Authentic Brands Group (ABG), which reached an agreement to acquire Reebok in August, announced a new strategic partnership with the JD Group (JD). Through the long-term agreement, JD will carry Reebok apparel and footwear in more than 2,850 of its company-owned stores and websites.
Author: SGB Media
Shoe Carnival Announces New $50 Million Share Repurchase Program
Shoe Carnival Inc. announced that its Board of Directors authorized a new share repurchase program for up to $50 million of its outstanding common stock.
Johnson Outdoors Vice Chairman To Retire
Johnson Outdoors Inc. announced that Thomas F. Pyle, Jr., director and vice-chairman, will not stand for re-election to the company’s board of directors during its 2022 Annual Shareholder Meeting.
Hanesbrands Partners With Wake Forest
Wake Forest University’s athletics department signed a long-term retail apparel licensing partnership with Hanesbrands, Inc. that includes Alternative Apparel, Champion and Hanes brands.
Dick’s SG Launches $2 Billion Stock Buyback Program
Dick’s Sporting Goods, Inc. said in a regulatory filing that on December 16, its Board of Directors authorized the repurchase of an additional $2 billion of the company’s common stock.
Mastercard: Holiday Shopping Survey Shows Consumers Prefer Online Shopping And Gift Cards
While consumers are returning to their in-store shopping routines, according to a recent Mastercard survey, 56 percent of shoppers have continued to prioritize online shopping this holiday season, citing waiting in lines (72 percent), finding parking (65 percent) and items being out of stock (47 percent) as primary reasons.
American Council On Exercise Welcomes New Executives
The American Council on Exercise (ACE) promoted Chris Goudeseune to vice president of operations, and Lauren Shroyer to vice president of product and innovation.
Buffalo Groupe Expands Business Development Team
Buffalo Groupe, LLC, a collection of agencies and media properties focused on golf, hired Dan Chelel as vice president and Andrea Cascia as senior director of business development.
USA Cycling Appoints New CEO
USA Cycling appointed cycling industry veteran and USA Cycling Chairman of the Board, Brendan Quirk, to be its next CEO, replacing Rob DeMartini.
Revo Brands Announces Acquisition Of Outdoor Edge Cutlery
Revo Brands, the parent company of Real Avid, has now added Outdoor Edge Cutlery to its family of consumer brands.
Shoe Carnival Adds Same-Day Delivery
Shoe Carnival Inc. has launched same-day delivery, in partnership with DoorDash, a first in the family footwear channel.
Academy Sports Appoints Board Member
Academy Sports and Outdoors Inc. announced the appointment of Chris Turner to its Board of Directors and Audit Committee. With this change, Academy’s Board now comprises ten directors. Turner has served as the chief financial officer of Yum! Brands since 2019.
Under Armour’s Debt Ratings Upgraded
Moody’s Investors Service upgraded Under Armour, Inc.’s debt ratings due to better-than-expected revenue and earnings growth. Mike Zuccaro, Moody’s vice president, said, “”With improved profitability, a much stronger balance sheet and very good liquidity, the company is well positioned to weather the lingering effects of the pandemic.”
OBIT: NSGA’s Paul Prince
Paul Prince, who was a prominent figure at the National Sporting Goods Association (NSGA) and in the sporting goods industry for four decades, passed away after a battle with cancer on December 14, 2021. Prince was 82.
Winnebago’s Q1 Profits Soar Past Analyst Targets
Winnebago Industries reported earnings vaulted 73.5 percent in the fiscal first quarter ended November 27 on a 46 percent sales gain. Results easily topped Wall Street targets.
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal