Sportsman’s Warehouse Holdings Inc. signed an agreement with The Outdoor Group, LLC to sponsor the archery hunting show, “Respect the Game,” for one year starting December 28, 2020.
Author: SGB Media
Nike Withdraws Plans For Manufacturing Plant Near Phoenix
Nike Inc. said it is canceling plans to open a plant in Goodyear, AZ just outside of Phoenix, AZ to make soles for its Nike Air shoes as part of its Nike Air Manufacturing Innovation (Air MI) program.
CES 2021 Canceled
CES 2021, scheduled to run from January 6 to 9, 2021, in Las Vegas will transition to “an all-digital experience” on the same dates, the Consumer Technology Association announced.
Rocky Brands Q2 Revenues Dip 9.4 Percent
Rocky Brands Inc. reported second-quarter earnings fell 25.0 percent on a 9.4 percent slide in sales. Earnings were up slightly excluding expenses related to the temporary closure of the company’s manufacturing facilities.
Big 5 Sees Sales Growth Accelerate In July
Big 5 Sporting Goods reported second-quarter results that came in line with an upbeat forecast given on July 9. The West Coast retailer also said the strong recovery in sales seen in the latter part of the second quarter has accelerated in the third quarter with same-store sales increasing 31.9 percent in July.
Hydro Flask Expands Leadership Team
Hydro Flask, a Helen of Troy Limited brand, announced three new hires to its leadership team. Jay Wilkins joins Hydro Flask as VP of product development, and David Brown as North American sales director across all categories. Expanding Hydro Flask’s presence in the European market, Kit Ha will serve as director of marketing, EMEA for Helen of Troy’s Housewares division, which includes the Hydro Flask and OXO brands.
Slinger Bag Announces Expansion Into Canada With Key Hire
Slinger Bag, a manufacturer of game improvement equipment for ball sports, today announced its expansion into Canada with the appointment of Doug Coombs as director of business development, effective immediately.
SFIA To Launch Virtual Conference Focusing Recovery And Re-Launch
The Sports & Fitness Industry Association will convene Back on Track: Insights and Strategies as a virtual conference to explore how the sports and fitness industry is approaching COVID-19 challenges and opportunities after months of marketplace disruption.
Golf Rounds Climb Double-Digits In June
Golf rounds continued to recover with a 13.9 percent gain in June following the reopening of golf courses across the country, according to Golf Datatech. For the year-to-date period, rounds played are now down 1.7 percent.
Alex Brands Acquired By Out There First
Out There First announced the acquisition of Alex Brands under the new company Alex Global Products. Alex Brands’ family includes Alex Toys, Scientific Explorer, Poof foam balls, Ideal, ZOOB, and Backyard Safari.
Row House Surpasses 300 Franchise Agreements
Row House, which is part of the Xponential Fitness family of brands, announced it has surpassed 300 signed franchise agreements.
Sycamore Positioned To Buy J.C. Penney, To Merge With Belks
J.C. Penney is reportedly close to accepting a $1.75 billion bid from Sycamore Partners to acquire the company in an auction in bankruptcy court. Sycamore intends to merge Penney with Belks, which operates 300 department stores mostly in the South.
G-III Apparel To Offer $350 Million In Five-Year Bonds
G-III Apparel Group Ltd. announced that it intends to offer $350 million aggregate principal amount of senior secured notes due 2025.
Remington Arms Files Again For Bankruptcy Protection
Remington Arms Co., as expected, filed for bankruptcy protection for the second time since 2018 as it seeks to restructure its heavy debt load. The company will again try to find a buyer for the business.
Nike Appoints New Diversity Chief
Nike promoted Felicia Mayo, to head a newly formed team as chief talent, diversity and culture officer, replacing Kellie Leonard, who is leaving to pursue other interests. The promotion of Mayo will add a Black woman to Nike’s leadership team.
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