Hibbett, Inc. said fourth-quarter results will come in below guidance due to lower traffic and transaction counts in the back half of the quarter. EPS is now expected in the range of $1.18 to $1.25 against guidance of $1.85 to $2.05. Same-store sales decreased 1.0 percent which is below guidance of positive high single-digit comp sales.
Author: SGB Media
Fin-Nor Releases Performance Sunglasses For Anglers
Fin-Nor, the saltwater fishing brand founded in 1936 with the invention of the big game saltwater reel, announced a brand relaunch and introduced a line of performance sunglasses for anglers. “This next evolution of the Fin-Nor brand is the most exciting yet and stays true to our mission to create tools that help men and […]
Fanatics To Acquire Mitchell & Ness
Fanatics has partnered up with a number of celebrities, including the rapper Jay-Z and the D’Amelio family of TikTok fame, to purchase Mitchell & Ness, best known for its throwback jerseys. The deal valued Mitchell & Ness at about $250 million, according to reports.
Pearl Izumi Releases S22 Mountain Bike, Road, Gravel, And BikeStyle Gear
Pearl Izumi released its Spring 2022 line featuring mountain bike apparel and protective gear for trail riders, including chamois technology for a comfort ride. It also expanded its product range in the gravel and BikeStyle categories. The Spring 2022collection includes: Elevate Knee Guard Summit Elbow Guard Summit Pro Shell Short Summit Pro Jersey Summit Short […]
Allbirds Launches Resale Platform
Allbirds, on Thursday, launched a resale platform called Allbirds ReRun that allows customers to trade in their Allbirds shoes for a $20 store credit.
Elevate Outdoor Appoints Global Marketing Director
Elevate Outdoor Collective, formerly K2-MDV Holdings, has appointed Max Kalbfell as global marketing director. Kalbfell’s area of responsibility focuses on the company’s three brands—Völkl, Marker and Dalbello.
Dick’s SG Partners With SidelineSwap
Dick’s Sporting Goods announced it has partnered with SidelineSwap, the online marketplace for new and used sporting goods, in a series of trade-in events that allows athletes to turn their used gear into Dick’s for store credit.
Under Armour’s Debt Ratings Outlook Revised To Positive
S&P Global Ratings revised its debt ratings outlook on Under Armour to positive from stable. The rating agency said Under Armour’s credit measures remain strong due to its high demand, reduced promotional pricing and higher than normal cash balances.
Moody’s Assigns B1 To Callaway’s New Term Loan
Moody’s Investors Service affirmed Callaway Golf Company’s Corporate Family Rating (CFR) at B1 and Probability of Default Rating at B1-PD. Moody’s also assigned a B1 rating to the company’s new senior secured term loan B.
Report: Nike May Exit Georgetown Flagship
Lincoln Property Co. is seeking replacement tenants for the Nike Georgetown flagship store after Nike missed a deadline earlier this year to exercise a renewal option, according to the Washington Business Journal.
TrainingPeaks Appoints President
TrainingPeaks, a maker of a training app for athletes and coaches, announced it hired of Lee Gerakos as president.
Escalade’s Q4 Sales Dip 1.8 Percent
Escalade, Inc. reported fourth-quarter sales were slightly below year-ago levels due to supply chain disruptions; however, sales were well above sales levels from the fourth quarter of 2019.
FortNine Acquires Defender Industries
FortNine, Canada’s e-commerce platform for motorbikes, dirt bikes, ATVs, snowmobiles, and other power sports equipment, accessories and parts announced, in partnership with Novacap, the acquisition of Defender Industries, Inc., the dealer of marine products.
Reebok Forms Strategic Partnership With Foot Locker
Authentic Brands Group (ABG) announced a new and enhanced partnership with Foot Locker, Inc. for the Reebok brand within the United States. This includes the exclusivity of basketball shoes from Allen Iverson and Shaquille O’Neal.
Mystery Ranch Undergoes Leadership Change
Mystery Ranch’s founders Dana Gleason and Renée Sippel-Baker will pass the baton of senior leadership and assume roles as Board of Directors. Alex Kutches, the long-time VP of sales and marketing, will assume the role of president.
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