Harold Sells, a former Woolworth CEO who is credited with helping launch the Foot Locker chain in 1974, has passed away at the age of 92.
Author: SGB Media
Ultra Running To Close South End location In Charlotte
Ultra Running Company announced the closing of its location in 110 West Blvd in the South End neighborhood of Charlotte, NC. Ultra Running’s original location at Providence and Providence in Myers Park will remain open.
Retail Ecommerce Ventures Acquires Modell’s Trademarks For $3.7 Million
Retail Ecommerce Ventures, led by digital entrepreneurs Dr. Alex Mehr and Tai Lopez, has acquired the intellectual property and other assets related to its e-commerce business, for $3.7 million.
Gymguyz Hires VP Of Franchise Operations
Gymguyz, the virtual personal training company, hired Stacey Cooper as its new vice president of franchise operations.
Big Agnes Restructures Canadian Sales Force
Big Agnes Inc. has hired Matt McCormick, Jean-Pierre Ouellet and their newly formed agency Authentik Sales to represent the brand in Eastern Canada. They have also hired longtime reps Rob Cairns, Joni Collett and their agency Carpe Diem Marketing Concepts Ltd (CDMC Sales) in Western Canada.
Mizuno’s Q1 Revenues Slide 32 Percent
Mizuno Corp. reported a loss in the first quarter ended June 30 as sales declined 32.0 percent.
Inside The Call: Vista Outdoor Capitalized On Firearms, Bike And Outdoor Surges In Fiscal Quarter
Vista Outdoor Inc., parent company of Camelbak, Bushnell, Bell, Giro, Federal and many more outdoor-oriented brands, said that outdoor recreation quickly became the go-to form of exercise and entertainment during the COVID-19 shutdown, which drove stronger-than-expected sales in most categories in the fiscal first quarter ended June 28.
Inside The Report: Sporting Goods Retail Sector Employment Up 4.4 Percent In July
The overall positive jobs report trend for July got a boost from the sector that includes the sporting goods retail business. The U.S. Bureau of Labor Statistics reported that total nonfarm payroll employment rose by 1.8 million in July and the Establishment Survey Data that includes breakdowns for specific sectors of the market saw the Sporting Goods, Hobby, Book, and Music Stores segment add 18,700 jobs in July, or a 4.4 percent increase, lagging the overall retail sector.
Inside The Call: Lower Winchester Ammo Inventory Will Limit Q3 Sales Gains
Winchester’s sales increased 16.8 percent to $192.6 million for the second quarter, compared to $164.9 million in the second quarter 2019.
July Jobs Report Sees 1.8 Million Jobs Added, 10.2 Percent Unemployment Rate
The U.S. Bureau of Labor Statistics (BLS) has reported that total nonfarm payroll employment rose by 1.8 million in July, and the unemployment rate fell to 10.2 percent.
Ski Industry Urges Support Of Restart Act
A letter signed by over 100 winter outdoor industry companies, including REI, Burton, Spyder, Aspen Skiing Co. and K2, sent to the leaders of U.S. Congress urges the federal government step in and provide additional long-term support for the ski industry’s small and medium-sized businesses in the next round of stimulus funding.
WFSGI July Survey Finds Some Optimism Amid Pandemic
The July Edition of the COVID-19 Impact Survey from the World Federation of the Sporting Goods Industry (WFSGI) finds that COVID-19 is forecast to impact 86 percent of survey respondent’s business, slightly more compared to last month. But the survey indicated some optimism going forward.
North Point Brands Appoints Chief Marketing Officer
North Point Brands, parent company of Cheeky Fishing and Wingo Outdoors, appointed fishing veteran Peter Vandergrift as Chief Marketing Officer for both brands.
Hyperice Files Patent Infringement Lawsuit Against Theragun
Hyperice filed a lawsuit in federal court against Theragun, Inc., dba Therabody, alleging infringement of Hyperice’s patented vibrating roller technology.
Adidas Obtains Investment-Grade Rating By S&P And Moody’s
Following a thorough assessment by rating agencies S&P and Moody’s over the past months, Adidas has received strong first-time investment-grade ratings by both rating agencies. The ratings make Adidas one of the highest-rated companies both in Germany and in the global sporting goods industry.
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