Callaway Golf Co. on Thursday announced that it has increased the size of the company’s board of directors from 10 to 11 members, and that Scott H. Baxter has been appointed to the board.
Author: SGB Media
U.S. Senators Cassidy, Jones Introduce DESCEND Act Companion
The recreational fishing and boating community Thursday praised the Senate introduction of the DESCEND Act of 2019 by U.S. Senators Bill Cassidy (R-La.) and Doug Jones (D-Ala.).
REI Co-op To Open Store In Pigeon Forge, TN
REI Co-op will open a new store in Pigeon Forge, TN, in spring 2020. The new 21,500 square-foot store will be located in The Tower Shops at The Mountain Mile shopping center.
Delta Apparel Rides Broad-Based Growth To Earnings Beat
Delta Apparel Inc. on Thursday reported growth across its portfolio resulted in fiscal 2019 fourth-quarter earnings of 50 cents per share, beating Wall Street’s targets by 2 cents.
OBIT: Jake Burton Carpenter
Jake Burton Carpenter, owner of Burton Snowboards and a snowboarding pioneer, passed away at the age of 65.
Stage Stores’ Comps Jump 17.4 Percent
Stage Stores Inc., which is converting many of its banners to the Gordmans off-price concept, cut its losses in the third quarter as same-store expanded 17.4 percent.
XTERRA Celebrates 25 Years Of Off-Road Triathlon + Trail Running
“XTERRA has evolved from the days of being a race-focused company. Over the past few years, we’ve made a concerted effort towards becoming a full-fledged lifestyle brand. Our racing structure has been reimagined right alongside our business model, and has brought a lot of changes across our organization.” —Janet Clark, President, XTERRA … From a […]
Marburger’s Sporting Goods In Seabrook Closes
Marburger’s Sporting Goods in Seabrook, TX has closed its location to make way for the expansion of Hwy. 146.
Macy’s Lowers Outlook As Q3 Comps Decline
Macy’s Inc. reduced its annual profit forecast for the second time this year after reporting its first drop in same-store sales in two years. CEO Jeff Gennette said in a statement.“The sales deceleration was steeper than we expected.”
Lululemon Opens ‘Experiential’ Shop At Mall of America
Lululemon has opened a 19,700-square-foot “experiential” store at Mall of America. Modeled after its store in Chicago’s Lincoln Park neighborhood, the location includes studios for yoga and HIIT activities, a Fuel Bar and a gear trial program.
Planet Fitness Prices $550 Million Securitized Financing
Planet Fitness Inc. on Wednesday announced that it has priced $550 million of Series 2019-1 Class A-2 Fixed Rate Senior Secured Notes (the “Class A-2 Notes”), with an anticipated repayment term of 10 years and a fixed interest rate of 3.858 percent per annum, payable quarterly.
Nike Invests In Handsfree Labs Inc.
Nike Inc. on Wednesday announced a strategic investment in and exclusive intellectual property licensing partnership with Handsfree Labs Inc., a pioneer in hands-free footwear technology. Terms of the investment were not disclosed.
Tariff Toll Continues To Mount
On a media call Tuesday arranged by the Outdoor Industry Association (OIA), executives at Keen, Krimson Klover and Vista Outdoors as well as trade experts discussed the impacts of new tariffs on List 4 products as well as the ongoing tariffs on List 1-3. Beyond any direct costs, the panel lamented how the ongoing uncertainty is wrecking havoc with business planning. Some surprising repercussions are also occurring.
REI Co-Op To Open Store In Billings, MT
REI Co-op will open a new store in Billings, MT, in spring 2020. The new 22,000-square-foot space will be located at Shiloh Crossing and offer a specialty bike shop for maintenance and repairs.
Cheerleading, Gymnastics Apparel Maker To Close
Motionwear LLC, an Indianapolis, IN-based maker of cheerleading uniforms and gymnastics and dance apparel, notified the state that it will shutter its Indianapolis operations and lay off 146 employees, according to a report by Inside INdiana Business.
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