding Co., the parent of BSN Sports, Varsity Spirit and Herff Jones, following the company’s plans to extend the maturity on its $1.33 billion senior secured first lien term loan by two years to December 2026.
Drexel Extends Partnership With Nike And BSN Sports
Drexel Athletics has extended its endorsement deal with Nike and BSN Sports to continue to be the school’s official apparel, footwear and uniform provider.
Simon Property Group Sells Off Eddie Bauer Interest
Simon Property sold its interest in its Eddie Bauer licensing joint venture in exchange for additional equity ownership in Authentic Brands Group.
JD Sports Completes Divesture Of Tessuti Brands
JD Sports Fashion Plc, parent of JD Sports, Finish Line, DTLR, and Shoe Palace, completed the divestment of the businesses which trade as Tessuti (inc Xile), Scotts, Choice, Giulio, and Cricket to Frasers Group Plc.
Bob’s Stores Opens Western Mass Location
On February 10, Bob’s Stores will open a new location in Western Massachusetts in the Holyoke Mall. The store will house departments dedicated to activewear, denim, casual, workwear, team, and footwear.
Under Armour Raises Full-Year Guidance On Strong Q3 Beat
Under Armour, Inc. raised its earnings guidance for the year as its earnings for the fiscal third quarter ended December 31 easily topped Wall Street’s targets as gross margin pressures were offset by cost controls. Sales were slightly above consensus targets. One area of concern was inventory levels, which were up 50 percent.
NRF: February Imports Expected To Be Lowest In Nearly Three Years
According to the Global Port Tracker report released by the National Retail Federation and Hackett Associates, import cargo volume at the nation’s major container ports is expected to drop to nearly its lowest level this month since the beginning of the pandemic.
Titleist Parent Acquires Club Glove
Acushnet Holdings Corp., the parent of Titleist and Footjoy, reported it had purchased the Club Glove brand from West Coast Trends, Inc.
Delta Apparel Posts Loss On Inflationary Pressures
Delta Apparel logged a loss in the fiscal first quarter ended December 31 due to inflationary raw material costs and production curtailment expenses. The company was impacted by reduced demand in the mass retail supply chain served by its Delta Direct channel.
