Author: SGB Media

Allbirds Co-Founder To Host SiriusXM Show

March 12, 2019 SGB Update

SiriusXM on Tuesday announced the launch of Purpose Built, a special series hosted by Joey Zwillinger, co-founder and co-CEO of Allbirds, that features mission-oriented entrepreneurs sharing their experiences in building brands that thrive as they prioritize using their business for good. 

Topgolf To Enter Small And Mid-Sized Cities Across The U.S.

March 12, 2019 SGB Update

Topgolf on Tuesday announced a new venue design that will expand its ability to serve and connect more guests and communities in the U.S. The company is actively seeking and evaluating development opportunities nationwide, with a focus on markets 100,000 – 500,000 in population.

PHIT Act Gets New Life

March 12, 2019 SGB Update

On Wednesday, March 6, PHIT Act lead sponsors, Sen. John Thune (R-SD) and Sen. Chris Murphy (D-CT), reintroduced the bill in the Senate (S.680); and on Tuesday, March 12, PHIT lead sponsors, Congressman Ron Kind (D-WI) and Congressman Mike Kelly (R-PA) reintroduced the bill in the House (H.R. 1679).

Christy Sports Acquires Leisure Living, Expands Summer Business

March 12, 2019 SGB Update

Christy Sports LLC, one of the largest specialty retailers and service providers in the Western U.S., on Tuesday announced that it has acquired Leisure Living Inc., a specialty outdoor furniture retail operator based in Salt Lake City, UT. The acquisition closed on March 11; financial terms were not disclosed.

Report: Modell’s Hires Restructuring Adviser

March 12, 2019 SGB Update

Modell’s Sporting Goods has retained Berkeley Research Group as its financial adviser to explore restructuring options, including a possible bankruptcy, according to a report from the Wall Street Journal.

Dick’s Sees Return To Positive Comps In Second Quarter

March 12, 2019 SGB Update

Dick’s Sporting Goods reported fourth-quarter earnings exceeded Wall Street’s targets. Overall earnings and sales fell in the quarter due to a calendar shift. For the full year, the leading U.S. sporting goods chain predicted consolidated same store sales to be approximately flat to an increase of 2 percent, with positive consolidated same store sales beginning in the second quarter.

Nike Partners With UEFA Women’s Football

March 12, 2019 SGB Update

Nike has reinforced its commitment to the growth of women’s football by agreeing a landmark partnership with UEFA. The three-year deal sees Nike become an official partner of UEFA Women’s Football and the match ball supplier for UEFA Women’s competitions.

Hammerhead Secures $4.1 million In Funding

March 12, 2019 SGB Update

Hammerhead, maker of the Karoo cycling computer, has closed a $4.1 million seed plus round, led by Primary Venture Partners and KB Partners. Also participating were Courtside Ventures, Maveron, Robin Thurston, the co-founder of MapMyFitness and previously Chief Digital Officer at Under Armour, and Andy Ording, the CEO of Zipp.

RV Industry Convenes As Market Continues To Accelerate

March 11, 2019 SGB Executive

The $50 billion recreational vehicle market keeps finding new horizons to explore and the next leg of its journey begins this week when the industry gathers in Salt Lake City, UT, for a revitalized trade show that is aligned with the start of camping season. “RVX: The RV Experience” is the new event offered by the RV Industry Association, and it’s just one reflection of a changing marketplace.

Retail Sales Rebound In January

March 11, 2019 SGB Update

Retail sales rebounded in January, increasing 1.3 percent seasonally adjusted from December and 3.6 percent unadjusted year-over-year, the National Retail Federation said Monday.

Outdoor Retailer Adds Bike Category To Winter Market

March 11, 2019 SGB Update

Outdoor Retailer on Monday announced the introduction of bike at Outdoor Retailer Winter Market in 2019. The event kicks off the winter outdoor season and runs from November 5-7, 2019 at the Colorado Convention Center in Denver, CO.

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