A new survey from MedStar Health is highlighting significant injury concerns heading into the spring youth sports season. Following a series of highly publicized injuries in professional sports over the past year, prioritizing concussion safety is now top of mind for parents.
Author: SGB Media
K-Swiss Appoints Footwear Industry Vet As International Brand President
K-Swiss hired athletic footwear industry veteran Rob Langstaff as international brand president.
NRF Sees Easter Spending Reaching Record $24 Billion; Clothing Forecast At $4 Billion
According to the annual survey released by the National Retail Federation (NRF) and Prosper Insights & Analytics, consumers plan to spend $24 billion on Easter this year, up from $20.8 billion in 2022 and the previous record high of $21.7 billion in 2020, with 81 percent of Americans celebrating the holiday and spending on average $192.01, the highest figure to date.
Wattbike Taps Mammut Sports Group Board For New Company Chairman
Wattbike appointed Greg Nieuwenhuys as chairman of the board of directors, effective immediately.
GNC’s CEO Exits
According to the Pittsburgh Business Times, Josh Burris, CEO of GNC since February 2021, left his position in January 2023.
Rack Attack Acquires Two Stores In Calgary
Rack Attack, the retailer of car racks, bike racks, rooftop tents, Overlanding, and other outdoor gear, reported it acquired two stores in Calgary, previously owned by Racks Unlimited, bringing the total number of Rack Attack stores to 38 in North America.
True Spec Golf Opens Venue In Scottsdale
True Spec Golf has opened a location in Scottsdale, AZ in partnership with Talking Stick Golf Club.
Club Champion Opens Location In Crawley, England
Club Champion reported opening a fitting studio at Platinum House, Sussex Manor Business Park in Crawley, a borough in West Sussex, England.
Foot Locker’s Q4 Tops Wall Street Targets, Sets Long-Term Growth Plan
Foot Locker, Inc. reported fourth-quarter earnings below year-ago levels, but sales and earnings were ahead of Wall Street estimates. The sneaker retailing giant forecasted same-store sales would fall 3.5 percent to 5.5 percent; however, today, during its Investor Day conference, Foot Locker said it would outline a new long-term growth strategy that calls for same-store growth between 3 percent to 4 percent from fiscal years 2024 through 2026 and significantly higher EPS growth.
Precor To Close North Carolina Plant
Precor, the fitness equipment manufacturer acquired by Peloton in early 2021, is closing its plant in Whitsett, NC, affecting 123 employees.
Stella International Sees Sales Grow 5.9 Percent In 2022 On Flattish Shipment Volumes
Stella International Holdings Limited reported that consolidated revenue for the year ended December 31 increased by 5.9 percent to $1.63 billion, compared to $1.54 billion in 2021. Shipment volumes for the year rose by 0.4 percent to 56.0 million pairs from 55.8 million pairs in 2021, led by the company’s Fashion and Sports segments.
Li Ning Posts Double-Digit Sales Growth In 2022 Despite Sporadic COVID Shutdowns
Li Ning Company Limited reported revenue for the year ended December 31, 2022 increased 14.3 percent to RMB25.80 billion, compared to RMB22,57 billion in 2021.
Moody’s Upgrades Hanesbrands’ Speculative Grade Liquidity Rating
Moody’s Investors Service upgraded Hanesbrands, Inc.’s speculative grade liquidity rating (SGL) to SGL-2 from SGL-3 to reflect Hanesbrands’ improvement in liquidity as it has addressed all of its 2024 debt maturities.
REI Names Chief Merchant, Chief People Officer, Co-Op Brands VP
REI Co-op hired Apple Musni as chief people officer, effective March 20. The company also promoted Chris Speyer to senior vice president and chief merchandising officer and Isabelle Portilla to vice president, Co-op Brands, effective immediately.
Start 2 Finish Acquires Fleet Feet Race Productions
Start 2 Finish Event Management, with offices in Atlanta, GA; Charlotte, NC; and Memphis, TN, reported it had acquired the Race Productions division of Fleet Feet St. Louis to expand its reach in the Midwest and further establish itself in the event management industry.
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