Author: SGB Media

Decathlon To Open New Store in San Francisco

July 19, 2019 SGB Update

Decathlon announced that it will be opening another major brick and mortar store in the Bay Area, its third location in the U.S. The newest location be in the Potrero Center shopping mall at the corner of 16th Street and Bryant Street.

Thule Unveils Global Rollout Plans For Tepui

July 18, 2019 SGB Executive

Thule Group AB’s $9.5 million acquisition of rooftop tent maker Tepui Outdoors Inc. last December gave the Swedish company quick entry into the booming category of overlanding without the time and energy needed to expand organically. Now that the integration is complete, Thule this week shed some additional light on the company’s global plans for its newest asset.

Skechers Earnings Surge In Q2

July 18, 2019 SGB Update

Skechers USA Inc. reported second-quarter earnings jumped 66.0 percent, easily ahead of Wall Street’s targets, as revenues gained 13.7 percent on a currency-neutral basis. The revenue gains were driven by increases of 19.8 percent in the company’s international business and 1.5 percent in its domestic business.

Amazon Prime Day Again Sets Records

July 18, 2019 SGB Executive

Amazon’s annual two-day Prime Day sales event this week showed little signs of plateauing, besting the e-tail giant’s Black Friday and Cyber Monday sales of 2018 and becoming the largest shopping event in the company’s history. The event also paid off handsomely for other retailers tailoring campaigns tied to the event.

And1 Restores Central City Park In New Orleans

July 18, 2019 SGB Update

And1’s national Paint the Park initiative, hosted by the footwear and apparel brand’s newest ambassador NBA Star Montrezl Harrell and fueled by Walmart has restored a popular community park in the Central City section of New Orleans.

Varsity Brands Appoints Chief Technology Officer

July 18, 2019 SGB Update

Varsity Brands, the parent of BSN Sports, Varsity Spirit and Herff Jones, announced that it has accelerated its investment in a digital, technology-enabled future with the addition of Jaime Jaramillo as the company’s first chief technology officer.

Legends To Acquire MainGate

July 18, 2019 SGB Update

Legends announced the acquisition of MainGate LLC, the event retail and merchandise company. The MainGate team will become an integral part of the Legends hospitality division that manages other major sports brand retail and merchandise programs and e-commerce platforms.

Nike Settles Racial Discrimination Lawsuit

July 18, 2019 SGB Update

Nike has settled a racial discrimination lawsuit initially filed in 2017 by a 15-year company veteran just before the case was heading for trial. Terms of the settlement were not disclosed. A Nike spokesman told Portland Business Journal that lawsuit was resolved to both parties’ satisfaction.”

Thule’s Q2 Revenues Climb 7 Percent

July 18, 2019 SGB Update

Thule reported earnings rose 8.9 percent in the second quarter on a 7.3 percent revenue gain. Magnus Welander, CEO and president, said in a statement, “After a strong April and stable May, growth in the month of June was a disappointment in the US as store owners became more cautious as a result of the additional 15 percent tariff on Chinese goods announced in May.”

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