The SFIA, NFHS and NCAA have decided to postpone the annual Team Sports Rules & Management Conference, scheduled to take place in Indianapolis on April 13 to 14, 2020 due to the coronavirus.
Author: SGB Media
Fanatics Partners With Inter Miami CF
Inter Miami CF, Major League Soccer’s (MLS) new South Florida expansion franchise, and Fanatics announced a new, long-term, omnichannel retail partnership.
Smith & Wesson Appoints VP Of Sales
Smith & Wesson Inc. announced that industry veteran Sue Cupero has been promoted to the role of vice president, sales.
Tilly’s Q4 Earnings Slump
Tilly’s Inc. said a higher-than-expected decline in store traffic and comparable sales during the second and third weeks of December resulted in a disappointing fourth quarter.
Zumiez Q4 Earnings Jump 28 Percent
Zumiez Inc. reported fourth-quarter earnings rose 28.0 percent and topped Wall Street’s targets. Same-store sales increased 6.4 percent and grew 5.8 percent in February.
Famous-Footwear’s Parent Sees Q4 Miss Plan
Caleres Inc., the parent of Famous Footwear, reported fourth-quarter earnings came in below plan and said it expects headwinds between 15 cents to 20 cents in the first quarter tied to the coronavirus outbreak. Famous Footwear’s comps were up 5.1 percent in the fourth quarter.
Running Races Suspended Or Cancelled
The NYC Half Marathon and New Balance Indoor Nationals, both scheduled for this weekend, have been canceled while the Spartan Race in San Luis Obispo, CA, also set to take place this weekend, has been postponed.
Coronavirus Has Disrupted Supply Chains For Nearly 75 Percent Of U.S. Companies
According to a survey from the Institute for Supply Management (ISM), nearly 75 percent of companies report supply chain disruptions in some capacity due to coronavirus-related transportation restrictions, and more than 80 percent believe that their organization will experience some impact because of COVID-19 disruptions.
Bank Of The West Becomes Pinnacle Member Of The Conservation Alliance
Bank of the West joins The Conservation Alliance as a Pinnacle Member to help fund and collaborate with grassroots conservation organizations in North America.
Hibbett Announces Departure of Cathy Pryor As SVP Operations
Hibbett Sports Inc. announced the departure of Cathy Pryor as senior vice president of operations and the promotion of Benjamin Knighten to senior vice president of operations.
Adidas And Nike Top Modell’s Unsecured Creditors List
Adidas and Nike both landed at the top of the Top 20 unsecured creditors list in the bankruptcy case of Modell’s Sporting Goods, each owed nearly $9 million. Under Armour was third with an unsecured claim of $3.8 million.
Cannondale Stands Out In Dorel’s Q4 Earnings
Montreal, Quebec-based Dorel Industries Inc.—whose bike brands include Cannondale, Schwinn, GT, Mongoose, Caloi, and IronHorse—this week reported revenue for the fourth quarter of $653.4 million, down 4.4 percent from $683.5 million a year ago. Cannondale stood out for the company in Q4. Dorel also announced plans to bolster its European Cycling Sports Group operations to support Cannondale’s growth there.
NCAA, NBA, NHL, MLB And PGA Respond To Coronavirus
Following the NBA’s move to suspend its season Wednesday following news of a player testing positive for coronavirus, the NCAA announced it canceling the March Madness basketball tournament. The NHL and PGA Tour also announced suspensions and MLB said it would delay its season start.
Genesco’s Comps Inch Up 1 Percent In Q4
Genesco Inc., the parent of Journeys, reported earnings on an adjusted basis grew 42 percent in the fourth quarter as comp sales rose 1 percent.
Canadian Tire Appoints New CEO
Canadian Tire Corporation Ltd., the parent of SportChek and Helly Hansen, appointed Greg Hicks as president and chief executive officer of Canadian Tire Corporation.
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