Dick’s Sporting Goods has abruptly closed its location in Orem, UT. The store opened in 2012.
Author: SGB Media
MacNeill Pride Group Acquires Orca Coolers
MacNeill Pride Group (MPG), a designer and manufacturer of sporting goods and related products, has acquired Outdoor Recreation Company of America (ORCA), a supplier of coolers, drinkware and other outdoor accessories. Financial terms of the transaction were not disclosed.
L.L. Bean Seeks Tax Break From Hometown To Expand Headquarters
L.L. Bean Inc. has requested a $10 million tax break from its hometown of Freeport, ME, as part of a planned headquarters expansion, according to a Monday report in the Portland (ME) Press Herald. The article said that as L.L. Bean “moves ahead with plans for a $110 million renovation and expansion of its corporate […]
Tilly’s Sees Q4 Comp Decline
Tilly’s Inc. said it expects same-store sales to decline by 2 percent to 3 percent in the fourth quarter and earnings per diluted share to come in below guidance.
Genesco Sees Q4 Comps Running Up 2 Percent
Genesco Inc. announced that comparable sales, including both stores and direct sales, increased 2 percent for the quarter-to-date period ended January 9, 2020.
Crocs Raises Fourth Quarter Revenue Guidance
Crocs Inc. raised its revenue guidance for the fourth quarter ended December 31, 2019. Andrew Rees, president and chief executive officer, said, “Our positive brand momentum allowed us to deliver strong DTC growth combined with excellent wholesale sell through.”
Delta Apparel Sees Q1 Sales Decline
Delta Apparel said it expects sales to decline 6.7 percent in the first quarter ended December 28, Sales were impacted by the shorter holiday calendar combined with an earlier shipping cut-off for in-hands holiday receipts.
Lululemon Raises Q4 Guidance
Lululemon Athletica Inc. lifted its guidance for the fourth quarter due to strong holiday sales. Total comparable sales are expected to increase in the mid to high teens on a constant dollar basis.
Fanatics Appoints First Chief Strategic Retail Officer
Fanatics Inc. promoted Gina Sprenger to become its first chief strategic retail officer. In this newly created role, Sprenger will lead all merchandising, inventory management and field operations for the company’s strategic retail division, which includes all flagship stores, stadium and in-venue retail locations as well as special events.
Gart Capital Acquires Work World
Gart Capital Partners, a private equity investment partnership located in Denver, has acquired California-based Work World, a workwear retailer. No financial terms were disclosed.
Nike Extends Deal With Chinese Athletics Association
Nike and the Chinese Athletics Association (CAA) signed a long-term partnership extension through to 2033.
JD Sports Sees “Positive” Holiday Sales
JD Sports said that against a backdrop of widely reported retail challenges in the Group’s core UK market, it is encouraging to report positive like for like trends in the Group’s global Sports Fashion fascias, particularly overseas.
AKU Appoints VP Sales And Marketing In USA
Italian footwear brand AKU announced that Canice Harte will join the AKU Outdoor company, serving as the vice president of sales & marketing in the U.S. Harte has worked for Nathan Sports, Waterbox, Salomon, Patagonia and The North Face.
Sports Tech On Full Display At CES 2020
CES 2020 marks the tenth year fitness and wearable technology have been featured at the biggest consumer trade show, and this year’s event showed digitization still has a long way to go in taking sports and fitness to the next level. SGB Executive highlights the active lifestyle products that caught our attention at this year’s show.
PVH, Pentland Each Had Solid Reasons For Speedo Deal
Despite the looming Summer Olympics and the Games’ quadrennial spotlight on the sport of swimming, PVH Corp. decided to sell its Speedo North America business to focus more attention on its core apparel brands. The move was strategic for PVH, which found a more-than-willing buyer in Pentland Group.
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