Academy Sports’ Q2 Tops Wall Street Targets

Academy Sports and Outdoors, Inc. reported second-quarter earnings came in just ahead of analyst expectations. Same-store sales declined 7.5 percent in the quarter but improved throughout the quarter. Academy reiterated its sales guidance while raising its EPS outlook due to share repurchases.

Duluth Trading Trims Outlook on Q2 Shortfall

Duluth Holdings, Inc., the parent of Duluth Trading, lowered its earnings guidance for the year after reporting a worse-than-expected loss in the second quarter. Sales were down 1.7 percent, impacted by weak store traffic. Duluth also noted that its CFO had stepped down to explore another opportunity.

USADA to test Race Participants for Doping at 2023 Golden Trail National Series

The United States Anti-Doping Agency (USADA*), in partnership with Salomon NA and the Golden Trail National Series, will conduct pre-race anti-doping education and in-competition testing at the Pikes Peak Ascent and Mammoth Trail Fest this September. “Trail running athletes have been calling for robust anti-doping protocols in their sport for years, and we are honored […]

Fanatics Lands at Academy Sports + Outdoors

Academy Sports + Outdoors announced it entered into a partnership agreement with Fanatics to enhance the retailer’s in-store and online assortment of officially licensed sports merchandise beginning this fall.

Journeys Group President to Retire; Appoints COO

Genesco, Inc. announced the planned retirement of Journeys Group president Mario Gallione at the end of the company’s fiscal year, with an expected effective date of February 2024. Mike Sypert was promoted to Journeys’ chief operating officer, effective immediately.

Rack Room Names New Chief Legal Officer

Rack Room Shoes hired Randolph Brodwin, Esq. as senior vice president and chief legal officer. Previously, he was vice president, associate general counsel at Foot Locker, and, most recently vice president, legal affairs at Circle K.

Avenatti Loses Conviction Appeal in Nike Extortion Case

The US Court of Appeals for the Second Circuit rejected Michael Avenatti’s claim that no sufficient evidence supported his February 2020 conviction on charges of extortion and honest services fraud for threatening to smear Nike if the company did not pay him millions.