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GoPro To Offer $100.0 Million Of Convertible Senior Notes

November 18, 2020 SGB Update

GoPro Inc. announced that it proposes to offer $100.0 million aggregate principal amount of convertible senior notes due 2025.

Shoe Carnival Posts A Robust Q3 Profit Gain

November 18, 2020 SGB Update

Shoe Carnival Inc. reported a slight increase in year-over-year earnings in the third quarter as same-store sales grew 0.9 percent and merchandise margins improved 160 basis points. E-commerce sales catapulted over 150 percent to represent 13 percent of sales.

RaceRaves Announces Best Racing Cities In The U.S.

November 18, 2020 SGB Update

RaceRaves announced the winners of its 2020 “Best Racing Cities in the U.S.” poll. The company’s new guide spotlights the Top 10 large, midsize and small racing cities. Not surprisingly Boston, Chicago and New York City remain a “major” draw.

Levels Raises $12M Seed Funding Round

November 18, 2020 SGB Update

Levels, a biowearables start-up, announced a $12 million seed round led by a16z, one of Silicon Valley’s top venture capital firms whose portfolio includes Airbnb, Facebook, Instagram, Lyft, Pinterest, Slack, Stripe and Waymo.

GSM Outdoors Acquired By Gridiron Capital

November 18, 2020 SGB Update

GSM Outdoors, a portfolio company of Sentinel Capital Partners, L.L.C., has been acquired by Gridiron Capital, LLC. Terms of the transaction were not disclosed.

Brooks Running Sees 49 percent Global Growth In Q3

November 18, 2020 SGB Update

Brooks Running reported record third-quarter global revenue up 49 percent year-over-year, leading to a 2020 outlook of 27 percent growth. Digital sales, both through brooksrunning.com and retail partners, flexed from less than 35 percent of sales in 2019 to a peak of 82 percent of all sales this past April, and has since stabilized at 42 percent of sales, up 7 points from pre-COVID levels.

Camping World Declares Special Dividend

November 18, 2020 SGB Update

Camping World Holdings Inc. announced that its Board of Directors declared a cash dividend of $1.00 per share on the company’s Class A Common Stock and a cash distribution of 29 cents per common unit on CWGS Enterprises, LLC’s common units.

Nike Senior Creative Director For Women Sportswear Joins Calvin Klein

November 18, 2020 SGB Update

Calvin Klein Inc. announced the appointment of Jessica Lomax as EVP, global head of design, effective December 9. She joins the company from Nike, where she currently serves as senior creative director, women’s sportswear apparel.

Nike Launches Nike Unite Retail Concept

November 18, 2020 SGB Update

Nike Inc. has introduced a new Nike Unite concept focused on local communities. The concept represents its fourth retail specialty concept, joining Nike House of Innovation, Nike Rise and Nike Live. Nike plans to open nine Nike Unite worldwide locations in 2020, including five in the U.S.

Sally McCoy Joins Sea To Summit Global Leadership Team

November 18, 2020 SGB Update

Sea to Summit welcomed Sally McCoy to its global leadership team. McCoy accepted the newly created position of Executive Chair of Sea to Summit and will assume responsibility for the brand’s global strategy and expansion.

Target Posts Robust Q3 Profit Gains

November 18, 2020 SGB Update

Target Corp. announced its third quarter 2020 financial results, which reflected continued, robust growth in both sales and profitability. Comparable sales grew 20.7 percent.

TJX’s Q3 Surpasses Wall Street Targets

November 18, 2020 SGB Update

The TJX Companies Inc. reported earnings grew slightly and easily topped Wall Street’s consensus estimate. Overall open-only comp-store sales were down 5 percent versus last year. Comps at Marmaxx (U.S.), including T.J. Maxx, Marshalls and Sierra Trading, were down 10 percent.