Boardriders Inc. announced the appointment of Brad Blankinship as global general manager, Quiksilver and David Brooks as global general manager, RVCA.
Author: SGB Media
Nike Files Patents To Sell Virtual Goods
Nike has applied this week for new trademarks indicating its intent to sell branded virtual goods, including shoes and apparel, according to a report from Bloomberg.
Camping World Lifts Outlook On Strong Q3
Camping World Holdings Inc. raised its full-year guidance after reporting earnings in the third quarter ended September 30 advanced 22.3 percent on a 14.2 percent gain.
Rocky Brands Hit By Fulfillment Challenges In Third Quarter
Rocky Brands Inc. reported earnings that came in well below Wall Street’s consensus estimate and said its results were hurt by temporary fulfillment challenges in the company’s Ohio distribution center.
Big 5’s Profits Dip On Tough Comparisons
Big 5 Sporting Goods reported net earnings declined 15.1 in the third quarter ended October 3, in line with guidance and reflecting challenging comparisons in the year-ago pandemic-fueled quarter. Same-store sales decreased 0.7 percent compared to the prior year period and increased 13.2 percent compared to the third quarter of 2019.
Rapala Expands Bassmaster Partnership
Minnesota-based Rapala is expanding its partnership with B.A.S.S., signing a three-year deal as a premier sponsor after serving as title sponsor of the Fantasy Fishing program and as supporting sponsor of the Bassmaster tournament trail for the past two years.
Coca-Cola Acquires BodyArmor
Coca-Cola has acquired sports-drink maker BodyArmor, representing its largest brand acquisition.
Mitchell & Ness Relaunches Footwear Brand Hood Rubber Company
Mitchell & Ness announces the relaunch of the Hood Rubber Company, a heritage footwear brand that left the marketplace more than 40 years ago.
Under Armour Hikes Outlook On Q3 Earnings Beat
Under Armour Inc. strongly raised its guidance for the full year after reporting third-quarter earnings that were double Wall Street’s consensus targets. Revenues climbed 8 percent in the third quarter.
Nike Board Member To Retire At End Of Year
Nike Inc. said in a regulatory filing that John Connors on October 27 notified the company of his decision to retire as a director of the company effective December 31, 2021. Connors’s decision to retire is not because of a disagreement with the company or the Board of Directors
Olin Announces $1 Billion Share Repurchase Program
Olin Corp., the parent of Winchester, announced that its Board of Directors approved a new $1.0 billion share repurchase program.
Beachbody Appoints Head Of Partnerships And International Development
The Beachbody Company Inc. announced that Jean-Michel Fournier assumed the newly created role of president, global partnerships and corporate development, effective November 1, 2021.
Callaway Golf Company Announces Strategic Investment In Five Iron Golf
Callaway Golf Company announced that it had completed a $30 million minority investment in Five Iron Golf, a privately-owned, urban indoor golf and entertainment company offering simulator rentals, golf lessons, custom club fittings, social events and for and beverage.
Scheels Expanding To Idaho
Scheels announced plans to open its first All Sports Store to Idaho. The store is scheduled to open in Spring 2024 in Meridian, West of Boise. The 240,000 retail store is planned to anchor the Ten Mile Crossing development.
Foot Locker Completes Acquisition Of Atmos
Foot Locker Inc. completed the acquisition of Atmos, a digitally-led retailer headquartered in Japan, for $360 million.
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