Outtech Inc, based in Aurora, OH, announced that its Board of Directors unanimously approved the promotions in senior management of Scott Blackwell and John Seliga.
Author: SGB Media
Under Armour Joins Baltimore FIFA World Cup Host City
Under Armour has joined 15 other bid partners in Baltimore’s campaign to be a host city for the 2026 FIFA World Cup.
Stio Appoints Board Member
Stio announced the appointment of Emily Culp to its Board of Directors as a board observer.
Japanese Sneaker Platform Soda Raises $56.4M
Soda, which runs Japan’s SnkrDunksneaker selling platform, raised $56.4 million in a financing round led by SoftBank Ventures Asia, according to TechCrunch.
PON Acquires Mike’s Bikes Chain
Pon Group has acquired Mike’s Bikes, the Northern Californian twelve-store chain.
Gregory’s Sales Climb 34 Percent in First Half
Samsonite International S.A.reported first-half revenues of the Gregory brand increased by 33.6 percent on a currency-neutral basis while those of High Sierra decreased by 31.7 percent year-over-year.
Varsity Brands’ Debt Ratings Outlook Raised
S&P Global Ratings affirmed its ‘CCC+’ issuer credit rating on Varsity Brands and revised the outlook to stable from negative. The rating agency said after significant sales declines through the first quarter of 2021, the company had a strong second quarter, with sales increasing close to 90 percent year over year.
Fanatics To Replace Topps To Become Exclusive Licensee For MLB Cards
Fanatics has reportedly reached a deal with Major League Baseball and the MLB Players Association to replace Topps as the exclusive license of baseball cards. The loss of the MLB partnership has canceled a deal announced earlier this year that would have made Topps a publicly-traded company.
Fanatics Partners With Brooklyn Nets
Fanatics announced an exclusive, multi-year omnichannel retail partnership with BSE Global, becoming the official e-commerce and physical retail partner of the Brooklyn Nets and New York Liberty.
Under Armour Enters Into Exchange Agreements With Convertible Senior Noteholders
Under Armour, Inc. announced that it has entered into exchange agreements with certain holders of its 1.50 percent Convertible Senior Notes due 2024. The noteholders have agreed to exchange approximately $169.1 million in aggregate principal amount of Under Armour’s outstanding 2024 Notes for cash and shares of Under Armour’s Class C common stock.
The Buckle’s Profits Climb 48 Percent In Second Quarter
The Buckle, Inc. announced that net income climbed 48.1 percent for the fiscal quarter ended July 31, to $51.4 million, or $1.04 per share, from $34.7 million, or 71 cents, a year ago.. Sales gained 36.6 percent.
Foot Locker’s Q2 Blows Past Wall Street’s Guidance
Foot Locker, Inc. reported earnings and sales in the second quarter ended July 31 came in well above Wall Street’s targets. Sales increased 9.5 percent year-over-year and 28.2 percent compared with the second quarter of 2019. Said Dick Johnson, chairman and CEO, “This quarter reflects strong results in our women’s and kids’ footwear business along with broad demand for our apparel and accessories offerings, which, combined with more limited promotional activity, led to the outstanding top and bottom-line results.”
Charles F. Sams III Nominated For Director Of National Park Service
President Biden nominated Charles F. Sams III, a tribal citizen of the Confederated Tribes of Umatilla, to serve as the director of the National Park Service (NPS).
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