Dick’s Sporting Goods on Tuesday announced it will expand its nationwide footprint with the opening of two additional stores in September, in Kennewick, WA, and Plymouth Meeting, PA.
Author: SGB Media
China Files WTO Complaint Against U.S.
On Monday, Beijing filed a complaint against Washington at the World Trade Organization over U.S. import duties. China claimed the latest round of tariffs violated a consensus reached by leaders of both countries in Osaka, Japan.
J.C. Penney’s Debt Rating Downgraded By S&P
Standard & Poors Corp. lowering its debt ratings on J.C. Penney Corp. Inc. due to continued revenue declines and the increasing likelihood that they’ll have to pursue a distressed debt exchange.
DTC Shoe Brand Atoms Secures $8.1M In Series A Round
Atoms, the DTC (direct-to-consumer) shoe brand, has raised $8.1 million in a Series A funding round, according to TechCrunch.
PlayerMaker Becomes First Performance Partner To BetVictor Northern Premier Football League
PlayerMaker, the leading international sports data analytics start-up, has teamed up with the BetVictor Northern Premier Football League (NPL), becoming the U.K.-league’s first-ever player performance partner.
Surf Expo Cancelled Due To Hurricane Dorian
Due to the continued threat of Hurricane Dorian on Orlando, the state of Florida, the southeast and the east coast, Surf Expo announced that it will cancel the 2019 event, as well as the pre-show outdoor festival, Waterfest, on September 4, at the Orange County Convention Center in Orlando, FL.
Bravo Sports Acquires Dwindle Distribution
Bravo Sports, a portfolio company of Transom Capital Group, has acquired Dwindle Distribution. The seller was Globe International. No financial terms were disclosed.
Two Former VF Executives Join Abercrombie & Fitch
Abercrombie & Fitch Co. announced two key senior hires to lead its Europe, Middle East, and Africa (EMEA) and Asia-Pacific (APAC) regions. Daniel Le Vesconte and Olga Wu recently joined A&F Co. as group vice presidents, overseeing the company’s EMEA and APAC operations, respectively.
Fitbit Launching $10 Premium Subscription Service
Fitbit announced the launch of Fitbit Premium, a paid subscription service in the Fitbit app that uses an individual’s unique data to deliver Fitbit’s most personalized experience yet, with actionable guidance and coaching to help achieve health and fitness goals.
CTA: More Tariffs Mean More Taxes, More Trouble For Consumers
Gary Shapiro, president and CEO, Consumer Technology Association (CTA), urged Congress to take action as another round of tariffs became effective on September 1.
Six Takeaways From Paddlesports Retailer
SGB is back from the third annual Paddlesports Retailer show, held this week in Oklahoma City. We identified six takeaways from the event, including reaction to the format changes, why most paddlesports brands believe this show trumps Outdoor Retailer and the meaning behind one attendee’s description of demo day as “mayhem and awesome.”
Designer Brands Sees Underlying Strength At DSW
Designer Brands Inc. (formerly DSW Inc.) said its second-quarter results were distorted by last year’s mega-acquisition of Camuto Group and DSW’s 2018 relaunch of its VIP rewards program last year. But company officials asserted that DSW’s underlying momentum remains healthy.
American Outdoor Brands Still Sees “Very Soft” Demand For Firearms
American Outdoor Brands, dragged down by prolonged weakness in firearms, reported earnings before charges dropped significantly the first quarter ended July 31. Sales shrunk 10.9 percent to $123.7 million.
Tilly’s Revenues Regain Momentum
After a sluggish start, Tilly’s sales recovered in the latter months of the second quarter and have accelerated with the arrival of back-to-school selling.
Aisle Talk Week Of August 26
Top headlines from the active lifestyle industry you may have missed this week, including Standard & Poor’s Corp. revising its outlook on the debt ratings of Bass Pro Group to stable from positive following Bass Pro’s release of second-quarter and first-half results that were below its expectations.
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