Dick’s Sporting Goods opened a next-generation store, which is a larger store format than a regular Dick’s store, in the Monroe Marketplace in Selinsgrove, PA.
Category: Apparel
EXEC: Nike, Inc.’s Debt Ratings Outlook Lowered by S&P
S&P Global Ratings downgraded its debt ratings outlook on Nike, Inc. as the company pulled its financial guidance for the fiscal year ending May 2025 and postponed its investor day amid a strategy shift and CEO transition.
REI Co-op Plans Lower Volume of Store Openings for 2025
REI Co-op plans to open six locations in 2025, with three new stores in California, as well as Amherst, NY; Durango, CO; and Lynnwood, WA. The openings mark a moderation in new store growth from the 10 stores scheduled to open in 2024.
Under Armour Retains Oberalp for Swiss Distribution
Since becoming its Italian distributor, Under Armour’s sales in Italy have expanded from €8 million to €50 million ($54 mm). Over the last years, the South Tyrolean group has been growing Under Armour’s business in the wholesale channel.
Dick’s SG Sets Store Opening in Houston Suburbs
Dick’s Sporting Goods announced plans to open a Dick’s store at Atascocita Commons in Humble, TX in early November. Humble is located in the Houston metro area.
SFIA Elects Rawlings’ Mike Zlaket as Board Chairman
Zlaket is the CEO and member of the Board of Directors for Rawlings Sporting Goods. As chairman of the Sports & Fitness Industry Association (SFIA) Board of Directors, his one-year term begins effective immediately.
Report: M&A Activity in Active Lifestyle Sector Seeing Strong Recovery
Houlihan Lokey’s “Active Lifestyle Market Update” for the second quarter shows M&A activity in the active lifestyle space has rebounded strongly from a “muted” 2023, “supported by increasing confidence, renewed financing market activity, and a return of mega deals.”
Bass Pro to Open Location in Corpus Christi
The announcement came during a news conference led by local Bass Pro officials and Corpus Christi Mayor Paulette Guajardo. The opening is planned for 2025 and will be the retailer’s 21st in the state.
EXEC: Adidas AG Appoints Mathieu Sidokpohou Head of Global Sales as Hoeld Departs
Sidokpohou joined the company in 2020 as GM of Adidas France. In July 2021, he became GM of the Cluster South Europe before taking over the responsibility as Managing Director for Europe in 2023. He succeeds Arthur Hoeld, who will step down at the end of October.
Nike Expected to Face Competition for Next NFL Uniform Contract
The NFL uniform and apparel rights, which Nike has controlled since 2012, are up for renewal for the 2028 season. Bidding is “open and active,” with “several” companies vying for the contract. Nike took over the NFL contract from Reebok in 2012 and renewed it in 2018.
Academy Sports to Open Location in Meridian, MS
The new store will open on November 11, in time to make the Holiday shopping season. The 55,000-square-foot space at the Meridian Crossroads shopping center will be the retailer’s ninth store in Mississippi.
Fanatics Commerce’s Debt Ratings Lowered on Weak Q2 Results
Moody’s Ratings downgraded Fanatics Commerce’s debt ratings as second-quarter results for the online retailer of licensed sports merchandise showed EBITDA and free cash flow remained negative.
Survey: SMB Retailers Optimistic on In-Store Holiday Shopping
The 5th Annual State of Small Business Survey by Verizon Business revealed that 52 percent of small and medium-sized businesses and retailers are gearing up for an in-store holiday season, an increase of 13 points from 2023.
Adidas x Mahomes Strategy Uniform Amplifies Partnership
The unveil of the Adidas x Mahomes Strategy uniform by Patrick Mahomes further amplifies the power of their partnership and continue to establish new ways to promote their combined brands.
BSN Sports and Varsity Spirit Parent Hit by Data Breach
Varsity Brands, the parent of BSN Sports and Varsity Spirit, disclosed that more than 65,000 individuals may have had their personal information stolen due to a data breach that occurred earlier this year.
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