According to a regulatory filing, Hibbett, Inc. modified its unsecured credit agreement with Regions Bank that expires July 9, 2026, to expand the limit to $125 million from $100 million. All covenants remain unchanged.
Author: SGB Media
SFIA: Sporting Goods Sales Increased 16 Percent In 2021
The total market for sports equipment, exercise equipment, athletic footwear, sports apparel, and licensed merchandise saw a 15.8 percent increase in revenue from 2020 and a 16.4 percent increase since 2019 pre-pandemic numbers, according to the Sports & Fitness Industry Association’s (SFIA) annual Manufacturers’ Sales by Category Report. The majority of the tracked categories experienced growth of over 10 percent in those two years.
Walmart Names PayPal’s Finance Chief As CFO
Walmart, Inc. appointed John Rainey, former head of finance at PayPal, as CFO, effective June 6. He replaces Brett Biggs, who announced his exit from the retailer last year.
Nevco Sports Acquires Lynx System Developers
Nevco Sports ,LLC announced the acquisition of Lynx System Developers, Inc., a sports technology data company based out of Haverhill, MA. The acquisition strengthens its position in end-to-end scoring and display solutions for sporting facilities.
NBA Flagship Store To Open In Paris This Summer
In partnership with Fanatics, the NBA will open a flagship store in Paris’ Latin quarter this summer. The store will offer three levels dedicated to official NBA product as well as Nike, Mitchell & Ness, New Era, and Wilson.
REI’s Sales Surge 36 Percent In 2021
REI Co-op released its 2021 financials and annual impact report, ending the year with $3.7 billion in sales, an increase of 36 percent compared to 2020.
Club Champion Acquires Australian Club Fitter
After acquisitions in Canada and the UK, Club Champion has acquired PureForm, a golf club fitter based in Australia.
Golftec Opens Location In Buffalo
Golftec announced the opening of an instruction and club fitting center in Williamsville, NY.
Trace Scores $47M In Funding
Trace, the game film platform, announced it closed a $47 million Series C round of funding, bringing its total funding to $65.2 million. Pelion Venture Partners led the round with Lakestar, Toba Capital and NextGen VP participation.
SquadLocker Becomes Official Online Retailer Of USA Diving
SquadLocker has become the official online retailer of USA Diving in partnership with Augusta Sportswear Brands.
Kahtoola Achieves Carbon Neutrality
Kahtoola, the maker of traction and performance- gaiters, announced it had achieved carbon neutrality. In 2019, the brand started working with OIA’s Climate Action Corps (CAC) to analyze its greenhouse gas emissions. Starting in 2022 and looking forward, Kahtoola is offsetting 100 percent of its carbon footprint by addressing scopes 1, 2 and 3 emissions. […]
IRocker Launches Naitical Kids Paddle Board
IRocker launched its Nautical Kids paddle board. Founder and CEO Steve Elder worked closely with his kids to perfect the detail and design of the smaller and lighter boards. “Drifting through the water on a board is one of our favorite things to do as a family, but we used to find ourselves crammed onto […]
Yue Yuen’s Sales Fall In March
Yue Yuen reported consolidated operating revenue fell 11.2 percent to $773.5 million in March dragged down by a steep decline at its Pou Sheng’s retail segment.
Report: Kohl’s Sees Offer From Franchise Group
Franchise Group, Inc., the owner of The Vitamin Shoppe, Buddy’s Home Furnishings and other retail chains has offered $9 billion, or $69 a share, to acquire Kohl’s Corp, sources told Reuters.
Lululemon Expands Resale Program To U.S. Stores
Lululemon Athletica, Inc. announced the nationwide expansion of Lululemon Like New, the brand’s first trade-in and resale program.
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