Dick’s Sporting Goods reported earnings in the second quarter on an adjusted basis jumped 150 percent topping Wall Street targets as same-store sales grew 20.7 percent. E-commerce sales nearly tripled. Dick’s officials said the performance was helped by a shift toward athletic and active lifestyle products with people spending more time working and exercising at home.
Author: SGB Media
Fanatics Inks Licensed Apparel Deal With Rebel Sports
Rebel, an Australian retailer of sporting equipment, apparel and footwear, has partnered on an agreement that will see Fanatics become the exclusive supplier of all ‘non-Australian’ licensed team merchandise on the Rebel website. Fanatics will also help improve Rebel’s in-store licensed product availability.
Black Diamond Expands Retail Footprint To Park City
Black Diamond Equipment (BD), a manufacturer of climbing, skiing and mountain sports equipment, announced plans to expand its retail footprint to Park City, UT and will host a series of in-store events on September 5-6.
Nordstrom’s Q2 Revenues Slump 53 Percent
Nordstrom Inc. reported a net loss of $255 million in the second quarter as sales tumbled 53 percent due to store closures tied to the pandemic. The department store operator said improved merchandise margins and overhead cost reductions of nearly 20 percent drove earnings to exceed company expectations.
Higg Co Appoints VP Global Partnerships
Higg Co, the technology company behind the Higg Index platform, has appointed ex-Microsoft executive, Josh Henretig, as the company’s new vice president of global partnerships.
Smith & Wesson Names CFO
Smith & Wesson Brands Inc. named Deana L. McPherson as executive vice president, chief financial officer, treasurer, and assistant secretary, in a previously announced transition, The appointment follows the retirement of Jeffrey D. Buchanan and the completion of the spin-off of the company’s outdoor products and accessories business.
NFL Tops Sports Licensors Ranking
National Football League was the top global sports licensor and ranked 16th overall in License Global magazine’s list of top 150 global licensors.
Therabody Launches Professional Education Courses
Therabody, formerly known as Theragun, announced the official launch of its education division, Therabody University.
PrestoSports Announces Acquisition Of ScoreShots
PrestoSports, the sports technology platform in college athletics, announced the strategic acquisition of ScoreShots, a specialist in infographic and motion graphics for athletics.
American Outdoor Brands Completes Spin-Off From Smith & Wesson
American Outdoor Brands Inc. announced that its spin-off from Smith & Wesson Brands Inc. was completed on Monday, August 24, 2020, and American Outdoor Brands, Inc. is now an independent, publicly-traded company on the NASDAQ stock market under the symbol “AOUT.”
Blackbird Products Adds To Management Team
Blackbird Products Group, LLC, makers of the Mammoth brand of premium rotomolded coolers, drinkware, and accessories as well as a growing PPE line of products, announced some key additions to its management team.
Tony Hsieh To Retire From Zappos
Tony Hsieh, CEO of Zappos, announced plans to retire after guiding the online footwear giant for two decades. Zappos’ COO Kedar Deshpande will succeed Hsieh as CEO.
Big Sur Marathon Foundation Suspends Operations
The Big Sur Marathon Foundation announced that it will suspend all race operations, effective September 30, and through the Monterey Bay Half Marathon race weekend that was set to take place in November 2021.
Under Armour To Open Outlet at Pittsford Plaza
Under Armour will soon be opening a store at Pittsford Plaza in Rochester, NY. The 7,017 square foot store will hold grand opening celebrations from August 28 to 30.
Frasers Buys Dave Whelan Sports for £37M
Frasers Group PLC, formerly called Sports Direct, has agreed to purchase rival sportswear and gym group Dave Whelan Sports from administrators. The acquisition will include 46 gyms and 31 retail outlets.
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal