Brazil’s Track & Field Files For IPO

Track & Field, a high-end fitness and lifestyle apparel brand with 231 stores in Brazil, has filed for an initial public offering with Brazil’s securities industry regulator. 

Fox Factory’s Bike Sales Soar In Q4

Fox Factory Holding Corp. shares were up in the mid-single digits Wednesday morning after reporting an earnings and revenue beat for the fourth quarter driven by strength across all categories, including the company’s Specialty Sports Group. That segment includes Fox Factory’s bike component brands—Fox, Marzocchi, Easton cycling and RaceFace.

Arnold Fitness EXPO Cancelled Over Coronavirus Concerns

The Arnold Fitness EXPO, scheduled to take place in Columbus, OH from March 6 to 8, has been postponed due to coronavirus precautions. The strongman and bodybuilding events, as part of the Arnold Sports Festival, will take place but no spectators will be allowed.

SportsEngine Reaches Milestone With US Lacrosse

SportsEngine, Inc., a leading provider of sport relationship management software, announced that it has reached a milestone in its subsidiary National Center for Safety Initiatives’ (NCSI) partnership with US Lacrosse, conducting over 30,000 coach and volunteer background screens for the organization.

Louis Garneau Files For Bankruptcy Protection

Louis Garneau, the cycling apparel specialist, has filed for protection under the Bankruptcy and Insolvency Act in Canada. The company also announced the “temporary” layoffs of 66 employees at its corporate offices in  Quebec.

Boardriders’ Debt Ratings Downgraded

Moody’s Investors Service downgraded Boardriders Inc.’s ratings, including the corporate family rating to Caa1 from B3, probability of default rating to Caa1-PD from B3-PD, and secured term loan rating to Caa1 from B3. The outlook is stable.

BSN Sports Acquires Nill Bros. Sports

BSN Sports announced that it has acquired Nill Bros. Sports, based in Kansas City, KS. Nill Bros. has been family-owned and operated by the Nill family since its founding in 1960 and services Kansas and Missouri.

Lilly Pulitzer Partners With Women’s Tennis Association

Lilly Pulitzer announced a partnership with the WTA (Women’s Tennis Association). The two brands are uniting for a youth empowerment initiative, aimed to inspire confidence and optimism in future generations as part of Lilly’s new “Be the Sunshine” campaign. Lilly Pulitzer will also serve as the WTA’s exclusive fashion uniform provider.

Ross Stores Sees 4 Percent Comp Gain In Q4

Ross Stores Inc. reported earnings per share for the 13 weeks ended February 1, 2020 grew 7 percent to $1.28 on net income of $456 million. Sales for the fourth quarter of 2019 were $4.4 billion, with comparable-store sales up 4 percent on top of a 4 percent gain in the prior-year period.

Urban Outfitters’ Q4 Earnings Slump

Urban Outfitters Inc. reported earnings on an adjusted basis fell 45.6 percent in the fourth quarter. Comparable Retail segment net sales increased 4 percent, driven by growth in the digital channel, partially offset by negative retail store sales